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 Chinese company known as Superchains Network Technology Co. Ltd. Since China’s laws are rather harsh when it comes to cryptocurrencies, ICOs, and exchanges, the LBank exchange has based their headquarters out of Hong Kong and primarily serve the Asian and Chinese markets. However, the exchange does accept clients from all around the world and offers their services in both English and Mandarin Chinese.
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.
LBank is an interesting cryptocurrency exchange that’s growing and gaining the interest of many clients in the Asian markets. They offer very competitive fees and a wide variety of cryptocurrencies and markets to trade in. However, the exchange is not well suited for English speaking traders as support is very limited. If support is not important for you, then LBank might be a good option. Their exchange platform is nice and easy to use and still offers some advanced tools and features.
We consider the lack of mobile trading apps a weak side of an exchange, as an increasing number of investors prefer to use their smartphones for Bitcoin trading.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|