LiveCoin: analysis and review
LiveCoin, operating in the cryptocurrency sphere since 2015, is popular among traders from CIS countries. However, it has not gained wide recognition beyond this region, which is reflected in reviews outside of it. Russian-speaking users, however, actively share their opinions about the platform. Since 2017, reviews have turned negative, with accusations of fraud and misappropriation of client funds against the exchange. In this review, we will explore the features and deception scheme used by LiveCoin.
LiveCoin Profile
LiveCoin positions itself as a modern and secure exchange with low fees. It offers the opportunity to trade digital currencies (including fiat money) and promises prompt support. However, the trading volumes on the exchange are average, and the company’s rating is not among the best.
- Trading volumes are low.
- Company data is hidden.
- Licenses and certificates are missing.
These facts raise doubts about LiveCoin’s reputation as a reliable exchange. Make sure to reconsider your choice before proceeding.
Detailed review of LiveCoin.net
The LiveCoin.net website is available in nine languages, possibly as an attempt to attract foreign clients. However, the majority of visits come from Russia and Ukraine. It mainly provides information on cryptocurrencies, the terms of the affiliate program, and trading platform tariffs. The exchange does not clutter its site with advertisements, but the information provided is not comprehensive enough.
LiveCoin Terms and Fees
LiveCoin allows trading for individuals over 18 years old without mandatory verification. Several methods are offered for depositing and withdrawing funds, each of which incurs fees of various sizes. The trading commission sizes depend on the client’s trading volume.
The exchange also offers a program to attract new investors through referral links and promises earnings ranging from 10 to 50% of the commissions from each referred user.
Reviews and Conclusions
Reviews of LiveCoin have mostly turned negative in recent years, with customers reporting dishonest activities by the exchange. Numerous complaints about high fees, lack of support, and inappropriate behavior from operators underscore the distrust towards the platform. LiveCoin seems to have lost the trust of clients and has become a subject of skepticism in the cryptocurrency industry.
Based on the review, LiveCoin is not an optimal choice for cryptocurrency trading. The exchange’s reputation is in doubt due to deceiving clients, and its trading conditions do not set it apart from competitors. We recommend carefully weighing the risks before engaging with LiveCoin.
Author: Irina Vladimirova
LiveCoin exchange offers trading on a wide variety of cryptocurrencies, however, there are numerous claims from investors who feel deceived by this platform.