Review on Livecoin by José A Rodríguez
Livecoin: weak Liquidity but Practical for trading different Altcoins
Looking for a good service that offers the necessary advantages to trade cryptos is not an easy task. There are hundreds of virtual markets offering the same benefits, and others go even beyond. But sometime in the simplicity of a task, an exchange network can be of use for limited but essential purposes.
Livecoin is not a new exchange in the market. It is in fact a service that has been online since 2013. During all these years, the service has provided an excellent trading mark for Bitcoin, but with time, it also became operative for other Altcoins. Likewise, this exchange is, although a little bit strange, appropriate to exchange different Altcoins into fist money. So, users has been making use of it.
The issue with this exchange is that it has had little in the market. Not many users know about it, and the ones who apply for it, consider it twice before using again because the service offers one of the lowest liquidity in the marketplace. If an exchange does not offer good margin for sales and exchanges among different tokens, then there is not real purpose in trading on it. However, it has changed with years and the company keeps offering new updated to become a more scalable project.
This service offers reliability and security among all the operations an user required. Personally, the main frame of features of it is well defined. There are some things I consider should be improved, like the verification process that it is not clearly explained and it functions just for customers who want to exchange fiat money into cryptos.
Overall, the services is good. Despite of the years it has been active in the market, the company have many things to update as well as some benefits to release. The great thing is that it is available around the world, so traders from any local zone can execute their transactions within minutes.
Pros
- Simple, practical, and rapid to used. It remains being one of the most useful for speed-saving.
- There is a wide availability of Altcoins to trade with. Although the leader is Bitcoin, others also have excellent outcomes.
- Useful because of its hybrid features to offer exchange between cryptos and default money.
Cons
- It has yet low liquidity for any of the tokens that can be trade on it. The current volume of trading keeps falling.
- It requires many updates and improvements. Some information about user's verification process should reposted.
