Liquid cryptocurrency exchange and trading platform
What is Liquid
The term “Liquid” refers to Liquid.com, a cryptocurrency exchange and trading platform. It was introduced in 2018 by a Japanese blockchain firm called Quoine with the intention of giving consumers and institutions a safe and effective way to purchase and sell a variety of cryptocurrencies.
Spot trading, margin trading, futures trading, and lending are just a few of the services that Liquid.com provides. Additionally, it offers a cryptocurrency wallet for storing digital assets as well as a variety of analytical tools and trading tools to support users in making smart trading choices.
The great liquidity, quick transaction times, and inexpensive trading costs of liquid.com are well known. Also, a variety of trading pairs, such as fiat-to-crypto and crypto-to-crypto pairs, are available, making it simple for users to purchase and sell cryptocurrencies.
Liquid.com is a well-known cryptocurrency exchange and trading platform that provides a variety of features and services to fulfill the needs of both inexperienced and seasoned cryptocurrency traders.
The history of Liquid
The cryptocurrency trading and exchange platform Liquid was introduced in 2018 by the Japanese blockchain firm Quoine. Mike Kayamori and Mario Gomez-Lozada established the business in 2014 with the initial goal of creating a blockchain-based platform for forex traders.
Quoine held an initial coin offering (ICO) in 2017 to acquire money for the creation of its platform for trading cryptocurrencies. One of the biggest initial coin offerings (ICOs) at the time, the ICO raised over $100 million.
Liquid.com, a cryptocurrency exchange and trading platform that provides a variety of services such spot trading, margin trading, futures trading, and lending, was officially launched by Quoine in September 2018. High liquidity, quick transaction times, and inexpensive trading costs are hallmarks of the platform.
Since its debut, Liquid.com has developed and increased the range of products it offers. Liquid Infinity, a tool that enables users to trade perpetual contracts with up to 100x leverage, was introduced by the company in 2019. Later that year, Liquid Pro, a mobile trading program that enables users to trade cryptocurrencies while on the go, was also released.
Liquid.com, a cryptocurrency exchange and trading platform that provides a variety of services such spot trading, margin trading, futures trading, and lending, was officially launched by Quoine in September 2018. High liquidity, quick transaction times, and inexpensive trading costs are hallmarks of the platform.
Since its debut, Liquid.com has developed and increased the range of products it offers. Liquid Infinity, a tool that enables users to trade perpetual contracts with up to 100x leverage, was introduced by the company in 2019. Later that year, Liquid Pro, a mobile trading program that enables users to trade cryptocurrencies while on the go, was also released.
How Liquid works
Here’s how it works:
- To use Liquid, users must first sign up and create an account on the platform. This involves providing some personal information and completing a verification process to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations.
- Once the account is set up, users can deposit funds into their account using a variety of payment methods, including bank transfers, credit/debit cards, and cryptocurrencies.
- With money in their account, users can use the platform’s different trading capabilities, such as spot trading, margin trading, and futures trading, to buy, sell, and trade cryptocurrencies. A variety of trading pairs are available on Liquid, including fiat-to-crypto and crypto-to-crypto pairs.
- When consumers are ready to withdraw their money after finishing their trades, they can do so by utilizing the same payment methods that they used to put money into their account in the first place.
Liquid also offers additional features and services, including a cryptocurrency wallet for storing digital assets, lending and borrowing services, and trading tools and analytics to help users make informed trading decisions. The platform is known for its high liquidity, fast transaction speeds, and low trading fees.
Does Liquid charge a fee
Liquid does really charge for its services. For several kinds of transactions, such as trading, deposits, and withdrawals, the platform levies fees. Depending on the type of transaction, the currency exchanged, and the user’s trading volume, the fee structure may change.
Depending on the user’s trading volume, Liquid assesses a trading fee for spot trading that ranges from 0% to 0.15%. Depending on the volume of trades and the amount of leverage applied, the trading cost for margin trading might range from 0.05% to 0.25% each day.
The use of the payment method will determine the deposit costs, and the currency and withdrawal amount will determine the withdrawal fees. Users should carefully check the fees before utilizing the platform to make sure they understand the costs associated. Liquid’s charge schedule may be seen on its website.
Comparing Liquid to other cryptocurrency exchanges, its cost structure is generally regarded as competitive, and the platform is renowned for its low trading fees and great liquidity.