Lbank Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

About Ibank.info

Lbank is yet a cryptocurrency exchange offering clients from around the world crypto to crypto trading pairs for a variety of digital assets. The exchange was founded in 2016 with the goal of providing users from around the globe with professional cryptocurrency asset management solutions. The exchange is owned and operated by a Chinese company known as Superchains Network Technology Co. Ltd.

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

Operating Company 

How To  Start With Lbank Cryptocurrency

To Start Trading With Lbank Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Lbank Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Lbank Cryptocurrency Exchange .

Fees

The costs of trading at LBank are relatively low, especially in comparison with other leading cryptocurrency exchanges. Both the maker and taker fees are grouped together in a flat fee of 0.10% per trade. The is very low considering most leading exchanges charge at least 0.20% – 0.25% per trade. As for deposits and withdrawals, deposits are free from any fees, but withdrawals incur a fee which varies from crypto to crypto.

Trade rate

Maker fee:

+0.1% Maker: Makers to increase the depth of market

Taker fee:

+0.1% Taker: Limit orders, market orders, stop orders and forced liquidation orders for immediate closing

Withdrawal rate

How Does LBank Exchange Work?

While LBank Exchange operates in a highly competitive market, its operations do not differ drastically. As a crypto exchange, it provides a web-based trading platform. It comes with an intuitive interface, offering a simple experience to users.

It also uses technical analysis indicators to provide the best trading opportunities to users. The most notable indicators used by LBank are CCI, RSI, KDJ, and MACD. It leverages such solutions and enhances its performance. After creating an account on the platform, users merely need to deposit funds. After that, they can use the tools to buy and sell cryptocurrencies.

Services Offered by LBank Exchange

Multiple Trading Platforms

LBank Exchange also has multiple device compatibility. Users can access it on both desktops and mobile for quality trading services.

Advanced Tools

The platform has advanced indicators like CCI, RSI, KDJ, and MACD. In addition, seasoned users can also avail themselves of its premium trading window for an advanced trading experience.

Optimal Security

With SSL and 2FA backing its website, LBank is a secure platform for everyone. Moreover, it uses cold and hot storage wallets to secure users’ assets.

Cryptocurrency Exchange

Crypto trading is the main reason why LBank Exchange is growing in popularity. It allows users to buy and sell many popular digital currencies at minimal prices.

Security and Fairness

Since LBank’s establishment in 2016, they have never had any reported hackings or loss of funds. The exchange implements the latest security features such as SSL encrypted servers, two-factor-authentication for logins and transactions, and both cold and hot wallet storage of user funds. As well, each user is treated equally with the same services available to them. Also, users are not required to submit any identification information and can remain anonymous while trading on their platform. One thing we found to be unfair is that some aspects of the website are only available in Mandarin Chinese, even though they claim to support the English language.