Liquid 2025 Review: Everything You Need to Know
Liquid has established itself as a prominent player in the cryptocurrency exchange market since its inception in 2014. However, recent reviews indicate a mixed reputation, with both positive features and notable concerns regarding its operations and user experiences. This review synthesizes insights from various sources to provide a comprehensive overview of Liquid, highlighting its key features, advantages, and potential pitfalls for traders.
Note: It's important to recognize that Liquid operates under different entities in various regions, which may impact user experiences and regulatory compliance. This review aims to present a fair and accurate assessment based on the latest information available.
Ratings Overview
We assess brokers based on user feedback, expert opinions, and operational transparency.
Broker Overview
Liquid, formerly known as Quoine, was founded in 2014 and is headquartered in Tokyo, Japan. It operates as a cryptocurrency exchange regulated by the Japanese Financial Services Agency (FSA). Liquid offers a proprietary trading platform that supports a wide range of cryptocurrencies and fiat currencies, making it accessible for both novice and experienced traders. The platform provides various trading options, including spot trading, margin trading, and perpetual contracts, with leverage up to 100x for certain products.
Detailed Insights
Regulatory Regions
Liquid is primarily regulated in Japan, which adds a layer of credibility to its operations. However, it is important to note that Liquid does not allow trading for residents in the United States and several other countries due to regulatory restrictions.
Deposit/Withdrawal Currencies
Liquid supports multiple fiat currencies, including USD, EUR, JPY, and SGD, alongside a variety of cryptocurrencies. The platform does not impose a minimum deposit requirement, making it accessible for new traders. However, users have reported that fiat withdrawals can take up to three business days, which may be considered slow compared to other exchanges.
Minimum Deposit
Liquid's minimum deposit is set at $1, which is favorable for new traders looking to enter the cryptocurrency market without significant financial commitment.
Currently, Liquid does not offer any promotional bonuses or incentives, which could be a drawback for users seeking additional value from their trading experience.
Tradable Asset Categories
Liquid provides access to a wide array of cryptocurrencies, including major assets like Bitcoin, Ethereum, and various altcoins. The platform supports both crypto-to-crypto and fiat-to-crypto trading pairs, which enhances its versatility for traders.
Costs (Spreads, Fees, Commissions)
Liquid employs a tiered fee structure based on a user's trading volume. The trading fees range from 0.00% for makers to 0.30% for takers, which is competitive within the industry. However, some users have expressed concerns about withdrawal fees and the lack of a transparent fee structure for certain transactions.
Leverage
Liquid offers leverage of up to 25x for margin trading and 100x for perpetual contracts, which can amplify both potential gains and risks for traders. This feature is particularly attractive for experienced traders, but it may pose significant risks for novices.
Liquid operates on its proprietary trading platform, which is designed to cater to various trading styles. The platform is accessible via desktop and mobile devices, ensuring that traders can manage their accounts on the go.
Restricted Regions
As noted, Liquid does not permit trading for residents of the United States and several other jurisdictions, which may limit its accessibility for a broader audience.
Available Customer Support Languages
Liquid provides customer support primarily in English, with options for email and live chat. However, users have reported that customer service can be slow to respond, particularly during peak trading hours.
Final Ratings Overview
Detailed Breakdown
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Account Conditions: Liquid offers a low minimum deposit and a variety of trading options, but the lack of bonuses and slow withdrawal times can detract from the overall experience.
Tools and Resources: The proprietary platform is user-friendly and includes educational resources, but some users may find it lacking advanced features compared to competitors.
Customer Service and Support: While Liquid provides multiple support channels, the responsiveness of customer service has been a common complaint among users.
Trading Setup (Experience): The trading experience is generally positive, but the platform's complexity may not be ideal for absolute beginners.
Trustworthiness: Liquid is regulated by the FSA, which adds credibility, but concerns about user experiences and transparency remain.
User Experience: Overall, users report a satisfactory experience, but issues with customer support and withdrawal processes can lead to frustration.
In conclusion, the Liquid review indicates that while the platform has many attractive features, potential users should carefully consider the pros and cons before trading. The lack of bonuses, potential withdrawal delays, and customer service challenges could impact the overall trading experience.
