Bitcoin
BTC$60 252.30

-1.62%

Ethereum
ETH$4 018.12

-2.21%

Binance Coin
BNB$473.38

-1.64%

Cardano
ADA$2.12

-1.64%

Tether
USDT$1.000291

-0.03%

Solana
SOL$189.40

-3.30%

LBank – Cryptocurrency Exchange Volume and Information


LBank Register Now
LBank LBank is a centralized customer-to-customer (C2C) exchange that was established in October 2017 by the Chinese subsidiary company called Superchains Network Technology.
Rating -
Volume 24h $1 070 554 695
Change 24h -12.11%
Updated Sunday, October 24, 2021 3:01:02PM UTC
Discussion
WWW Website

LBank volume chart – 24 hours

LBank General Information

LBank facts, technical details and LBank information

LBank is a centralized customer-to-customer (C2C) exchange that was established in October 2017 by the Chinese subsidiary company called Superchains Network Technology. However, the platform is officially registered in the jurisdiction of Hong Kong, possibly to avoid having any issues with Chinese financial authorities. This, however, means that LBank doesn’t fall under any concrete crypto regulation and doesn’t hold the appropriate trading license, a fact which might serve as a turn off for the most cautious traders.

But despite that fact, LBank’s showings with regard to trading volume has been quite impressive lately. The exchange is currently placed in the top 20 of global exchange rankings by the reported volume, which often reaches $900 million over the course of the day, which is just below the waterline of $1 billion per day volume, the feat displayed only by the biggest trading platforms.

When it comes to cryptocurrencies, USDT generates the largest share of trading volume, which amounts to 67%, ultimately making it the most traded cryptocurrency. Bitcoin and Ethereum follow Tether with 17% and 13% of market share, respectively. LBank has six main cryptocurrency markets: BTC, ETH, NEO, QTUM, USDT, and BTS, which are subdivided into 154 trading pairs, which contains both the mainstream as well as the emerging cryptocurrencies. The exchange also has its proprietary stablecoin dubbed LBCN with is backed 80% by Chinese yen and 20% by Bitcoin. 

One of the most important distinguishing features of LBank is that it allows users to replenish an account not only with cryptocurrencies but also with fiat (US dollars and Chinese yen) via wire transfer. There is also a possibility of depositing funds through the Chinese payment outlets, such as AliPay and WeChat Payments. 

As expected, LBank doesn’t impose any fees on the incoming funds, but makers and takers will have to pay a flat fee of 0.1% of the transacted amount. The withdrawal fee doesn’t exceed the industry standard of 0.0005 BTC or its approximate equivalent in case of withdrawals in other cryptocurrencies.

When it comes to trading options, LBank offers the usual spot trading, along with the possibility of Over-the-Counter trading for more financially endowed customers. Unfortunately, one won’t be able to engage in futures trading on this platform, though the margin trading is accessible. 

The trading panel on LBank has a relatively simplistic design and a slightly inconvenient disposition of informational boxes. For instance, if one isn’t trading on a wide screen, he would be forced to scroll down constantly, which diverts attention from the price action.

The fact that Chinese is set a default language on the platform constitutes another feature that non-Chinese speakers might find annoying. Also, there are some sections on the platform that haven’t been duly localized to English.

LBank ensures the security of digital assets by employing the network of hot and cold wallets that don’t store the private keys, accompanied by the two-factor authentication, and SSL encryption of all data that goes through their servers.


Advantages of LBank     

Author: Alex Paulson for Crypto-Rating.com

LBank volume chart — 7 days

LBank volume chart — 30 days

* Crypto Rating accepts no liability for any errors in the LBank information and LBank trade volume. For the most up-to-date prices please visit the LBank's official website.

Top 10 Cryptocurrency Exchanges

# Exchange Founded Rate Coins Volume 24h Change 24h
1 Binance Binance 2017 4.7 341 71 147 979 353 -17.21%
2 Kraken Kraken 2011 4.5 62 855 814 888 -33.25%
3 Bitfinex Bitfinex 2012 4.4 146 708 417 348 -39.71%
4 KuCoin KuCoin 2017 4.2 282 4 028 933 449 0.92%
5 Indodax Indodax 2019 3.8 157 85 788 635 37.97%
6 WazirX WazirX 2018 3.4 176 207 300 081 135.90%
7 Paribu Paribu 2017 3.1 51 266 592 504 -5.68%
8 OKEx OKEx 2014 3.6 242 18 275 353 485 -0.93%
9 FTX FTX 2019 1.7 192 12 524 386 885 -28.19%
10 Huobi Global Huobi Global 2013 4.3 314 7 811 183 291 -66.49%

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.