Iquant - 5iquant.org REVIEW, TRADING VOLUME AND PAIRS
In this review, you will learn the features of the cryptocurrency trading exchange Iquant. This small Hong Kong platform offers traders to conduct transactions with the most popular coins. Read on to find out about the most useful advantages of the exchange.
What do we know about the Iquant exchange?
The official website (5iquant.org) started its work in July 2017 in Hong Kong, but, like many other crypto-platforms, it has no license. This is a quite small platform for trading, which is not even included in the list of TOP-50 crypto-exchanges. Its daily turnover is about $48 million, which is quite modest compared to popular and well-known services for trading.
Benefits and drawbacks
• The exchange has its token called IQT. Its price is about $0.01.
• The website is available in three language versions: Chinese, Korean, and English.
• 35 trading pairs are present.
• There is an API for trading automation and a guide for beginners.
• You can use the exchange's website not only through a browser but also using a version for mobile devices.
• The user account has a sufficient level of security, in particular, there is two-factor authentication and pin-code verification for financial transactions.
• The minimum amount of deposit and trade transaction is $1.
• The commission fee for transactions, deposits, and withdrawal is 0.2%.
• Registration will allow you to freely use the website's functionality; there is no mandatory account verification.
The main drawback 5iquant.org the fact that this is a small platform where large traders will closely conduct their work. Besides, it is locally distributed and oriented towards Asian users. The developers think of international development, which can be seen by the existence of the English version of the website.
It is rather difficult for potential traders to form an objective opinion about the exchange, as there are few reviews of Iquant. The website has been in operation since 2017, but it has not yet outgrown the level of a regional crypto-exchange, so it has quite small trading volumes and the number of participants. Generally, this exchange has everything needed for trading cryptocurrencies, but it still does not reach the level of the top market participants and therefore does not withstand competition.