Exchange

How LBank.info exchange Became A Globally Well-Known Brand

LBank Review

Table of Contents:

About LBank

LBank.info cryptocurrency exchange platform specializes in managing digital asset trading. The company came into existence in October 2016 and has fair growth rate.

At present, LBank.info offers such as BTC to BTC, ETH, ZEC, QTUM, VEN’s digital asset exchange service, and the currency can be exchanged for continuous increase.  So, let us look in the detail at the kind of services and products of the platform.

lbank

At the time of writing this review, LBank is ranked 8th by trading volume on Coinmarketcap.

LBank Trade

There are lot of cryptocurrencies on the platform. The  platform manages the US dollar, Euro, Chinese Yen and then all the other powerful currencies and accepts bank transfers. The cryptocurrencies includes Bitcoin, Litecoin, Qtum, Bitcoin Cash, Zcash, NEO, Ethereum, Ethereum Classic, and some less popular coins such as Nebulas, VeChain, Bodhi, YoYow.. LBank allowing its user to trade anonymously if they want to trade one cryptocurrency with another one.

lbank exchange

How to deposit and withdraw coins on LBank?

Deposit (Take Bitcoin as the example)

  1. Create new account by signup.
  2. Once you Login  Click on “My Account” and select “Bitcoin- Deposit” to enter the deposit page.
  3. Choose the token you want to deposit and click “agree”.
  4. Copy or scan the code to your own BTC wallet. Subsequently, use your personal wallet to transfer the asset to the address.

lbank deposit

Withdrawal

After completing  verification process you are eligible for withdrawal:

  1. Click on “My Account” and select “Bitcoin- Withdraw” to enter the Withdrawal page.
  2. Select existing or click to add the  address and the withdraw amount, then select the network fee which is available in 4 grades currently.
  3. The higher fee means the faster transfer. verify the content of your withdrawal verification and finally click the button “Confirm withdrawal” to submit the application successfully.
  4. Please wait for the financial review after submitting. Eventually, after the approval, it will be confirmed by the blocks and arrived automatically.

lbank withdraw

LBank Fees

As compare to other cryptocurrency exchanges LBank charges comparatively less. All the deposits to LBank are free. But withdrawal fees varies from crypto to crypto. The trading fee is 0.1% per trade , whereas similarly other cryptocurrency exchanges charges between 0.20% to 0.25%.

LBank security

The exchange implements latest security features like  ‘bind the e-mail’ and ‘Bind your telephone’ . Moreover, it has two main levels of verification namely, C1 and C2 real name authentication.

– C1 Authentication: This feature is for prepay and transaction processes. Indeed, with the C1 Authentication process, you can complete prepayment and trading operations.

– C2 Authentication: This feature is to improve the quality of cash-out operations. In this context, the account is limited to cash-out operations. This feature comes after C1 verification.

Final Verdict

Overall, LBank cryptocurrency exchange is growing and gaining the interest of many clients in the Asian markets. Moreover, the fees is very low and competitive and also, it has  wide variety of cryptocurrencies and markets to trade in. However, the exchange is not so friendly for English speaking traders as support is very limited

Moreover, this exchange supports fiat currencies, anonymous trading and appears to have sufficient liquidity on most pairs.

Hope We gave you better Idea about LBank

lbank title

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Summary
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Read this complete review to know more about LBank Cryptocurrency Exchange. This review will help you easily understand LBank.info exchange
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coinpedia
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LBank.info

7.6

Fees

9.4/10

Customer support

6.5/10

Payment methods

9.0/10

Exchange interface

5.5/10

Pros

  • Easy and simple platform
  • fiat currency accepted
  • low fees compare to others
  • High liquidity

Cons

  • slow customer support
  • language problem for english users
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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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