Review on Liquid by The hsotaka
Liquid Exchange Review
I'm using Liquid exchange since its launch in September 2018.
Quoine's exchanges "Qryptos" and "Quoinex" got merged to Liquid.
I used Coinbase, Bitfinex and Kraken before, so i have experience with a few exchanges.
At the launch of Liquid, there were a lot of small bugs and the trading interface wasn't really intuitive. Now, 9 months later, Liquid exchange is my favorite exchange. You have all features in one platform (See pros and cons). Its my fiat gateway now, because of easy fiat deposits. Trading interface is really nice now and is looking very professional.
The app is looking great and its a nice addition to manage my trades when I'm not at home.
I made good experience with customer support, every time i needed support, they responded fast and friendly.
Of course, there are still some cons, but Quoine is working hard to fix these things (for example they are working on a technology to improve withdrawal times, without affecting the security of user funds).
Liquid is worth a try. Some people don't like the design of the exchange, but most of them don't know that you can change the scheme (blue mode, dark mode, light mode) and customize the trading interface completely on your own.
Thank you for reading my review.
Updated 5 years ago
Rating changed from 4 to 5
Security:
Liquid is using multi signature cold wallets for user funds and they have a very complex internal policy to ensure the security of the exchange. I could be wrong, but i do not know any other exchange which publishes their security policy in such a detailed way.
Trading Interface and Possibilities:
You have all features in one platform. Spot trading, Margin trading, CFD trading and the Quick Exchange which allows to convert Crypto/Crypto and even Fiat/Crypto without the need to deal with markets and order books. Fees for trading are very low, if you pay fees with QASH (Liquids native token), fees are 0,05%.
Updated 5 years ago
Rating changed from 4 to 5
Three month after my last update, its time to keep this review up to date.
Liquid is still my favorite exchange. It has everything i expect from a professional exchange.
The mobile app is one of the best out there and the mobile devs share their opinion and ideas with selected users. So i have influence what is missing and what i would like to see on the app.
The web version is constantly improving and the new Liquid Vision mainpage is a great feature to get an easy overview of your holdings, positions, orders and favorite coins. They will even add more features to the Vision page soon! :)
The API is one of the best performing APIs out there.
Liquid's devs are slow but what they are publishing is great! :)
Pros
- Exchange, fully regulated by the JFSA.
- Quoine (company behind Liquid) runs exchanges since 2014, never got hacked.
- Real multi signature cold storage policy for user funds.
- Nice looking, fully customizable trading interface.
- Margin trading with up to x100 leverage.
- Nice app for Android and IOS with margin trading.
- Internal World Book technology, which matches orders of different trading pairs (for example orders of BTC/USD and BTC/JPY).
- Good volume on major trading pairs (btc, eth, xrp, bch)
- Biggest fiat exchange with lot of fiat pairs (USD, EUR, SGD, HKD, AUD, CNY, INR, JPY, PHP, IDR)
- Quick exchange for fast currency conversion without using complex trading UIs.
- U.S. expansion in January 2020.
- LDL (Liquid Distributed Ledger) for Liquids native token "QASH" soon.
- Lending platform, lend your assets for a daily interest.
- IEO market on Liquid.
- Good support (runs on intercom).
- 100% real volume, no wash trading because of regulation and mechanisms on Liquid..
Cons
- Low volume on trading pairs of smaller coins.
- Slower withdrawals compared to other exchanges, because of real cold wallet policy.
- Roadmap which lists upcoming features, but without release dates.
- Native token "Qash" needs more utility.
- Good support, nice devs, but a lack of marketing.
New products
Comments (2)
November 05, 2020
My experience with exchange is quite good. It has been close to 1 year since Im using the exchange. Quite an offers and options to use as compare to any other exchange. I use liquid particularly because if fiat and it has been quite good dealing with queries and problem free fiat conversions,whichnfor me is a stand out point for me.
July 27, 2020
Liquid is a competitive exchange, I think. It offers a wide market sales and a updated volume overall. You have a long time trading with it. I would included it among those essential services because it alwasy good to have an alternative when other exchange markets are so busy.
