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Liquid crypto exchange review and features

Liquid crypto exchange review and features

  • 3 March 2022
  • 92 View

This Liquid crypto Exchange Review explains everything about Liquid in detail. Not only this thing alone, but I will continue to take the time to show you how to trade seamlessly on the Liquid exchange.

Along with me, we will also take the time to discuss and review Liquid Exchange’s features, trading, and the number of cryptos supported. Most important is how traders can use the Liquid exchange in their daily life.

This Liquid exchange review should be a must-read for every crypto nerd and even professional trader.

When I have covered all the details about fluid replacement, you will know all the pros and cons of fluid replacement. So, without further ado, join me in briefly explaining what Liquid Exchange does.

Liquid crypto Exchange Review

Outline of the History of Fluid Exchange: The Origin of Fluid

The Liquid is a decentralized crypto exchange. It is among the most popular crypto exchanges to rely on in Asia. In addition, Liquid Exchange is a sophisticated trading platform with a wide range of supported cryptocurrencies.

Additionally, notably in January 2014, the Liquid exchange launched its crypto-related peer-to-peer (P2P) services. From there, Liquid has been in the crypto exchange space for about nine years with its intuitive daily digital asset services.

In addition, the Liquid crypto Exchange is headquartered in Singapore. Specifically, it is exclusively regulated and authorized by the Financial Regulatory Authority (FSA) in Japan.

In terms of trading, Liquid Exchange scores well as it offers easy-to-handle trading much more efficiently. Therefore, this important trading feature makes the Liquid crypto Exchange a well-rated crypto platform for everyone.

As part of its services, Liquid Exchange offers an option that supports a wide range of major trading pairs. Additionally, another key offering of the platform is that Liquid has a phone-based app called the Liquid Pro App for individual hands-on trading.

Liquid Pro’s mobile app allows traders to keep track of their crypto investments and is very user-friendly and user-friendly. The app allows you to trade many other cryptos of your choice directly without needing a laptop. Consequently, it is one of their top features.

Liquid crypto Exchange Services

The bulk of Liquid’s trading activity comes from its fiat trading pairs, which are dominated by its USD and JPY markets. The exchange also offers a wide range of other trading pairs based on other fiat currencies, as well as crypto-to-crypto trading pairs for more than 100 coins and tokens.

Liquid crypto Exchange Services

The Liquid trading interface is nice and simple, complete with popular Tradingview charts. Liquid ensures that the number of numbers and options displayed are minimized, making the dashboard less intimidating to navigate than some other exchanges. A user can easily switch between trading modes (Spot, Margin, CFDs, and Futures) by using the drop-down menu in the top left corner.

Margin trading

Liquid’s margin trading service allows trading fiat-based pairs with up to 25x leverage. The feature is not available for crypto-to-crypto trade pairs. Users can also make money by lending their assets to margin traders for an interest fee.

Infinity (CFD trading)

Liquid also offers Contracts for Difference (CFD) trading through its Infinity trading feature. This is very similar to futures trading in the sense that traders are betting on the price of the asset rather than owning it. Liquid Infinity offers leveraged trading of up to 100x on BTC-USD and BTC-JPY trading pairs.

Perpetual future

Liquid’s newest feature is perpetual futures contracts for the Bitcoin USD market. Their perpetual futures contract is called P-BTC and works a little differently than other perpetual futures contracts. The main difference is that P-BTC contracts are priced in Bitcoin and not US Dollars… Trading P-BTC is possible with up to 100x leverage.

Mobile app

Liquid has its mobile app “Liquid Pro” which provides all of its trading features on the go. This is available on both iPhone and Android.

Mobile app

Main features and functions:

Liquidity

Providing and maintaining sustainable liquidity within the overall crypto market is Liquid crypto Exchange’s top priority, hence the name “Liquid”. Based on our views and studies on Liquid Exchange, we can say that Liquid is a good choice for both novice and professional traders in terms of liquidity.

Liquid crypto Exchange not only offers a wide range of liquidity, but also a World Book that aligns and matches more trading pairs. This helps users to have proper knowledge and experience of order book liquidity.

Additionally, Liquid Exchange’s World Book supports Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) with multiple fiat pairs. Additionally, one of the Liquid exchange’s long-term goals is to unify its World Book with crypto exchanges worldwide in the future. This will put Liquid Exchange in a position to improve liquidity,

Crypto Margin Trading

In addition, the Liquid crypto Exchange promotes a margin trading option for everyone. Therefore, traders have the opportunity to trade in volatile markets. For the benefit of traders, Liquid offers margin trading with up to 25x leverage.

Meanwhile, Liquid crypto Exchange clients can also lend all types of their cryptos in addition to the margin trading services. You can enjoy lively interest every time you lend your crypto holdings to margin traders. This looks promising, especially for Hodler.

User experience

Hey buddy! We feel the same as you. And we know how difficult it is sometimes to use exchanges. That being said, Liquid has a smooth user interface (UI) and attractive user experience (UX) features for both professionals and beginners. Additionally, the user-friendly features of the Liquid exchange attract many users to the platform every day.

Liquid crypto Exchange Supported Cryptocurrencies

Bitcoin (BTC) Bitcoin Cash (BCH) Elrond Gold (EGLD) Matic Network (MATIC)
Ripple (XRP) Chiliz (CHZ) Enjin (ENJ)  NEM
Ethereum (ETH) Compound (COMP) Ethereum Classic (ETC) Chainlink (LINK)
 Litecoin (LTC) Dash (DASH) Fantom (FTM)  Qtum
 Stellar Lumens Dogecoin (DOGE) FTX Token (FTT)  Electroneum
  NEO Polkadot (DOT) Holo (HOT)  Fusion

Liquid crypto Exchange Deposit/Withdrawal/Trading Fees

The Liquid crypto exchange has its preferred technique for collecting deposits, executing withdrawals, and trading fees. Just like other exchanges charge a fixed fee amount for trading or withdrawal, Liquid Exchange does the same.

Liquid charges a fee of 0.0007 BTC when a user withdraws in Bitcoin. As crypto traders need to know, eligible Liquid fees appear to correctly reflect the current industry average fee of 0.0006 BTC.

Liquid Accepted payment methods

In terms of payment, Liquid Exchange accepts credit card deposit methods. Wait, this isn’t the only payment method that Liquid accepts. It also offers wire transfer as part of its deposit method. Therefore, this means that Liquid users can go cashless and pay through their bank.

During the research, we also found out that Liquid crypto Exchange is the first crypto exchange ever to accept FIO deposit addresses. With these, a human-readable wallet does not give anyone permission to see or know Blockchain-based public addresses.

In terms of uptime, the Liquid crypto trading platform operates 24/7 and offers the best satisfaction in a customer-centric manner. With this in mind, anyone who wants to trade during the day or night can do so with the Liquid Crypto Exchange.

Controversies and problems

So far, the Liquid crypto Exchange has been subject to a confirmed hack by notorious attackers over time. With further confirmation, Liquid Chief Executive Officer Mike Kayamori even came out to officially confirm the incident.

Referring to what Kayamori said, he mentioned that the attacker hacked Liquid Exchange’s key domain records through his infamous activities. The attacker allegedly gained access to many employee e-mail accounts and manipulated them. Not only that, but the criminals took control and tapped into the company’s network.

Liquid Supported Countries

The Liquid crypto Exchange is available in many countries worldwide except United States, Albania, Bahamas, Barbados, Botswana, Cambodia, Cuba, Democratic People’s Republic of Korea (DPRK), the Democratic Republic of the Congo, Ghana, Iceland, Iran, Jamaica, Libya, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Somalia, South Sudan, Sudan, Syria, Uganda, Yemen, Zimbabwe, United States, Virgin Islands, American Samoa, Guam, Puerto Rico, Northern Mariana Islands (MP).

Customer Support and Reviews

Liquid has a very user-friendly online help section that is full of articles on frequently asked questions. If that’s not enough, they have an email support service that usually responds within a few hours. Trading Liquid seems to be a generally positive experience according to reviews. One of the few common complaints is simply that smaller altcoins don’t have enough liquidity. Another common issue seemed to be slow KYC (Know-Your-Customer) verification, which is only required for withdrawals but not deposits. Some users felt that their funds were being held against their will, unaware that they would need to verify themselves to withdraw them again.

Does Liquid have mandatory KYC?

Completing the KYC registration is not mandatory for the Liquid Crypto Exchange. You can also use some of the exchange’s features with an unverified account. However, not all features are open to unverified users. For example, you cannot make deposits and withdrawals in fiat currencies if you have not performed KYC.

The documents required for KYC verification at Liquid crypto Exchange are:

  • Identity document (international passport, driver’s license, or other government-issued ID).
  • A selfie to confirm it’s you on your ID
  • Proof of address. It could be a phone bill or utility bill issued within the last 90 days that clearly shows your address.

Interestingly, you can also do account verification via video call on the website. Here, a customer service representative will call you via your choice of video conferencing app and request your identification documents. It will usually complete within five minutes.

Does Liquid have a native TOKEN?

Yes, the Liquid crypto Exchange has its token. It is known as the QASH token and is ranked 782nd by market cap. The market cap is about $30.4 million with a 24-hour trading volume of about $600,000.

The Qash token will be used on the liquid exchange to offer a 50% discount on trading fees and meet eligibility criteria for private sales on the exchange. Whether it is a good investment or not depends on the discretion of the user and the credibility of the exchange. If you use the exchange frequently, you might as well pack some QASH tokens, as their usefulness isn’t just tied to their price.

How safe is Liquid?

Quoine is licensed by Japan’s Financial Services Authority and has implemented several anti-money laundering and security measures to protect users’ funds. These include the following:

ID verification is required before you can start trading – you must provide a government-issued ID, proof of address, and a selfie

  • 100% cold wallet storage of crypto assets
  • Mandatory two-factor authentication (2FA) for all users
  • Crypto payout addresses whitelist
  • No API withdrawals
Liquid Exchange Pros and Cons
Liquid Advantages
  • Has a simple verification process
  • Has a smooth user interface
  • It has many payment options
  • Withdrawals are not limited
  • Liquid supports fiat-based currencies
Liquid Disadvantage
  • The exchange’s customer support is disappointing at times.
Liquid Exchange review summary

Based on our research and observations, we can highly recommend the Liquid Crypto Exchange. The exchange has a good reputation with better rating synergies. It offers easy-to-trade features that help accelerate traders’ crypto buying and selling portfolios.

Whether you are a crypto amateur or old school, Liquid Exchange can be a prosperous trading platform for your success.


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