Yandex

Exchanges

AlanC Exchanges Views: 245

Lbank

0 (0 Reviews)
Start trading
Compare with:
API

Base64

Company Name

Superchains Network Technology Co. Ltd.

Name

Lbank

Country

China

Languages

Chinese, English, Korean

Copy-trading

No

Fees

Fees. The costs of trading at LBank are relatively low, especially in comparison with other leading cryptocurrency exchanges. Both the maker and taker fees are grouped together in a flat fee of 0.10% per...

Fees. The costs of trading at LBank are relatively low, especially in comparison with other leading cryptocurrency exchanges. Both the maker and taker fees are grouped together in a flat fee of 0.10% per trade. The is very low considering most leading exchanges charge at least 0.20% – 0.25% per trade.

Deposit methods

Credit card (VISA/Mastercard)

Maximum deposit

No limit

Maximum withdrawal

No limit

Supported crypto currencies

Bitcoin, Ethereum, Ethereum Classic, Litecoin

Supported fiat currencies

Chinese Renminbi Yuan, United States Dollar

Two-Factor Authentication

Yes

Multi-factor Authentication

Yes

Secured By SSL

Yes

24/7 Online Support

Yes

Contact phone

16234

Contact email
Exchange type

Fiat-to-crypto

Withdrawal methods

Credit card (VISA/Mastercard)

Market
Price
Open 24H
Range 24H
Vol. 24H
% CH
Market
Type
Price
Quantity
Total
Id

Overview

LBB is a quite popular and recognizable cryptocurrency market, which supports quite a large number of cryptocurrencies, such as BTC, QTUM, ZEC, ETH, and VEN. As you will probably see quickly, the company focuses its services on the Asian market, especially in China, although it is also open to players from other parts of the world, which is even indicated by the flawlessly prepared platform in English. The site is very transparent and prepared in an elegant and sophisticated style. The graphic design is wrapped in different types of eye-catching elements and combines a large number of functions, despite being simple.

From the main menu, we can choose the contact with the platform, go to the tab with announcements or check the "Activities" tab, where the most important news related to the LBAS exchange is listed.

 

Charges

It is important to look here at the fees applicable on the platform. A commission equal to 0.1% of the amount processed is imposed for each transaction carried out on the exchange.

Deposits are free, and in the case of withdrawals, the value of the fee depends on various factors - mainly cryptocurrencies we use.

 

Trading

Similarly to many other cryptoclicky stock exchanges, Lbank has its original platform which looks extraordinary. We can also find here advanced tools designed for more experienced traders for technical analysis, such as MACD, RSI, CCI, and KDJ. The WSE provides its players with various types of charts, with the help of which we can check the volume of all transactions in the last 24 hours or another period of time for many different currency pairs. Due to the transparency and great composition of various elements, LBank is a good choice for beginners, who should not have any problems with its service, and those more advanced looking for a platform that meets the requirements in terms of offered features.

Lbank is a stock exchange that is also distinguished by a wide range of supported cryptocurrencies. We find here many different accepted cryptocurrencies aside from the new ones that are added on a regular basis. We can make transactions here using such cryptocurrencies as Bitcoin, Ethereum, Litecoin, Zcash, Qtum, Ethereum Classic and less popular solutions, such as WhiteCoin.

The stock market is very popular. LBank ranks 7th amongst cryptomarket exchanges in terms of volume in the last 24 hours of trading at the time of review. This also directly translates into high liquidity, as in the case of virtually every currency pair, a sufficiently large number of transactions are made.

 

Mobile Application

How quickly we see, there is also a mobile app available for both iOS and Android. Nowadays, many people use smartphones to view news from the world of cryptocurrencies and trading itself. The application was prepared well and does not limit capabilities compared to the Internet platform. The application is also really clear and responsive.

 

Security

Another important issue when assessing crypto exchange is the security aspect. Is Lbank exchange safe?

In terms of user evaluation, the stock market may arouse some suspicions, because it generally stands out with an average rating. This is similar to problems that users had when making payments, and a not satisfying customer service. Also, some elements are not available in English, only Chinese, which also affected the negative opinions about this stock exchange, because unless there is a problem with the fact that it focuses its activities on users from China, that's why I accept players also from other countries, it would be useful to adapt every element of the platform, so that players from other countries would enjoy as much comfort of use as Asian players.

When it comes to security, the stock market has never been hacked, or anything related to it. Secured by SSL protocol, users have the option of establishing two-factor verification, and funds are stored outside the server.

 

Customer Service

As mentioned, players are also disappointed with the insufficient quality of customer service. While users from Asia do not have more problems, the stock exchange definitely "blends" people from other parts of the world and employs too few employees fluent in English, which can be quite problematic. Users from China can contact the exchange staff even via WeChat, while for the rest of the world the contact possibilities have been quite significantly curtailed.

     

    Conclusion

    It can be summarized that LBank is quite a good place to bid, having its own interesting features. But focusing on the Asian market could scare Russian investors due to some feedback on the exchange.

    Screenshots
    Pros & Cons
    • An elegant, transparent and fast platform
    • Many crypts have been supported
    • High liquidity
    • Poor customer service
    • Players from other parts of the world are definitely not a priority
    0 0

    Like us

    ;

    Copyright © 2017 - 2019. All rights reserved.