RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

LBank

LBank Exchange Review

Centralized

LBank Overview

  • LBank is a C2C exchange, short for Customer-to-Customer exchange, that was launched in October 2017. This exchange or blockchain-based platform makes the direct exchange of digital assets between buyers and sellers possible. It is a model that is very close to the peer-to-peer model normally used at decentralized exchanges (DEXs). A LBank exchange review shows that this China-based C2C exchange serves the crypto community via no less than 98 markets.

    LBank offers various advantages to traders and other users of this C2C exchange. A LBank exchange review reveals that they offer low cost trading, spot trading (crypto-to-crypto) and access to 40+ cryptocurrency trading pairs and a boat load of altcoins. In addition, it is possible to trade anonymously as long as no fiat currency is involved in the trades. LBank also offers a C2C Over-the-counter (OTC) trading platform where certified sellers can list their offerings for sale and transact with buyers in a peer-to-peer manner that is safe and convenient.

    A LBank exchange review also reveals that they provide margin trading or leveraging to institutional players and allow for the transfer or depositing of money directly from bank accounts. Furthermore, a LBank mobile app seems to be available for mobile operating systems, including Android and iOS. They also offer a voting mechanism in terms of new tokens to be listed.

    A huge drawback is that the English version of the website has limited info available. Their primary focus seems to be on the Asian markets, but the limited availability of info in English, may serve to scare away many potential customers.

    According to LBank, there are more than 2.6m users registered to the website and approximately 300m USD is transacted per day. For security reasons, although LBank is not regulated, it still uses SSL encrypted servers, provides cold wallet storage of the funds, and two-factor authentication in which it asks for a valid ID.

    Regarding the fees, LBank charges a flat 0.1% transaction fee which is pretty low compared to other exchanges. For each cryptocurrency, LBanks offers a different withdrawal fee and a minimum amount for withdrawal. For instance, there is a 0.01 ETH fee for ETH withdrawals and the minimum single amount is 0.01 ETH. Fiat currency transactions are supported, so the users can deposit or withdraw money via Chinese Yuan (CYN) or US dollars (USD) using their bank accounts. The exchange operates in 5 markets in which the coins are backed against LBCN, USDT, BTC, ETH, GEM.

    Regarding the communication channels, although the website has a Twitter page and seems to be active in its posts, the number of followers and likes is pretty low compared to other exchanges. In fact, the exchange joined Twitter in September 2017, yet it still doesn’t seem to get much customer interaction.

    According to the website, the team’s size is nearly 100 people. One of the co-founders is Eric He, and the other one is He Wei. The CEO is Zen Kim. Chief Operating Officer is Jonghun Hong. One of the names that came up is Claudia Olah, who is the director of global marketing of RadarWin Investment Management Co. Ltd. which is a company investing in LBank.

    LBank Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      61,118.502 BTC

      • LBank Total Trading Pairs

        93

        • LBank Margin Trading

          Yes

          • LBank Deposit fees

            Free

            • LBank Trading fees

              0.1%

              • LBank Fiat Deposit

                Yes

                • Accepted Payment Method

                  None

                  • LBank Native token

                    Yes

                    • Native token smart contract

                      N/A

                      • LBank Trading Markets
                        • LBank Stablecoins trading

                          LBank Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          AAC/ETH Ξ 0.00001648 AAC 3,655,144.5

                          Ξ 0.0000016

                          11.05%

                          2019-09-23 14:39:00
                          ABBC/BTC Ƀ 0.00002260 ABBC 5,293,147.0

                          Ƀ -0.0000017

                          -7.19%

                          2019-09-23 14:34:20
                          ALI/ETH Ξ 0.00000046 ALI 2,000,000.0

                          Ξ 1.2e-7

                          35.29%

                          2019-09-22 16:00:22
                          AMO/ETH Ξ 0.00000180 AMO 1,299,583.0

                          Ξ 1.0e-8

                          0.56%

                          2019-09-23 14:39:02
                          ATP/USDT ₮ 0.01131 ATP 2,352,660.0

                          ₮ -0.00038

                          -3.26%

                          2019-09-23 14:39:06
                          B91/USDT ₮ 0.02570 B91 0

                          ₮ 0.0

                          0.00%

                          2019-09-12 23:04:59
                          BFDT/ETH Ξ 0.00000055 BFDT 706,284.0

                          Ξ 1.3e-7

                          30.95%

                          2019-09-23 14:00:02
                          BLOC/USDT ₮ 0.004098 BLOC 303.00

                          ₮ 0.0016

                          62.81%

                          2019-09-23 10:31:10
                          BNB/USDT ₮ 19.86 BNB 191,183.2

                          ₮ -0.72

                          -3.49%

                          2019-09-23 14:39:02
                          BRC/USDT ₮ 2.10 BRC 32.00

                          ₮ 0.0

                          0.00%

                          2019-09-23 02:08:57
                          BSV/USDT ₮ 1,255.00 BSV 0

                          ₮ 0.0

                          0.00%

                          2019-09-20 09:29:45
                          BTC/USDT ₮ 9,856.70 Ƀ 21,123.2

                          ₮ -125.26

                          -1.25%

                          2019-09-23 14:38:53
                          BTM/ETH Ξ 0.0003228 BTM 0

                          Ξ 0.0

                          0.00%

                          2019-09-20 03:53:42
                          BTO/ETH Ξ 0.00003736 BTO 2,979.96

                          Ξ -8.4e-7

                          -2.20%

                          2019-09-23 14:38:54
                          BTS/BTC Ƀ 0.00000342 BTS 221,475.5

                          Ƀ 8.0e-8

                          2.40%

                          2019-09-23 14:38:47
                          BTS/ETH Ξ 0.0001600 BTS 46,958.9

                          Ξ -0.0000011

                          -0.69%

                          2019-09-23 14:38:52
                          BXA/USDT ₮ 0.006700 BXA 3,775,035.0

                          ₮ -0.00020

                          -2.90%

                          2019-09-23 14:39:23
                          CPX/BTC Ƀ 0.00000058 CPX 874.75

                          Ƀ 0.0

                          0.00%

                          2019-09-23 08:38:13
                          CPX/ETH Ξ 0.00002564 CPX 1,042,793.3

                          Ξ -0.0000018

                          -6.70%

                          2019-09-23 14:38:52
                          CRDTS/ETH Ξ 0.0005586 CRDTS 3,403,725.4

                          Ξ -0.000017

                          -2.95%

                          2019-09-23 14:38:49
                          DASH/BTC Ƀ 0.009130 DASH 2,997.69

                          Ƀ -0.000096

                          -1.04%

                          2019-09-23 14:38:47
                          DAX/BTC Ƀ 0.00000040 DAX 39,847,578.6

                          Ƀ -1.6e-7

                          -28.57%

                          2019-09-23 08:51:27
                          DAX/ETH Ξ 0.00002144 DAX 58,973,090.2

                          Ξ 0.0000031

                          16.71%

                          2019-09-23 14:38:47
                          DBC/ETH Ξ 0.00000852 DBC 5,806,025.5

                          Ξ -9.0e-8

                          -1.05%

                          2019-09-23 14:38:49
                          DDD/ETH Ξ 0.00005576 DDD 16,744,089.5

                          Ξ -0.0000041

                          -6.79%

                          2019-09-23 14:38:54
                          EKO/ETH Ξ 0.00001386 EKO 9,654,440.4

                          Ξ 0.0000018

                          15.12%

                          2019-09-23 14:38:53
                          ELA/ETH Ξ 0.01140 ELA 991,295.0

                          Ξ 0.00042

                          3.81%

                          2019-09-23 14:39:03
                          EOS/BTC Ƀ 0.0003822 EOS 1,581,775.1

                          Ƀ -0.0000074

                          -1.89%

                          2019-09-23 14:39:16
                          EOS/ETH Ξ 0.01817 EOS 1,153,623.6

                          Ξ -0.00030

                          -1.60%

                          2019-09-23 14:38:50
                          EOS/USDT ₮ 3.78 EOS 8,382,322.3

                          ₮ -0.12

                          -3.05%

                          2019-09-23 14:39:13
                          ETC/BTC Ƀ 0.0006072 ETC 3,005.16

                          Ƀ 0.0000096

                          1.62%

                          2019-09-23 14:39:09
                          ETH/BTC Ƀ 0.02107 Ξ 403,449.8

                          Ƀ -0.0000056

                          -0.03%

                          2019-09-23 14:38:42
                          ETH/USDT ₮ 207.56 Ξ 861,335.2

                          ₮ -3.40

                          -1.61%

                          2019-09-23 14:37:44
                          FO/USDT ₮ 0.01117 FO 1,960,783.4

                          ₮ -0.00092

                          -7.60%

                          2019-09-23 07:18:38
                          GRIN/USDT ₮ 1.85 GRIN 23,961.9

                          ₮ 0.057

                          3.18%

                          2019-09-23 14:39:04
                          GT/USDT ₮ 0.7126 GT 301,859.4

                          ₮ 0.0092

                          1.31%

                          2019-09-23 14:39:23
                          HER/ETH Ξ 0.00000110 HER 34,014,201.0

                          Ξ 0.0

                          0.00%

                          2019-09-23 14:36:45
                          HT/USDT ₮ 3.85 HT 597,856.7

                          ₮ -0.19

                          -4.66%

                          2019-09-23 14:39:01
                          IHT/ETH Ξ 0.00001945 IHT 4,731,467.5

                          Ξ 0.0000089

                          84.36%

                          2019-09-23 14:38:49
                          INC/ETH Ξ 0.00000931 INC 25,780,230.9

                          Ξ -0.0000013

                          -11.92%

                          2019-09-23 14:38:55
                          KBC/BTC Ƀ 0.00000314 KBC 3,891,999.0

                          Ƀ 1.4e-7

                          4.67%

                          2019-09-23 08:51:32
                          KBC/USDT ₮ 0.03120 KBC 3,365,341.3

                          ₮ 0.0012

                          4.00%

                          2019-09-23 08:51:00
                          LTC/BTC Ƀ 0.007332 Ł 160,342.6

                          Ƀ 0.00014

                          1.94%

                          2019-09-23 14:38:42
                          MAN/ETH Ξ 0.0002869 MAN 4,312,882.9

                          Ξ -0.0000024

                          -0.82%

                          2019-09-23 14:38:35
                          MITH/ETH Ξ 0.00008478 MITH 8,533,322.6

                          Ξ -0.0000010

                          -1.17%

                          2019-09-23 14:38:17
                          MXAI/USDT ₮ 0.07630 MXAI 345,152.7

                          ₮ -0.0027

                          -3.42%

                          2019-09-23 14:39:01
                          NAS/ETH Ξ 0.002982 NAS 296,173.2

                          Ξ -0.000080

                          -2.62%

                          2019-09-23 14:38:52
                          NEO/BTC Ƀ 0.0008965 NEO 417,060.3

                          Ƀ -0.000023

                          -2.48%

                          2019-09-23 14:38:35
                          NEO/USDT ₮ 8.86 NEO 383,949.6

                          ₮ -0.33

                          -3.59%

                          2019-09-23 14:38:44
                          OATH/USDT ₮ 0.0002210 OATH 6,012,861.0

                          ₮ -0.0000050

                          -2.21%

                          2019-09-23 14:39:08
                          OCN/ETH Ξ 0.00000490 OCN 190,233,264.9

                          Ξ -7.0e-8

                          -1.41%

                          2019-09-23 14:38:56
                          PHV/USDT ₮ 0.02863 PHV 2,197,069.0

                          ₮ 0.000040

                          0.14%

                          2019-09-23 12:59:36
                          PLY/ETH Ξ 0.00003120 PLY 42,645,192.2

                          Ξ 0.0000049

                          18.68%

                          2019-09-23 14:38:40
                          PNT/BTC Ƀ 0.00000001 PNT 126,622,398.3

                          Ƀ -1.0e-8

                          -50.00%

                          2019-09-23 14:38:44
                          PNT/ETH Ξ 0.00000098 PNT 127,288,459.9

                          Ξ 5.0e-8

                          5.38%

                          2019-09-23 14:38:46
                          PNT/USDT ₮ 0.0002060 PNT 8,733,525.0

                          ₮ -0.000027

                          -11.59%

                          2019-09-23 14:38:53
                          PPAI/BTC Ƀ 0.00000210 PPAI 10,161,406.1

                          Ƀ -5.0e-8

                          -2.33%

                          2019-09-23 14:38:58
                          PPAI/ETH Ξ 0.0001001 PPAI 15,391,299.4

                          Ξ -0.0000010

                          -1.01%

                          2019-09-23 14:38:57
                          PST/ETH Ξ 0.0004901 PST 10,998,161.7

                          Ξ 0.000027

                          5.88%

                          2019-09-23 14:38:43
                          PTT/ETH Ξ 0.00000413 PTT 168,098,943.9

                          Ξ -8.2e-7

                          -16.57%

                          2019-09-23 14:38:58
                          QTUM/BTC Ƀ 0.0002066 QTUM 10,408,479.0

                          Ƀ -0.0000054

                          -2.57%

                          2019-09-23 14:38:44
                          QTUM/ETH Ξ 0.009815 QTUM 1,538,436.1

                          Ξ -0.00024

                          -2.38%

                          2019-09-23 14:38:52
                          QTUM/USDT ₮ 2.04 QTUM 480,586.1

                          ₮ -0.064

                          -3.04%

                          2019-09-23 14:38:45
                          RNT/USDT ₮ 0.05000 RNT 0

                          ₮ 0.0

                          0.00%

                          2019-09-19 02:06:22
                          RPUT/ETH Ξ 0.00000653 RPUT 329,958.8

                          Ξ -0.0000012

                          -15.30%

                          2019-09-23 14:38:45
                          SC/BTC Ƀ 0.00000019 SC 44,740,142.7

                          Ƀ 0.0

                          0.00%

                          2019-09-23 07:37:06
                          SEER/ETH Ξ 0.00000248 SEER 29,818,053.4

                          Ξ 1.0e-7

                          4.20%

                          2019-09-23 14:38:51
                          SERO/USDT ₮ 0.1264 SERO 1,092,071.7

                          ₮ 0.0049

                          4.03%

                          2019-09-23 14:38:09
                          SKM/ETH Ξ 0.00001349 SKM 133,781,410.7

                          Ξ -0.0000029

                          -17.59%

                          2019-09-23 14:38:28
                          SKY/BTC Ƀ 0.00005051 SKY 3,411.45

                          Ƀ -0.0000013

                          -2.43%

                          2019-09-23 14:37:10
                          SSC/ETH Ξ 0.00001947 SSC 15,440,978.4

                          Ξ -0.0000023

                          -10.48%

                          2019-09-23 14:38:40
                          TAC/ETH Ξ 0.00002406 TAC 3,044,781.6

                          Ξ -3.2e-7

                          -1.31%

                          2019-09-23 14:39:12
                          TKY/ETH Ξ 0.00000611 TKY 0

                          Ξ 0.0

                          0.00%

                          2019-09-21 01:55:09
                          TNS/BTC Ƀ 0.00000036 TNS 20,239,719.0

                          Ƀ 2.0e-8

                          5.88%

                          2019-09-22 19:33:24
                          TRX/ETH Ξ 0.00008028 TRX 4,134,940.0

                          Ξ -0.0000013

                          -1.62%

                          2019-09-23 14:38:16
                          UBEX/BTC Ƀ 0.00000007 UBEX 0

                          Ƀ 0.0

                          0.00%

                          2019-09-21 23:58:10
                          UBEX/USDT ₮ 0.0006000 UBEX 14,714,911.0

                          ₮ -0.00015

                          -20.32%

                          2019-09-23 12:31:01
                          UIP/ETH Ξ 0.00006670 UIP 17,873,643.0

                          Ξ 0.000010

                          17.87%

                          2019-09-23 14:38:41
                          UT/ETH Ξ 0.00008252 UT 2,694,984.8

                          Ξ -0.0000047

                          -5.35%

                          2019-09-23 14:38:55
                          VENA/USDT ₮ 0.002107 VENA 3,351,467.0

                          ₮ -0.000046

                          -2.14%

                          2019-09-23 14:39:10
                          VET/BTC Ƀ 0.00000040 VET 8,537,066.4

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:38:47
                          VET/ETH Ξ 0.00001913 VET 5,700,581.0

                          Ξ -1.4e-7

                          -0.73%

                          2019-09-23 14:38:48
                          VET/USDT ₮ 0.003959 VET 6,388,808.0

                          ₮ -0.00012

                          -2.82%

                          2019-09-23 14:38:41
                          VNX/BTC Ƀ 0.00000002 VNX 198.00

                          Ƀ 0.0

                          0.00%

                          2019-09-23 13:47:01
                          VOLLAR/USDT ₮ 1.90 VOLLAR 0

                          ₮ 0.0

                          0.00%

                          2019-09-22 07:40:08
                          VTHO/BTC Ƀ 0.00000006 VTHO 217,878.5

                          Ƀ 1.0e-8

                          20.00%

                          2019-09-23 14:39:14
                          VTHO/ETH Ξ 0.00000270 VTHO 4,645,722.1

                          Ξ 7.0e-8

                          2.66%

                          2019-09-23 14:39:01
                          XWC/BTC Ƀ 0.00000236 XWC 4,544,840.6

                          Ƀ 1.4e-7

                          6.31%

                          2019-09-23 14:38:28
                          XWC/ETH Ξ 0.00008349 XWC 993,091.6

                          Ξ -0.000031

                          -26.96%

                          2019-09-23 14:38:54
                          YOYOW/ETH Ξ 0.00008995 YOYOW 4,126,783.7

                          Ξ 0.0000042

                          4.87%

                          2019-09-23 14:38:54
                          ZEC/BTC Ƀ 0.004621 ZEC 560,606.2

                          Ƀ -0.000068

                          -1.44%

                          2019-09-23 14:38:48
                          ZEC/ETH Ξ 0.2198 ZEC 549,647.6

                          Ξ -0.0012

                          -0.56%

                          2019-09-23 14:38:51
                          ZEC/USDT ₮ 45.44 ZEC 867,715.2

                          ₮ -1.21

                          -2.59%

                          2019-09-23 14:38:49

                          LBank Withdrawals

                          • Daily Withdrawal Limit

                            N/A

                            • LBank Withdraw fees

                              ETH - 0.01 ETH DASH - 0.002 DASH LTC - 0.01 LTC   Full list of fees can be found here

                              • LBank Withdraw fees discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  LBank Exchange Rating Analysis

                                  Last edit 04.09.2019

                                  • LBank is a Hong Kong based crypto currency exchange site. LBank offers a below average number of markets and a below average number of tradable pairs. LBank offers an industry average commission fee. Concerns for this project include a lack of public information on most of the team members, a lack of quality customer service, and a lack of insurance in the case of a future hack.

                                    LBank IEO launchpad

                                    IEO Start date End date Fundraising
                                    OATH Protocol

                                    OATH Protocol

                                    Apr 11, 2019 - Apr 11, 2019 $10M

                                    LBank Exchange Additional Information