LBank Cryptocurrency Exchange
Lbank cryptocurrency exchange was founded in 2016 in China and is operated by Superchains Network Technology Co. Ltd. In 2019 Lbank crypto exchange underwent a rebranding with the addition of many new functions, which caused a new wave of interest in this crypto platform. The company operates in a transparent manner, in accordance with the financial legislation of China, in accordance with its license.
Users are offered a fairly innovative exchange for trading cryptocurrency and tokens. The pool of tokens is constantly growing, as there is a free listing with simplified registration. In addition to the RMB, only the US dollar is represented from fiat currencies. The trading terminal is integrated into the website and represents the standard TradingView model. For mobile gadgets, there is an option in the form of applications adapted for iOS and Android. The apps are well optimized. No specific vulnerabilities have been identified yet.
In addition to active trading (futures, options and ETFs), the exchange offers passive income through deposits in developing blockchain projects. The interest rate is quite high, depending on the project. The share of the most risky programs can reach 92%.
It is also possible to passively earn on affiliate programs, referrals, for which a trader receives 20% commission from each of his trading operations.
Trading conditions and main characteristics of the cryptoexchange
“ Lbank” exchange does not set the minimum deposit to start trading. This means that the user only has to register and verify their identity (the standard form of authentication is 2 FA). There are no limits, no minimum and maximum deposit thresholds. There is no leverage for all types of trading, including margin trading. The client has the opportunity to trade only with his own funds, credited to the internal account of the exchange.
Technical support can be contacted by email specified on the landing page of the site. Technical support at “ Lbank ” works around the clock and seven days a week, but since communication is carried out only by e-mail, the service cannot boast of a prompt response to user requests.
- Trading platform: TradingView
- Accounts: Standard
- Account currency: only cryptocurrencies, fiat – only USD, CNY < / li>
- Deposit / withdrawal: bank cards and accounts, electronic and cryptocurrency wallets
- Minimum deposit: No
- Leverage: None
- PAMM accounts: No
- Minimum trade order: from 0
- Spread: up to 0.2%
- Instruments: cryptocurrencies, currency pairs
- “Margin Call / Stop Out” option: No
- Liquidity provider: No
- Official site https://www.lbank.info/
- Contact: email only: [email protected]
Commissions and Fees
Lbank crypto exchange is widely known for its democratic policy regarding trading commissions. There are no trading levels on the exchange. Commissions are fixed for all users – they are 0.1% regardless of the asset, trading volume or other factors. Pending, limit and market orders, stop orders and other types of orders imply this very commission without any additional conditions. There are no deposit fees, but the exchange charges a withdrawal fee.
The withdrawal fee that is offered Lbank exchange is fixed for each asset , and also a minimum amount is possible. For example, you can withdraw at least 0.001 BTC with a commission of 0.0006 BTC. For Tether, the conditions are as follows: at least 100 USDT for withdrawal with a fixed commission of 30 USDT. There are different conditions for each asset. You can learn more about them in the “Commissions” section of the crypto exchange website.
Summary . Summarizing all the pros and cons of the cryptoexchange lbank, the review which was given in this article, we can conclude that in to a certain extent, it makes sense to trust this crypto trading platform. It has passed a good test through the harsh Chinese financial legislation. Cryptocurrency platform Lbank exchange reviews about which they do not yet have a strongly negative format can be recommended for use by traders who already have some practical trading experience on other crypto platforms.