• Home
  • Finance
  • 3 “Best” Exchanges to Buy Liquidity (LQTY) Instantly

3 “Best” Exchanges to Buy Liquidity (LQTY) Instantly

By on January 28, 2022 0

Liquity operates as a DeFi platform, built on top of the Ethereum network. With a focus on borrowing features, Liquity offers users the ability to use ETH as collateral to take out loans. Liquity notes that due to its decentralized structure, the platform is not only noncustodial, but immutable and governanceless.

Liquity boasts of offering the “best borrowing terms in the market” due to the following advantages.

  • 0% interest rate
  • 110% guaranteed rate
  • Censorship resistant
  • Reimbursable directly
  • Free governance

Throughout the borrowing process, Liquity uses its own token called “LQTY”. These utility tokens are used to pay for all fees and can be obtained through various exchanges.

For those looking to take advantage of Liquity’s offerings, the company lists two ways users can earn money. Earn LQTY by depositing LUSD (stablecoin) in a ‘stability pool’, or stake LQTY to earn income from loan issuance and repayment fees. LQTY tokens have a hardcap of 100M and do NOT function as governance tokens.

As Liquity operates as a decentralized protocol, the platform functions are automated. Liquity notes that the protocol code has been checked by Trail of Bits and a Coinspect.

We list the 3 main exchanges that offer the possibility to buy liquidity (LQTY) cryptocurrency with a credit card, debit card or bitcoin (BTC).

Coinbase is a publicly traded crypto exchange listed on NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from over 100 countries, including Australia, Canada, Singapore, and the United Kingdom.

Over $460 billion in volume has been traded by over 70 million users on Coinbase. Security is a key feature, with 98% of customer funds stored in secure offline storage. The platform is simple to use and is available on desktop, Android and iOS, offering trading opportunities in over 140 cryptocurrencies including Liquity (LQTY).

This exchange currently accepts US residents outside Hawaii.

Read our Coinbase review or visit Coinbase.

Founded in 2013, Huobi Global has since grown into one of the largest digital asset exchanges in the world, with a cumulative trading volume of US$1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves over 5 million users in more than 130 countries around the world. It should be noted that Huobi Global currently does not accept residents of the United States or Canada.

Huobi Global is one of the leading exchanges that currently offers Liquity (LQTY) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.

Uniswap is a decentralized exchange (DEX) for trading tokens, which uses an automated market maker (AMM) model that allows users to trade against a pool of liquidity. While this is obviously a good option to buy Liquity (LQTY), we only recommend this platform for advanced users. Due to the fact that this exchange is decentralized, you are responsible for any loss due to errors made.

Learning to use decentralized exchanges is not for the faint of heart. We recommend coinbase.com rather.

  Finance