The minimum trade amount on LBank is quite low, making it accessible for beginners who want to start trading without committing large amounts of money.
|
|
Minimum trade size is $10, making it accessible for small investors .
|
LBank charges a competitive flat fee of 0.10% for both maker and taker trades, which is attractive compared to many other exchanges that have higher fees.
|
Trading and Transaction Fees
|
Flat trading fee of 0.3%, slightly above the industry average. High withdrawal fees for BTC at 0.005 BTC .
|
LBank supports over 500 cryptocurrencies, providing a vast array of options for traders looking to diversify their portfolios.
|
Number of Cryptocurrencies
|
Supports 8 major cryptocurrencies including BTC, ETH, and XRP .
|
The exchange offers a wide range of crypto-to-crypto trading pairs, enhancing trading flexibility and opportunities for users.
|
Crypto-to-Crypto Trading Pairs
|
Offers trading pairs primarily with XRP, USD, and EUR, but lacks diversity compared to top exchanges .
|
While LBank provides detailed information on its fees and services, the site is primarily available in Mandarin, which can be a barrier for non-Mandarin speakers.
|
|
Transparent about fees and services, detailed fee page available .
|
LBank does not offer its own exchange card for customers to use for in-store purchases and receive benefits.
|
|
Users can deposit funds using credit and debit cards, although fees apply.
|
LBank uses a combination of hot and cold wallet storage, with most funds held in cold storage to ensure security against hacks.
|
|
Supports secure storage with 70% of assets in cold storage, AES encryption, and 2FA .
|
LBank offers some staking options, but they are not as extensive or competitive as those available on some other major exchanges.
|
|
Limited staking options and reward programs compared to competitors .
|
LBank provides a user-friendly mobile app and desktop platform, both of which offer comprehensive trading tools and features.
|
|
User-friendly interface on mobile and desktop, but mobile app development still in progress .
|
Customer service is available 24/7 via email and chat, but support quality varies significantly with slower and less effective responses for English-speaking users.
|
|
Offers live chat and email support, but response times can be slow .
|
LBank offers a variety of deposit and withdrawal methods, primarily in cryptocurrencies, with competitive fees. However, the absence of fiat deposit options can be a limitation.
|
|
Multiple methods for deposit and withdrawal, but high withdrawal fees and no credit card support .
|