LiveBit is an offshore cryptocurrency exchange that offers a web-based trading platform for digital assets. It provides a range of cryptocurrencies for trading, including popular ones like Bitcoin, and claims to offer leverage of up to 1:5. However, there are concerns regarding its legitimacy and regulatory status, as it operates without authorization and has been associated with suspicious activities .
The exchange has a simple account creation process and offers two levels of verification for users. The first level allows for a daily withdrawal limit of $2000 and enables margin trading, while the second level, after providing more personal information and verification documents, raises the daily withdrawal limit to $25,000. There is also a mention of a third, unspecified level of verification that could potentially offer higher withdrawal limits .
LiveBit's trading platform features a user-friendly interface with advanced trading tools such as multiple time frames, candlestick options, and technical indicators like Fibonacci levels and Bollinger bands. It supports over 80 digital currencies and has a standard market maker-taker fee model to encourage liquidity .