Live-Bit - one of the best exchanges in the world
by Monica Harper Creative WriterLive-Bit is
one of the best exchanges in the world. Currently, Live Bit is focused on the
US and European market, but the company said it plans to expand overseas.
Verification
The verification process follows standard
industry practices and the exchange has successfully launched an international
website where anyone can pass the verification process.
There are two levels of verification on
Live Bit. With a newly created account, the user cannot make any deposits or
withdrawals, and they have to go through the verification process.
Level 1 verification requires the following
personal information:
·
Name
·
Nationality
·
Date of birth
·
Passport or identity number
·
Address
This level of verification allows deposits
of up to US $ 2,000 per day, but withdrawals are not allowed.
Level 2 verification is required for
withdrawals, and it requires the usual items:
·
A photo of the passport or
identity card
·
Proof of residence which can be
a utility bill or bank statement
When completed, Level 2 has a limit of US $
50,000 on daily deposits and withdrawals for personal accounts and a limit of
US $ 500,000 for business accounts.
The exchange only supports two FIAT
currencies: US Dollar (USD) and Chinese Yuan (CNY). There are the same number
of digital currencies supported - only Bitcoin (BTC) and Litecoin (LTC) are
available for trading.
Deposit and withdrawal fees
The US dollar is the only currency accepted
for deposits, and the only two ways to deposit them are through bank and wire
transfers. The transfer is free for business users, while individual users are
charged 0.1% of the transferred amount. Bank charges are not included in the
fees.
Withdrawals in US dollars are also possible
by bank or bank transfer with a fee of 0.1% and a minimum of 15 US dollars.
Bitcoin and Litecoin withdrawals are free.
Trading at Live Bit
Live-Bit is one of the most liquid, stable
and advanced platforms to date. High-end exchange, especially for professional
traders. The company offers many types of advanced orders including Iceberg
orders, trailing stop orders and TWAPs.
Live-Bit is the first exchange to offer
futures on the BTC / USD pair and still has the most liquidity.
Ease of use
The website looks great and is a great fit
for professional traders. By clicking on the “full screen” button, a
sophisticated chart is launched, with many features and an integrated trading
portfolio. There are many types of technical analysis tools available for spot
and futures trading. Everything works great and the website is very responsive.
Support
The exchange offers direct email, chat and
phone support in addition to the ticketing system. The support team is highly
skilled and very professional, typically responding within an hour.
Security
The exchange offers two-factor
authentication and an administrator password feature that allows you to set how
often trading requests the password.
Live Bit holds 100% of the user's funds in
a cold room and has a hot wallet that always provides enough liquidity. In the
event of a hot portfolio breach, there is no doubt that the trading platform
would easily absorb the blow.
There are also email and SMS notifications,
and the exchange uses PGP encryption in all email correspondence.
So far, Live-Bit has not been hacked and
they have not suffered from DDoS attacks in the past.
Supported payment methods
Bank transfer
Credit card
Debit card
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Created on Mar 16th 2021 15:09. Viewed 265 times.