Review on Liquid by Praise Olagbadun
A Popular Asian Cryptocurrency Exchange Platform Called Liquid
Liquid is a cryptocurrency exchange platform that was founded in the month of January, 2014 by Mike Kayamori and Mario Gomez Lozada, the Japanese originated exchange platform has remained a popular exchange platform for long and offers trading with a reasonable number of cryptocurrencies which happens to be about 174, the platform was licensed by the Japanese FSA (Financial Supervisory Authority) and has ever since been supervised by this
It has an approximate trading volume of about $228 million. Liquid offers a nice fee for exchange which is about 0.3% for takers and nothing for the makers. The platform is known to be diversified in the number of languages it supports which includes the Russian, Korean and Chinese languages, it also allows users to trade cryptocurrencies like Bitcoin(BTC), Ethereum (ETH) and Bitcoin Cash (BCH) and uses cold wallets to store it's funds so as to protect users from hackers.
The exchange platform has its own cryptocurrency which is the QASH and has its application available on Android and iOS operating systems. The platform also lends cryptocurrencies from users and pay back with interest, it has a good security and has about 98% of its trading capital stored
Pros
- The exchange platform is fully regulated by the Japanese Financial Supervisory Authority (JFSA)
- Deposits can be made with fiat currencies
- Has an application that is available for Android and iOS operating systems
- Has its own cryptocurrency, QASH
- The platform's assets are kept in a cold wallet to protect users from hackers
Cons
- It requires KYC (Know Your Customer)
- The withdrawals are really slow
