Review on Liquid by Fanuel PORPORTY
Liquide exchange : Overall best cryptos exchange
The young Liquid cryptocurrency exchange launched in 2018. Its founders were Quoine company, already having good experience and reputation in the cryptosphere. In essence, Liquid was the result of the merger of Quoinex and Qryptos, the company's two previous projects. It was this exchange that was the first to receive a license from Japanese regulators, and expects to obtain a banking license. In just a year of operation, the platform is in the TOP-50 exchanges according to the CoinMarketCap version.
Liquid Exchange takes care of the security of its users. For example, you will not be allowed to start trading or replenish a deposit without using two-factor authentication. But even after passing this stage, you will not be able to withdraw more than two thousand dollars a day, participate in IEO on the Liquid platform and trade in fiat. On the Liquid exchange there is an opportunity to remove all restrictions, but for this you need to go through KYC. Liquid Exchange takes care of the security of its users. Quoine provides its customers with 3 types of trading: Spot, Margin and Liquid infinity. If everything is clear with the first and second methods, then Liquid infinity is almost the same margin trading, only with a huge leverage of up to 1k100. Commissions on the exchange are low, only 0.1% per transaction. But using the internal QASH token, fees can be reduced by half. In addition, the Liquid exchange has the ability to quickly convert currencies, the ability to obtain a loan for transactions, and a section with IEO.
Pros
- User-friendly interface
- Very competitive trading fees, including a rebate for market makers on crypto/crypto pairs
- Leverage trading also available
Cons
- Slow withdrawal times
- Withdrawal costs (including payment processor fees) can be expensive
New products
Comments (1)
January 20, 2020
I really like your review! :)
Keep in mind that the withdrawal times on liquid vary with the coin. Withdrawal of major coins like BTC or ETH are way more faster than others. They are improving the withdrawal system right now.
