The Liquid is a cryptocurrency exchange founded in January 2014 and is regulated and approved by the Japanese Financial Supervisory Authority (FSA). It has over 800,000 clients and is supported in over a hundred countries. In this article, we will be doing a Liquid exchange review while explaining the various features of Liquid and the advantages and disadvantages of this exchange.
Visit Liquid Detailed SummaryThe liquid is a cryptocurrency exchange that accepts fiat currencies. It provides both fiat and crypto-based trading pairs. Furthermore, it also accepts deposits and purchases in a variety of fiat currencies as well as all supported crypto assets.
Further, It was formed in 2014 as a result of a merger of two exchanges owned by Quoine – Quoinex and Qryptos.
Moreover, it allows margin trading, spot trading and contracts for difference (CFD) trading. This exchange platform supports more than 100 cryptocurrencies and 80 tokens.
Liquid Exchange Liquid Exchange Review: Products EarnLiquid Earn is a tool to earn incentives on your Liquid crypto balance. Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Chainlink, Stellar, Synthetix Network Token, Uniswap, Celsius Network, Dash, Tether, and USD Coin are eligible for payouts.
After signing in, select your preferred cryptocurrency and click “Earn.” As soon as the countdown ends, you will begin collecting benefits, which will be compounded every second.
Earn Upto 13.98% on Liquid Liquid Earn Quick ExchangeQuick Exchange is a Liquid feature that allows for the easy exchange of digital assets and fiat cash. The maximum trading limit is 40,000 USDe, with a minimum limit of 0.05 USDe.
Further, it helps new users to trade without having to navigate to advanced trading dashboards. The liquid executes a Quick Exchange order immediately.
Moreover, with Quick Exchange, Liquid allows you to trade any fiat to any crypto and any crypto to any crypto. However, it does not allow for fiat-to-fiat trade.
Liquid Quick Exchange FIO AddressFIO addresses enhance the usability and efficiency of crypto wallets, exchanges, and payment processors. They also assist users in avoiding typical blunders when transferring and receiving bitcoins. First, sign in and then click on deposits to establish your FIO address. Then select “create an FIO address.”
Liquid LendingThe crypto lending feature allows users to lend their crypto to earn daily interest on margin traders’ loans. Users will earn interest as long as the transactions remain active. When the transactions to which the funds are linked are closed, the funds are refunded to the lender. The “Interest Payment Fee” is 50% of the interest earned, which Liquid collects from the lender anytime interest is credited.
Liquid Lending Margin TradingMargin trading is the practice of utilizing borrowed cash from a broker to trade a financial asset that serves as collateral for the broker’s loan. Crypto-to-crypto trading pairs are not accessible. Furthermore, Liquid’s margin trading offers up to 25 times leverage.
Trade on Leverage at Liquid Liquid Margin Trading Spot TradingLiquid offers spot trading where you receive immediate delivery of assets once your order is successfully executed. Thereafter, you can stake, trade, lend, or withdraw the assets into a hardware wallet.
Further, Liquid supports four advanced order types including, limit, market, stop and trailing stop.
Liquid InfinityIt is a feature on Liquid that allows you to trade Bitcoin CFDs with up to 100x leverage. Liquid Infinity supports two trading pairs: BTC/USD and BTC/JPY. It has a professional trading interface that is suited for experienced traders.
Moreover, you can select from Cross Margin or Isolated Margin. Also, Liquid Infinity is available to all Liquid users outside of Japan.
Liquid Infinity Referral ProgramCopy your referral link from the Liquid referral dashboard. You may then share this link with your friends and your larger network of traders and investors. With this, you can get 30% of your referees’ trading costs whenever they pay trading fees on Liquid. Once every 24 hours, referral money will be deposited to your Liquid account.
These payments will be credited in the currency in which your referee paid the fee. Moreover, it is an excellent technique to get passive income.
Liquid Referral Program Liquid Exchange Review: Mobile AppThis platform has an app called Liquid Pro available on both android and iOS devices. It is easily accessible with a user-friendly interface mechanism along with all its web features present on the app.
Get The Liquid Pro App Now! Liquid Mobile app How to Use Liquid?Trading fees on Liquid depends on a user’s trading volume over the previous 30 days. For instance, a user with a trading volume of less than $10,000 has to pay 0.15% as a taker fee and 0% for the maker fee. Moreover, by paying in QASH, all traders can enjoy a 50% trading fee reduction.
It does not charge a fee for crypto deposits. The withdrawal costs vary based on the cryptocurrency, but crypto withdrawals across Liquid wallets are free. To learn more click here.
Liquid Fees Is Liquid Exchange Safe?Yes, Liquid exchange is safe to use. The platform uses SSL/TLS encryption on the website to offer an extra degree of security and data integrity. On a daily basis, they scan their website for vulnerabilities. To use the platform, all Liquid users must enable 2-factor authentication.
Furthermore, after a password reset, the user will be unable to alter their email address for at least three days. No withdrawals are permitted during a cooling period, which lasts three days after an account setting is updated. This is a precautionary measure to prevent hackers from taking money.
However, the platform suffered a recent hack and lost over $97 million in August 2021. To learn more, watch the video below:
Customer SupportLiquid has an excellent customer care system where the user can get their questions answered in a detailed and simple manner through the support option. In addition to this, if you have any more queries, you can email [email protected].
Liquid Exchange Review: Pros and Cons Liquid Exchange Review: ConclusionThe liquid is an excellent platform with many innovative and exciting features like its Liquid Infinity initiative and the referral program. Its availability in more than 100 countries is an added bonus to its accessibility.
Moreover, Liquid is also among the first crypto exchange platforms to enable FIO addresses.
Furthermore, its variation in forms of trading that are appropriately suited to both beginners and experienced traders makes Liquid very user-friendly and inclusive. However, its margin trading platform is recommended only to experienced traders because it is a very volatile sphere. Lastly, it has a strong security system which makes this exchange platform an overall success.
Visit Liquid Frequently Asked Questions Can you withdraw money from Liquid?Yes, Liquid let users withdraw money both in the form of fiat currency and cryptocurrencies. However, you can withdraw only after your verification.
Is Liquid Infinity supported everywhere?It is supported in all the Liquid listed countries except Japan.
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