LBank Review 2023

LBank screenshot

LBank is a leading cryptocurrency exchange and trading platform. They support 458 coins across 487 markets.

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

LBank Overview

LBank was built by Superchains Network Technology Co. Ltd in 2015, and has been in operation since.

The exchange is based in Virgin Islands, and serves many customers all over the world. Provided you're in one of the supported countries, you're free to trade.

LBank Services

  • Spot Trading. LBank allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.
  • Futures Trading. LBank supports futures trading. Derivative contracts that you can trade on leverage without providing margin.
  • P2P Trading. LBank support P2P trading. Where you trade directly with other people through specific payment methods or giftcards.
  • NFT Marketplace. LBank has an NFT marketplace, where you can buy/sell NFTs and collectibles.
  • Trading Bots. LBank has trading bots that you can use to automate your trading strategies.
  • Staking. LBank allows you to stake your crypto and earn passive income.

LBank Payment Methods

LBank supports 10 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

  • Credit/Debit Card
  • Bank Transfer

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

LBank supports over 6 fiat currencies: USD, , , , , .

LBank Security

LBank offers 2 layer(s) of security. Aside from the obvious, email and password.

    LBank requires KYC to use their services. KYC usually involves sharing your full details, some form of ID, and a mobile phone number.

    LBank Fees

    Like other centralized exchanges, LBank charges fees. This is how they generate revenue, and keep their operation running.

    • Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
    • Withdrawal fees. LBank charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by LBank.
    • LBank's maker fees: 0.1%*
    • LBank's Taker fees: 0.1%*

    Maker/taker fees are tiered. As you trade more and generate volume, they often fall.