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

      101,320.322 BTC

      • LBank Total Trading Pairs

        114

        • LBank Margin Trading

          Yes

          • LBank Deposit fees

            Free

            • LBank Trading fees

              0.1%

              • LBank Fiat Deposit

                Yes

                • Accepted Payment Method

                  Crypto to Crypto Only

                  • 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 0.00000844 AAC 651,028.0

                          Ξ 7.1e-7

                          9.18%

                          2020-01-23 04:13:32
                          ABBC/BTC Ƀ 0.00001195 ABBC 2,216,238.0

                          Ƀ -2.1e-7

                          -1.73%

                          2020-01-23 04:01:11
                          ABBC/USDT ₮ 0.1055 ABBC 1,812,480.0

                          ₮ 0.0020

                          1.93%

                          2020-01-23 04:01:44
                          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 0.00000127 AMO 31,294,448.0

                          Ξ -1.7e-7

                          -11.81%

                          2020-01-23 04:12:30
                          ARPA/USDT ₮ 0.009100 ARPA 4,191,671.0

                          ₮ 0.00080

                          9.64%

                          2020-01-23 04:13:55
                          ATP/USDT ₮ 0.003985 ATP 1,716,455.0

                          ₮ -0.00012

                          -2.92%

                          2020-01-23 04:13:18
                          B91/USDT ₮ 0.02570 B91 0

                          ₮ 0.0

                          0.00%

                          2019-09-12 23:04:59
                          BFCH/USDT ₮ 0.08010 BFCH 0

                          ₮ 0.0

                          0.00%

                          2020-01-17 12:56:49
                          BFDT/ETH Ξ 0.00000055 BFDT 706,284.0

                          Ξ 1.3e-7

                          30.95%

                          2019-09-23 14:00:02
                          BIPX/USDT ₮ 0.006823 BIPX 52,556,663.7

                          ₮ 0.00012

                          1.82%

                          2019-12-01 00:33:24
                          BLOC/USDT ₮ 0.0003000 BLOC 0

                          ₮ 0.0

                          0.00%

                          2020-01-19 07:23:37
                          BNB/USDT ₮ 17.77 BNB 251,901.5

                          ₮ -0.74

                          -4.01%

                          2020-01-23 04:13:35
                          BRC/USDT ₮ 0.5021 BRC 5,501.26

                          ₮ 0.0010

                          0.20%

                          2020-01-23 04:13:44
                          BSV/USDT ₮ 1,255.00 BSV 0

                          ₮ 0.0

                          0.00%

                          2019-09-20 09:29:45
                          BTC/USDT ₮ 8,605.64 Ƀ 21,512.2

                          ₮ -134.91

                          -1.54%

                          2020-01-23 04:14:19
                          BTM/ETH Ξ 0.0003515 BTM 0

                          Ξ 0.0

                          0.00%

                          2020-01-19 07:10:03
                          BTO/ETH Ξ 0.00002118 BTO 1,782.69

                          Ξ 1.8e-7

                          0.86%

                          2020-01-23 04:13:28
                          BTS/BTC Ƀ 0.00000219 BTS 1,148,432.8

                          Ƀ 2.0e-8

                          0.92%

                          2020-01-23 04:13:21
                          BTS/ETH Ξ 0.0001150 BTS 171,895.1

                          Ξ 0.0000049

                          4.45%

                          2020-01-23 04:13:24
                          BTY/USDT ₮ 0.2616 BTY 862,740.7

                          ₮ -0.0020

                          -0.76%

                          2020-01-23 04:13:34
                          BXA/USDT ₮ 0.001600 BXA 3,025,489.0

                          ₮ 0.0

                          0.00%

                          2020-01-23 02:15:02
                          CKB/USDT ₮ 0.005400 CKB 18,049,319.0

                          ₮ -0.0017

                          -23.94%

                          2020-01-23 04:13:51
                          CPX/BTC Ƀ 0.00000034 CPX 1.88

                          Ƀ 1.4e-7

                          70.00%

                          2020-01-09 18:23:56
                          CPX/ETH Ξ 0.00001789 CPX 530,546.9

                          Ξ 0.0000054

                          43.01%

                          2020-01-23 04:13:26
                          CRDTS/ETH Ξ 0.0005550 CRDTS 0

                          Ξ 0.0

                          0.00%

                          2019-11-29 16:10:32
                          DASH/BTC Ƀ 0.01226 DASH 2,635.75

                          Ƀ -0.00035

                          -2.74%

                          2020-01-23 04:13:21
                          DAX/BTC Ƀ 0.00000031 DAX 56,601,111.2

                          Ƀ -2.0e-8

                          -6.06%

                          2020-01-23 04:13:20
                          DAX/ETH Ξ 0.00001587 DAX 56,455,934.3

                          Ξ -0.0000017

                          -9.88%

                          2020-01-23 04:13:20
                          DBC/ETH Ξ 0.00000500 DBC 1,478,366.5

                          Ξ 2.1e-7

                          4.38%

                          2020-01-23 01:35:22
                          DDD/ETH Ξ 0.00002997 DDD 21,858,888.4

                          Ξ -0.0000012

                          -3.88%

                          2020-01-23 04:13:28
                          DILI/USDT ₮ 0.0002820 DILI 470,508.0

                          ₮ -0.000021

                          -6.93%

                          2020-01-23 01:36:14
                          EKO/ETH Ξ 0.00001386 EKO 9,654,440.4

                          Ξ 0.0000018

                          15.12%

                          2019-09-23 14:38:53
                          ELA/ETH Ξ 0.009534 ELA 1,530,936.6

                          Ξ -0.00011

                          -1.16%

                          2020-01-23 04:13:35
                          EOS/BTC Ƀ 0.0004163 EOS 17,203,504.1

                          Ƀ 1.8e-7

                          0.04%

                          2020-01-23 04:13:49
                          EOS/ETH Ξ 0.02164 EOS 5,688,059.4

                          Ξ 0.00013

                          0.60%

                          2020-01-23 04:13:19
                          EOS/USDT ₮ 3.58 EOS 62,889,261.0

                          ₮ -0.068

                          -1.87%

                          2020-01-23 04:13:45
                          ETC/BTC Ƀ 0.001040 ETC 2,594.26

                          Ƀ -0.000026

                          -2.41%

                          2020-01-23 04:13:19
                          ETH/BTC Ƀ 0.01922 Ξ 1,185,888.7

                          Ƀ -0.00014

                          -0.74%

                          2020-01-23 04:13:21
                          ETH/USDT ₮ 165.36 Ξ 558,974.4

                          ₮ -4.22

                          -2.49%

                          2020-01-23 04:13:19
                          FO/USDT ₮ 0.006900 FO 1,796,230.5

                          ₮ -0.0040

                          -36.89%

                          2020-01-23 00:38:32
                          GALT/USDT ₮ 0.03599 GALT 0

                          ₮ 0.0

                          0.00%

                          2020-01-21 09:49:39
                          GKI/USDT ₮ 0.03030 GKI 1,131,227.8

                          ₮ 0.0050

                          19.76%

                          2020-01-23 04:02:47
                          GRIN/USDT ₮ 1.07 GRIN 22,161.9

                          ₮ 0.15

                          16.69%

                          2020-01-23 04:13:39
                          GRS/BTC Ƀ 0.00001985 GRS 2,406,746.0

                          Ƀ 7.5e-7

                          3.93%

                          2020-01-23 04:13:58
                          GT/USDT ₮ 0.3195 GT 288,494.1

                          ₮ -0.044

                          -12.18%

                          2020-01-23 04:13:56
                          HER/ETH Ξ 0.00000036 HER 42,748.0

                          Ξ 1.0e-8

                          2.86%

                          2020-01-23 04:05:32
                          HT/USDT ₮ 3.13 HT 509,776.6

                          ₮ -0.064

                          -1.99%

                          2020-01-23 04:13:34
                          IHT/ETH Ξ 0.00001100 IHT 0

                          Ξ 0.0

                          0.00%

                          2019-11-24 20:58:38
                          INC/ETH Ξ 0.00000931 INC 25,780,230.9

                          Ξ -0.0000013

                          -11.92%

                          2019-09-23 14:38:55
                          KBC/BTC Ƀ 0.00000061 KBC 5,918,780.8

                          Ƀ -1.3e-7

                          -17.57%

                          2020-01-23 02:51:49
                          KBC/USDT ₮ 0.004700 KBC 5,883,787.7

                          ₮ -0.0018

                          -27.69%

                          2020-01-23 03:31:08
                          KISC/ETH Ξ 0.00001145 KISC 36,454,800.0

                          Ξ 1.3e-7

                          1.15%

                          2020-01-23 04:13:54
                          LBK/USDT ₮ 0.02570 LBK 75,496,194.0

                          ₮ 0.00020

                          0.78%

                          2020-01-23 04:13:57
                          LT/USDT ₮ 1.44 LT 466,259.1

                          ₮ 0.011

                          0.77%

                          2020-01-23 04:14:03
                          LTC/BTC Ƀ 0.006560 Ł 317,774.5

                          Ƀ -0.000059

                          -0.89%

                          2020-01-23 04:13:21
                          MAN/ETH Ξ 0.0001291 MAN 6,710,218.2

                          Ξ -0.0000070

                          -5.12%

                          2020-01-23 04:12:32
                          MITH/ETH Ξ 0.00004527 MITH 12,852,181.7

                          Ξ 0.0000014

                          3.12%

                          2020-01-23 04:13:14
                          MX/USDT ₮ 0.07124 MX 0

                          ₮ 0.0

                          0.00%

                          2020-01-19 03:35:50
                          MXAI/USDT ₮ 0.02700 MXAI 676,427.3

                          ₮ -0.00050

                          -1.82%

                          2020-01-23 03:55:08
                          NAS/ETH Ξ 0.002599 NAS 287,914.7

                          Ξ 0.00011

                          4.38%

                          2020-01-23 04:13:25
                          NEO/BTC Ƀ 0.001275 NEO 366,452.6

                          Ƀ -0.0000054

                          -0.42%

                          2020-01-23 04:13:09
                          NEO/USDT ₮ 10.99 NEO 344,970.2

                          ₮ -0.20

                          -1.79%

                          2020-01-23 04:14:05
                          OATH/USDT ₮ 0.00001600 OATH 9,990.00

                          ₮ 0.0

                          0.00%

                          2020-01-22 14:06:05
                          OCN/ETH Ξ 0.00000260 OCN 243,038,033.5

                          Ξ 1.0e-7

                          4.00%

                          2020-01-23 04:13:30
                          OKB/USDT ₮ 1.88 OKB 0

                          ₮ 0.0

                          0.00%

                          2020-01-19 03:23:23
                          PHV/USDT ₮ 0.01027 PHV 10,249,898.0

                          ₮ 0.00016

                          1.58%

                          2020-01-23 01:13:09
                          PLY/ETH Ξ 0.00001793 PLY 61,293,705.0

                          Ξ -0.0000038

                          -17.53%

                          2020-01-23 04:14:16
                          PNT/BTC Ƀ 0.00000001 PNT 0

                          Ƀ 0.0

                          0.00%

                          2020-01-07 03:01:10
                          PNT/ETH Ξ 0.00000035 PNT 127,468,675.2

                          Ξ 0.0

                          0.00%

                          2020-01-23 04:13:28
                          PNT/USDT ₮ 0.0001700 PNT 0

                          ₮ 0.0

                          0.00%

                          2020-01-08 06:14:41
                          PPAI/BTC Ƀ 0.00000181 PPAI 15,971,236.0

                          Ƀ 1.6e-7

                          9.70%

                          2020-01-23 04:13:32
                          PPAI/ETH Ξ 0.00009441 PPAI 24,357,454.3

                          Ξ 0.000013

                          15.68%

                          2020-01-23 04:13:28
                          PST/ETH Ξ 0.0004901 PST 10,998,161.7

                          Ξ 0.000027

                          5.88%

                          2019-09-23 14:38:43
                          PTT/ETH Ξ 0.00000089 PTT 69,583,979.3

                          Ξ 1.5e-7

                          20.27%

                          2020-01-23 04:13:21
                          QTUM/BTC Ƀ 0.0002247 QTUM 15,824,925.1

                          Ƀ 8.9e-7

                          0.40%

                          2020-01-23 04:13:22
                          QTUM/ETH Ξ 0.01168 QTUM 2,020,732.9

                          Ξ 0.00018

                          1.52%

                          2020-01-23 04:13:26
                          QTUM/USDT ₮ 1.94 QTUM 5,935,364.0

                          ₮ -0.022

                          -1.12%

                          2020-01-23 04:14:16
                          RNT/USDT ₮ 0.007600 RNT 0

                          ₮ 0.0

                          0.00%

                          2020-01-19 03:13:16
                          RPUT/ETH Ξ 0.00000637 RPUT 263,851.1

                          Ξ 1.7e-7

                          2.74%

                          2020-01-23 04:13:25
                          SC/BTC Ƀ 0.00000016 SC 32,725.4

                          Ƀ 1.0e-8

                          6.67%

                          2020-01-22 20:55:25
                          SEER/ETH Ξ 0.00000359 SEER 43,422,479.6

                          Ξ -1.0e-8

                          -0.28%

                          2020-01-23 04:13:33
                          SEOS/BTC Ƀ 0.00002290 SEOS 677,514.9

                          Ƀ -6.0e-8

                          -0.26%

                          2020-01-23 04:13:59
                          SERO/USDT ₮ 0.06840 SERO 1,051,891.8

                          ₮ -0.00080

                          -1.16%

                          2020-01-23 04:13:40
                          SKM/ETH Ξ 0.00001499 SKM 36,863,246.9

                          Ξ 4.9e-7

                          3.38%

                          2020-01-23 04:13:03
                          SKY/BTC Ƀ 0.00005450 SKY 3,334.00

                          Ƀ -0.0000044

                          -7.41%

                          2020-01-23 04:12:10
                          SSC/ETH Ξ 0.00000207 SSC 17,910,438.1

                          Ξ -4.4e-7

                          -17.53%

                          2020-01-23 04:13:29
                          SUTER/USDT ₮ 0.005192 SUTER 11,821,728.9

                          ₮ 0.00021

                          4.13%

                          2020-01-23 04:13:59
                          TAC/ETH Ξ 0.00001232 TAC 4,804,545.5

                          Ξ -4.4e-7

                          -3.45%

                          2020-01-23 04:13:45
                          TEP/USDT ₮ 0.05090 TEP 10,412.4

                          ₮ 0.0018

                          3.67%

                          2020-01-23 04:13:33
                          TKY/ETH Ξ 0.00000611 TKY 0

                          Ξ 0.0

                          0.00%

                          2019-09-21 01:55:09
                          TNS/BTC Ƀ 0.00000018 TNS 28,247,496.0

                          Ƀ -1.0e-8

                          -5.26%

                          2020-01-22 16:45:15
                          TRX/ETH Ξ 0.0001038 TRX 15,377,887.0

                          Ξ 8.6e-7

                          0.84%

                          2020-01-23 04:13:05
                          TRX/USDT ₮ 0.01699 TRX 7,957,266.0

                          ₮ -0.00046

                          -2.61%

                          2020-01-23 02:39:18
                          UBEX/BTC Ƀ 0.00000005 UBEX 0

                          Ƀ 0.0

                          0.00%

                          2020-01-06 17:19:30
                          UBEX/USDT ₮ 0.0004600 UBEX 0

                          ₮ 0.0

                          0.00%

                          2020-01-08 17:56:11
                          UIP/ETH Ξ 0.00006670 UIP 17,873,643.0

                          Ξ 0.000010

                          17.87%

                          2019-09-23 14:38:41
                          UT/ETH Ξ 0.00007109 UT 4,326,674.2

                          Ξ -0.0000013

                          -1.77%

                          2020-01-23 04:13:34
                          UTK/USDT ₮ 0.01110 UTK 1,170,698.0

                          ₮ -0.00010

                          -0.89%

                          2020-01-23 04:13:59
                          VENA/USDT ₮ 0.001356 VENA 3,798,679.0

                          ₮ -0.000096

                          -6.61%

                          2020-01-23 04:13:25
                          VET/BTC Ƀ 0.00000068 VET 5,297,019.0

                          Ƀ 0.0

                          0.00%

                          2020-01-22 21:04:57
                          VET/ETH Ξ 0.00003478 VET 3,994,608.0

                          Ξ -4.0e-7

                          -1.14%

                          2020-01-23 04:13:20
                          VET/USDT ₮ 0.005778 VET 25,454,726.0

                          ₮ -0.00018

                          -3.02%

                          2020-01-23 04:13:16
                          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 0.00000007 VTHO 0

                          Ƀ 0.0

                          0.00%

                          2020-01-22 01:28:14
                          VTHO/ETH Ξ 0.00000362 VTHO 7,184,162.4

                          Ξ -1.0e-8

                          -0.28%

                          2020-01-23 04:13:32
                          WIN/USDT ₮ 0.00007100 WIN 5,909,594.0

                          ₮ -0.000016

                          -18.39%

                          2020-01-23 04:13:59
                          XWC/BTC Ƀ 0.00000100 XWC 4,534,259.6

                          Ƀ 5.3e-7

                          112.77%

                          2020-01-23 04:12:51
                          XWC/ETH Ξ 0.00005042 XWC 1,522,838.4

                          Ξ 0.000027

                          116.12%

                          2020-01-23 04:13:31
                          YOYOW/ETH Ξ 0.00006066 YOYOW 732,442.7

                          Ξ 3.2e-7

                          0.53%

                          2020-01-23 04:13:28
                          ZEC/BTC Ƀ 0.005935 ZEC 520,483.0

                          Ƀ -0.00010

                          -1.70%

                          2020-01-23 04:14:23
                          ZEC/ETH Ξ 0.3096 ZEC 313,611.9

                          Ξ 0.00011

                          0.04%

                          2020-01-23 04:13:27
                          ZEC/USDT ₮ 51.18 ZEC 781,047.4

                          ₮ -1.55

                          -2.94%

                          2020-01-23 04:14:19

                          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 07.12.2019

                                  • 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