📘 General Information about the LBank Exchange
LBank is an international cryptocurrency exchange founded in 2015 in Hong Kong by Eric He. Formally, the platform is operated by Superchains Network Technology, a Chinese enterprise based in Hong Kong, which allows it to circumvent China’s cryptocurrency restrictions. The exchange is legally registered in the British Virgin Islands, with a head office linked to the Indonesian company PT LBK Technology, and additional offices in the BVI, Lithuania, Canada, and Singapore.
- 🔸 Over 800 cryptocurrencies and thousands of trading pairs (BTC, ETH, altcoins, and meme tokens)
- 🔸 Full product suite: spot and margin trading, futures (perpetuals), copy trading, Earn programs, Launchpad, and Launchpool
- 🔸 NFT marketplace, crypto card, and the educational portal LBank Academy
Over the years, LBank has expanded its presence to more than 210 countries and attracted an audience of over 15 million users (other estimates put the active audience at 9–12 million). The platform’s daily turnover reaches $3 billion, confirming its high liquidity and popularity among traders, especially in the small-cap altcoin and memecoin segments.
The exchange positions itself as a universal ecosystem for crypto investors, offering not only standard trading features but also unique products:
- 🌱 LBank Labs — an in-house venture arm investing in promising crypto projects.
- 🎓 LBank Academy — an educational platform with learning materials and webinars.
- 💳 LBank Crypto Card — the ability to use cryptocurrency for everyday expenses.
🏆 Exchange Awards and Achievements
| Year | Award | Source |
|---|---|---|
| 2024 | 🏅 Best Centralized Exchange (CEX) | Crypto.News Awards |
| 2024 | 🚀 Best Exchange for Altcoins and Meme Tokens | Hong Kong Expo |
🔍 Regulation and Licenses
Despite its stated security and the absence of serious incidents with user assets, LBank’s regulatory status is ambiguous. The exchange has several licenses and registrations:
- 🇺🇸 NFA membership (USA) and registration as a Money Services Business in the US and Canada.
- 🇪🇺 Registration in the Italian OAM registry, licenses in Lithuania and Australia.
However, access to the platform is restricted in the US, Canada, China, Russia, Iran, and a number of other jurisdictions due to local regulations.
⚠️ Reputation and User Reviews
Reviews of the exchange are quite mixed. On Trustpilot, LBank has a low rating of 1.8 out of 5 (“Bad”) with 73% negative reviews. Frequent user complaints include:
- 🔻 Account freezes without explanation.
- 🔻 Withdrawal delays.
- 🔻 Weak customer support.
Exchange representatives explain such situations by the need for strict risk control and recommend that users promptly complete the KYC process.
📉 Situation with the LBK Native Token
LBank issued its own token, LBK, which provided fee discounts and access to exclusive programs. However, in July 2025 the exchange was forced to suspend LBK trading due to regulatory requirements. LBank offered compensation to token holders by buying them back at 1.2x the average purchase price. This move sparked discontent among some users, who viewed the freeze of the exchange’s own token as a worrying signal.
🔖 Key Takeaways
Key advantages and disadvantages of LBank:
- ✅ Wide selection of coins and ultra-fast listing of new tokens
- ✅ Low trading fees (0.1%) and a variety of trading instruments
- ✅ Additional services (NFT, crypto card, venture investments)
- ❌ Mixed reputation and withdrawal issues
- ❌ No regulation by top global authorities (SEC, FCA)
Thus, LBank is a fast-growing platform focusing on new and high‑risk crypto assets. It suits traders aiming to trade altcoins at early stages and use high leverage. However, users are advised to exercise caution and keep in mind the potential risks of using platforms without strict regulation.
🔥 Get Registration Bonuses on LBank
⚡ Trade without verification, join Launchpad, and earn bonuses up to $6,000
💱 Spot Trading on LBank
LBank’s spot market impresses with its variety of assets: over 800 cryptocurrencies and around 1,300 spot pairs—from popular ones (BTC, ETH) to exotic low-cap tokens. The exchange is especially known for its rapid listing of new coins and meme tokens, many of which appear within an hour of a smart contract being deployed.
Spot trading features on LBank:
- 🚀 Fast listing of new meme tokens
- 💸 Flat fees: 0.10% (maker/taker)
- 🎯 Trading terminal with TradingView charts and advanced order types
- 💳 Support for over 50 fiat currencies and 20 payment methods (Visa/MasterCard, Apple Pay, etc.)
- 📱 Convenient mobile app (iOS/Android)
Liquidity on LBank is high for the main pairs (BTC/USDT, ETH/USDT). The exchange positions itself as a leader in memecoin liquidity with the “Top 1 in Meme Liquidity” initiative. However, for less popular assets, liquidity can be limited, with risks of manipulation and wash trading.
📈 Futures and Perpetual Contracts
LBank offers trading in perpetual futures with leverage up to 125x (on top pairs) and up to 200x (on select assets). Both linear (USDT) and inverse (BTC/USD) contracts are available across more than 260 markets, including meme tokens with near‑instant listings.
- ⚙️ Cross and isolated margin, hedge mode (simultaneous long and short)
- 🛡️ $100 million insurance fund to protect traders from anomalies (wick events)
- 📊 Funding rate is applied every 8 hours
- 💰 Competitive fees: maker 0.02%, taker 0.06%
📊 Margin Trading on LBank
Classic margin trading (Spot Margin) on LBank is available with leverage up to 3x in both cross and isolated margin modes:
- 🔄 Cross margin: a shared pool of funds, flexible but with a high risk of liquidating the entire balance
- 🔒 Isolated margin: each position is secured by a separate collateral, limiting risk
- 💳 Borrowing interest: 1–4% per annum, accrued daily on the borrowed amount
- ⚖️ Fees are the same as spot (0.1%) with no additional funding charges
🧮 Options on LBank
As of 2025, LBank does not offer crypto options trading. Instead, traders are offered alternative instruments:
- 📉 Perpetual futures
- 📈 Leveraged tokens (ETF‑like tokens, typically x3)
🤖 Copy Trading and Trading Bots on LBank
LBank actively develops automated and social trading:
- 👥 Copy Trading: automatic copying of experienced traders’ deals, leaderboards, performance stats
- 🤖 Grid bots: grid trading on spot and futures, automatic order placement within a specified range
- 📈 Support for external bots via API (WunderTrading, CryptoRobotics)
Advantages of automated trading on LBank:
- ✅ Simple and convenient for beginners
- ✅ Diversification of strategies and traders
- ✅ Potential passive income without constant market monitoring
- ⚠️ Risk of losses with poor trader selection or incorrect bot parameters
👥 Subaccounts on LBank
The subaccount functionality, which allows traders to separate strategies and manage access on one platform, is absent on LBank (as of 2025). Each user can have only one main account to which all funds and trading operations are tied.
Consequences of the absence of subaccounts:
- ❌ Impossible to separate funds for different strategies or trading types
- ❌ No ability to provide limited access to another trader or a bot
- ❌ Inconvenient for asset managers and professionals who need separate API keys
By comparison, major exchanges (Binance, Bybit) offer flexible subaccount functionality with limits and access rights management. On LBank, such functionality is entirely missing.
If subaccounts are critical for your strategy or business, keep this feature gap in mind and consider alternative exchanges.
🛡️ Verification on LBank (KYC)
LBank is known for a relatively lenient identification (KYC) policy. Users can trade and withdraw cryptocurrency without mandatory identity verification, but with certain limitations:
- 📉 Lower withdrawal limits for unverified accounts (up to 300,000 USDT per day)
- 🚫 Fiat operations (buying/selling crypto for fiat) are unavailable
- 🚫 Limited access to Launchpad, Launchpool, and the LBank crypto card
📑 KYC Levels on LBank
| KYC Level | Requirements | Available Features |
|---|---|---|
| No KYC | Registration via email/phone | Crypto‑to‑crypto trading, crypto withdrawals up to 300k USDT/day |
| KYC Level 1 | Document (passport, ID, driver’s license) | Full access to fiat operations, higher limits, access to Launchpad |
| KYC Level 2 | Selfie or video identification (biometrics) | Maximum withdrawal limits, full unlock of all exchange features |
🌍 LBank Regional Restrictions
The exchange blocks service to users from a number of countries:
- 🇺🇸 USA
- 🇨🇳 China
- 🇷🇺 Russia
- 🇰🇵 North Korea
- 🇮🇷 Iran and other sanctioned countries
Residents of these jurisdictions cannot register or pass KYC, and attempts to bypass restrictions (e.g., via VPN) may lead to account freezes.
⚙️ Practical Approach to KYC on LBank
Although crypto‑to‑crypto trading remains available without identity verification, for most users KYC is the optimal choice, ensuring full functionality and account protection in disputed situations (e.g., in case of a hack or trade disputes).
🎁 Bonuses and Promotions for Newcomers
LBank actively attracts new users through various bonus programs. The exchange promises welcome rewards of up to $6,000, consisting of a series of bonuses and coupons for completing certain tasks:
- 🎟️ Fee coupons (discounts or temporary fee waivers)
- 💵 Deposit bonuses and bonuses for first trades (spot, futures)
- 🎫 Lottery tickets and access to exclusive raffles
- 📌 Cashback and airdrops of new tokens
Examples of tasks for newcomers:
- ✅ Register via a referral code or link — 20% fee discount and additional bonuses
- ✅ First spot trade from 100 USDT — bonus coupon
- ✅ First futures trade from 1,000 USDT — additional bonuses
- ✅ First deposit from 100 USDT — bonus funds to the account
The exchange also regularly runs promotions, contests, and events for active traders:
- 🏆 Tournaments with large prize pools (up to 10,000 USDT and above)
- 🎉 “Carnival” and other weekly promo events with volume‑based bonuses
- 💎 Airdrops of new tokens (in Q1 2025 there were 55 airdrops totaling about ~$20 million)
Beyond newcomers, experienced traders can use LBank promotions to improve trading conditions: during contests, liquidity increases, zero fees may appear, and winners can significantly boost their balances. However, do not participate in every promotion—especially if it doesn’t fit your trading strategy.
💧 Liquidity on LBank
Liquidity is a key indicator of reliability and convenience for traders. For major crypto assets (BTC, ETH, and other large‑cap coins), liquidity on LBank is sufficiently high thanks to a significant daily turnover of over $3 billion and the presence of major market makers.
Liquidity features on LBank:
- ✅ High liquidity for major pairs (BTC/USDT, ETH/USDT)
- ✅ Rapid listing of new meme tokens, ensuring good liquidity for new coins
- ✅ “Top 1 in Meme Liquidity” program to ensure minimal slippage
- ⚠️ Potentially limited liquidity on very small and new tokens
LBank runs special campaigns and contests to further increase liquidity on trading pairs with new assets. However, there are suspicions of artificial volume inflation (wash trading), which at times draws criticism from traders and analysts.
🔄 OTC Trading on LBank
For large trades, the exchange offers an OTC service (over‑the‑counter transactions) via a dedicated liquidity desk, ensuring the execution of large orders without impacting the broader market.
🛡️ Anti‑Manipulation Policy
LBank declares strict control over market manipulation (wash trading, pump & dump, and other schemes) and regularly monitors suspicious trading activity.
Conclusions on LBank liquidity:
- 👍 High liquidity on major crypto assets
- 👍 Good liquidity for memecoins and new listings
- ❌ Possible issues on small and little‑known assets
- ❌ Suspicions of artificial volume on some pairs
Overall, liquidity on LBank is sufficient for most traders; however, large investors operating with substantial sums should approach trading in small markets with caution.
🖥️ LBank Interface Usability
The LBank platform interface is designed to meet the needs of both beginners and experienced traders. The exchange strives for intuitiveness and simplicity, avoiding clutter and overly complex settings at the first stages of acquaintance.
- 💡 Clear site structure: quick access to the main sections (spot, futures, Earn, copy trading, NFT).
- 🌙 Dark and light themes for comfortable long sessions.
- 🌍 Support for over 20 languages, including high‑quality translations into Russian, English, Chinese, Spanish, and others.
- 📱 Convenient mobile app for iOS and Android, including a full feature set (spot, futures, staking, NFT, news).
- 📈 Interactive TradingView charts with basic and advanced settings.
On the desktop (web) version, the interface runs quickly and stably even during high market volatility. Users note the simplicity of the terminal and convenience of basic functions, while advanced traders can enable additional settings (order types, time in force, etc.).
📱 LBank Mobile App
The mobile apps have received positive feedback:
- ✅ Convenient and intuitive interface
- ✅ Approx. 120 MB in size, easy to install and launch
- ✅ Built‑in alerts, news, and an Academy section for learning
- ✅ Average user rating around 3–4 stars out of 5
🔧 Customization and API Capabilities
LBank provides an API for connecting trading bots and allows limited interface customization: grouping favorite pairs, hiding balances, and rearranging widgets.
Weak points of the LBank interface:
- ❌ No full‑featured demo mode
- ❌ Limited functionality of P2P trading
- ❌ Sometimes difficult to reach live support due to the chatbot
Overall, the LBank interface is highly rated by users for convenience, speed, and ease of use. The platform is suitable for beginners and for experienced traders accustomed to the standard feature set of crypto exchanges.
🚀 Launchpad and Token Sales on LBank
One of LBank’s key advantages is the Launchpad platform, which gives users early access to tokens of promising projects before public listing. The exchange also offers Launchpool, allowing users to farm new tokens via staking.
- 🚀 Participation in token sales via subscription or lottery models
- 🎯 High earning potential: examples of growth up to 11,226% after listing
- 📊 Diversified projects: DeFi, GameFi, infrastructure, and meme tokens
- 🔒 Mandatory KYC verification for participants
🌱 Launchpool on LBank
Launchpool allows you to receive new tokens for free by staking assets for short periods (usually 7 days). Annual yields on some projects can reach 2,574% APY and higher.
How to participate in Launchpad and Launchpool:
- ✅ Register and pass KYC
- ✅ Maintain an average balance or trading volume during the preparation period for the token sale
- ✅ Fulfill staking or subscription requirements specified in the project description
📅 LBank ICO Calendar
The exchange’s website has a convenient ICO calendar with ongoing, upcoming, and completed token sales, allowing investors to track results and choose suitable projects.
🔍 Summary of Launchpad and Launchpool:
Pros and cons of participating in LBank token sales:
- 👍 High profit potential from early entry into projects
- 👍 Easy participation without mandatory extra tokens
- ❌ High risk of losses on new and volatile assets
- ❌ Sometimes low project quality (especially meme tokens)
Overall, Launchpad and Launchpool on LBank are useful tools for investors seeking the advantage of early access to projects. The key is to choose projects carefully and keep the risks in mind.
💸 LBank Fees: Trading, Deposits, and Withdrawals
LBank offers a simple and transparent fee structure that is attractive to most users thanks to low, flat rates:
📈 Trading Fees:
| Trading Type | Maker | Taker | Note |
|---|---|---|---|
| Spot trading | 0.10% | 0.10% | Flat for all users |
| Futures (perpetuals) | 0.02% | 0.06% | Competitive rates |
| Margin trading | 0.10% | 0.10% | Plus interest for borrowed funds |
| Leveraged Tokens | 0.20% | 0.20% | Higher fee due to asset management |
| P2P trading | 0% | 0% | No exchange fee; payment systems may charge fees |
💳 Deposits and Withdrawals:
- ✅ Crypto deposits: free
- ✅ Fiat deposits (cards, bank transfers): third‑party gateway fees (typically 0–3%)
- ✅ Crypto withdrawals: only the network fee (miner fee) is charged
- ✅ Internal transfers between LBank accounts: free
⚠️ Hidden Costs:
- 📌 Funding payments on perpetual contracts (accrued every 8 hours)
- 📌 Spreads on instant exchange (Instant Buy/Sell)
- 📌 Possible provider spread when buying crypto for fiat
Overall, LBank provides clear, low, and stable fees that benefit most traders without hidden surprises.
🛡️ Security and Regulation on LBank
The security of funds and regulatory standing are key factors when choosing a cryptocurrency exchange. LBank implements a comprehensive set of measures to protect customers and comply with international standards.
🔒 Technical Security Measures:
- 💾 Most funds are stored in cold wallets with multi‑signatures
- 🔐 Mandatory two‑factor authentication (2FA) via Google Authenticator or SMS
- 📨 Anti‑phishing code to verify the authenticity of emails from the exchange
- 📋 Whitelist of addresses for secure withdrawals
- 🔍 Regular security audits and a bounty program for vulnerabilities
- 🧾 Proof of Reserves using a Merkle tree
⚖️ Regulation and Licenses:
- 📌 MSB registration in Canada and the USA
- 📌 Registration as a VASP (Virtual Asset Service Provider) in Lithuania
- 📌 Local branches in Indonesia, BVI, Lithuania, and other countries
- 📌 Compliance with international AML/KYC standards
🛑 Protection Against Fraud and Manipulation:
- 🚨 Internal rules against manipulation (wash trading, pump & dump, and other schemes)
- 🛡️ Monitoring systems for suspicious activity and freezing of dubious accounts
- 🔎 Cooperation with law enforcement in investigating hacks and fraud
📌 Problem Areas:
- ❌ Potential account freezes under the pretext of “risk control”
- ❌ Limited legal guarantees in disputes due to the exchange’s offshore status
Overall, LBank offers a high level of technical protection and adheres to international AML/KYC standards; however, due to regulatory specifics, caution is advised, and users should take personal responsibility for their asset security.
🧩 Additional Services on LBank
LBank offers an extensive ecosystem of additional services, making the platform a convenient “all‑in‑one” solution for crypto users.
💰 Earn Products
LBank provides passive‑income products similar to bank deposits:
- LBank Flexible: a flexible deposit with daily interest accrual and instant withdrawal. Rates range from 2% to 50–100% per annum (promotions can reach up to 290% APY).
- LBank Locked: a fixed‑term deposit (7, 30, 90 days) with a higher rate but without early withdrawal.
🤝 P2P Trading
A venue for direct crypto‑for‑fiat exchanges between users, with no exchange fee:
- ✅ Support for over 50 fiat currencies and many payment methods (bank transfers, e‑wallets)
- ✅ Escrow system for secure transactions
- ⚠️ Users must exercise caution and verify receipt of funds themselves to avoid fraud
🖼️ NFT Marketplace
LBank offers an integrated NFT marketplace for creating, buying, and selling NFTs:
- 🎨 Digital art collections, in‑game tokens, domain names
- 🔄 Full integration with the exchange account (no need to set up a separate wallet)
- 📈 Ability to issue your own NFTs after moderation
👛 LBank Wallet
A custodial wallet built into the exchange platform:
- 💼 Asset storage with private keys controlled by the exchange
- 🔐 Hot and cold storage to ensure security
- ⚡ Instant transfers to other LBank users without fees
🎓 LBank Academy and Education
The platform’s educational section offers:
- 📚 Articles and guides for beginners and experienced traders
- 📹 Educational videos on blockchain basics, trading, and investing
- ❓ FAQ and reference information about exchange products
🚀 LBank Labs
The exchange’s venture division that invests in promising blockchain startups and incubates new projects:
- 📌 Over 100 investments in DeFi, Polkadot, NFT, and other areas
- 📌 Potential early listing of new tokens from LBank Labs’ portfolio on the platform
📞 OTC Trading
Over‑the‑counter deals for traders and institutional clients with large sums:
- 💼 Slippage‑free trades at fixed prices
- 📌 Personal support via LBank’s OTC desk
- 📌 Suitable for volumes of $50,000 and above
💳 LBank Crypto Card (announced)
A proprietary debit crypto card for in‑store payments (planned for the EU and other regions):
- 💳 Linked to the exchange balance with instant conversion of crypto to fiat
- 💰 Cashback up to 10% on select categories
📌 Summary of Additional LBank Services:
Advantages and disadvantages of the ecosystem:
- 👍 Wide range of tools for passive income and investment
- 👍 Convenience of all services on a single platform
- 👍 Educational materials for beginners
- ⚠️ Risks of concentrating all assets and services with a single provider
- ⚠️ Limited NFT marketplace volumes and assortment compared to market leaders
Thus, LBank provides a full‑fledged ecosystem that can meet most needs of crypto investors and traders, but it requires a prudent approach to risk management.
🛠️ Practical Tips for Using LBank
The LBank exchange offers rich functionality, but to maximize trading efficiency and security, it is important to follow a few basic recommendations:
Core tips for working with LBank:
- 🔒 Set up two‑factor authentication (2FA): immediately after registration, enable Google Authenticator, set an anti‑phishing code, and configure a withdrawal address whitelist.
- 📑 Pass KYC if you plan to trade actively: this increases limits and unlocks all platform features.
- 🚫 Be cautious if you are in a restricted region (e.g., the USA): avoid large withdrawals and sensitive operations that might draw compliance attention.
- 📉 Check liquidity before large trades: study the order book and volumes to avoid heavy slippage.
- 🛡️ Always use stop‑losses and limit orders: especially in futures trading to minimize risks.
- 💼 Do not keep large amounts on the exchange for a long time: long‑term investments are better stored in your own cold wallets.
- 🔍 Do your own research (DYOR) on new tokens: do not invest blindly just because a coin is listed on LBank.
- 🎁 Participate in promotions and Launchpad wisely: don’t commit more than you can afford to lose, and avoid risky trades solely for bonuses.
- 💳 Withdraw large sums in parts: split big withdrawals to avoid risk‑control delays.
- ⚖️ Use leverage carefully: don’t take the maximum available (up to 200x) right away; increase it gradually as you gain experience.
- 🤖 Use copy trading mindfully: don’t allocate your entire balance to one strategy; diversify and analyze results.
- 🔑 Restrict API key permissions: provide API access for trading only, without withdrawal rights.
- 🔔 Follow exchange updates and news: subscribe to official social channels and Telegram to avoid missing important announcements and airdrops.
- 💰 Keep a reserve of liquid assets (USDT, BTC): this helps you respond quickly to unexpected market opportunities.
- 🧘♂️ Stay calm and disciplined: avoid panic and euphoria; stick to your strategy and act rationally.
⚠️ Additional Tips:
- 🌐 Use cheaper networks for withdrawals (Tron TRC20, BSC) to save on fees.
- 🚨 Avoid suspicious and manipulative activities to prevent account blocks.
- 🔖 Check the “Rewards Center” regularly for bonuses and promotions.
- 🎓 Use the learning materials in LBank Academy to improve your skills.
- 📞 If problems arise, contact support promptly via chat or email.
🗣️ User Reviews and LBank’s Reputation
For full objectivity, it is important to consider real user reviews of LBank. On popular platforms (e.g., Trustpilot), the exchange’s rating is mixed, averaging around 1.8 out of 5, with a high share of negative feedback.
Main issues mentioned in reviews:
- ❌ Account and fund freezes under the pretext of “Risk Control” when manipulation is suspected.
- ❌ Negative reactions to the delisting of the LBK token and related issues.
- ❌ Delays in verification (KYC) and slow responses from support.
Positive aspects users note:
- ✅ Wide selection of tokens and regular bonus promotions.
- ✅ Successful trading experiences for some users, with no serious problems reported over several years.
- ✅ Issues resolved by support in most cases when contacted promptly.
Therefore, LBank is a functional platform rich in features, but it requires a conscious approach and prudent risk management from users.
✅ Conclusion
LBank has evolved from a little‑known Asian exchange into a powerful global platform offering traders a wide selection of cryptocurrencies, low fees, and diverse trading tools. It is especially popular among investors seeking new tokens and prepared for high risk and volatility. The exchange successfully combines simplicity and convenience for beginners with features attractive to experienced traders: API, high‑leverage futures, copy trading, Launchpad, and passive income.
However, the platform has a number of significant drawbacks. From a regulatory perspective, LBank remains in a gray area—lack of full jurisdiction and licenses makes it less reliable in terms of user rights protection. Customer reviews also point to issues: periodic account blocks on suspicion of manipulation, weak support, and ambiguous actions with its own LBK token negatively affect the exchange’s reputation.
Thus, LBank should be considered a platform with high potential but also significant risks. It is well‑suited for intermediate traders who understand the risks and are ready to leverage its strengths—such as fast listings of new tokens, low fees, and generous bonuses. At the same time, users need to exercise caution, manage risks carefully, and avoid keeping more funds on the exchange than necessary for active trading.