Origins and vision
LBank launched in 2015 to give global users access to both top cryptos and niche tokens. It focused early on mobile apps, aiming to keep crypto easy for worldwide retail traders, not heavy institutions.
Products and interface
Offers spot trading, futures up to 125x, plus staking and lending. UI is simple: order books, charts, tooltips all where expected. Good for quick buys or hedges, but lacks deep backtesting or algo tools.
Liquidity and execution
Major pairs trade with fair depth and spreads. But smaller tokens show patchy liquidity - small orders can move prices. Futures depth varies by contract. Works for everyday trades, but large fills should be tested first.
Fees, incentives, onboarding
- Spot fees about 0.1 percent, slightly lower for makers or high-volume users.
- Crypto deposits, no initial KYC, but withdrawals need ID checks for larger sums.
- Futures carry standard margin and rollover fees that might confuse newcomers.
Regulatory and global scope
Serves many countries but has no big licenses in the US, EU, or Japan. Trust relies on its operational history and occasional audits. No major scandals, yet still outside top regulatory umbrellas.
Security and support
Uses 2FA, SSL, and mixes hot/cold storage. Mobile and desktop stay secure. Support clears routine tickets, though can slow when busy. Community likes the app and token variety, less so on withdrawal delays.
Who should use LBank
- Retail traders exploring mid-cap or early tokens with basic staking or futures.
- Users wanting simple mobile trading without heavy institutional compliance.
Who might skip
- Traders needing deep liquidity or regulated assurance for large sums.
- Those wanting advanced trade tools or full reserve audits.
Pros and cons
- Pros: Huge token choice, spot and futures together, easy mobile use, low fees.
- Cons: No major regulatory cover, patchy liquidity on small tokens, support is basic.
Verdict
LBank fits small to mid-tier traders wanting many tokens and mobile-first ease. It’s good for exploring, less so for serious capital. Without big oversight or consistent depth, use it carefully - fine for cautious plays, not your primary exchange for heavy moves.