LIQNET Exchange Review 2023 - Is It Safe?
LIQNET is a cryptocurrency exchange that was launched in 2018. The platform is designed to provide traders with a secure, fast, and efficient trading experience. The LIQNET exchange operates as a liquidity aggregator, which means that it pools liquidity from a range of different exchanges to provide users with the best possible prices. The platform offers a range of trading features, including spot trading, margin trading, and futures trading. LIQNET is based in Singapore and is open to traders from around the world.
Trading Features
LIQNET offers a range of trading features for its users. The platform provides a user-friendly interface that makes it easy for traders to buy and sell cryptocurrencies. The platform also offers a range of order types, including limit and market orders, as well as stop-loss and take-profit orders. LIQNET's unique feature is its liquidity aggregation, which allows users to access liquidity from a range of different exchanges. This helps to ensure that users get the best possible prices for their trades. The platform also provides real-time market data, charts, and technical analysis tools to help users make informed trading decisions.
Fees
LIQNET charges competitive fees for its trading services. The platform charges a flat 0.25% fee for each trade, which is in line with many other exchanges in the market. However, LIQNET also offers a rebate program for market makers, which allows them to earn a percentage of the trading fees paid by takers. This rebate program can help to reduce trading fees for high-volume traders. Additionally, there are no fees for deposits or withdrawals on the platform.
Security
LIQNET takes security seriously and provides a range of security features to protect its users' accounts and funds. The platform uses two-factor authentication (2FA) to secure user accounts, and also provides users with the option to enable SMS or email alerts for account activity. LIQNET also employs cold storage to store the majority of its users' funds offline, which provides an additional layer of security against hacks and theft. The platform also performs regular security audits to ensure its systems are up-to-date and secure.
Customer Support
LIQNET provides customer support via email, a ticketing system, and a live chat feature on its website. The platform's support team is available 24/7 to assist users with any issues they may encounter on the platform. LIQNET also has an extensive knowledge base with articles and FAQs to help users navigate its platform. Additionally, the platform offers a referral program that rewards users for referring new traders to the platform.
Overall, LIQNET is a solid platform for traders who are interested in buying and selling cryptocurrencies. The platform's liquidity aggregation, low fees, and security features make it an attractive option for traders. LIQNET's customer support and referral program also provide users with additional incentives to use the platform. However, the platform's limited selection of cryptocurrencies may not be suitable for traders who are interested in a wider range of trading options. Nonetheless, for those looking for a secure, fast, and efficient platform to trade cryptocurrencies, LIQNET is a good option.
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