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Review on Liquid by Puerto L
Solid exchange
As an exchange, Liquid has done a good job but their strict KYC policy can be a pain for an inexperienced trader or unfamiliar user. The manual withdrawal takes a day and I need to wait for 2 days during the weekends but the BTC and ETH withdrawals are processed in 24 hours even at the weekends. The illiquid ETH pairs can cost a lot, with the latest update the Liquid management decided to apply a fee for withdrawals which were free of charge months ago.
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Pros
- The low withdrawal fees
- Strict rules for new listing projects
Cons
- Manual withdrawal
- The high spread between bid and ask
- Low liquidity
