Cryptocurrency Exchange Exchange Review 2019


There is a wide range of cryptocurrency exchange in the market. Which one to choose is a big question. This LBank review will help you understand LBank exchange platform.


LBank Review –

About 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 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.


At the time of writing this review, is ranked 12th 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 trade platform

How to deposit and withdraw coins?

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 trading - deposit


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.

withdraw Fees

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

Latest Updates and Announcements :

  • Sep 9, 2019: LBank will shift to BNB main network
  • Sep 3, 2019: LBank will adjust transaction fees and “invitation of rebates”
  • Aug 31, 2019: LBank lower the USDT coin handling fee
  • Jun, 2019: LBank Was the Top Crypto-to-Crypto Exchange in July with a 42% rise in trades in June 2019
  • Feb 11, 2019: BXA Trading King 」Final Ranking and Rewarding
  • Feb 11, 2019: LBank is about to open a pre-sale event for the TUDA Coin (TUDA)

Final Verdict

Overall, this cryptocurrency exchange is growing and gaining the interest of many clients in the Asian markets. Moreover, the lBank trading 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.

Also read the related information: Bitquick Review| Coinsuper Review| Zipmex Fees

Do you still have question or doubts! mail us at  [email protected] and follow us on  Twitter and Facebook pages.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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