The world of crypto trading has been rapidly evolving with the introduction of new exchanges in the market. These exchanges have not only been designed to meet the daily trading needs of crypto users but also offer several ways to reward them. However, not all crypto platforms are equal, as some excel in trading options while others offer more robust security measures.

This in-depth review of LBank Exchange will analyze its features, including trading options, fees, security, and user experience. Whether you are a beginner or an experienced crypto trader, choosing the right crypto exchange is significant. This review will help you determine if LBank is the right choice for your crypto journey.

What is LBank Exchange?

Headquartered in Indonesia, LBank is a leading cryptocurrency exchange founded in 2015. The platform has been providing remarkable services to over 15 million worldwide users in more than 120 countries. It has a daily trading volume of around $4 billion and offers deep liquidity to attract more traders, foster trust, and create a stable market.

LBank has been ranked among the top 15 crypto exchanges on CoinMarketCap. It has already received licenses in Australia, Italy (Virtual Asset Service Provider), Canada, and the U.S.

With LBank crypto exchange, you do not require the KYC (Know Your Customer) procedure to start trading. You can trade across spot and futures markets without going through such lengthy procedures. The platform supports over 800 cryptocurrencies and offers you the opportunity to trade over 600 derivatives pairs with leverage up to 200x.

Some of the key features offered by the platform include:

• User-Friendly Interface: You can easily navigate with a simple interface designed for both beginner and experienced traders.
• Buying Crypto with Fiat: LBank supports over 100 fiat currencies and more than 50 payment methods. You can buy your favorite coins through Mastercard, Visa, or bank transfer.
• Rewards Hub: You can earn exclusive rewards on the platform, like tokens through Launchpad and Airdrops.
• Copy Trading: LBank offers you the chance to copy the trades of experienced traders and make remarkable profits.
• Robust Security: LBank has incorporated SSL-encrypted servers, secure wallet storage, and two-factor authentication.
• 24/7 Support: You can get your queries addressed on the platform anytime, thanks to its 24/7 customer support.
• Meme Coins: LBank also features over 300 trending meme coins that you can trade on the platform. In addition, it offers an average of 1134% APY (Annual Percent Yield) on initial memecoin listings.

LBank has not mentioned the names of the people operating the exchange. Regarding its team, its LinkedIn page lists Eric He as chairman and co-founder, Johnason Chan as co-founder, Kaia W as chief marketing officer, Eric Xu as North American CEO, and Beck Z as chief business officer.

Ready to trade crypto with zero fees and big rewards? Register on LBank and enjoy 0% maker fees plus unlock up to 13,029 USDT cashback. Start building your portfolio with one of the most rewarding platforms today.

How to Sign Up on LBank?

The process of signing up for the LBank exchange is simple. You just need to follow some essential steps, provide the information, and complete the verification process to become a verified user on the platform.

Visit LBank’s website and click on Start at the top right corner. Enter your email address or your phone number, create a password, and select your country code. Make sure to use a strong password with a mix of letters, numbers, and symbols for better security. Don’t forget to Agree to the Terms of Service and User Agreement.

After successfully entering your login details, you need to complete the verification process. You will receive a verification code at your email address or phone number. Enter it to verify your account.

Next, you should set up Google Two-Factor Authentication (2FA) as an additional layer of security to make the withdrawal process easy. Go to your account settings and select Two-Factor Authentication (2FA). Simply download Google 2FA on your mobile phone and connect it to your account.

Now, if you want to access fiat services on the platform, you need to complete the KYC procedure. All you need to do is go to Verification in your account settings, provide the necessary details, such as personal details and identity documents, and complete the facial verification process.

You need to provide the following documents for identity verification:

• ID Card issued by the government.
• Passport.
• Driving license.

Once you provide all these documents, you will need to wait for a short time to get your identity verified. LBank’s verification procedure is quick and efficient, and it takes a little time to complete the submission.

Deposit on LBank

Once you have created your account on LBank, you are eligible to make a deposit, which is also essential to start trading. LBank Exchange supports roughly over 800 cryptocurrencies, including leading coins like Bitcoin and Ethereum, as well as other major names such as Solana, BNB, Cardano, and more.

You can make a deposit on the exchange using simple steps. Under the wallet section of the menu bar, navigate to Deposit, select the crypto you want to deposit, and get your deposit address. You can use this deposit address to complete the deposit, and once done, you can check the assets in your spot wallet.

How to Transfer Funds on LBank?

LBank also allows you to make internal transfers on the exchange. You can transfer funds from your Spot wallet to your Funding wallet, which is crucial for futures trading.

All you need to do is go to the wallet icon on the menu bar, navigate to Transfer, enter the amount you want to transfer, or click on All to transfer all coins. Once you fill in the required bars, click on Confirm to complete the transfer.

Buy Crypto with Fiat on LBank

You can buy or sell popular cryptocurrencies, like Bitcoin and Ethereum, on the LBank Exchange using fiat currencies. LBank supports over 50 payment methods, including Visa, Mastercard, Credit Card, Bank Transfer, Apple Pay, Google Pay, InstaPay, SEPA, UPI, and more.

Go to Buy Crypto at the top of your menu bar and then click on One-Click Buy. To buy cryptocurrencies with fiat currencies,

• Choose the Buy option.
• Select the cryptocurrency you want to buy, such as USDT, and enter the total amount you want to pay.
• You will see the total amount you will get in your account, confirm the order details, and click Buy USDT.

To sell cryptocurrencies using One-Click Buy:

• Select the Sell option.
• Choose the cryptocurrency you want to sell, for example, USDT, and enter the amount.
• Choose the fiat currency you want to receive, confirm your order details, and click Sell USDT.

How to Withdraw Funds on LBank?

To make a withdrawal on the LBank Exchange, you need to complete the Google 2FA.

Once done, there are some simple steps you can follow to make a withdrawal:

• Navigate to Wallet on your menu bar and then to Withdraw.
• Select the cryptocurrency you want to withdraw, the withdrawal network, and the withdrawal address.
• Enter security verification information and withdraw.
• Wait for the confirmation, and the assets will be withdrawn.

Start trading smarter on LBank. Sign up now to enjoy 0% maker fees and claim up to 13,029 USDT in cashback rewards. Take advantage of this limited-time offer and maximize every trade.

Trading on LBank

LBank offers its users a well-designed trading platform with easy access to several features. The exchange supports Spot, Leveraged Tokens, and Futures trading with up to 200x leverage. Here is a breakdown of its trading features and tools.

Trading Interface

LBank comes with a user-friendly trading interface with all essential trading tools.

In the Price Chart section, you can select the trading pair and check the mark price, funding rate, trading volume, candlestick chart, order book, and other basic information. LBank’s trading chart is powered by TradingView and comes with over 100 technical indicators to assist traders in their different trading strategies.

The order book displays all the latest buying and selling prices of an asset. In the Order Area, you can select the order type, set the corresponding leverage and margin mode, and open or close a long or short position. In the Trading Activity Panel, you can review your positions, copy trades, open orders, future history, transaction history, and order history.

Futures Trading on LBank

LBank is an innovative crypto exchange that supports over 600 futures trading pairs with up to 200x leverage. To open a futures position, navigate to Futures at the top of your menu bar, select the trading pair you want to trade and choose your desired leverage. Once done, you can adjust the margin mode between Cross and Isolated, select the order type, and open your long or short position.

For risk management, you can set Take-Profit/Stop-Loss (TP/SL) to your position according to your preferred strategy. You can close your position in the order area as well as in the trading activity panel.

Spot Trading on LBank

Spot trading refers to the immediate buying and selling of cryptocurrencies at the current market price. The transactions are settled instantly, which allows the buyer to immediately take ownership of the asset. The Spot trading platform on LBank offers you the opportunity to trade top cryptocurrencies like Bitcoin and Ethereum. In addition, you can access a wide range of altcoins in its spot market.

To access spot trading on LBank, go to Trade at the top of your menu bar and click on Spot. Select the trading pair, adjust the chart according to your preference, and select the order type. Once done, you can enter the order details and click either Buy or Sell.

Leveraged Trading on LBank

LBank offers leverage trading to its users that gives them the opportunity to trade large contracts without putting larger amounts upfront. It provides traders with better efficiency for their capital management and enhances their exposure without looking for additional capital.

To start leverage trading on the platform, navigate to Trade and then go to Leveraged Tokens. Next, you need to select the leveraged trading pair and the order type, enter the order details, and click on either Buy or Sell.

Order Types on LBank

LBank supports several order types for its users’ enhanced convenience. The following are the order types supported by the crypto exchange:

• Limit Order: traders use it to buy or sell a cryptocurrency at a specific price.
• Market Order: allows immediate execution of trades at the current market price.
• Trigger Order: it provides traders with the opportunity to set target prices in advance, and it is executed only when the price reaches the level.
• Post-Only Order: a type of limit order placed by traders only when it does not match an existing order.

Copy Trading on LBank

LBank’s copy trading is an innovative tool that you can use to copy trades of experienced traders. With this tool, you can automatically copy the trading strategies of seasoned traders and earn healthy returns on your investments. It also benefits copied traders by allowing them to earn a percentage of the profits that the followers make.

You can navigate through listed copy traders on the platform, which are categorized based on Highest ROI (Return on Investment) and 30-day PnL% (Profit and Loss), Today’s Top Performer, Highest Profit, New Lead Traders, Lowest Drawdown, and Highest Copier’s Profit. To copy any trader, you can simply click on Copy, check the details, and start copying it. You can also set your preferred leverage, stop-loss levels, and position sizes. In addition, you receive real-time updates on executed trades.

With copy trading, you get the opportunity to not only learn from the best traders but also increase your profits. You earn a percentage of the profits made by seasoned traders, making you additional income. In addition, it saves you from the hassles of extensive research and analysis and allows you to diversify your crypto portfolio.

Earn Products on LBank

LBank is more than just a crypto trading exchange; it offers you several ways to generate passive income. You can increase your income through Earn products on LBank, including Launchpad, Launchpool, Flexible, and Locked.

Launchpad

LBank Launchpad enlists newly launched projects and tokens on the exchange. It enables both individuals and project teams to connect and engage in funding rounds. This way, you get the opportunity to diversify your income stream by participating in initial token offerings and investment opportunities.

Once a project is listed on LBank Launchpad, you can purchase its tokens using coins like Bitcoin (BTC), Ethereum (ETH), or LBank’s native token, LBK. The tokens are distributed among participants’ LBank accounts once the token sale concludes.

Launchpool

Launchpool is a remarkable financial tool on the LBank exchange, enabling you to stake your existing crypto holdings and earn APY (Annual Percentage Yield) rewards from newly listed projects. It provides liquidity for new projects, and you can stake your tokens in a liquidity pool. In return, you earn new project tokens in the form of rewards.

All you need to do is meet the registration requirements of any project listed on LBank Launchpool. Once the registration process is over, the system will calculate your receiving tokens based on your holdings during the snapshot period. The tokens will be distributed to the participants’ spot accounts as per the distribution schedule.

Flexible

LBank Flexible is a wealth management tool that allows you to deposit and withdraw funds without any lock-up periods. This way, you can effectively manage your idle assets while earning daily yields and maintaining high liquidity.

With LBank Flexible, you can efficiently increase your crypto holdings through simple operations while having full control over your funds. It is a highly flexible tool that comes with no deposit requirements and withdrawal. You can participate easily in LBank Flexible and earn daily APY with automatic reinvestment on crypto assets, including major coins like BTC and USDT.

LBank Locked

LBank Locked is a diverse financial tool through which you can increase your passive income. It allows you to stake your cryptocurrencies for a specific period, known as the lock-up period. In return, you earn massive APY rewards on your holdings.

You should remember that LBank Locked does not allow you to access or withdraw your staked funds during the lock-up period. On the LBank Locked page, check the details of listed projects, pick your favorite project, stake your tokens, and start earning.

LBank Bonus Centre

At LBank, you can participate in several events and earn exclusive bonuses through its Bonus Centre. You can join in different Spot trading tasks, lucky draws, Futures trade tasks, and hot events to earn rewards.

You can explore and claim new free tokens through LBank’s Airdrop. It lists several projects in which you can participate before the position calculation begins. Your number of tokens will be automatically determined by LBank and distributed to your spot account.

LBank Mobile App

LBank has a well-designed mobile phone app that offers you all the amazing features you can access on the desktop version. You can download the app from the Google Play Store or Apple Store and start trading your favorite crypto pairs without any hassle.

The LBank mobile app is a quick way to trade cryptocurrencies with just a few clicks. It comes with a seamless interface and brings real-time data to your fingertips. In addition, the app keeps you updated through quick and timely notifications about the recent market developments.

LBank Fees

You are required to pay several fees on the LBank Exchange depending on the product that you are using.

Trading Fees:

• Spot Trading Fees: the maker’s and taker’s fee for spot trading is 0.20%.
• Leveraged Tokens Fees: LBank charges a flat 0.20% maker and taker fee for leveraged trading.
• Futures Trading Fees: LBank charges a 0.02% maker fee and a 0.06% taker fee for futures trading.

Deposit and Withdrawal Fees:

Deposit Fees: there are no deposit fees for cryptocurrencies on LBank.

Withdrawal Fees: LBank’s withdrawal fees vary according to specific cryptocurrencies. You can check the withdrawal rates on its website.

LBank Security

LBank has incorporated several security measures to ensure a safe financial environment for its users. The exchange supports Google Two-Factor Authentication (2FA), making it difficult for unauthorized individuals to access your accounts. In addition, the platform stores the majority of your funds in cold storage wallets, which the Internet cannot access.

To secure user data and transactions, LBank uses SSL encryption. It ensures the safety of information shared between the user and the platform. LBank has also adopted Merkle-tree proof-of-reserves to ensure transparency in its operations.

Closing Thoughts

LBank is a global cryptocurrency exchange that not only offers innovative trading tools but also several ways to generate passive income and robust security measures. The exchange supports over 100 fiat currencies, spot trading, and futures trading with up to 200x leverage. In addition, you can use its amazing financial tools, such as copy trading and earn products, to diversify your trading experience. LBank ensures the security of your data and funds through the implementation of strong security measures, like 2FA, SSL encryption, and cold storage for funds. The crypto platform maintains regulatory compliance with licenses from several global jurisdictions. Overall, LBank is an all-around platform catering to both beginners and professional traders.

Start trading smarter on LBank. Sign up now to enjoy 0% maker fees and claim up to 13,029 USDT in cashback rewards. Take advantage of this limited-time offer and maximize every trade.

Frequently Asked Questions