№ 16 | Lbank - Cryptocurrency Exchanger Review CENTRALIZED
LBank is a cryptocurrency exchange, which is registered in Hong Kong.
The main target audience of the platform is Asian countries. Thanks to the large number of presented cryptocurrencies and low commissions, the platform received high liquidity.
On the one hand, the platform has such advantages as high liquidity, large selection of tokens, low commissions of transactions, convenient and simple interface, functional trading terminal and a simple process of registration and verification.
On the other hand, we can see a clear focus only on the Asian market, as well as an absence of margin trading and the mobile application is available only in Chinese.
At the Lbank crypto-exchange, trades are conducted in pairs to Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Qtum (QTUM), BitShares (BTS) and NEO.
The terminal is quite convenient and functional. According to many reports, there are no complaints about security level of Lbank.
There is no any information In the Internet that the platform has ever been attacked by hackers.
Or that its users had problems with losing their own funds in trading accounts.
To protect the account, it is possible to use double authentication.
Without the activation of 2FA, you cannot withdraw funds from the cryptoexchange. Separately, it is specified that the procedure for verifying the identity is not available for US residents.
Note that verification of mobile phone number is only available for users from China.
The trade commission for LBank is fixed and is 0.1% for all operations. This is a low value compared to most exchanges. There is an online chat on the site, there is also an opportunity to contact support via a ticket to e-mail.
To sum up, Lbank is a good platform for cryptocurrency trading.
Convenient interface, excellent choice of crypto currencies, no problems with registration and verification. At the same time, it frightens off the closer familiarity with the site, the lack of a fully functional English language. In addition, there is no English version of the rules for using the exchange.
The daily trading volume of Lbank is approximately close to $158 millions of dollars. At the time of writing, 78 crypto assets listed on Lbank.
- High level of liquidity;
- High level of security with two-factor authentication (2FA);
- Large diversity of tokens;
- Low trading fees.
- Focus only on the Asian market;
- Absence of margin trading;
- Mobile app available only for users from China