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LBank Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
LBank logo
3.11
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit LBank

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

LBank appeals to a broad audience with its selection of cryptocurrencies and advanced trading products; multiple market support and competitive fees and customer service that enhance trading experiences make LBank an appealing option for users worldwide.

LBank offers an adaptable and dynamic exchange platform. From traditional crypto pairs to altcoin trading opportunities, you will find LBank an indispensable partner.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide range of cryptocurrencies
  • Offers advanced trading options
  • Competitive trading fees
  • Staking opportunities available
  • API support for automated trading

Cons

  • Not widely regulated
  • Complex interface for beginners
  • Limited fiat currency support
  • Customer support can be slow
  • No built-in wallet service

Quick Summary

Headquarters Location International
Fiat Currencies Supported (through third party apps) USD, AUD, GBP, CAD, EUR, NZD + 140 others
Total Supported Cryptocurrencies 611+
Trading Fees 0.10%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Paypal, Apple Pay, Google Pay, Banxa, Xanpool, MoonPay, Mercuryo, Simplex, Paxful, Conify
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

LBank Review stands out in the crypto exchange world with an array of trading options and an international user base. In this review we investigate LBank in depth to give insight into what traders can expect when using its platform.

LBank homepage

LBank Review stands out among a host of crypto exchanges by offering an innovative combination of features that appeal to a broad clientele. LBank’s success can be attributed to its flexibility and responsiveness in meeting changing market needs – thus keeping LBank relevant and competitive within this fast-paced environment of cryptocurrency trading.

Expansion of services and adaptation to user feedback demonstrate an exchange’s commitment to improving trading experiences for all its customers.

About LBank

LBank is an established cryptocurrency exchange founded by Eric He, that has quickly made waves in the digital asset space since its introduction. Renowned for focusing on Asian markets while providing services globally, this platform stands out as an innovative player in this space.

The company has made itself a name by creating an accessible trading platform designed for novice and veteran traders alike, featuring various cryptocurrencies.

LBank features

Since its creation, LBank has weathered the volatile waves of the cryptocurrency market with ease, adapting to increasing interest in digital assets and changing regulatory environments. They have witnessed first-hand its rapid maturity from relative obscurity to prominence within global financial discourse.

Eric He has led LBank through these transitions with his vision, often serving as a bridge between traditional financial products and crypto assets. LBank’s journey parallels that of crypto markets within Asia as well as globally; reflecting an ever-increasing appetite for various cryptocurrencies.

LBank has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

LBank has a mobile app on both the Apple App Store and Google Play.

LBank Supported Cryptocurrencies

LBank supports trading on over 611 cryptocurrencies on their platform. This exchange currently supports 27 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Uniswap (UNI)
  • Kaspa (KAS)
  • Internet Computer (ICP)
  • Pepe (PEPE)
  • Ethereum Classic (ETC)
  • Artificial Superintelligence Alliance (FET)
  • Aptos (APT)
  • Stellar (XLM)
  • Monero (XMR)

Download full list of cryptocurrencies LBank supports

Trading Experience

LBank provides an intuitive trading experience tailored to both newcomers and advanced traders alike. The platform’s intuitive interface provides easy navigation between various trading pairs and markets while providing sophisticated chart trading tools for in-depth analysis.

LBank offers an engaging trading experience designed with users’ journey in mind. Beyond spot trading, its platform provides access to advanced products like Derivatives trading for advanced traders – meeting their needs while catering for spot traders as well.

LBank has taken advantage of the depth of crypto markets to offer an expansive menu of trading options, from high volume cryptocurrency pairs trading to exploring emerging assets. For users, this provides an elegant yet accessible trading environment.

LBank exchange marketing

LBank Fees

LBank offers a competitive trading fees structure designed to accommodate traders of all volumes. While specific numbers cannot be provided here, our tiered fee system reflects users’ activity by rewarding more active traders with lower fees.

LBank offers traders an advantage in cryptocurrency trading where margins can have a dramatic effect on profits, thanks to their flexible fee structure and competitive trading fees designed to enhance the trading experience without burdensome costs; helping them capitalize on market movements.

Tiered fee structure at the exchange demonstrates their dedication to creating an accessible trading environment while upholding transaction cost efficiency.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.10%
Withdrawal Fee (Bank Transfer) 0%

LBank supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.001 BTC. The average across all other exchanges that we've reviewed is 0.000401 BTC. This means LBank charges above the industry average by 149.19%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Security - Is LBank Safe?

Security at LBank is of utmost importance, employing stringent practices to protect user funds. The exchange regularly upgrades its systems to comply with both blockchain protocol audits and traditional financial stability standards similar to those observed by central banks.

LBank prides itself on the security infrastructure that underpins its service, reflecting their recognition that trust is at the core of financial transactions. LBank places great emphasis on protecting user assets through numerous safeguarding practices including Blockchain Protocol Audits to prevent potential vulnerabilities from emerging.

Security at this exchange reflects its dedication to maintaining user confidence and standing strong amid the challenges presented by blockchain networks.

LBank Customer Support

LBank customer support is readily accessible, offering multiple channels through which users can seek help for their inquiries. Their experienced support staff can assist with everything from banking and payment issues to more intricate trading inquiries.

LBank offers high-quality customer support as part of its offering, acknowledging the complexity of crypto trading requires assistance at times. Their support extends from solving banking issues to providing guidance about various aspects of cryptocurrency markets.

LBank ensures users from beginner traders in Asian markets to experienced traders worldwide can trade confidently, knowing help will always be readily available when needed.

LBank support

LBank Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on LBank

  1. Create Account - Visit the LBank website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the methods listed below. Note that this exchange only supports depositing fiat currencies through third party apps it supports.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Banxa
  • Xanpool
  • MoonPay
  • Mercuryo
  • Simplex
  • Paxful
  • Conify

LBank Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
392+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
356+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

LBank has earned its place as an impressive trading platform with an array of features. LBank provides users with multiple trading options that may make it the ideal solution.

Digital finance continues to evolve quickly, with crypto exchanges playing an integral role. Not only are these platforms used for cryptocurrency transactions but they are also providing innovative financial products to an international market.

Exchanges such as LBank serve as the bridge between traditional finance and the emerging digital economy, helping shape our understanding of money, assets, and investments for the future.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: