Review on Liquid by Sheila Cova

Name: Liquid
Item: Liquid
Rating: 4

May 01, 2020

Liquid

Trade dozens of digital currencies on a new platform that has more experience than you might think, If you are looking for an exchange where you can buy various cryptocurrencies, Liquid is worth considering. Launched in September 2018, this new platform grew out of the merger of two existing exchanges - Quoinex and Qryptos.

Liquid offers cryptocurrency exchanges and fiat currencies all in one place, as well as a variety of features designed for both new and experienced users alike.
Its security measures include 100% cold wallet storage - the ability for investors to keep all or part of their token portfolio out of reach and therefore out of reach of hackers and Iron Shield protections, like 2FA, a cool-down period, controls, and a withdrawal cool-down period, which protects LIQUID customer accounts from being taken over or corrupted.
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Pros

It has seven fiat currencies, AUD, EUR, JPY, USD, SGD, PHP, HKD.
Has regulatory approval from the Japan Financial Services Agency.
Users have access to a wide range of exchanges.
Liquid has a pretty decent liquid rate offer. Both policyholders and manufacturers pay 0.10% negotiation fees (or 0.05% if you pay negotiation fees in QASH). Since the global industry average is around 0.25%, Liquid's rates are approximately 60% lower than the average.
Most exchanges charge a fixed withdrawal fee when you withdraw crypto from the exchange. Liquid too. They charge a withdrawal fee that amounts to 0.0005 BTC when you withdraw BTC. This rate is around 40% lower than the current industry average (which is 0.000812 BTC).

Cons