Liqui Exchange: The Complete Guide to Trading, Buying, and Selling Cryptocurrencies on Liqui

Liqui Exchange: A Comprehensive Review

Liqui Exchange, despite not being as well-known as some of its competitors, has gained recognition within the crypto community. Although the exchange was officially closed in 2019, it had made an impact in the field of cryptocurrency exchanges. This article provides a comprehensive review of the Liqui Exchange, detailing its features, history, and operations.

A Brief History of Liqui Exchange

Liqui was launched in 2016 and was based in Kyiv, Ukraine. The platform was created with the aim of providing a user-friendly interface for trading a variety of cryptocurrencies. Liqui was popular among traders for its listing of relatively new and less-known cryptocurrencies that were not available on larger platforms.

Features and Services

During its active years, Liqui offered a number of notable features and services. Some of these included:

• User-friendly Interface: Liqui was known for its intuitive and easy-to-use platform, which was ideal for beginners.
• Wide Range of Cryptocurrencies: Liqui listed many new and less-known cryptocurrencies, giving traders a broad selection of assets.
• Trading Services: Liqui offered spot trading and, for a period, it also provided margin trading.

Fees and Limits

Liqui implemented a flat fee structure of 0.25% for both takers and makers, which was slightly above the industry average at the time. As for withdrawal fees, they were dynamically adjusted based on the specific cryptocurrency's network conditions.

The Closure of Liqui Exchange

In early 2019, Liqui announced its closure due to lack of liquidity. The exchange stated in a public notice:

"Unfortunately, we do not see any economic point in providing you with our services. However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that."

Legacy and Lessons

Though Liqui's journey ended prematurely, the exchange left a significant impact on the crypto landscape. Its closure underscores the volatile nature of the cryptocurrency market and highlights the importance of financial sustainability for crypto exchanges. Liqui's story serves as a lesson to other exchanges about the need for robust financial management and adaptability in the face of market shifts.

Alternatives to Liqui

Since the closure of Liqui, other exchanges have filled the void left by its departure. Some of these include Binance, Kraken, and Bitfinex, which offer a wide range of cryptocurrencies and advanced trading features.