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LBank Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
LBank logo
3.18
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 variety of cryptocurrencies, advanced trading products, and support for multiple markets. Its commitment to competitive fees and customer support enriches the trading experience, making it a viable option for users worldwide.

Whether you are looking to engage with traditional crypto pairs or explore altcoin-focused exchange opportunities, LBank presents itself as a capable and dynamic platform.

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 435+
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 as a notable player in the crypto exchange landscape, boasting a wide array of trading options and a global user base. This review delves into the various facets of LBank, providing insights into what traders can expect from using their platform.

LBank homepage

LBank Review continues to garner attention among a myriad of crypto exchanges, offering a distinctive combination of features that cater to a diverse clientele. The platform’s growth can be attributed to its adaptability and responsiveness to the evolving needs of the market, which has allowed it to remain competitive and relevant in the fast-paced world of cryptocurrency trading.

The expansion of its services and continual adaptation to user feedback exemplifies the exchange’s dedication to enhancing the trading journey for all its users.

About LBank

LBank is a cryptocurrency exchange that has made strides in the digital asset space since its inception. Founded by Eric He, the platform is known for its focus on Asian markets whilst offering services worldwide.

The company has carved out a name for itself by providing a platform that caters to both beginner and experienced traders, offering a variety of cryptocurrencies for trade.

LBank features

Since its establishment, LBank has weathered the dynamic waves of the crypto market, adapting to the surging interest in digital assets and the accompanying regulatory landscape shifts. The exchange has witnessed firsthand the rapid maturation of the industry, from the days of relative obscurity to its current prominence in the global financial conversation.

Eric He’s vision has steered the company through these changes, with the platform often serving as a bridge between traditional financial products and the burgeoning world of crypto assets. LBank’s trajectory mirrors the ascendance of crypto markets within Asian markets and beyond, reflecting the burgeoning appetite for a wide variety of 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 435 cryptocurrencies on their platform. This exchange currently supports 29 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies LBank supports

  • 1INCH
  • AAVE
  • ABBC
  • ACA
  • ACS
  • ADA
  • AGIX
  • AGLD
  • ALGO
  • ALICE
  • ALPACA
  • AMP
  • ANKR
  • ANN
  • ANT
  • APE
  • APOLLO
  • APRIL
  • APT
  • AR
  • ARB
  • ARKM
  • ARPA
  • ARTI
  • ARTM
  • ARV
  • ATOM
  • ATRI
  • AUC
  • AUDIO
  • AVAX
  • AXS
  • BADGER
  • BAKE
  • BAL
  • BCH
  • BCL
  • BEE
  • BEL
  • BEL1
  • BEND
  • BES
  • BFIC
  • BICO
  • BIO
  • BITCI
  • BLUESPARROW
  • BLUR
  • BNB
  • BNT
  • BNX
  • BOBC
  • BRK
  • BSTS
  • BSW
  • BTA
  • BTC
  • BTC/USDC
  • BTSC
  • BTY
  • BURN
  • BUSD
  • C98
  • CAKE
  • CBX
  • CCASH
  • CCP
  • CELO
  • CELR
  • CFX
  • CFXT
  • CHECK
  • CHESS
  • CHZ
  • CKB
  • CLE
  • CMCX
  • CMSN
  • COINGHOST
  • COINSCOPE
  • COMP
  • CORE
  • CRFI
  • CRIME
  • CRO
  • CROGE
  • CRP
  • CRU
  • CRV
  • CSC
  • CSPR
  • CSX
  • CTP
  • CVX
  • CYBER
  • DAI
  • DALI
  • DAR
  • DASH
  • DBA
  • DESIRE
  • DFC
  • DGB
  • DODO
  • DOGE
  • DOGE/USDC
  • DOGE2
  • DOGECOLA
  • DOT
  • DOT/USDC
  • DRO
  • DYDX
  • EBSO
  • EDU
  • EDUX
  • EGLD
  • ELCASH
  • ELITE
  • ELYSIAN
  • EMPIRE
  • ENS
  • EOS
  • EOS/USDC
  • EPX
  • ERN
  • ESG
  • ETC
  • ETH
  • ETH/USDC
  • ETHW
  • ETS1
  • EWC
  • EXA
  • FCF
  • FCH
  • FET
  • FIDA
  • FIL
  • FIL/USDC
  • FIL120
  • FIL36
  • FIL72
  • FIS
  • FIWA
  • FJB
  • FLM
  • FLOW
  • FLR
  • FMT
  • FOF
  • FRTS
  • FRZSS
  • FTM
  • FTM/USDC
  • FTT
  • FXS
  • GAL
  • GALA
  • GETH
  • GGC
  • GHD
  • GHST
  • GLMR
  • GMCOIN
  • GMT
  • GMT1
  • GMX
  • GOL
  • GOLF
  • GRBT
  • GRT
  • GST
  • GT
  • GTC
  • HEC
  • HERO
  • HFT
  • HIAZUKI
  • HIBAYC
  • HIDOODLES
  • HIFI
  • HIGH
  • HIMAYC
  • HIOD
  • HIPENGUINS
  • HIPUNKS
  • HISQUIGGLE
  • HJW
  • HMR
  • HNB
  • HNT
  • HOOK
  • HOT
  • HOTCROSS
  • HRDG
  • HT
  • HZM
  • IBNB
  • ICP
  • ID
  • IHC
  • ILV
  • IMI
  • IMX
  • INJ
  • IOST
  • IOTX
  • ISIKC
  • ITGR
  • JASMY
  • JK
  • JOE
  • KAS
  • KAVA
  • KEYS
  • KFI
  • KING
  • KINGSHIB
  • KISHIMOTO
  • KLAY
  • KP3R
  • KSM
  • KTS
  • KUNCI
  • LAT
  • LBK
  • LBK-L
  • LBLOCK
  • LBR
  • LDDP
  • LDO
  • LDX
  • LEO
  • LINA
  • LINK
  • LIT
  • LMCSWAP
  • LNR
  • LOOKS
  • LOOT
  • LOTT
  • LPT
  • LQTY
  • LRC
  • LTC
  • LTC/USDC
  • LTNM
  • LTR
  • LUFFY
  • LUNA
  • LUNC
  • LUST
  • MAGIC
  • MAHA
  • MANA
  • MASK
  • MATIC
  • MAXR
  • MBC
  • MBOX
  • MC
  • MCC
  • MELOS
  • METALINK
  • MINA
  • MISA
  • MKR
  • ML
  • MNDCC
  • MOB
  • MOVR
  • MPT
  • MRHB
  • MTRA
  • NEAR
  • NEO
  • NEST
  • NKGEN
  • NMR
  • NTO
  • NUM
  • NWC
  • OKB
  • OMG
  • OP
  • ORDI
  • OSMO
  • OVO
  • PANDO
  • PAX
  • PAXG
  • PC
  • PCE
  • PENDLE
  • PEOPLE
  • PERP
  • PHAE
  • PINS
  • PLASTIK
  • PLUG
  • PMG
  • POLL
  • POLO
  • POND
  • PONYO
  • POR
  • POT
  • PRI
  • PTX
  • QI
  • QNT
  • QRDO
  • QTUM
  • QUICK
  • QUID
  • QUROZ
  • RACA
  • RAD
  • RARE
  • RAY
  • RBT
  • RDNT
  • REAP
  • REEF
  • REN
  • RET
  • RIF
  • RISE
  • RLY
  • RNDR
  • ROG
  • ROSE
  • RSS3
  • RVN
  • SAITAMA
  • SAND
  • SAND/USDC
  • SBT
  • SCLP
  • SCRT
  • SEI
  • SFIL
  • SFP
  • SKY
  • SNX
  • SOL
  • SOL/USDC
  • SOLAR
  • SOLARFULLCYCLE
  • SPE
  • SPELL
  • SSV
  • STAR(1)
  • STEP
  • STG
  • STORJ
  • STX
  • SUI
  • SUM
  • SUPER
  • SUSHI
  • SWASH
  • SWDAO
  • SXP
  • SYN
  • SYS
  • T
  • TCG2
  • THE9
  • TLM
  • TOMO
  • TON
  • TORN
  • TOSC
  • TPY
  • TRB
  • TRCL
  • TRIX
  • TRL
  • TRX
  • TRX/USDC
  • TSG
  • TTT
  • TVK
  • TWT
  • UM
  • UMA
  • UMI
  • UMM
  • UNI
  • UNW
  • UPS
  • USDC
  • USDT
  • USTC
  • UUSD
  • VET
  • VEX
  • VGX
  • VICA
  • VMS
  • WAXP
  • WHOZCOIN
  • WIN
  • WLD
  • WOJ
  • WOO
  • WOOL
  • WZC
  • X2Y2
  • XCC
  • XCH
  • XDC
  • XEC
  • XL
  • XLM
  • XMP
  • XOM
  • XRP
  • XRP/USDC
  • XT
  • XTZ
  • XWC2
  • XWG
  • YFI
  • YFII
  • YGG
  • YOSHI
  • ZAK
  • ZAMZAM/USDC
  • ZEC
  • ZEN
  • ZIK
  • ZIL
  • ZLDA

Trading Experience

LBank provides a trading experience that is both intuitive for newcomers and rich in advanced trading features for seasoned traders. The platform’s interface allows for swift navigation between different trading pairs and markets, while also offering advanced chart trading tools for in-depth analysis.

Trading on LBank is a dynamic experience, crafted with the user’s journey in mind. The platform not just facilitates spot trading but also offers access to advanced trading products such as Derivatives trading, accommodating the needs of advanced traders.

LBank has harnessed the depth of crypto markets to provide a rich tapestry of trading options, facilitating both the high volume trading of popular cryptocurrency pairs and the exploration of emerging assets. For the user, this translates into a sophisticated yet accessible trading landscape.

LBank exchange marketing

LBank Fees

LBank employs a competitive trading fees structure, designed to be accommodating to traders of all volumes. While specific numbers aren’t provided here, the fee system is typically tiered, reflecting the volume of trades made by users and rewarding more active traders with lower fees.

In the realm of crypto trading, where margins can significantly impact profitability, LBank’s nuanced fee structure provides a strategic advantage for traders. The competitive trading fees are designed to enhance the trading experience without the burden of high costs, effectively supporting traders’ pursuit of capitalizing on market movements.

This tiered fee approach is a testament to the exchange’s commitment to facilitating a fair and accessible trading environment, recognising the importance of 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 0.0008 BTC compared to the industry average of 0.000075 BTC. So LBank has a fee that is above the industry average by 966.67%.

Security - Is LBank Safe?

Security is paramount at LBank, with the platform utilising robust security practices to safeguard user funds. The exchange continuously updates its systems to ensure compliance with both blockchain protocol audits and traditional financial stability standards akin to those observed by central banks.

LBank’s security infrastructure is a pillar of its service, reflecting an understanding that trust is fundamental in financial dealings. The exchange prioritises the safeguarding of user assets, employing an array of security practices including Blockchain Protocol Audits to preempt vulnerabilities.

This vigilant approach to security underscores the exchange’s commitment to maintaining user confidence and ensuring that the platform stands resilient amidst the challenges posed by the complex landscape of blockchain networks.

LBank Customer Support

Customer support on LBank is accessible, providing multiple channels for users to get assistance with their queries. The support team is equipped to help with a range of issues, from banking and payment problems to more complex trading inquiries.

High-quality customer support is a cornerstone of LBank’s offering, recognising that assistance is sometimes needed to navigate the complexities of crypto trading. The support extends beyond resolving banking issues to educating users about the nuances of the crypto markets.

By providing a robust support system, LBank ensures that users, from beginner traders in Asian markets to experienced traders across the globe, can trade with confidence, knowing that help is available whenever it is 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.

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Fiat Currencies Supported
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Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

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

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Fiat Currencies Supported
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Final Thoughts

LBank has established itself as a comprehensive trading platform with a broad spectrum of features. Users looking for a platform that provides a variety of trading options might find LBank to be a fitting choice.

The landscape of digital finance continues to evolve, with crypto exchanges playing a pivotal role. These platforms are not merely facilitators of cryptocurrency transactions but are also at the forefront of introducing innovative financial products to a global audience.

As the interface between traditional finance and the new digital economy, exchanges like LBank are critical in shaping the future of how we think about money, assets, and investments.

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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: