LBank

LBank transparent logo

Operating since 2015 – Good amount of altcoins – Easy card purchases through 7 different merchants – Deposits with bank transfers, Google Pay and Apple Pay

User Friendly
 

Bank transfer deposits

Bank card deposits

No fiat withdrawals

Mobile App

Beginner friendly features: 3

Ease of buying and trading: 4

Interface and user experience: 4

Education and learning: 3

Customer support: 4

Features
 

Spot trading

Futures trading

Advanced trading options: 3

Staking and savings: 3

Airdrops and launchpools: 1

Additional financial services: 3

Other products and services: 3

Fees
 
  • Spot Maker Fee: 0.2%
  • Spot Taker Fee: 0.2%
  • Futures Maker Fee: 0.02%
  • Futures Taker Fee: 0.06%

Additional 15% fee discount when using our referral signup link.

Additional $75 signup bonus when using our referral signup link.

Safety
 

 Exchange launched in 2015

No Proof of Reserves

Regulatory compliance: 2

Reputation and reliability: 3

Asset safety and trust: 3

User account security: 4

Volume & Altcoins
 

 Number of altcoin pairs: 650

 Last 24h trade volume (in BTC): 39,302

Features Score: 63 / 100
3.3
Total Rating: Good
Toggle feature descriptions
Beginner friendly buying
3
Beginner features such as fiat deposits, quick convert, recurring buys, demo trading.
Ease of buying and trading
4
How easy was it to deposit, convert fiat to crypto, and execute trades on spot market.
Interface and user experience
4
Usability, design and intuitivness of the interface and light and dark color schemes.
Advanced trading options
3
Derivatives, options, stocks, margin, trading bots and other advanced trading features.
Staking and savings
3
Number of available staking assets and overall yields.
Airdrops & Launchpools
1
Frequency, value and ease of joining various airdrops and launch events.
Extra financial services
3
Crypto debit cards, fiat withdrawals, loans, P2P marketplace.
Trading fees
4
Competitiveness of trading fees compared to other exchanges, including discounted rates with our referral bonuses.
Volume and liquidity
4
Overall volume, liquidity and spreads on spot and derivatives markets.
Altcoins selection
4
Amount and quality of listed altcoin trading pairs.
Regulatory compliance
2
Approvals, certificates and compliance with various agencies and institutions.
Reputation and reliability
3
Overall reputation of the exchange, user feedback and reviews, social media sentiment, trust and transparency.
Asset safety and trust
3
Use of cold wallet storage and multi-signature, user protection funds, proof of reserves, security audits, and other safety and insurance measures.
Account security
4
Availability of various account security features such as 2FA, anti-phishing codes, hardware keys, withdrawal or trading passwords.
Other products & services
3
NFT marketplaces, copytrading, subaccounts, gift cards, trading competitions and other features.
Mobile App
4
Usability, update freqency, platforms, design and ease of trading via the mobile app.
Decentralized Wallet
0
Decentralized self-custody wallet usability, operating systems, number of assets and blockchain networks supported, DeFi options and more.
Education and learning
3
Learning and news resources on the website, including instructional videos, articles, knowledge bases, FAQs and help center.
Customer support
4
Responsiveness and availability of customer support through different channels such as email, live chat, social media, and others.
Referral and signup bonuses
4
Benefits obtained through the use of our referral codes, including discounted fees, cash bonuses and other rewards.
CoinMarketCap Rating: 6.5/10
CoinGecko TrustScore: 7/10

Quick info:

Launched in: 2015
Based in: British Virgin Islands
Trust Score: 7/10 (Ranked #49)
Coins listed: 650+
Trading volume: 39,302

Features overview:

  • Deposits: Cryptocurrency Bank cardsBank transfers
  • Beginner trading: Spot tradingMobile appCopytrading
  • Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
  • Financial services: Fiat withdrawalsDebit spending cardsCrypto loansP2P tradingStaking & Earn
  • Other features: Optional KYCGift cardsDark themed interfaceLow trading fees

Restricted countries

LBank is not available in these 26 countries:

Afghanistan, Antigua & Barbuda, Belarus, Burundi, Central African Republic, China, Congo - Kinshasa, Cuba, Egypt, Guinea-Bissau, Hong Kong, Iran, Iraq, Lebanon, Libya, Macao, Mali, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, United States, Venezuela, Yemen.

LBank does not enforce KYC (know-your-customer) policies on accounts, therefore VPN use in unsupported countries is possible.

Available countries

LBank is available in 210 countries and territories.

Trading fees

  • Spot: 0.1% – 0.2% maker and taker, depending on asset
  • Futures: 0.02% maker, 0.06% taker
  • Leveraged tokens: 0.2% maker and taker

Using invite code “3ICD2” during signup gives you an additional permanent 15% fee discount.

Signup bonuses

For added benefits on LBank use the following code during signup:

3ICD2

15% fee discount using this invitation code during signup.

Signup bonuses amount: $75.

Referral, signup or invitation code must be used during signup/registration process. These codes are also automatically added to exchange signup links on our site.

There are never any downsides to using referral codes. Benefits can include fee discounts, deposit bonuses, cash rewards, access to exclusive events or trading competitions, or other advantages.

The referral codes allow exchanges to properly attribute users and distribute rewards, bonuses or fee discounts based on disclosed affiliate relationships. No personal data is ever shared with us.

Visit LBank

Pros

  • Only $75 in signup bonuses, but very easy to get.
  • Low trade fees when using our fee discount code.
  • 40+ assets for staking in locked periods and 10 in flexible.
  • Has bank card and bank transfer deposits, including Google Pay and Apple Pay.
  • Supports nearly 150 fiat currencies for deposits.
  • Optional identity verification.
  • Full dark-themed interface is available.

Cons

  • Low to medium staking yields compared to some other exchanges.
  • No fiat withdrawals.
  • High fiat deposit fees.

About LBank:

Established in 2015, LBank has emerged as a leading centralized exchange (CEX) platform, catering to the diverse needs of crypto enthusiasts worldwide. With its user-friendly interface and extensive range of services, LBank has garnered a loyal following of over 9 million users across more than 200 regions.

A Global Presence

Headquartered in the British Virgin Islands, LBank operates under the ownership and management of LBK Blockchain Co., Limited. While the exchange’s roots may lie in the Caribbean, its reach extends far beyond, with offices strategically located in Lithuania, Canada, and Singapore. This global footprint underscores LBank’s commitment to serving clients from diverse geographical locations, fostering inclusivity and accessibility in the crypto market.

Comprehensive Trading Options

At its core, LBank offers users a comprehensive suite of trading options, including spot and margin trading, crypto futures and options, staking, and ETF trading of crypto assets. Whether users are seeking to buy and sell major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) or explore specialized financial derivatives, LBank provides a versatile platform to meet their trading needs.

Regulatory Compliance

LBank prioritizes regulatory compliance and operates under the purview of various licensing authorities. The exchange holds licenses from reputable organizations such as the National Futures Association, Italian Organismo degli Agenti e dei Mediatori, and money services businesses in the United States and Canada. These regulatory accreditations attest to LBank’s commitment to upholding the highest standards of integrity and transparency in its operations.

Diverse Financial Products

Beyond traditional spot trading, LBank offers a myriad of financial products to cater to the evolving demands of its user base. From peer-to-peer (P2P) transactions to grid trading, users have access to a wide range of investment opportunities designed to optimize returns and mitigate risks. Additionally, LBank’s support for over 149 fiat currencies and more than 20 payment methods facilitates seamless transactions for users across the globe.

Empowering the Crypto Community

As a trusted ally in the crypto space, LBank is dedicated to empowering its users with the tools and resources needed to navigate the complexities of digital asset trading. Whether users are seasoned traders or newcomers to the crypto world, LBank’s commitment to education and customer support ensures that every individual can embark on their crypto journey with confidence and clarity.

In conclusion, LBank stands as a beacon of innovation and reliability in the global crypto exchange landscape. With its robust platform, regulatory compliance, and unwavering commitment to customer satisfaction, LBank continues to set the standard for excellence in crypto trading, empowering users to unlock new opportunities and achieve financial success in the digital age.

Features Score: 63 / 100
3.3
Total Rating: Good

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