In this article, we will review the LBank Exchange to know what people are saying about it.
There are a lot of online exchanges to choose from when it comes to buying and selling cryptocurrencies.
But, with so many options, how do you know which one is the right fit for you? One exchange that has been gaining a lot of attention lately is LBank.
So, is LBank exchange legit? And what are people saying about it?
What is LBank Exchange?
LBank is an intriguing cryptocurrency exchange that is growing and attracting the attention of numerous clients from markets across the Asian markets.
They have very competitive rates and a variety of currencies and markets to trade. However, it is not suited to English users as the support is extremely inadequate.
If support isn’t a priority to you, LBank may be a great alternative. LBank’s exchange system is pleasant and user-friendly but provides some of the most advanced tools and options.
LBank Exchange, founded in 2015, is a revolutionary global platform for trading cryptocurrency assets.
LBank Exchange provides its users with safe cryptocurrency trading, specialized financial derivatives, and professional asset management services.
Where is LBank Exchange Located?
It was established in 2016 to provide users worldwide with a professional solution for managing cryptocurrency assets.
The exchange is operated and owned by a Chinese company called Superchains Network Technology Co. Ltd. Provides clients from all over the world with crypto-to-crypto trading pairs to trade a wide range in digital currency,
LBank Exchange Ranking
Statisticians provide the overview of LBank ranking in exchanges, trade volume, and listed cryptocurrencies, along with market share.
- Rank 63
- 24h trading volume $ 764.49 million
- Cryptocurrencies listed 206
- Market share 1.15 percent
Is LBank Exchange Safe?
It is attractive and straightforward, with a user-friendly interface that is simple to navigate and comprehend. Additionally, the platform includes sophisticated tools and features such as the following analysis indicators: MACD, KDJ, RSI, CCI.
The exchange platform also has a market depth window below the chart and one for volume below that of the windows to place orders. The arrangement of the options feels appropriate and well-thought-out.
While the platform is equipped with advanced features, tools, and technical indicators, it does not have any charting tools like drawing tools or other methods of technical analysis.
The exchange platform is quite advanced, suitable for experienced traders, and sufficient for beginners.
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Is LBank Centralized Exchange?
LBank is a Hong-Kong central online trading system for digital assets that focuses primarily on China. Chinese market.
LBank is strictly a crypto exchange, which means they support only crypto to cryptocurrency trading pairs, and there is no support for fiat currencies.
The exchange can support over 40 currencies to trade on six different markets for crypto. As more and more cryptocurrencies are being added every day, This number will likely increase shortly.
The markets for cryptocurrency that are currently available as well as the variety of trading pairs include:
- Tether (USDT): 8 cryptocurrency pairs
- Bitcoin (BTC): 22 cryptocurrency pairs
- Ethereum (ETH) The cryptocurrency has 36 pairs
- Qtum (QTUM) 7 cryptocurrency pairs
- Bitshares (BTS): 2 cryptocurrency pairs
- Neo (NEO): 3 cryptocurrency pairs
LBank Exchange Pros
- Very easy to navigate and use.
- Competitive charges
- A variety of crypto assets
- Sufficient liquidity
LBank Exchange Cons
- Poor customer service and a limited selection of choices
- It is not the priority of English spoken language does not have considered to be a top prioritization
- Unregulated
How to Buy Crypto on LBank Exchange
Buy Crypto with Just One Click You can purchase BTC, USDT, and other cryptos for a lower price and secure payment method directly from the merchants of the LBank exchange platform. It’s quick and secure. Own Crypto by Three Steps:
- Choose the cryptocurrency you wish to purchase
- Input the amount, amount, or amount
- Select the payment method you prefer.
LBank Exchange Withdrawal Limit
You can withdraw money from LBank by sending the cryptocurrency to your wallet address. There is no restriction on LBank withdrawals of exchange.
Can you Use LBank in the US?
It’s important to know that LBank is a member of KYC and AML guidelines and does not offer services to US citizens due to the regulatory hurdles.
LBank provides the option of locking the rewards at 8 to 20 percent for different coins and times.
The exchange also has mobile applications available for Android and iOS and an application for desktops running Windows.
In conclusion, it appears that LBank is a legitimate exchange. People are generally satisfied with the service and find it to be reliable.
However, as with any online service, there is always the risk of being scammed. Therefore, it is essential to do your research before using any exchange.
Watch the video below to know more about the LBank Exchange:
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This is a good article, I’ve been reading about Lbank and wondering if I should give it a shot.
This article came really helpful.
We are glad you find it useful.
Thank you