Liqui is a Ukrainian cryptocurrency exchange that also features savings accounts and intends to offer margin trading and lending in the future. Like most similar venues, trading at Liqui is done via a single account type and there are almost than 200 digital coins available. Besides, Liqui, keeps adding new ones.
As regards Liqui savings accounts, they have 24% annual percent rate (APR), which seems unrealistically high to us. Allegedly, interest is paid every 24 hours, and interest fees are calculated every minute.
Trading instruments (cryptocurrencies)
As we have already mentioned, there are over 190 digital assets available for trade at Liqui against Bitcoin, Ethereum and USDT (USD Tether, a cryptocurrency, backed by real dollars). However, fiat currencies (like USD, EUR, etc.) are not supported by this exchange.
Minimum initial deposit
Liqui does not provide information on the minimum deposit amount. This is more or less typical for crypto-exchanges. As we review mostly forex brokers, we are used to companies stating the minimum investment required to open an account with them. There are, however, some major players like IG that don’t have a required minimum.
Trading on leverage is planned by Liqui, but has not been launched yet. While some traders would probably enjoy such a service, it is not supported by the majority of exchanges, as cryptocurrencies tend to be very volatile. Bycomparison, all forex brokers offer margin trading, including for cryptocurrency CFDs.
Liqui charges “takers” (those who buy/sell from the first available bid/ask) with0.25%. On the other hand, traders who provide liquidity to the exchange by placing their own bids and asks have to pay 0.10% in trading fees. These are relatively competitive commissions, however, many companies don’t charge market makers, and some even give them rebates (HitBTC).
Remove the fact that they do not have any listing on their website regarding their physical office or the name of the people behind the campaign and this would be a very awesome place to exchange. But with this information being withheld it brings down the website’s credibility. I might have missed something but I tried my very best to dig out this information from the internet, but no luck.
The idea of having the “Savings Account” scheme is something new and got me interested. New innovations like this are what fuels people into investing in the cryptocurrency exchange. So is it worth your time? The idea is great, just so much mystery on the location and the people behind it is what really threw me off. As always, do your own research and tread with extreme caution in dealing with this website.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|