Since its inception in 2014, the company has offered outstanding services in the area of cryptocurrency-fiat swaps. The firm’s parent company, Quoine, is headquartered in Tokyo, Japan. As a virtual exchange platform, it received a formal license from the Japan Financial Services Agency in 2017.
Features of Liquid
The cryptocurrency market is very competitive. Liquid as a company has to concentrate on enhancing its features for improved client satisfaction and service. As a result, innovative advancements in crypto exchange procedures were made, giving the company a market edge. Some of Liquid’s key characteristics are as follows:
- A superb trading environment that allows the exchange of a huge variety of cryptocurrencies (bitcoin, Ethereum et cetera).
- New security techniques.
- Fantastic fintech invention.
- Trading strategies.
- Excellent interactive interface for skilled traders with real-time price charts and analytical tools.
- Greater Liquidity and financial control.
- A website that is simple to use and provides the greatest information mining capabilities.
- Easy search and surfing.
Services of Liquid
As a productive bitcoin trading platform, Liquid has grown. The organization’s main offering is a platform for buying, selling, or exchanging cryptocurrencies like Bitcoin and Ethereum with or without fiat currency. Additionally, it permits spot trading on cryptocurrencies and margin trading in various contexts and markets. The majority of traders in the present market environment want to make money as they trade, and Liquid Earn is an excellent tool that enables traders to do just that. The most recent service to be added to its service offering is the “buy and swap” option. Customers and merchants may now purchase or exchange cryptocurrencies with a single touch thanks to this.
Fees of Liquid
The fee structure created by Liquid is efficient since it contributes to lowering trading costs for more interaction with traders and clients. Depending on the user’s trading volume, different trading fees are assessed. The company does not charge trading fees for transactions made using QASH. To strengthen its connection with its dealers, it also provides referral discounts. A cost of around 0.3% is charged by Liquid, however, it is adjusted based on trade volume. Additionally, the trading site waives fees for users that transact less than $10,000 every month. Although deposits and withdrawals are often free, a small fee of 0.10% is applied to fiat transactions. The liquid is also aware of the significance of minimal withdrawal fees for cryptocurrencies. Ethereum withdrawal presently costs around 0.01ETH and costs about 0.0007BTC for bitcoin. Different payment options are accepted by Liquid. It accepts payments made using credit cards and bank deposits, however, these methods may incur extra fees.
Methods for Liquid deposits
Wire transfers are supported by Liquid. Credit card deposits are not accepted. The liquid is a platform that supports FIO deposit addresses. Typically, depositing cryptocurrency onto an exchange entails entering a seemingly endless string of numbers and characters. One cannot completely rule out the chance of forgetting a number or entering data incorrectly. A typo in a deposit address of forty characters might send the cryptocurrency to the incorrect destination. Customers started registering their FIO deposit address on January 13, 2021. This solves these issues and makes it easier to process deposits safely and without hassle, much like an email address.
Methods for withdrawing on Liquid
Withdrawals from cryptocurrencies are often time-consuming. Therefore, it is wise to do an extensive study before making a trading decision. Fiat withdrawals may take up to three working days, while requests for digital assets may take up to two working days.
Liquid-supported currencies and countries
Liquid accepts a variety of fiat currencies and cryptocurrencies to compete with some of the big brands in the industry. USD, EUR, JPY, AUD, and HKD are the accepted fiat currencies. The cryptocurrencies that are accepted include LTC, XRP, IOTA, XTC, BTC, and ETH. With a few notable exceptions, Liquid is accessible in many nations. The USA, the Bahamas, Somalia, Iran, Jamaica, the Democratic Republic of Korea, and a few more countries do not have access to it.
Security of Liquid
To properly serve traders, every crypto trading platform must do a security threat analysis. To improve the service quality, Liquid uses correctly layered security channels. The following are some of the key elements of Liquid security:
- Two-factor identification (mobile authentication through OTP)
- MPC technology and the cold wallet
- Safekeeping
- Whitelisting of IP
- Incidental reaction
Liquid support for customers
The digital help section provided by Liquid is very user-friendly and packed with articles that address commonly asked concerns. If that is ineffective, they also provide email assistance, which often responds to questions within a few hours. Reviews indicate that trading on Liquid is often a positive experience. The fact that lesser altcoins don’t perform as well as the more established cryptocurrency is one of the few often voiced worries. Through its academy, the organization also prioritizes education. Traders may also get the efficient email, phone, and virtual help. The platform has received positive feedback from customers so far.
