Lbank Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Loads of cryptocurrencies and tokens, two fiats
- free listing
- large number of investment programs with high interest rates
- low fixed fees
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Loads of cryptocurrencies and tokens, two fiats
- free listing
- large number of investment programs with high interest rates
- low fixed fees
Our Evaluation of Lbank
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Lbank is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 9.32 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Lbank clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Lbank crypto exchange provides comfortable trading through a functional trading terminal like TradingView in the browser, as well as through an application for mobile trading. There are many crypto-crypto and crypto-fiat pairs involving the most popular cryptocurrencies and tokens. Commissions are lower than the market average and can be further reduced by bonuses in the form of rebates from the Traders Union. Large selection of investment programs (staking). The affiliate program is the standard, one-level. The site is convenient for new traders as well as for professionals.
Brief Look at Lbank
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%).
- tons of cryptocurrencies and tokens, margin, futures, options, and ETF trading;
- two fiat currencies — US dollar and Chinese yuan, most deposit/withdrawal options are available, including debit cards;
- direct purchase of cryptocurrency using bank cards and accounts is possible;
- profitable investment programs for passive income on unused cryptocurrency;
- standard referral program with interest payments from the commission of the invited user;
- non-obligatory FYC verification, high level of on-site security
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
The Lbank cryptocurrency exchange was founded in 2016 in China, and is operated by the Superchains Network Technology Co. Ltd. In 2019, it underwent a total rebranding with the addition of many new features, which sparked another wave of interest in the platform. The company works transparently, under the financial laws of China according to its license.
A ground-breaking exchange for cryptocurrency and token trading is offered to users. The pool of tokens is constantly replenished, as there is a free listing with simplified registration. In addition to the Chinese yuan, only the U.S. dollar is represented from fiat currencies. The trading terminal is integrated into the site, is a standard TradingView model. This analog for mobile gadgets is implemented in the form of applications adapted to iOS and Android. The applications are well optimized, experts have not revealed any vulnerabilities or bugs during the testing.
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 rate for the riskiest programs can be as high as 92%. It is also possible to earn passively on the invited referrals, for which the trader receives 20% of the commission on each of their trading transactions.
Lbank Summary
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, USD, CNY |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptos, currencies, ETFs, Futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Loads of cryptocurrencies and tokens, two fiats; free listing; large number of investment programs with high interest rates; low fixed fees |
| 🎁 Contests and bonuses: | Yes |
Lbank crypto exchange does not set a minimum deposit to start trading. This means that the user has to register and verify himself. Then he enters funds at his discretion, there are no limits, minimum and maximum deposit thresholds for him. There is no leverage for all types of trading, including margin trading. You have an opportunity to trade only with your funds deposited to the exchange's internal account. Technical support can be contacted by email, indicated in the footer of the site. Technical support works 24/7, but because communication is carried out by email, the service cannot boast of prompt responses to requests from users.
Share your experience
- Best
- Last
- Oldest
Commissions & Fees
Commissions for the maker and the taker are equal, 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 exactly this commission without any special conditions. There are no commissions for depositing funds, but the exchange charges a commission for their withdrawal.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.1% per order | Yes |
The withdrawal fee is fixed for each asset, as well as the possible minimum amount. For example, you can withdraw not less than ₿0.001 with ₿0.0006 as the commission. For Tether the conditions are as follows: not less than ₮100 to withdraw with a fixed commission of ₮30. There are different conditions for each asset, you can see them in the "Fees" section.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Lbank crypto exchange offers investment solutions based on staking. Any user can invest a portion of their funds in emerging blockchain projects that are partners of the site. No unnecessary additional steps are required to participate in these programs. You only need to go to the "Finance" section of the site, where there are two subsections:
"Flexible." Here you will find investment programs with an open deposit. This means that once you have made a deposit, you can adjust it at any time or withdraw it completely. But if you reduce or withdraw the deposit before the end of the program, you will naturally receive a reduced payment.
"Fixed." These are investment programs with a closed deposit. After making a deposit, you will not be able to adjust it or send it for withdrawal. There are many more programs of this type, and the interest rate on them vary.
The interest rate depends on the specific program. As a rule, it ranges from 6% to 63.6%. However, the deposit can almost double for certain programs. Please note that the crypto exchange is not responsible for the actions of its partners. These are proven projects operating officially, but staking always involves a certain amount of risk.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Lbank’s affiliate program:
The referral program of the Lbank crypto exchange is quite standard. To participate in it, a user needs to register and undergo KYC verification. After that, a personal referral link will be available in myAlpari, which can be placed on any site without restrictions.
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.
The program is one-tier, so you do not receive payments for users who were invited to the platform by your partners.
Perpetual program, so you will get the commission for each partner as long as he/she is trading on the platform.
The program is unlimited, so you can invite as many users as you want, there are no restrictions on partners.
User Satisfaction