Lbank vs Bibox: Fees, Coins, Safety Comparison
| Feature | Lbank | Bibox |
|---|---|---|
Overall |
3.0 |
2.6 |
1 |
1 |
|
3.7 |
2.6 |
|
3.9 |
3.2 |
|
Investment Instruments |
3.4 |
2.5 |
Platforms and Charting Tools |
3.4 |
2.4 |
Deposit and Withdrawal |
3.7 |
2.5 |
Research |
3.5 |
2.7 |
Education |
2.3 |
2.4 |
Support |
3.2 |
2.9 |
Bonuses |
2.4 |
3.5 |
|
Your capital is at risk.
|
Lbank vs Bibox: Pros and Cons
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%).
The Bibox cryptocurrency exchange offers margin trading and futures trading with up to 1:150 leverage. The service for trading tokens is available in two versions – basic (simplified) and full-screen (full range of functions). Bitcoin, Ethereum, BitcoinCash, Litecoin, Ripple, BIX Token, and many other cryptocurrencies and coins are traded on the site. There are ten fiat currencies represented, including the US dollar and the Japanese yen. This cryptocurrency exchange offers five investment solutions, an integrated service for copying trades, and a set of customizable trading bots. The commissions are average for the segment. They can be reduced by trading the website's token, as well as using the rebate from the Traders Union.
| Lbank | Bibox | |
|---|---|---|
| Overall Pros | tons of cryptocurrencies and tokens, margin, futures, options, and ETF trading; | You can trade the most popular cryptocurrencies and coins here; |
| two fiat currencies — US dollar and Chinese yuan, most deposit/withdrawal options are available, including debit cards; | ten fiat currencies are also available for trading; | |
| variety of markets for margin and futures trading; | ||
| direct purchase of cryptocurrency using bank cards and accounts is possible; | leverage up to x150 is available in all directions; | |
| profitable investment programs for passive income on unused cryptocurrency; | five profitable investment solutions; | |
| standard referral program with interest payments from the commission of the invited user; | ready-made trading bots; | |
| non-obligatory FYC verification, high level of on-site security | a trade copying service; | |
| innovative microservices based on machine learning; | ||
| variety of options for reducing commission fees. | ||
| Overall Cons | no demo accounts, training programs, or specialized solutions for beginners; | no demo-accounts; |
| connection with the technical support of the company is only by email; | no call-center; | |
| no call center. |
Lbank vs Bibox: Safety and Regulation
| Regulated By: | Lbank | Bibox |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
Lbank vs Bibox: Trading Conditions
| Trading Conditions | Lbank | Bibox |
|---|---|---|
Minimum Deposit |
No |
$1 |
Trading Platforms |
TradingView |
TradingView |
Max Leverage (Futures) |
No |
1-150 |
Number of Markets |
497+ |
150+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptos, USD, CNY |
Cryptocurrencies, US dollar, Japanese yen, and a number of other currencies |
Lbank vs Bibox: Fees
Trading Fees
| Fee | Lbank | Bibox |
|---|---|---|
Max Maker |
0.10% |
0.10% |
Max Taker |
0.10% |
0.20% |
Min Maker |
0.10% |
0.10% |
Min Taker |
0.10% |
0.20% |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
| Fee | Lbank | Bibox |
|---|---|---|
Max Maker |
0.10% |
0.10% |
Max Taker |
0.10% |
0.20% |
Min Maker |
0.10% |
0.10% |
Min Taker |
0.10% |
0.20% |
Non-Trading Fees
| Fee | Lbank | Bibox |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
Not supported |
BTC Withdrawal Fee |
0.0001 |
0.001 BTC |
Inactivity Fee |
No |
No |
Lbank vs Bibox: Trading Assets
| Asset Name | Lbank | Bibox |
|---|---|---|
Overall |
497+ |
120+ |
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) |
No |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
No |
Crypto ETF |
No |
No |
Lbank or Bibox: Investment Programs
| Asset Name | Lbank | Bibox |
|---|---|---|
Staking |
Yes |
No |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
DeFi mining, Bibox Real Mining HashRate |
Trading Platforms: Bibox or Lbank
| Lbank | Bibox | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Bibox or Lbank
| Lbank | Bibox | |
|---|---|---|
SMS Based 2 FA |
Yes |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
No |
Yes |
Filters |
No |
Yes |
Technical Analysis: Bibox or Lbank
| Lbank | Bibox | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Bibox or Lbank
| Lbank | Bibox | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bibox or Lbank
| Lbank | Bibox | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
Lbank vs Bibox: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Lbank | Bibox |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Lbank vs Bibox: Research
| Research Type | Lbank | Bibox |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Lbank vs Bibox: Education
| Education Type | Lbank | Bibox |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Bibox vs Lbank: Support
| Support Features | Lbank | Bibox |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Lbank vs Bibox: Crypto Bonuses and Promo
| Promo | Lbank | Bibox |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
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. |
There are six levels defined by the BIX volume. At the first level (less than 5,000 coins on the account), you get 20% of the referral commission. At the sixth level (over 500,000 coins), your fee shall be 50% of their commission. |
|
Your capital is at risk.
|
Top 5 Reviews on Bibox
-
Comment
I will not extol the Bibox exchange. Yes, undoubtedly, this cryptocurrency exchange has a high rating, and there are quite low commissions for trading operations. There are many pluses and minuses. It should be especially noted that the trading volumes do not correspond to the actual ones. The volumes for the main cryptocurrency pairs are normal here. But there are more than 500 such pairs now. And for many assets, the trading volumes are wound up by robots. Thus, quantity does not translate into quality, and problems are created for customers. Bibox should change its policy on illiquid coins.
-
Comment
I don't trust cryptocurrency exchanges. Lately, hacks and thefts of cryptocurrency from the accounts of clients of different exchanges have happened very often. But the Bibox is holding on so far, and their defenses are successfully coping with attacks. We can say that it is safe to store cryptocurrency here. The exchange itself, in my opinion, treats clients fairly. The support service works professionally, and communication takes place through email and through instant messengers. The platform for exchanging and trading instruments is modern, and there is both a web version and a mobile one. The conditions for traders are quite good, so after a year of trading, I am not going to change the Bibox exchange to another one yet.
-
Comment
In the field of cryptocurrency, I prefer to work with Asian crypto exchanges, including the Bibox exchange. Compared with its peers, this exchange is younger but quite promising. Not so long ago there were about 90 tokens for exchange and trade, now their number has increased to 180. Any user can apply for listing their token for free, and users who own internal BIX tokens vote for each proposed new token, and this is a good opportunity to launch a new token. New tokens appear on the Bibox exchange all the time, but you need to be very careful when buying such tokens. At the time of their appearance in the listing, their price can go up strongly, and then it can go down dramatically as well.
-
Comment
As long as you are losing money or making little money, Bibox will accurately execute the transactions. But as soon as you start earning normally, miracles begin. I do not recommend this company.
-
Comment
Bibox is a secure cryptocurrency exchange. Before opening a Bibox account, I studied the history of the company. While working here, there has been no hacking of client accounts, even though the rating of the exchange is high. That is to say, Bibox attaches great importance to safety, and it pleases me. As for cooperation with the exchange, many chips help clients earn both actively and passively. I prefer passive income. The exchange offers clients the opportunity to invest in short-term and medium-term investment programs. A lot of clients participate in the investment program for new members, where the expected return is 24%. I prefer more conservative investment methods and invest in Star I. The investment is made for 30 days with a yield of 8.5%.
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.
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.