Liquid crypto-fiat exchange offers a huge number of services for traders. The daily trading volume on it is about $ 182 million.
The site was created in January 2014. Three years later, a license was obtained to operate from an inspection body in Japan. The exchange offices are located in countries such as Japan, Singapore, and the United States. At the same time, the Liquid team consists of more than 300 employees. They aim to create an ecosystem that offers traders a high level of security and technology to learn, grow and shape a satisfying financial future.
The site has a choice of five design languages. Also, access to 157 cryptocurrencies and 10 variants of fiat funds is open. There are also 192 exchange pairs.
The pluses also include:
- A referral affiliate program with a reward of 50% of referral commissions;
- Convenient mobile application;
- Two-factor authentication for security;
- Availability of tokenized assets and own currency – QASH;
- Knowledge base with a selection of training materials.
Registration and verification on the liquid crypto exchange
When registering, you need to enter a little more information than usual. The country of residence is selected, the full name specified in the passport, and the password are entered. Then you need to confirm your email address.
Verification is necessary to improve security. It is also needed for access to deposit and withdrawal of funds and trading. Photographs of an identity card, a document confirming residence address, and a trader’s selfie are required for verification in Liquid exchange.
Liquid exchange commissions
- Cryptocurrency replenishment without commission, fiat bank transfer without commission or 0.1%, depending on the bank;
- withdrawal with a fixed commission, for BTC – 0.0007, for fiat 0.10%;
- for takers 0.20%;
- for makers 0.00%.
The trading commission for all types of trading, except for trading in perpetual contracts, is 0% for the maker and 0.30% for the taker. Perpetual contracts are traded at 0% and 0.12%, respectively. These percentages can be significantly reduced by increasing the monthly trading volume and using the exchange token.
Traders can purchase 67 cryptocurrencies using 58 different fiat currencies. For this, a credit or debit card is used.
Security in Liquid exchange
The exchange is well protected since an SSL certificate is used, mechanisms for repelling hacker attacks, and at the same time, 98% of the funds are stored in cold wallets. In addition, the activation of two-factor authentication is required.
The support service works around the clock. You can communicate with employees using online chat and email addresses.
Trading interface
The trading interface is very user-friendly. It contains all the necessary elements: a chart, trading history, and a window for creating orders. There are four options: limit, market, market stop, and trailing stop.
Spot trading is performed using 172 exchange pairs. In turn, only 16 options are available for margin trading.
At the same time, there are two CFDs and two perpetual contracts available: BTC / USD and BTC / JPY. They can be used with a leverage of up to 100x.
Features of the Liquid cryptocurrency exchange
- Traders can trade anywhere and anytime using the created mobile application. It is called Liquid Pro, and you can download it from Google Play and App Store online stores. Using it, you can: enter and withdraw cryptocurrency with fiat funds, trade using all the options described above, view quotes, and change security settings. The application is available in five languages of information design;
- The exchange has its token called QASH. It can be used to trade or reduce trading commissions by 50%;
- The possibility of passive earnings is also available. To do this, you can lend your cryptocurrencies and fiat funds, which will allow you to receive interest on loans daily.
Conclusion
The Liquid service offers many opportunities and assets: fiat, crypto, and tokens. And a good affiliate program. But to understand the conditions of the platform, you need to seriously study the knowledge base. Many points related to using Liquid are described only in it. It seems that the company has given preference to bureaucratic issues to the detriment of the interests of consumers of services.
However, commissions for transactions and operations of replenishment/withdrawal are quite low, and the limits are not too strict. Perhaps, for the sake of this, someone is ready to put up with the long wait for the execution of operations and confusion in the conditions. However, it seems to us that all this demonstrates that Liquid does not reach the level of the pros. In general, this is another middle-level resource that has recently been striving to reach a new level.
