LBank is a globally based centralized exchange (CEX) platform established in 2015. The platform allows users to buy and sell major crypto assets like Bitcoin (BTC) and Ethereum (ETH) in over 113 fiat currencies, with over 55 payment methods. The company has licenses from the National Futures Association, Italian Organismo degli Agenti e dei Mediatori, and money services businesses in the United States & Canada. The LBank exchange has over 12 million users and accepts clients from over 210+ countries and regions.
LBank Exchange provides its users with crypto trading, specialized financial derivatives, and professional asset management services.
What is LBank?
LBank stands as a prominent cryptocurrency exchange offering diverse trading options, including spot and futures trading, copy trading, and comprehensive crypto solutions. With an extensive selection of 700+ cryptocurrencies available for spot and ETF trading, LBank is recognized for its variety, low fees, and swift transactions.
Platform Establishment:
Established in 2015, LBank operates as a globally-based Centralized Exchange (CEX) platform. The company holds licenses from respected entities such as the National Futures Association, Italian Organismo degli Agenti e dei Mediatori, and money services businesses in the United States & Canada.
Financial Products:
LBank provides a range of financial products, including spot and margin trading, crypto futures and options, staking, and ETF trading. Additional services encompass peer-to-peer (P2P) transactions and grid trading.
Founders:
The platform was co-founded by Allen Wei and Eric He. Allen Wei, the current CEO, initiated the project driven by his background as a former IT developer and inspiration from the advent of cryptocurrency, particularly Bitcoin.
Geographical Presence:
Headquartered in the British Virgin Islands, LBank is owned and operated by LBK Blockchain Co., Limited. The exchange extends its reach with offices in Lithuania, Canada, and Singapore.
Global User Base:
With over 9 million users, LBank caters to clients from more than 200 regions globally, emphasizing its international presence.
Supported Cryptocurrencies:
LBank supports over 800 cryptocurrencies, presenting a vast selection of more than 1000 trading pairs. Prominent assets on the platform include BTC, ETH, LUNA, MATIC, FTM, CRO, DOGE, and more.
Fee Structure:
For spot trading, LBank charges a flat 0.10% maker and taker fee, while withdrawal fees vary across cryptocurrencies. In futures trading, maker rates stand at 0.02%, and taker fees at 0.06%. There are no deposit fees.
Leverage and Margin Trading:
LBank facilitates leveraged ETFs in spot trading without the need for margin. Users can engage in 3X long leverage (3L) and 3X short leverage (3S). The platform also supports crypto futures trading with leverage of up to 125X, offering both cross margin and isolated margin options.
What are the trading fees on LBank?
For spot trading, LBank charges a flat 0.10% maker and taker fee, while withdrawal fees vary across cryptocurrencies. In futures trading, maker rates stand at 0.02%, and taker fees at 0.06%. There are no deposit fees.
Does LBank offer leverage trading?
LBank facilitates leveraged ETFs in spot trading without the need for margin. Users can engage in 3X long leverage (3L) and 3X short leverage (3S). The platform also supports crypto futures trading with leverage of up to 125X, offering both cross margin and isolated margin options.
Is LBank safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
