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.
Sign up for LBank today and tap into copy trading, NFTs, and 800+ cryptos — all in one streamlined platform
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.
ExchangeLBankFounded 2015HeadquartersIndonesia (PT LBK TEKNOLOGY INDONESIA)Founder Eric HeFeaturesA mobile app, LBank Wallet, copy trading, NFT marketplace, LBank earn and bonuses, launchpool & launchpad, and LBank academy.Supported Cryptocurrencies800+Native TokenLBKMargin Trading Yes (Leveraged tokens)KYC RequirementOptional (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 chatTrading FeesSpot: 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 FeaturesSpot, futures, P2P, leverage, derivatives trading, grid trading, copy trading, lending & borrowing, staking, and OTC trading.Deposit MethodsCryptocurrency and 20+ payment methods, including MasterCard, Visa, Google Pay, ApplePay, bank transfer, etc.WithdrawalCryptocurrency and third-party payment platforms.Restricted LocationsMainland 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,
