LATOKEN vs Lbank: Fees, Coins, Safety Comparison
| Feature | LATOKEN | Lbank |
|---|---|---|
Overall |
3.0 |
3.0 |
2.6 |
1 |
|
3.4 |
3.7 |
|
4.5 |
3.9 |
|
Investment Instruments |
2.6 |
3.4 |
Platforms and Charting Tools |
2.7 |
3.4 |
Deposit and Withdrawal |
3.9 |
3.7 |
Research |
3.6 |
3.5 |
Education |
3.2 |
2.3 |
Support |
1.7 |
3.2 |
Bonuses |
2.4 |
2.4 |
|
Your capital is at risk.
|
Your capital is at risk.
|
LATOKEN vs Lbank: Pros and Cons
The LATOKEN cryptocurrency exchange is a universal platform for exchanging, buying, and selling cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Tether, TRX, EOS, LA, and dozens of other assets are traded on the exchange. There is no fiat trading on this platform. There is margin swap trading on crypto-crypto pairs, as well as trading on leveraged perpetual contracts. The exchange has a referral program with bonus payments, there is the possibility of passive earnings through staking deposits in DeFi coins, and investing in developing blockchain projects.
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%).
| LATOKEN | Lbank | |
|---|---|---|
| Overall Pros | on the exchange, you can trade Bitcoin, dozens of altcoins, and the most popular tokens; | tons of cryptocurrencies and tokens, margin, futures, options, and ETF trading; |
| after registration, each user receives a welcome bonus in tokens; | two fiat currencies — US dollar and Chinese yuan, most deposit/withdrawal options are available, including debit cards; | |
| advantageous referral program for which you and your referral receive $50 each; | ||
| functional proprietary mobile application developed for iOS and Android gadgets; | direct purchase of cryptocurrency using bank cards and accounts is possible; | |
| comfortable and favorable conditions for investment programs such as staking, deposits in DeFi and large blockchain projects; | profitable investment programs for passive income on unused cryptocurrency; | |
| the opportunity to introduce your own coin to the platform and offer your project for investment; | standard referral program with interest payments from the commission of the invited user; | |
| 99.5% of assets are cold stored; | non-obligatory FYC verification, high level of on-site security | |
| Security: 2FA authentication, TLS encryption, and DDOS protection. | ||
| Overall Cons | no demo accounts or tutorials for novice crypto traders; | no demo accounts, training programs, or specialized solutions for beginners; |
| communication with the technical support of the platform is available only by email and through tickets; | connection with the technical support of the company is only by email; | |
| fiats are not traded on the LATOKEN cryptocurrency exchange because the platform has only cryptocurrencies and tokens. | no call center. |
LATOKEN vs Lbank: Safety and Regulation
| Regulated By: | LATOKEN | Lbank |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Cayman Islands Monetary Authority |
No |
LATOKEN vs Lbank: Trading Conditions
| Trading Conditions | LATOKEN | Lbank |
|---|---|---|
Minimum Deposit |
$1 |
No |
Trading Platforms |
TradingView for browsers; mobile apps; proprietary crowdfunding platform |
TradingView |
Max Leverage (Futures) |
44593 |
No |
Number of Markets |
130+ |
497+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies |
Cryptos, USD, CNY |
LATOKEN vs Lbank: Fees
Trading Fees
| Fee | LATOKEN | Lbank |
|---|---|---|
Max Maker |
0.0022 |
0.10% |
Max Taker |
0.28% |
0.10% |
Min Maker |
0.177% |
0.10% |
Min Taker |
0.221% |
0.10% |
Debit/Credit Card Purchase Fee |
0.01 |
0 |
Futures Trading fees
| Fee | LATOKEN | Lbank |
|---|---|---|
Max Maker |
not supported |
0.10% |
Max Taker |
not supported |
0.10% |
Min Maker |
not supported |
0.10% |
Min Taker |
not supported |
0.10% |
Non-Trading Fees
| Fee | LATOKEN | Lbank |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0.01 |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
0.035 |
Not supported |
BTC Withdrawal Fee |
0,0005 BTC |
0.0001 |
Inactivity Fee |
No |
No |
LATOKEN vs Lbank: Trading Assets
| Asset Name | LATOKEN | Lbank |
|---|---|---|
Overall |
130+ |
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 |
LATOKEN or Lbank: Investment Programs
| Asset Name | LATOKEN | Lbank |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Lbank or LATOKEN
| LATOKEN | 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 LATOKEN
| LATOKEN | Lbank | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: Lbank or LATOKEN
| LATOKEN | Lbank | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Lbank or LATOKEN
| LATOKEN | 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 LATOKEN
| LATOKEN | Lbank | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
LATOKEN vs Lbank: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | LATOKEN | Lbank |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
LATOKEN vs Lbank: Research
| Research Type | LATOKEN | Lbank |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
LATOKEN vs Lbank: Education
| Education Type | LATOKEN | Lbank |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
No |
No |
Webinars |
No |
No |
Lbank vs LATOKEN: Support
| Support Features | LATOKEN | Lbank |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Request form |
No |
LATOKEN vs Lbank: Crypto Bonuses and Promo
| Promo | LATOKEN | Lbank |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
Any user who registers with the platform using your referral link and undergoes identity verification will bring you a one-time bonus of $50. Your partner will also receive a like bonus. Bonus funds cannot be traded or used for investment, but they can be used to reduce trading fees. For each operation, you can pay up to 25% of the commission from the pool of referral bonuses. |
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 LATOKEN
-
Comment
I think that LATOKEN is a low-level exchange. Those looking for good returns and volume have nothing to do here. But for novice crypto traders, LATOKEN is quite a good option. The main thing is to understand this platform and not to risk large orders. Volumes are small for very active trading, but for one or two trades per day this is quite ok.
-
Comment
At the LATOKEN exchange, various methods are used to ensure that users' funds remain on the exchange. The most popular method is using third-party wallets in the user's personal account. This means that the user, by copying the address in their LATOKEN account, transfers funds to a completely different wallet. This happens because the exchange changes the cryptocurrency network. However, the user is held responsible for such transfers, and no one refunds the money to them.
-
Comment
The Latoken exchange inflates trading volumes. As a result, my orders can linger in the order book for a very long time. Even though my orders do not get executed, periodically, orders appear in the order book and quickly disappear. It seems very much like Latoken exchange introduces robots into the trading terminal that engage in trading. I am afraid this might be simulated trading rather than actual trading on the real market.
-
Comment
A very negative opinion about the LATOKEN exchange. There is no communication even with the customer support. When the platform freezes at the moment of order opening, I brace myself for the worst. Several times, when opening an order, LATOKEN provided a price worse than the market price. The platform issues cannot be resolved, and customer support is unresponsive. In general, I had to leave this exchange.
-
Comment
One fine day, I decided to log into my account on the cryptocurrency trading platform provided by Latoken exchange. And what do you think? They had blocked my account. Without any reasons or explanations, and of course, there was a substantial amount of money in it. I received no warning emails. The Latoken support team is ignoring 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.