24H Volume

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Liquid

4 from 2 votes
Singapore

Fees

Taker fee

0.25%

Maker fee

0.25%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Liquid Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Liquid consists of four parts: general information, fees, deposit methods and security.

General Information

Liquid is a Singaporean cryptocurrency exchange that launched in January 2014.

It offers trading in a decent number of cryptocurrencies (162 different trading pairs at the date of writing this review, 29 October 2018).

With respect to liquidity, this is a strong exchange. When listing cryptocurrency exchanges after their 24 hour trading volume, the exchange is on place no. 38 on the date of writing this review. Their 24 hour trading volume was approx. USD 53 million. This is far better than most other cryptocurrency exchanges. Looking at the 30 day trading volume, the exchange is placed even better at the list (top 25), with a 30 day trading volume of approx. USD 3 billion.

US-investors may not trade here. The reason for excluding US-investors are primarily regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors. Such obligations include, inter alia, preparing marketing material in accordance with SEC-standards and registering them with the SEC (a burdensome process). There are however many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.

Liquid Fees

Liquid Trading fees

This exchange charges both takers and makers 0.25% in trading fees. This means that if you are a taker and execute a trade worth USD 100, the exchange takes USD 0.25 from you, but also USD 0.25 from the maker. This fee system is called a “flat fee system”.

0.25% is in line with the global industry average.

Liquid Withdrawal fees

As mentioned above, Liquid’s trading fees are in line with global industry average, but out of the exchanges from Singapore that we list in our Cryptocurrency Exchange List, it is the only one that doesn’t charge any withdrawal fee at all. This means that Liquid – in terms of withdrawal fee charges – is better than each and everyone of the following cryptocurrency exchanges from Singapore: WEX, Coinbene, Triple Dice Exchange, Coinut, COSS, ExcambioRex, Coinhako, FYB-SG, UEX, Cointiger, Kryptono, DragonEX, Coinhub, Tokenomy, Bitrue, Bitbox, ABCC, CRXzone, Bytex and Kyber Network. Good work, Liquid!

Deposit Methods

Liquid offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. However, as Liquid accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.

Security

There are many aspects relevant to consider when determining an exchange’s security. One such aspect is Mozilla’s Observatory-test (https://observatory.mozilla.org/). Liquid only received an F-score in this test. This is actually the most common grade among the exchanges listed in our Cryptocurrency Exchange List, but it does show that there is room for improvement for Liquid.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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