Liquid.com Comprehensive Review 2022 - Fees, Pros, and Cons

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Liquid.com is one such platform that is touted to have checked almost every box for an ideal crypto exchange! It comprises everything ranging from advanced trading tools to low fees, and educational content.  Liquid.com also provides users with appealing referral programs where they can earn rewards for inviting others to the platform. The platform is available for both marginal and perpetual contracts. But most importantly, it has a wide range of trading pairs, including crypto-fiat and crypto-crypto pairs.  Thinking of signing up with Liquid.com? If so, this comprehensive review of Liquid.com might come in handy for you! Continue reading as we explore the nuances of Liquid.com and determine if this is the right crypto trading platform for you. 

Pros and Cons of Liquid.com

Reward earning mechanism Unrivaled user experience Great safety and security Access to a wide range of educational resources Low trading fees Margin trading facilityExpensive withdrawal fees Not available for US residents

Liquid.com at a Glance

Official Website  https://www.liquid.com/
Headquarters  Singapore
Founded in  2018
Native token QASH
Number of listed cryptocurrencies  100+
Trading pairs  286
Supported fiat currencies  USD, JPY, EUR, SGD, HKD, and AUD
Minimum deposit NA
Trading fees Taker Fee 0.15% • Maker Fee 0.00%
Withdrawal fees 0.10%
Customer support  Online

[maxbutton id="3" url="https://www.liquid.com/" text="Start trading with Liquid" ]

What Is Liquid.com: Company Overview

Liquid.com is an online crypto exchange platform where one can trade various currency pairs. The platform stands out with its innovative order book known as the World Book. This gives you seamless access to liquidity scores worldwide, helping you find the ideal price match.  Besides that, Liquid.com also provides users with the Liquid Margin functionality. You can use this to trade your assets with a leverage of up to 25 times. In addition, Liquid.com also provides its users with its utility token, QASH, which you can use to pay for services on the platform. However, the coin was rebranded in February 2019 and is now known as Liquid Coin (LQC).  Quoine is the parent company of Liquid.com, with its headquarters based in Tokyo. The platform gets its license from the Japanese Financial Services Agency. Quoine came into being in 2014 with the launch of Quoinex, a trading platform for fiat-to-crypto currency pairs.  Furthermore, the company launched its crypto-to-crypto trading platform called Qryptos in 2017. In only about a year, both the platforms were handling transactions exceeding the value of %50 billion. Then came 2018, when both platforms were merged to form Liquid.com as we know it today. 

Cryptocurrencies Supported in Liquid.com? 

There are several cryptocurrencies you can trade on Liquid.com. According to recent reports, the platform supports over 100+ cryptos. However, some of the most prominent cryptocurrencies you can trade on Liquid.com include:

Bitcoin (BTC) 

Chiliz (CHZ)

Fusion FTX Token (FTT)
Ethereum (ETH) Litecoin (LTC)
NEO Stellar Lumens
Ripple (XRP)  Dogecoin (DOGE) 
Enjin (ENJ) Elrond Gold (EGLD)
Compound (COMP) Ethereum Classic (ETC)
Polkadot (DOT) Dash (DASH)
Electronium Qtum 
Holo (HOT) Chainlink (LINK)
Fantom (FTM) NEM

  In addition, the platform also has a spot for new and upcoming crypto projects with potential, making it a reliable option to sign up for diversifying your portfolio. 

Key Features of Liquid.com     

People using the Liquid.com trading platform can barely get enough of it. Why? Because the platform provides traders and investors with a wide range of features. These features and functionalities play a key role in enhancing their role in helping them trade crypto assets without any issues.  So continue reading to get a better idea of what these features are and how they can benefit you.  

Crypto Margin Trading

The high volatility of the crypto market is a significant concern for many investors. Unfortunately, this is also why many people are still reluctant to get involved with crypto trading. But this should not be a concern with Liquid.com because it is one of those few platforms that provide margin trading options to its traders. This means traders get an opportunity to trade in a volatile market with little risk. How? Liquid.com simply provides traders with margin trading of up to 26 times leverage. Besides that, traders also have the option to lend their cryptos while ensuring they remain aside from the margin trading services. In addition, lending their cryptos will allow traders to earn interest on the same. 

 

Liquidity

There is a reason why this crypto trading platform is called Liquid.com and not anything else. Since the start, the primary focus of Liquid.com has been to maintain sustainable liquidity. This is important because liquidity has been a pressing concern in the crypto trading market. So if you are a pro or novice trader, Liquid.com is the platform, at least in terms of liquidity. Besides the extensive range of liquidity, the platform also comes with World Book. This allows traders to align and match with more trading pairs seamlessly. As a result, you can maintain better knowledge to facilitate successful trading. The order book also supports many cryptocurrencies and other fiat currency pairs. Sources suggest the platform is looking to integrate its World Book with other global exchanges in the market. This will give Liquid.com the much-needed stance to enhance overall liquidity. 

Unmatched User Experience

Of course, there are countless crypto trading platforms available in the market. But you need to acknowledge that crypto trading is a relatively new concept. So everyone is not yet fully comfortable with the complex nuances of crypto trading. This means a better user experience from your crypto-trading platform can make a significant difference.  Keeping that in mind, Liquid.com has created a user interface that provides its users with an unmatched user experience. The distinct features of this interface are ideally suited to cater to the needs of both seasoned and new crypto traders. This is also one of the reasons why Liquid.com is gaining so much popularity among crypto traders. 

Trading Options For Both Beginners And Advanced Traders   

Not everyone is fully acquainted or familiar with the nuances of crypto trading. On the other hand, many have mastered crypto trading and are ready to leverage advanced trading options. Thus, Liquid.com finds the balance between both variants of traders with trading options that cater to their specific needs and requirements. With its reliable user interface, Liquid.com is one of the best crypto trading platforms for beginners. Besides that, that platform even provides a spot trading option for advanced traders. This option comes with more order options and an order book so traders can seamlessly stop or limit their orders.    liquid 

Additional Features of Liquid.com

The offerings from Liquid.com do not just end with its core features. Besides the aforementioned core functionalities, the platform also provides traders with a wide range of features. Some of these additional features and functionalities of Liquid.com include:

  1. Low Trading Fees: Liquid.com is one of the most affordable and budget-friendly crypto trading platforms. The platform charges its fees based on the 30-day trade volume of the trader. The highest fee amount you can expect from Liquid.com is just 0.30% which is the best rate other well-known crypto trading platforms offer. Besides, if you pay with its native crypto QASH, you automatically get a discount of 50% on the fees. 
  2. Rewards With The Lending Program: The next significant flex of Liquid.com is its Liquid Earn program. This functionality allows traders to earn rewards on over a dozen cryptos. Even the procedure for making rewards on your cryptocurrencies is relatively simple. You must deposit cryptos in your Liquid.com account and use the same asset with Liquid Earn. This simple procedure will allow you to earn rewards on your crypto investments with no hassle. 
  3. Unmatched Security Features: The crypto industry has long suffered due to the wrongdoings of hackers and fraudsters. But this will not be a concern with Liquid.com as the platform has some of the best security features in the market. For instance, the two-factor authentication (2FA) that traders need to access or withdraw their funds and cryptos. Besides that, Liquid.com stores 98% of traders' crypto assets in safe offline or cold storage. Thus, hackers and fraudsters can never access and steal funds.               
  4. Access to Educational Resources: One of the biggest challenges people face when investing in crypto markets is the lack of appropriate knowledge. Consequently, many beginners lose interest in failing to navigate through the crypto market. However, that will not be an issue with Liquid.com because the platform provides seamless access to a wide range of educational resources. There is this special functionality called the liquid blog, where you can get all the necessary resources to understand the crypto market better. You can even leverage the Liquid Academy to view articles and keep yourself updated with all the latest crypto-related news. 
  5. Accepts Many Payment Methods: One of the best things about Liquid.com is the platform accepts payments in many fiat currencies. This makes it much easier to deposit funds using many prevalent fiat currencies. Some of these currencies include US dollars (USD), Singapore dollars (SGD), Japanese yen (JPY), Euros (EUR), Philippine Peso (PHP), and Australian dollars (AUD). Users need to link their bank accounts with the platform to deposit their funds. You can use different payment processors based on the currency you use. For instance, SBI Japan can be used for JPY, EUR users can use UAB Mistertango, and others can use Swapforex. 
  6. Mobile Application: These days, most people use their smartphones rather than computers. Thus, it is only natural they will want to use a crypto trading platform that can be accessed through their mobile phones. Keeping that in mind, Liquid came up with a dedicated mobile application called Liquid Pro App. The mobile app has all the features and functionalities of the trading platform. Thus, people without a desktop or laptop can seamlessly trade their cryptocurrencies. Besides that, this allows you to monitor your cryptocurrencies even on the go.   

Trading Experience 

Basic Trading With Liquid.com

Regarding its account offering, Liquid.com provides its users with two different trading models. The Basic trading model with Liquid.com sticks to the basics of crypto trading, providing beginners with all the required tools and functionalities to carry out everyday trade.  The ‘Basic’ trading experience features include regular charting tools, educational tools, and access to limited charts. In a nutshell, the basic trading mechanism is meant to simplify everyday trading for beginners. Therefore, once you have the expertise, the platform allows users to switch to the advanced trading version. 

Advanced Trading With Liquid.com

As the name suggests, the advanced trading version is a more premium trading experience at Liquid.com and offers more tools and resources to the users.  For instance, users signing up to the advanced trading version of Liquid.com can access up to 25x leverage on Bitcoin CFDs and a powerful API backed by the platform’s proprietary multi-market order technology.  Besides, the advanced version also reduces the fees per trade while introducing seasoned traders to spot trading. These features give you an edge over the basic platform, allowing you to execute trading strategies more effectively.

Fee Structure of Liquid.com

The Liquid crypto exchange charges the fees compared to most other crypto exchanges in the market. This is because the platform charges its fees based on the monthly trading volume of the trader. Besides, one can even avail of discounts of 50% if they use Liquid’s native crypto QASH. The platform will charge a 0.3% maker-taker fee if your order is not filled with an existing order immediately. Consequently, the taker fee is charged if the order is filled. Furthermore, keep in mind that the platform will give you a 50% discount on the fees mentioned above if you use QASH to pay. In addition, the platform charges you differently on perpetual futures. Fees are generally marked at a maximum taker fee of 0.12%. On the contrary, Liquid.com charges 0.00% maker fees on perpetual futures markets, going down to discounted prices for larger trading volumes.  Nonetheless, without any discounts, the default fee structure of the platform looks something like: 

Trading Level 30 Days Trading Volume in USD Taker Maker
0 Less than or equal to 0 0.1500% 0.0000%
1 Less than or equal to 10000 0.1450% 0.1450%
2 Less than or equal to 20000 0.1400% 0.1400%
3 Less than or equal to 50000 0.1300% 0.1300%
4 Less than or equal to 100000 0.0800% 0.0800%
5 Less than or equal to 1 million 0.0400% 0.0400%
6 Less than or equal to 5 million 0.0600% 0.0350%
7 Less than or equal to 10 million 0.0500% 0.0250%
8 Less than or equal to 25 million 0.0450% 0.0000%
9 Less than or equal to 50 million 0.0400% 0.0000%
10 Less than or equal to 100 million 0.0350% 0.0000%
11 Less than or equal to 200 million 0.0300% 0.0000%

 

Just like every other crypto trading platform, even liquid charges a withdrawal fee from traders. For example, if traders withdraw their funds in USD, they will need to pay a fee of just 10% on the withdrawal amount. However, the withdrawal fee for cryptocurrencies depends on the type of cryptocurrency.    

How Secure is Liquid.com?

Liquid.com is a crypto exchange you can rely on to keep your cryptos safe. The platform leverages some of the most effective security features to ensure you have a safe and secure crypto trading experience. Besides, all your information and credentials are safe with Liquid.com. 

Asset Protection With Liquid.com

  • Cold Storage: With increasing frauds in the crypto world, Liquid.com stores 98% of its trader's cryptos in cold storage. As a result, the storage is not connected to the internet, making it almost impossible for others to access your crypto assets. 
  • Multisignature: The multi-signature technology is another security measure Liquid.com takes to ensure your safety. Every time you transfer or withdraw your funds, you will need to provide your private key multiple times. As a result, you need not worry about single-point failure.

Protection Of Your Account

  • Cooling Period: This is probably the unique aspect of Liquid.com. The platform requires users to adhere to a cooling period of 3 days in case there have been any changes to the account.     
  • Two-Factor Authentication (2FA): Liquid.com mandates 2FA every time you need to take significant action. This means if you are trying to withdraw funds, you will need your password and a code sent to your phone. 
  • Email Updates: Liquid.com provides its users with regular email updates to confirm their IP address at all times. This way, you can be updated if there is any case of unauthorized access to your account.   

How to Open An Account On Liquid

Registering into a crypto trading platform is one of the most significant issues bothering crypto traders. Fortunately, no such hassle will bother you when trading with Liquid.com. The registration process on this platform is as simple as it gets.  Step1: Access the Liquid.com website through your web browser or access the Liquid Pro mobile application.  Step 2: The platform will take you to the registration page  Step 3: Enter all necessary details and fill up the necessary fields. Step 4: Turn on the 2FA for added security. Step 5: Link your bank account or any other mode of payment based on your preferences Step 6: Deposit the funds and start trading cryptos in no time.      

Customer Satisfaction

Many people from various countries are now using Liquid.com to trade cryptocurrencies. In most cases, the feedback from users and customers has been very positive. People have been saying many great things about the platform this year. However, the most notable appreciation came from the unmatched user experience offered by Liquid.com.  Other than that, people appreciated the seamless access to educational resources that made crypto trading much more accessible. However, there have also been a few negative feedbacks from users, primarily due to the lack of a customer call center and lack of data on license. But when you take an overall view of Liquid.com, customer reviews have mostly been positive.  

Liquid.com Vs. Competition

Liquid.com has earned an extensive reputation for ensuring its users enjoy an unmatched crypto trading experience. However, Liquid.com is not the only one in the crypto trading scenario, as there are probably thousands more platforms offering similar services. So given this many alternatives, it is natural to have doubts in one's mind. Thus, do away with this doubt with the following comparison between liquid and one of its most prominent competitors BitMart.

Liquid.com Vs. Bitmart

Given the offerings people look for in a conventional crypto exchange, both Liquid.com and Bitmart has garnered many users over time. Nonetheless, let's check out the comparison between both these platforms.  

Areas  Liquid.com BitMart
Founding Year 2018 2018
Headquarters Singapore Cayman Islands
Type  Centralized Singapore
Languages English, Japanese, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish English Japanese, Spanish, Korean, Traditional Chinese, Simplified Chinese, Vietnamese
Mobile app iOS and Android iOS and Android
Fees Crypto-fiat - 0% Crypto-crypto - 0.15% Trading fee 0.05% Maker 0.2500% and Taker 0.2500% 
Trading Volume 11,927,756.0 424,500,917.0
Trading Pairs 286 183
Security 2FA 2FA

[maxbutton id="3" url="https://www.liquid.com/" text="Start trading with Liquid" ]

Given this small yet insightful overview, it is safe to say that both Liquid.com and BitMart have some of the most exceptional offerings for crypto traders. However, further analysis shows that Liquid.com takes precedence over BitMart in several areas, such as tracking pairs and token selection. 

Final Verdict

Liquid.com is undoubtedly one of the best crypto trading platforms in the market. But diving deep into the offerings of many other crypto trading platforms gives us a deeper insight into the offerings of this platform. Thus, this insight gave us an understanding of some of the good and bad aspects of Liquid.com. So let’s check them out. 

Should You Consider Using Liquid.com?

  1. Ability To Earn Rewards: The Liquid Earn program from the Liquid.com platform is one of its most unique characteristics. This feature allows users to earn rewards on numerous cryptos after they are done registering their accounts. 
  2. Educational Resources: The other great thing about Liquid.com is it provides users with seamless access to a wide range of educational resources. These resources are ideally curated to help one learn everything about crypto-trading. As a result, it becomes much easier for beginners and amateurs to get started with crypto trading and generate passive income.
  3. Unmatched Security: Liquid.com leverages many advanced security features that make crypto trading much safer and secure for all. The platform stores 98% of its crypto assets in cold storage, keeping them safe from hackers. Besides, you also get the 2FA which is ideal for restricting unauthorized access to the platform. 
  4. Lower Trading Fees: The other great thing about trading on Liquid.com is the low fees. Besides charging low fees from traders, the platform also offers a 50% discount every time you use QASH, which is the native cryptocurrency of Liquid.com. Nonetheless, the highest fee structure of this platform is just 0.30%.
  5. Margin Trading: Liquid.com is one of the few crypto platforms that provides margin trading functionality. The platform offers up to 25 times leverage, so you can always benefit from it with a proper understanding of the crypto market.

Shortcomings Of Liquid.com

  1. Expensive Withdrawal Fees: Compared to most other crypto trading platforms in the market, Liquid.com charges a relatively higher withdrawal charge. In most cases, the platform can charge a withdrawal fee of about 0.10% on conventional fiat currencies. 
  2. Unavailable to Investors From the US: The other notable drawback of Liquid.com is that it is not available for US residents. Many other crypto trading platforms offer at least a separate platform for US citizens. Unfortunately, that is not the case with Liquid.com.    

Overall, Liquid.com is a great crypto trading platform for users, but of course, there are some areas where the platform could benefit from some enhancements. But with those shortcomings aside, you are fully safe to trade your cryptocurrencies on Liquid.com without any second thought. 

FAQs

Q1. Is Liquid.com safe?

A - Yes, Liquid.com is safe as the platform takes security measures to ensure you have a safe crypto trading experience. Liquid.com stores 98% of its crypto assets in cold assets and also leverages two-factor authentication 2FA for better security. Thus, trading with Liquid.com is as safe as it can get. 

Q2. Is there any hassle in withdrawing funds from Liquid.com?

A - In most cases, there is no hassle in withdrawing funds from your Liquid accounts. However, the platform has many security measures in place that can often require some time to withdraw funds. But one has to understand these security features are good for the traders.

Q3. How legitimate is Liquid.com?

A - Liquid.com is a legitimate crypto exchange platform, and there is no room for raising fingers about its legitimacy. The platform is licensed and regulated by the Japan Financial Services Agency, so you need not worry about its legitimacy. 

Q4. Can I buy Bitcoins on Liquid.com?

A - Yes, you can seamlessly purchase Bitcoin and many other cryptocurrencies from Liquid.com. All you need to do is complete the registration process, deposit funds, and purchase the cryptocurrencies of your choice.  

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