Liqui Cryptocurrency Exchange Review (2020)

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Launched in 2016, Liqui operates out of KievUkraine and is not regulated. This, of course, may bring a bit of worry, but the majority of the companies in the crypto-world are neither licensed, nor overseen by any authority. On the one hand, this is due to the fact that Bitcoin is a relative newcomer in the world of finance, but on the other, digital coins and related services are recently attracting billions of dollars. Therefore, authorities across the globe seek ways to regulate ICOs, crrypto-exhanges and the like.

Recently, there has been a new law proposed in Ukraine that would bring the local cryptocurrency ecosystem under the oversight of the country’s central bank. Yet, currently crypto-exchanges in the country are not under the oversight of any government agency. 

That is why doing your due dilligence check before depositing any money or coins is a must for every crypto investor. We went through numerous negative reviews on Liqui. Some of the common problems users of this exchange have experienced are delayed or blocked deposits/withdrawals, non-responsive customer support, slow and laggy platform, salty withdrawal fees. In fact, most of the users directly accuse Liqui of being a scam.

Some of Liqui’s clients have reported that their accounts have been hacked, but remains unclear whether this is the case, or this has been done by some of the exchange’s team members, as some suggest. Either way, Liqui seems a bit shady, although it is rated 28th in terms of 24 hour trading volume at the time of writing of this review. That puts Liqui in between exchanges like BitBay and Cryptopia.

 

If you’d rather trade in cryptocurrencies with a properly licensed entity, you can also do that with a forex broker. Keep in mind that it is different from trading on a crypt-exchange.

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