Review on Liquid by Temitope Babatunde
Why Did Liquid Exchange Approve Withdraw Once A Day.
Liquid Exchange was launched in 2018 and it is a Japan based exchange. The team members name is not hidden as it was clearly written on their website. It is licensed by Japanese Financial Service Agency.
Using the website is super easy because the interface is good looking and the overview also is well arranged so that it can be easier for new comers to use it. But you must know that before you can use the exchange you must do a deep KYC where you will submit your details.
You can deposit using cryptos or some fiat currencies that the exchange supported, like JPY, USD, EUR, AUD, HRD, PHP etc. While depositing with crypto is free, depositing fiat carry some fees at bank or third parties level. During trading their is 0.1 percent fees for both makers and takers. Withdrawal are done once in a day after it must have been manually checked by a professional financial staff, that is why they wrote in their guide that fiat withdrawal may take 3 banking days, while crypto may take 2 working days, this is done to protect users fund and forestall hacking.
The security is very high as the team put all security measures available into use. It must be noted that citizens of USA can use it, but Japan residents can only trade the pairs approved by JFSA.
Though it doesn't have so much social presence, but in terms of customer care services, they are trying, you can contact them through online chat or email.
After considering the fact that liquid exchange is centralized exchange and also their system of withdrawal and you see that it is good for you, you can try it.
Pros
- High level of security for users fund by storing it in a cold wallet.
- The team members were made known to improve transparency.
- You can deposit with credit and debit card as well as through the third party.
- There are various numbers of coin to trade with.
- It is approved by Japanese Financial Service Agency.
- Withdrawal is free.
Cons
- The withdrawal are done once in a day.
- Compulsory KYC
- No much social presence
New products
Comments (1)
May 30, 2020
The site is very easy to use, the interface is good looking and the overview is well arranged, it also easy for the beginners to use. For you to use this exchange there are some things you must do, you must do your deep KYC where you will submit your details.
