Cryptohopper vs Lbank: Fees, Coins, Safety Comparison
| Feature | Cryptohopper | Lbank |
|---|---|---|
Overall |
3.8 |
3.0 |
1 |
1 |
|
4.7 |
3.7 |
|
4.4 |
3.9 |
|
Investment Instruments |
4.2 |
3.4 |
Platforms and Charting Tools |
4.3 |
3.4 |
Deposit and Withdrawal |
3.7 |
3.7 |
Research |
4.1 |
3.5 |
Education |
3.5 |
2.3 |
Support |
3.7 |
3.2 |
Bonuses |
4.4 |
2.4 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Cryptohopper vs Lbank: Pros and Cons
CryptoHopper is a multi-purpose platform that combines its hub functions, copying service, social trading, and an investment portfolio management service. The CryptoHopper terminal trades in Bitcoin, Ethereum, Litecoin, and dozens of other cryptocurrencies and tokens, which are presented on partner exchanges. The one-of-a-kind system stands out for the presence of free-of-charge trading bots where you can create and test your bots. The platform also provides an emulator of exchange strategies. There is also an in-depth training system.
The Lbank crypto exchange offers a convenient service for margin, futures, options, and ETF cryptocurrency trading. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple and dozens of other cryptocurrencies, and tokens are available for trading on the exchange. The US dollar and Chinese yuan are represented from fiat currencies, direct credit card deposits and cryptocurrency purchases are possible without depositing your own funds. A simplified service for fast trading is integrated into the exchange. The platform allows investing in third-party blockchain projects with a flexible deposit and high interest rates. There is a one-level referral program. The key feature of the exchange is an objectively low fixed commission on trading transactions (0.1%).
| Cryptohopper | Lbank | |
|---|---|---|
| Overall Pros | cryptocurrencies can be traded on any of the partner exchanges from CryptoHopper’s terminal; | tons of cryptocurrencies and tokens, margin, futures, options, and ETF trading; |
| no fees or fixed payments for using the service; | two fiat currencies — US dollar and Chinese yuan, most deposit/withdrawal options are available, including debit cards; | |
| profitable partnership and investment program; | ||
| service for copying transactions and auto-trading bots; | direct purchase of cryptocurrency using bank cards and accounts is possible; | |
| a vast selection of instruments; | profitable investment programs for passive income on unused cryptocurrency; | |
| synchronization of accounts on diverse exchanges; | standard referral program with interest payments from the commission of the invited user; | |
| large trading volumes. | non-obligatory FYC verification, high level of on-site security | |
| Overall Cons | free mode is extremely limited in functionality. | no demo accounts, training programs, or specialized solutions for beginners; |
| connection with the technical support of the company is only by email; | ||
| no call center. |
Cryptohopper vs Lbank: Safety and Regulation
| Regulated By: | Cryptohopper | Lbank |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
Cryptohopper vs Lbank: Trading Conditions
| Trading Conditions | Cryptohopper | Lbank |
|---|---|---|
Minimum Deposit |
$1 |
No |
Trading Platforms |
Cryptohopper |
TradingView |
Max Leverage (Futures) |
44835 |
No |
Number of Markets |
500+ |
497+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Fiat currencies |
Cryptos, USD, CNY |
Cryptohopper vs Lbank: Fees
Trading Fees
| Fee | Cryptohopper | Lbank |
|---|---|---|
Max Maker |
0 |
0.10% |
Max Taker |
0 |
0.10% |
Min Maker |
0 |
0.10% |
Min Taker |
0 |
0.10% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | Cryptohopper | Lbank |
|---|---|---|
Max Maker |
0 |
0.10% |
Max Taker |
0 |
0.10% |
Min Maker |
0 |
0.10% |
Min Taker |
0 |
0.10% |
Non-Trading Fees
| Fee | Cryptohopper | Lbank |
|---|---|---|
Account Fee |
Pioneer - 0%; Explorer $16.58/mo; Adventurer $41.58/mo; Hero $83.25/mo |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
0 |
Not supported |
BTC Withdrawal Fee |
0 |
0.0001 |
Inactivity Fee |
No |
No |
Cryptohopper vs Lbank: Trading Assets
| Asset Name | Cryptohopper | Lbank |
|---|---|---|
Overall |
500+ |
497+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
Cryptohopper or Lbank: Investment Programs
| Asset Name | Cryptohopper | Lbank |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Automatic Trading, Social Trading, |
No |
Trading Platforms: Lbank or Cryptohopper
| Cryptohopper | Lbank | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Lbank or Cryptohopper
| Cryptohopper | Lbank | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: Lbank or Cryptohopper
| Cryptohopper | Lbank | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Lbank or Cryptohopper
| Cryptohopper | Lbank | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Lbank or Cryptohopper
| Cryptohopper | Lbank | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
Yes |
Trailing Stop |
Yes |
No |
Cryptohopper vs Lbank: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Cryptohopper | Lbank |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Cryptohopper vs Lbank: Research
| Research Type | Cryptohopper | Lbank |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Cryptohopper vs Lbank: Education
| Education Type | Cryptohopper | Lbank |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Webinars |
No |
No |
Lbank vs Cryptohopper: Support
| Support Features | Cryptohopper | Lbank |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Request form |
No |
Cryptohopper vs Lbank: Crypto Bonuses and Promo
| Promo | Cryptohopper | Lbank |
|---|---|---|
Crypto Bonus |
30% Sign up Bonus Hero Pro Cryptohopper Subscription, temporary bonus offers |
No |
Affiliate Program |
CryptoHopper offers a flexible affiliate program based on getting a referral link to invite users. It is available to any verified trader. A user who has registered on the platform using TU’s referral link will bring you income by trading on partner exchanges. The benefits are: up to 15% from each payment of your referral; $1.9 per referral fee for whoever bought the ExplorerHopper package; $4.9 per referral fee for whoever purchased the Adventure Hopper package; $9.9 per referral fee for whoever bought the HeroHopper package. |
Each user who follows your referral link and registers at the site will become your referral (partner). The advantage of a referral to register through your link is that he will get a welcome bonus on the first deposit of 20%. Your benefit is tremendous. For each referral, you get 20% of commission for all his further trading transactions. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Lbank
-
Comment
Customer support is slow to respond, and security concerns are unsettling. Additionally, the lack of clear information about transaction fees can make it challenging for users to accurately assess the costs of trading on Lbank, further adding to the frustration and dissatisfaction among clients. Lbank falls short of expectations, and I would advise caution when using it.
-
Comment
They called from Lbank Exchange and said that they take all the funds from my deposit to the account in payment for a telephone conversation with the manager. And they chose the tone, well, very persistent and arrogant! They stole $450 from me! Shame is simple, it's just thieves!
-
Comment
Lbank is a scam. The conditions that are allegedly offered for trading tend to change. It turns out that the benefit is doubtful from trading in this company. You can try, of course, to trade here, but I don’t think anyone will like it.
-
Comment
I started trading on Lbank in 2020. Everything went fine and I even managed to withdraw my first profit. Over time, the company has significantly improved its service and diversified its range of assets. In addition to actively trading on this platform, I also passively invest here. The staking conditions are just fine.
-
Comment
A perfect Lbank exchange is still far away, but over time it may well take a place at the top. In many respects, the exchange is already winning against a background of competitors because it has a loyal commission policy, a wide variety of assets, and opportunities for both active and passive earnings. During the six months that I have been trading here, I have not seen problems with either the execution of transactions or the withdrawals of profit. The service works 24/7. The minuses include a weak support team and the lack of a variety of communication channels.
Top 5 Reviews on Cryptohopper
-
Comment
If you want to automatically trade cryptocurrencies, Cryptohopper is a good option. It has both ready-made robot programs and a constructor that helps traders independently create a trading program for automatic opening of orders when trading cryptocurrencies. And here a lot will depend on the trader’s strategy. That's why I chose Cryptohopper.
-
Comment
I think that they shouldn’t write negative reviews of Cryptohopper. Indeed, this is not a standard cryptocurrency exchange. But there are good opportunities for automatic trading on different exchanges. Trading programs are created based on templates. If you have no trading experience, you can use a ready-made trading advisor. Nobody says it is safe and 100% profitable. Everything is like ordinary trading.
-
Comment
It is better not to start working with cryptohopper. It’s a terrible platform for exchange or trading, everything here works with problems. And cryptohopper charges a large fee for such services. The exchange administration claims that they do not charge a deposit fee. But when I entered USDT 600, I only received 570. And the rest of the money, according to support, was withheld as a fee. So this is how they deceive traders here.
-
Comment
Tried trading with Cryptohopper's robots and realized that I made a big mistake. You cannot trust third-party software when you are trading and using your own money, especially when it comes to cryptocurrency trading. The robot programs at Cryptohopper are not the cheapest, and you can only test them by fully paying for the rental. As a result, I lost money both in renting and in trading with the robots.
-
Comment
I can confidently say that Cryptohopper is a scam. I don't know what kind of trading bot designer the company offers. I used to rent trading bots that they designed. By the way, I was immediately offered ready-made programs for trading. And it was these Cryptohopper bots that led me to lose almost BTC 0.38. Of course, no one returned my money to me.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.