What Is LBank?
LBank is a globally based centralized exchange (CEX) platform that was established in 2015. The platform allows users to buy and sell major crypto assets like Bitcoin (BTC) and Ethereum (ETH) in over 149 fiat currencies, with over 20 payment methods. The company has licenses from the National Futures Association, Italian Organismo degli Agenti e dei Mediatori, and money services businesses in the United States & Canada.
LBank's financial products include spot and margin trading, crypto futures and options, staking, and ETF trading of crypto assets. Other services include peer-to-peer (P2P) transactions and grid trading.
Where Is LBank Located?
The exchange is based in the British Virgin Islands, and owned and operated by LBK Blockchain Co., Limited. The exchange also has offices in Lithuania, Canada, and Singapore.
In what countries is LBank active?
The exchange has more than 9 million users and accepts clients from over 200 regions.
What Coins Are Supported on LBank?
The centralized cryptocurrency exchange supports over 800 cryptocurrencies and more than 1000 trading pairs. The most notable crypto assets of the platform are BTC, ETH, LUNA, MATIC, FTM, CRO, DOGE and more.
How Much Are LBank Fees?
The exchange charges a flat 0.10% maker and taker fee for spot trading, and withdrawal fees vary from crypto to crypto. For futures, the maker rates are 0.02% and 0.06% for taker fees. There is no deposit fee.
Is It Possible To Use Leverage or Margin Trading on LBank?
Exchange customers can trade leveraged ETFs using the spot trading process. A leveraged ETF is a derivative instrument. No margin is required. LBank supports 3X long leverage (3L) and 3X short leverage (3S).
Users can also trade crypto futures, including BTCUSDT, ETHUSDT, FILUSDT and more perpetual contracts with leverage of up to 125X. Cross margin and isolated margin are available.
FAQs
Yes and no. Yes, in the sense that you can sign up to LBank in the US and make a few trades, but no in the sense that you cannot fully get verified if you are a US citizen. If you want to experience a full exchange as an American, some great options are Coinbase, KuCoin, and Binance US, as all three are US-available.
How do you find the volume of cryptocurrency? ›
How do you calculate cryptocurrency volume? To calculate the volume of a cryptocurrency, you need to multiply the number of traded coins by the price of each trade.
What is the volume of LBank? ›
LBank has a trading volume of $1,488,699,900 in the last 24 hours and $600,546,984,114 in the last 7 days. LBank currently has 644 cryptocurrencies, 10 fiat currencies and 858 markets (cryptocurrency trading pairs). The most popular trading pair on LBank is BTC/USDT.
Is LBank a Chinese company? ›
LBank headquarters are at Shanghai, Shanghai, People's Republic of China.
Does LBank require KYC for withdrawal? ›
LBank offers registration bonuses, including a basic one and a deposit payback bonus, along with additional bonuses for completing tasks like KYC verification. Although KYC verification is encouraged for extra benefits, users can still withdraw up to 20 BTC per day in some cases without completing it.
How trustworthy is LBank? ›
At LBank, security is the priority. This trading platform uses measures like cold storage of assets and two-factor authentication to protect users' funds. The exchange is also designed to offer a user-friendly trading experience, making it accessible even to those relatively new to the cryptocurrency market.
What crypto has the highest volume? ›
Top 100 Coins by Trading Volume
# | Coin | 7d |
---|
1 | Bitcoin BTC | 13.7% |
2 | Ethereum ETH | 13.7% |
6 | USDC USDC | 0.0% |
56 | First Digital USD FDUSD | 0.1% |
39 more rows
How do I find the volume of a coin? ›
A coin (assuming it is round and of fairly regular thickness) is basically a cylinder. The volume of a cylinder is given by the formula V=πr^2h where r is the radius and h is the thickness or height. If you have a vernier caliper you should be able to measure the dimensions quite accurately.
Is high volume in crypto good? ›
Trading volume is crucial in crypto; it indicates coin popularity and potential price direction. High volume usually signifies bullish trends, while low volume may suggest a lack of interest. Heavy movements can affect attention, and sudden spikes with low volume may not be sustainable.
How many people are on LBank? ›
Garnering the trust of over 10 million users across 195+ countries worldwide, LBank is unwavering in its mission to craft a platform where every individual feels empowered to delve into the realm of cryptocurrencies.
The exchange charges a flat 0.10% maker and taker fee for spot trading, and withdrawal fees vary from crypto to crypto. For futures, the maker rates are 0.02% and 0.06% for taker fees. There is no deposit fee.
How many coins does LBank have? ›
What Coins Are Supported on LBank? The centralized cryptocurrency exchange supports over 800 cryptocurrencies and more than 1000 trading pairs.
Is LBank legal in USA? ›
Yes, LBank is available to traders in the United States. The platform accepts users from over 200 countries worldwide.
Is LBank a Tier 1 exchange? ›
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users.
Who is the CEO of LBank crypto? ›
1 Team Member
Name | Title |
---|
Wei He | Chief Executive Officer |
What crypto platform is allowed in the US? ›
Choose a reputable exchange: Popular exchanges in the USA include Coinbase, Gemini, and Kraken. These exchanges allow you to buy and sell Bitcoin using US dollars and other fiat currencies, and they typically have strict compliance standards to comply with US regulations.
Can you use BitGlobal in USA? ›
Citizens Use BitGlobal(Bithumb Global)? Unfortunately, BitGlobal does not provide trading services for U.S. investors.
Which crypto app to use in usa? ›
Compare the Best Cryptocurrency Exchanges
Company | Transaction Fees |
---|
Kraken Best for Low Fees & Experienced Traders | 0.00% to 0.40% |
Coinbase Best for Beginners | Variable fees (Coinbase), 0.00% to 0.40% maker fee, and 0.05% to 0.60% taker fee per trade (Coinbase Advanced Trader)20 |
Crypto.com Best Mobile App | 0.00% to 0.075% |
4 more rows
Is it legal to use cryptocurrency in USA? ›
The cryptocurrency Bitcoin has raised financial concerns for governments globally. Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K.