Liquid is a cryptocurrency exchange launched in January 2014. It has offices in Singapore but is actually regulated and licensed by the Japanese FSA (Financial Supervisory Authority). The platform offers trading in a decent number of cryptocurrencies (174 different cryptocurrency trading pairs).
Its subsidiary QUOINE Corporation is also (as of January 2022) registered in Japan as a derivatives company. With such registration, they will now expand their cryptocurrency derivatives trading services to Japanese users.
According to Coinmarketcap.com, daily trading volume averages between $188 million and $200 million.
Investment policy of the exchange
Investors from the United States, as well as from countries such as the republics of the former USSR, including Russia, can only trade in cryptocurrency (and not fiat currency) here. The main reason for excluding these categories of investors from fiat trading is legal. For example, the US legal regime imposes obligations on many companies that accept funds from US investors. Such obligations include, among other things, the preparation of marketing materials in accordance with SEC standards and their registration with the SEC (onerous process).
Commissions and fees
Liquid has an interesting commission option. Takers or buyers pay an average of 0.30% trading fees (or 0.15% if the client pays fees using the exchange’s native token QASH).Since the global industry average is around 0.25%, Liquid’s fees are slightly above the industry average.
However, the liquid exchange does not charge a commission from makers (sellers), which helps to increase liquidity on the exchange. This is a very strong offering for those looking to trade Liquid and can be very useful for traders interested in rolling over existing orders from the order book to another trading day.
Trading fees also decrease as the prior 30-day trading volume reaches certain thresholds, as follows:
Most exchanges charge a flat withdrawal fee when withdrawing a cryptocurrency from an exchange. There is a similar scheme on the Liquid cryptocurrency exchange. They charge a withdrawal fee of 0.0007 BTC (increased from 0.0005 BTC on June 17, 2020) when you withdraw BTC. This fee is quite in line with the current industry average (around 0.0006 BTC).
Trading account replenishment methods
Liquid exchange offers bank transfer as the main deposit method, but the client cannot deposit with a credit card. According to information provided by Liquid, credit card deposits will be available on this trading platform sometime in January-March 2022. You can also replenish your account through a cryptocurrency wallet or P2P payment services.The final note that can complete the liquid exchange review is that this crypto platform is one of the first (if not the very first) crypto exchange to activate FIO deposit addresses. If a client deposits crypto on an exchange, it usually takes a long series of letters and numbers to enter, and it’s easy to make a mistake – a typo in one letter or number in a 40-character deposit address results in a permanent loss of funds.
A FIO deposit address is similar to a regular email address of the type: (hidden) From January 12, 2021, it is possible to register these types of addresses as deposit addresses in Liquid. This is a good method of working with clients, which is offered by the liquid exchange, the reviews of many experts and users confirm that it is very convenient and no less safe.