LBank Review: Is this Crypto Exchange Safe and Legit to Trade Cryptos in 2025?
LBank is a reputable cryptocurrency exchange offering traders a comprehensive suite of services in a single platform. The exchange features an intuitive mobile app, built-in wallet, copy trading tools, and an integrated NFT marketplace, allowing users to manage various crypto products from a unified portfolio.
LBank is both safe and legitimate for buying crypto in 2025. It stands out among crypto exchanges for its robust security measures, including SSL encryption and cold wallet storage, while allowing users to trade without mandatory identity verification (KYC).
This comprehensive LBank review will help you determine if it’s the right platform for your crypto trading needs. We’ll cover the exchange’s pros and cons, its availability in the US, detailed fee structures, standout features, and provide a clear guide on how to open an account and protect your assets.
Additionally, we will show you a straightforward process on how to open a new LBank trading account and highlight the security measures the exchange uses to protect users’ assets and data.
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LBank Review: What is it?
LBank is a popular centralized crypto exchange established in 2015, serving over 15 million users globally. It supports various trading products, including spot and margin trading, futures and options, peer-to-peer trading, staking, and crypto ETFs.
The exchange was launched in 2015 and currently offers cryptocurrency trading services to over 15 million users in various countries. It is ideal for investors who are looking to get early access to new crypto projects because it lists new altcoins often, giving users early access to these tokens before their market prices spike.
To give a detailed overview of LBank Exchange and its best features, the table below summarizes LBank’s trading features, supported cryptocurrencies, KYC requirements, and more.
| Exchange | LBank |
| Founded | 2015 |
| Headquarters | Indonesia (PT LBK TEKNOLOGY INDONESIA) |
| Founder | Eric He |
| Features | A mobile app, LBank Wallet, copy trading, NFT marketplace, LBank earn and bonuses, launchpool & launchpad, and LBank academy. |
| Supported Cryptocurrencies | 800+ |
| Native Token | LBK |
| Margin Trading | Yes (Leveraged tokens) |
| KYC Requirement | Optional (required for fiat services, LBank Card, and other features). |
| Security Measures | SSL encryption, two factor authentication (2FA), cold wallet storage, anti-phishing code, asset password, IP whitelisting, an insurance fund, and bug bounty programs. |
| Customer Support | Email and live chat |
| Trading Fees | Spot: 0% – 0.2% for makers and 0.10% – 0.20% for takers. Futures: 0.02% maker and 0.06% taker. Leverages Tokens: 0.20% maker/taker. |
| Trading Options and Additional Features | Spot, futures, P2P, leverage, derivatives trading, grid trading, copy trading, lending & borrowing, staking, and OTC trading. |
| Deposit Methods | Cryptocurrency and 20+ payment methods, including MasterCard, Visa, Google Pay, ApplePay, bank transfer, etc. |
| Withdrawal | Cryptocurrency and third-party payment platforms. |
| Restricted Locations | Mainland China, the United States, Iran, Iraq, Syria, Crimea, Sudan, North Korea, Afghanistan, and Cuba. |
What Are the Pros of LBank Crypto Exchange?
The pros of LBank crypto exchange are:
- Competitive Trading Fees: LBank charges a competitive 0.1% maker/taker fee for spot trading, 0.02% for makers, and 0.06% for takers for futures trading. These fees are competitive and cannot be reduced regardless of trading volume, allowing traders to understand the fee structure more easily.
- Optional KYC: The exchange offers KYC, but it is optional. You can use the platform to complete buy and sell orders, earn free coins, make withdrawals, and explore other products available on the trading platform without completing the identity verification process.
- 50+ Supported Payment Methods: The LBank trading platform supports over 50 deposit methods, enabling users to buy cryptocurrency using their local bank cards and accounts. Therefore, there’s no need to transfer your funds to third-party platforms before you can buy crypto unless you want to.
- Copy and Bot Trading: LBank offers a copy trading feature and grid trading (bots) to help users automate and optimize their cryptocurrency trades. Investors can either copy the strategies of experienced traders or use trading bots that help them capitalize on price fluctuations by executing trades automatically based on predefined parameters.
- Token Launchpad and Launchpool: LBank offers a launchpad where new projects can raise funds, and new users can find and invest in new cryptocurrencies before they hit other major exchanges. This is a great way to invest in promising projects for a heavily discounted price and hopefully get high returns if the project does well.
- High Liquidity for Meme Coins: Unlike many exchanges that struggle with liquidity for smaller altcoins, LBank Exchange has high liquidity for meme coins and newly listed tokens. This ensures a smooth trading experience and price stability when opening and closing positions.
What Are the Cons of LBank Crypto Exchange?
- No Trading Fee Discounts: Unlike other exchanges in the market, LBank does not offer trading fee discounts for holding a native token or higher trading volume. Spot fees remain fixed at 0.10 – 0.20% per trade, while futures fees remain at 0.02% and 0.06% for makers and takers, respectively.
- Limited Educational Resources: While LBank offers the LBank Academy and FAQs, it lacks demo accounts and comprehensive training programs, making it less ideal for beginners.
However, the crypto exchange enables learning through LBank Academy, which is a dedicated learning environment for traders who want to understand blockchain and crypto-related topics. Besides the academy, users can find answers to frequently asked questions at LBank’s support center.
- Limited Support Channels: LBank provides customer support via email and live chat. Therefore, the response times can be slow, especially for users who need help with more complex matters than the support bot can handle.
Don’t miss early access to trending altcoins — create your LBank account now and stay ahead of the crypto curve.
Is LBank Available in the US
No, LBank is not available in the US. The exchange does not have regulatory approvals in the US, so US-based users should consider platforms like Coinbase, Kraken, or Binance.US instead
What Country is LBank From?
LBank is from Indonesia, and the parent company is headquartered there. However, the trading platform has offices in the British Virgin Islands, Lithuania, Canada, and Singapore.
Does LBank Require KYC?
No, LBank does not require KYC. Without completing KYC, you can still buy, sell, and trade crypto and withdraw up to 300,000 USDT daily. However, certain products like the LBank Card are unavailable to you and non-verified users.
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What Are LBank Fees?
LBank fees are trading fees (spot and futures), deposit and withdrawal fees, leveraged tokens fees, and LBank Card charges.
LBank Trading Fees
LBank trading fees are competitive and follow the maker-taker model. For spot trading, it charges a flat 0.10 – 0.20% for both makers and takers. Meanwhile, futures trading fees on LBank are 0.02% for makers and 0.06% for takers.
Unlike other exchanges, which allow users to reduce their trading costs by increasing their 30-day trading volume or holding native tokens, the LBank platform does not offer discounts on trading fees even though it has a native token, LBK.
LBank Deposit and Withdrawal Fees
LBank deposit and withdrawal fees are different depending on the payment method. Crypto and fiat currency deposit fees (bank transfer, P2P, and crypto networks) are free. However, crypto withdrawal fees vary depending on the coin, blockchain, and network conditions.
Here is a breakdown of the withdrawal fees for various cryptocurrencies and fiat withdrawal methods on LBank Exchange.
Note: Withdrawal Fees for fiat currencies differ depending on your payment method. Also, internal withdrawals (i.e., transfers from one LBank wallet to another) for cryptocurrencies on the LBank platform are free.
Margin Fees (Leveraged Tokens)
LBank margin trading fees are a 0.20% maker/taker fee plus a 0.1% daily fee. The exchange takes a different approach to leverage trading by providing leverage tokens instead of leverage on tokens.
These leverage tokens function as derivatives rather than spot trading pairs and are perpetual products, eliminating the risk of liquidation even though they are as volatile as traditional margin trading.
The trading fees for leveraged tokens on LBank are the highest among all the available trading products. When you compare this to the margin transaction fees of other major exchanges in the crypto world, you will see that LBank has higher fees, even though they are below the industry average.
What are the Best Features of LBank?
LBank’s best features are its mobile app, the LBank Wallet, copy trading interface and NFT (non-fungible token) marketplace.
LBank Mobile App
The LBank mobile app is available for iOS and Android. It is a user-friendly platform that provides a convenient and accessible way for users to trade cryptocurrencies from their smartphones even when they are on the move. The app’s intuitive interface and advanced charting tools give beginners and experienced traders a smooth trading experience.
Using the app, you can access advanced tools, portfolio tracking, and all the trading options available on the desktop, including spot, derivatives trading, and futures trading. One of the app’s standout features is its real-time price tracking and alerts. Traders can set price notifications to stay updated on market movements without constantly checking the app.
The app also integrates LBank Earn, a feature that lets users stake cryptocurrencies and earn passive income. If you want to purchase crypto with fiat currencies, you can use multiple payment options, including credit and debit cards, bank transfers, and third-party payment providers.
Some of the key features of the LBank mobile app include:
- Integrated staking through LBank Earn.
- Live market data, and you can set price alerts for any pair.
- LBank supports multiple payment options for buying crypto with fiat currencies.
- Enhanced security with 2FA, biometric login, withdrawal whitelist, anti-phishing code, and IP whitelisting.
- LBank offers spot and futures trading with competitive trading fees.
- A portfolio overview screen that displays your account balance across spot, futures, grid, and earn accounts.
- A coin search page that highlights the latest and trending tokens. It also enables traders to quickly search for trading pairs across spot and futures markets and grid trading pairs.
Download the LBank app now and trade crypto with real-time alerts and tight spreads — anytime, anywhere
LBank Wallet
LBank Wallet is a built-in crypto wallet that allows users to store, manage, and transfer digital assets directly from the platform. It offers both a hot and cold wallet. The wallet is custodial, meaning LBank holds the private keys. This provides convenience but also means users must trust and depend on the platform for security.
Aside from the hot wallet storage, which provides easy access to user assets, another key advantage of the LBank wallet is its security measures. Funds are primarily stored in cold wallets to reduce the risk of hacks, while the platform also employs anti-phishing codes and withdrawal whitelist options for additional protection.
LBank Copy Trading
LBank Copy Trading is a feature that automatically allows beginners and less experienced traders to replicate professional traders’ trades. This feature is designed to help new traders make more money from crypto trading, even if they lack experience or are too busy to analyze LBank’s charts.
The trading platform displays key metrics about each trader, including their win rate, total profit, risk level, and trading history, to help followers learn more about the lead traders and their strategies. If you opt for copy trading on LBank Exchange, you can browse a list of experienced traders, review their performance history and trading strategies, and follow them.
Once you select a trader, their trading strategies are automatically mirrored in your account in real time. If the trader opens or closes a position, your account will execute the same trade proportionally to the funds you allocate. You could follow a trader and still be unable to copy their trades. To avoid failed copy trades, ensure a sufficient balance in your futures trading account.
LBank NFT Marketplace
LBank NFT Marketplace is a platform for minting, buying, selling, and trading NFTs. It is integrated with the LBank exchange, allowing users to easily fund their accounts and purchase NFTs without transferring crypto assets between different platforms.
When you register on the LBank Exchange, you automatically gain access to an NFT account. If you’re a creator, you can submit your NFT for review, and once it is approved, you can list it for sale. Creators and collectors can explore various NFT collections, including art, music, gaming assets, and virtual real estate, on LBank.
How To Open a New LBank Trading Account?
To open a new LBank trading account to buy and sell cryptocurrencies, you need to visit the LBank website or download the app, sign up with your email, verify your identity, enable security features, deposit funds, and start trading. Below is a step-by-step guide to help you through the process.
Step 1: Go to the official LBank website and click on the “Sign Up” button at the top right corner of the page. You can also register through the mobile app by downloading it from the Google Play Store or App Store.
Step 2: Register an Account
Enter your email address and create a strong password. If you have one, add your invitation code (referral code), then click “Log in/Register.” You will receive a verification code via email, enter it to complete the registration process.
Pro Tip: Referral codes help you earn free monetary rewards and trading fee discounts on crypto exchanges. Check out this crypto sign-up bonus compilation to find promo codes for various exchanges and get welcome bonuses of up to $30,000, depending on the exchange.
Step 3: Complete Identity Verification and Enable Security Features
After confirming your account, you can deposit crypto or fiat and start trading. However, you must complete the KYC verification process to unlock full trading features. You can do this through the “Official Verify” page on your profile and by uploading a valid government-issued ID (passport, driver’s license, or national ID).
For additional account protection, activate two-factor authentication (2FA) using Google Authenticator or SMS verification. Under account settings in the “Security” section, you can set up multiple security features.
Step 4: Deposit Funds
Once your account is verified, click ‘Deposit’ at the top right corner and choose a supported payment method to fund your LBank trading account. Crypto transfers, direct bank transfers, and third-party payment providers are available.
Step 6: Start Trading
To start crypto trading, click the round yellow button labeled “Trade” at the bottom center of your account if you are using the mobile app. If you use the web app, select “Trade” at the top of your dashboard. Then, tap on the displayed trading pairs to choose whether you want to trade spot, futures pairs, or leveraged tokens.
When you click on the trading product you wish to trade, LBank will display different trading pairs from which you can choose. If you don’t see the pair you want to trade, use the search bar to find it and place your first buy or sell order.
Based on your trading strategy and goals, you can customize your order by deciding whether to buy crypto at the current market price (market orders), limit orders, or stop-limit orders. Then, enter the amount you want to invest in the pair and place your order.
If you are a novice trader and would like to learn more about the order types used in major cryptocurrency exchanges before initiating your first trade, read this article on cryptocurrency trading. It covers everything you need to know about crypto trading and exchanges and how to start your cryptocurrency trading journey.
Is LBank Legit and Safe to Trade Cryptocurrencies?
LBank is a legit cryptocurrency exchange that has been operating since 2015. While LBank is not regulated by major financial authorities such as the SEC (US) or FCA (UK), it is regulated in multiple regions and has not recorded any significant hacks.
That said, LBank’s security features include SSL encryption, two factor authentication, cold wallet storage, an anti-phishing code, an asset password, and an insurance fund.
1. SSL Encryption to Protect User Data and Transactions
Even with the optional KYC requirements, LBank uses SSL encryption to ensure that information transmitted between users and the trading platform remains private and secure. Like some of the best no KYC crypto exchanges, LBank implements other advanced security protocols to protect its systems and infrastructure.
2. Two Factor Authentication (2FA) for Account Access
LBank requires users to enable Google Authenticator (2FA) to log in, withdraw funds, manage crypto holdings, and modify security settings. This adds an extra layer of protection by ensuring that only the account owner can approve major transactions.
3. Cold Storage for Funds
To minimize the risk of hacks, LBank stores most users’ funds in cold wallets, offline storage systems not connected to the internet. This reduces the chances of cyberattacks, as hackers cannot access these funds remotely. Only a few assets are kept in hot wallets to facilitate daily trading operations.
4. Anti-Phishing Code
Users can activate an anti-phishing code, which ensures that all emails received from LBank contain a unique identifier set by the user. This helps users detect fraudulent emails attempting to steal login credentials or funds.
5. Asset Password
LBank allows users to set up a fund password that they must enter every 2 hours during spot trading to verify their identity. This means that if someone uses your device to access your account or otherwise, LBank will prevent them from redirecting your funds since they can’t provide the fund password required.
6. IP Whitelisting
IP whitelisting is a security measure that allows only specific, trusted IP addresses to access your account. When you activate this security feature, any attempt to connect from unauthorized IPs will be blocked to protect your LBank account and crypto assets.
7. Insurance Fund
The Insurance Fund at LBank Exchange is designed to cover losses when client accounts go below zero, using collateral from fees on non-bankrupt clients to limit counterparty-liquidation occurrences. All perpetual futures contracts on LBank share a common insurance fund, except for BTC/USDT and ETH/USDT, which have their own separate funds.
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