Review on Liquid by Killer Bean
The highly liquid exchange
Liquid exchange was established in 2014, this was founded during the birth of major cryptocurrencies like bitcoin and ethereum. I've actually used and traded on alot of exchange platforms but one thing was different about Liquid, its high liquidity!( I guess it got its name from there). It is one of the oldest and largest crypto exchange platforms supporting well over 70 cryptocurrencies from bitcoin down to Trons. I used to trade ethereum and tron on this platform because it seemed profitable and easily available as at that time. As a maker, I was charged a 0% trading fee and a 0.0007 bitcoins. Depositing in Liquid was a little discomforting as it doesnt accept credit card which is very flexible but only wired transfers. It is a Singaporean based exchange. I found it easy to use specifically because of its attractive outlook and design. Though I was a moderate learned trader when I got the downloadable app, Liquid Pro App, I had to learn about it from other traders and from the internet. With the app, I monitored up and down movement of the price of various coins. Most of user's funds are stored offline to reduce risk of hacking. It is easily acessible and comprehensible. The fact that Liquid is very successful doesnt mean it doesnt have its own flaws. It is one of the biggest and the best in terms of liquidity but it is not very secure as it ought to be.
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Pros
- It is a highly liquid exchange
- As a maker I wasn't charged any fees
- Prices of cryptocoins and assets can be monitored with a special app.
- An affordable withdrawals fee
Cons
- It can be prone to hacking
- Initially i couldn't afford the manageable withdrawals fee( of 0.0007 BTC)
