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LBank Review
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In our view, LBank is a capable venue for experienced altcoin and futures traders, with 885 crypto assets, 835 listed perpetual contracts and trading bots at a 0.1% spot fee. Before you deposit, read our notes on security and regulation. Beginners should start elsewhere.
Overview
Quick Facts
LBank is a crypto exchange founded in 2015 and run by LBK Exchange. It offers spot trading in 885 crypto assets, USDT perpetual futures, grid bots, copy trading and staking.
Informations
Pro's & Con's
- 885 crypto assets with an active spot market
- USDT perpetual futures with up to 200x leverage on BTC
- Grid bots, copy trading and Spot Auto-Invest
- Tokenized stock and ETF tokens on the spot market
- Fixed BTC withdrawal fee of 0.00005 BTC
- No license named and no head office stated
- No current proof-of-reserves report that we could find
- The protection fund covers futures price spikes only, not deposits
- Not open to residents of the US, Canada or mainland China
- Warning from Japan's FSA for serving Japanese residents without registration
LBank
Features
Feature Overview
Unique Features
- 885 cryptocurrencies with an active spot market
- Tokenized US stocks and ETFs on spot
- Up to 200x leverage on BTC futures
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
Our
LBank
Review
Our Rating
Customer Reviews
/ 5 average rating from 0 reviews
Write a Review
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We rate operation as average. LBank offers apps for iOS and Android, and their ratings vary by store: 3.81 out of 5 from 790 ratings in the US App Store and 2.98 from 48 ratings in the German App Store. On Google Play, the German view shows 4.5 from 24,927 ratings and the US view 3.7 from 24,930 ratings. Passkey login and an AI analysis tool called BK Genie are among the newer features. In our view, the number of products makes the menus busy for anyone who only wants to buy and hold. Spot, futures, bots, copy trading, earn products and the card all compete for space. We rate the layout as workable for experienced traders, who will find their way around quickly.
In our view, functions and scope are LBank's strongest area. Beyond 885 crypto assets on spot, it lists 835 USDT perpetual contracts, among them futures on stocks, gold and indices. Leverage goes up to 200x on BTC and up to 500x on two gold contracts, while most contracts stop at 50x. LBank also offers grid bots, a strategy marketplace, copy trading, flexible and locked staking, Spot Auto-Invest for recurring buys, peer-to-peer trading and the LBank Card. The spot list also carries 125 tokenized stock and ETF tokens, and the futures side adds Prediction Futures and Flash Futures. An AI analysis tool called BK Genie is among the newer features. In our view, few traders will miss a product here.
We rate beginner-friendliness low. Leveraged tokens sit in the same spot list as regular coins, and futures go up to 200x on BTC. In our view, the menus put bots, futures and earn products right next to simple buying, which can confuse a first-time buyer. On the plus side, a BTC/USDT spot order can start at 1 USDT, and Spot Auto-Invest lets you set up recurring buys. Identity verification comes first: LBank asks for an ID document, a selfie with a handwritten note and a liveness check. First-time buyers will find a simpler start with the exchanges in our Coinbase review and our Bitpanda review.
We rate fees as average. Spot trades cost 0.1% maker and 0.1% taker at the entry tier, perpetual futures cost 0.02% maker and 0.06% taker, and a BTC withdrawal costs a fixed 0.00005 BTC. Lower rates need a higher VIP level. The fee schedule lists no deposit fee for any coin or network, and the LBank Card charges 0.8% per transaction. In our view, these costs sit in the middle of the market: low enough for active trading, but above what MEXC charges at its entry tier. Our list of crypto exchanges with the lowest fees puts LBank's entry-tier spot fees next to other exchanges.
We rate security and trust in the middle of our scale. Two-factor authentication with Google Authenticator, passkey login and a $100 million fund for futures price spikes count in LBank's favor. Against it: no named license, no stated head office, no current proof of reserves that we could find, and a 2024 warning from Japan's FSA. The fund itself has limits: it covers futures losses from price spikes that LBank confirms, not spot balances or deposits. LBank's user agreement places the platform under the laws of the British Virgin Islands, with arbitration in Dubai. In our view, it is safer to keep only the balance you trade with on the exchange.
We rate support below average. LBank offers 24/7 live chat in the app and on the website and support by email. Its help center has setup guides, for example for Google Authenticator, and a KYC FAQ that gives review times: automated reviews usually take 5 to 30 minutes and manual reviews 1 to 3 business days. The same FAQ lists the documents you need: a passport, national ID or driving license, plus a selfie with a handwritten note. It also links a guide on how to contact online support. In our view, the help articles leave some account questions open, such as verification limits, so you may need to ask support.
In our view, LBank fits experienced traders who want many altcoins, futures and bots. Beginners and anyone who puts regulation first will be better served by the exchanges in our Coinbase review and our Bitpanda review. Active traders who want a published proof of reserves can read our MEXC review.
About
LBank
LBank
LBank Review: Coins, Futures, Fees and Who It Suits
Our verdict: in our view, LBank suits experienced traders who want a long list of altcoins, futures with high leverage and trading bots. We rate it a weak choice for beginners. LBank lists 885 crypto assets with an active spot market. It charges a 0.1% maker and taker fee on spot at its entry tier and offers USDT perpetual futures with up to 200x leverage on BTC. Before you deposit, read our section on security and regulation below.
- Good fit: active traders interested in small-cap tokens, perpetual futures, copy trading, and grid bots.
- Look elsewhere: first-time buyers may find easier options among our alternatives below.
LBank was founded in 2015 and says it has 25,000,000+ registered users across 160+ countries and regions. Its user agreement names LBK Exchange as the company that runs the platform. If you are new to crypto, our Coinbase review and our Bitpanda review cover easier places to start. Readers in the US can begin with our list of crypto exchanges for US customers.
| Crypto Exchange | Cryptos | Trading Fee | Withdrawal Fee | For US Users? | EF Score |
|---|---|---|---|---|---|
 WEEX | 1173 | 0.1 % | ₿ 0.00016 | No |  9.8 /10 |
 MEXC | 1262 | 0.05 % | ₿ 0.00002 | No | 9.6 /10 |
 Binance | 416 | 0.1 % | VariesBinance sets this fee itself and adjusts it to activity on the Bitcoin network. On 2026-10-03 it charged 0.00002 BTC for a Bitcoin network withdrawal, about $1.69 at Binance's BTC/USDT price. | No | 9.4 /10 |
 OKX | 304 | 0.35OKX US entry tier (OKX INC.) for US residents. The global and EEA entry tier is 0.08% maker and 0.10% taker. % | VariesOKX charges the Bitcoin network fee it shows on its withdrawal page, and the amount changes with network load. On 2026-10-05 it showed 0.000015 BTC, about $1.29 at the OKX BTC index price. | Yes | 9.3 /10 |
 Bitpanda | 568 | 0.99 % | VariesBitpanda adjusts this fee to congestion on the Bitcoin network and says it earns nothing from it. On 2026-10-03 it showed 0.00000598 BTC, about $0.51 at Bitpanda's BTC price. | No | 9.2 /10 |
 KuCoin | 837 | 0.1 % | ₿ 0.00009 | No | 8.9 /10 |
 Bitvavo | 426 | 0.25 % | VariesBitvavo sets this fee itself and changes it with blockchain capacity. On 2026-10-03 it charged 0.000017 BTC, about $1.44 at Bitvavo's BTC/USDC price. | No | 8.8 /10 |
 eToro | 150 | 1 % | VariesMoving BTC from your eToro investment account to the eToro crypto wallet costs 2% of the amount (at least $1, at most $100). Sending it from the wallet to an external address then costs only the Bitcoin network fee. | Yes | 8.8 /10 |
 Kraken | 629 | 0.8 % | VariesKraken may adjust this fee as its costs and market conditions change. On 2026-10-03 its fee page showed 0.000015 BTC for a Bitcoin withdrawal when viewed from the US. | Yes | 8.8 /10 |
 Pionex | 311 | 0.05 % | ₿ 0.000018 | No | 8.5 /10 |
 Bybit | 393 | 0.1 % | VariesBybit sets this fee itself and changes it often. Between 2026-10-02 and 2026-10-05 it showed 0.000035 to 0.000068 BTC for a Bitcoin network withdrawal. | No | 8.5 /10 |
 Coinbase | 407 | 0.9Coinbase Advanced spot entry tier for US residents. In the EU and UK the entry tier is 0.25% maker and 0.50% taker; in Brazil, India and other international markets it is 0.09% maker and 0.10% taker. % | VariesCoinbase sets this fee from its own estimate. Estimated Bitcoin network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | Yes | 8.3 /10 |
 BSDEX | 10 | 0.35 % | ₿ 0 | No | 8.2 /10 |
 Bitfinex | 68 | 0 % | ₿ 0.00006 | No | 8.1 /10 |
 Bitstamp | 114 | 0.4 % | VariesBitstamp charges its own estimate of the Bitcoin network fee plus a processing fee it does not publish, and shows the total before you confirm. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space); the processing fee comes on top. | Yes | 8.1 /10 |
 Bitget | 511 | 0.1 % | ₿ 0.00002 | No | 8 /10 |
 justTRADE | 73 | 0.125justTRADE charges no maker or taker fees. You pay a 0.125% commission per crypto order plus a spread of at least 0.175% in the price. % | Not possiblejustTRADE does not allow transfers of crypto into or out of your account. | No | 8 /10 |
 Crypto.com | 416 | 0.5 % | VariesCrypto.com Exchange quotes 0.0004 BTC for a Bitcoin withdrawal, about $33.82 at its BTC price on 2026-10-03. The quote is based on an estimate of network fees, so the final fee may differ. | Yes | 8 /10 |
 Trade Republic | 50 | 0Trade Republic charges no commission on crypto trades. You pay a €1 settlement fee per trade, plus a spread in the price. % | VariesTrade Republic charges no fee to send crypto; you pay only the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | No | 7.9 /10 |
 Phemex | 139 | 0.1 % | ₿ 0.000015 | No | 7.8 /10 |
 Scalable Capital | 32 | 1% % | ₿ 0.99% - 0.69% | No | 7.8 /10 |
 CEX.IO | 272 | 0.25 % | VariesCEX.IO lists this fee as floating and sets the amount itself. On 2026-10-03 it listed 0.000075 BTC, about $6.35 at CEX.IO's BTC price. | Yes | 7.5 /10 |
 Relai | 1 | 1Relai charges a 1.00% service fee on transactions of €50 to €99,999.99, plus its own margin in the price. % | No feeRelai's wallet is non-custodial, so the bitcoin you buy is held in your own wallet. Relai covers the Bitcoin network fee when you buy; when you sell, the network fee is included in the price shown. | No | 7.5 /10 |
 Plus500 | 24 | 0Plus500 offers crypto as CFDs in the EEA. It charges no fee to open or close a trade and is paid mainly through the spread built into its quoted price. % | Not possiblePlus500 offers crypto as CFDs, so there are no coins to withdraw. | No | 7.5 /10 |
 WhiteBIT | 338 | 0.1 % | VariesWhiteBIT bases this fee on blockchain fees and the price of bitcoin, and it can change the fee without notice. On 2026-10-08 it listed 0.00009 BTC for a withdrawal on the Bitcoin network, about $7.48 at WhiteBIT's BTC price. | No | 7.4 /10 |
 Gate.io | 1464 | 0.1 % | VariesGate adjusts its withdrawal fees every hour based on network conditions. On 2026-10-04 its fee page showed 0.00003 BTC for a Bitcoin withdrawal, about $2.57 at Gate's BTC price. | No | 7.2 /10 |
 BitFlyer | 9 | 0.1bitFlyer USA entry tier for Lightning Spot; bitFlyer Europe also charges 0.10%. On bitFlyer USA, the Buy/Sell service has no separate fee, but its prices include a fee of 0.1% to 6.0%, and more when prices move sharply. % | ₿ 0.0004 | Yes | 7.1 /10 |
 Hotcoin | 285 | 0.2 % | ₿ 0.00003 | No | 7.1 /10 |
 bitcoin.de | 8 | 0.5 % | ₿ 0.000079 | No | 7 /10 |
 Gemini | 80 | 1.2 % | VariesGemini charges a dynamic fee meant to cover the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | Yes | 6.5 /10 |
LBank | 885 | 0.1 % | ₿ 0.00005 | No | 6.3 /10 |
 Libertex | 102 | 0.1Libertex offers crypto only as CFDs. It charges a 0.1% commission on crypto CFDs, and the spread varies with the market. % | Not possibleLibertex offers crypto only as CFDs, so there are no coins to withdraw. | No | 6.1 /10 |
 Upbit | 360 | 0.05 % | ₿ 0.0002 | No | 6 /10 |
LBank at a glance
- Operator: LBK Exchange, named in LBank's user agreement
- Founded: 2015
- Crypto assets: 885 with an active spot market (1,368 active spot pairs in total, including leveraged and stock tokens)
- Spot fees, entry tier: 0.1% maker and 0.1% taker
- Futures fees, entry tier: 0.02% maker and 0.06% taker
- BTC withdrawal: a fixed 0.00005 BTC set by LBank
- Leverage: up to 200x on BTC perpetual futures
- Governing law: British Virgin Islands, with arbitration in Dubai
- Identity verification: required before any trade
What LBank offers
The spot market is the core. LBank lists 885 crypto assets with an active spot market. We count only crypto here, so the figure leaves out two other groups in the same list: 332 leveraged tokens and 125 tokenized stock and ETF tokens from issuers such as Ondo, xStocks and bStocks. LBank's own About page advertises 800+ cryptocurrencies.
Derivatives form the second pillar. LBank lists 835 USDT perpetual contracts, covering futures on stocks, gold, and indices. Leverage reaches up to 200x on BTC and up to 500x on two gold contracts, while most contracts cap at 50x. Leverage can amplify both losses and gains, and a small adverse price movement can liquidate a position. Features such as copy trading, futures grid bots, Prediction Futures, and Flash Futures are available alongside the perpetuals.
For automated and long-term buying, LBank offers spot grid bots, a strategy marketplace and Spot Auto-Invest for recurring buys. Flexible and locked staking are available, and the LBank Card lets you spend crypto with a 0.8% transaction fee. LBank says the card may be issued by a partner rather than by LBank itself. In our view, this breadth is the main reason we rate functions and scope as LBank's strongest area.
What LBank costs: a worked example
Imagine transferring USDT from another wallet, purchasing BTC on the spot market, and later transferring the BTC to your own wallet:
- Deposit the USDT: LBank's fee schedule shows no deposit fee for any coin or network, including USDT and BTC.
- Buy BTC with USDT: 0.1% of the order value at the entry tier applies, whether your order is a maker or a taker.
- Withdraw the BTC: a fixed 0.00005 BTC established by LBank, constant for any amount sent.
Spot fees fall with your VIP level, down to 0% maker and 0.03% taker at VIP 7. LBank notes that certain tokens may not get this rate during specific periods, so check the fee in your trade history. Perpetual futures cost 0.02% maker and 0.06% taker at the entry tier. In our view, LBank's spot fee is average: MEXC, for comparison, charges 0% maker and 0.05% taker on spot at its entry tier. Our list of crypto exchanges with the lowest fees compares entry-tier fees side by side.
Security, regulation and proof of reserves
LBank names no license or registration on its About page. Its user agreement says LBK Exchange runs the platform under the laws of the British Virgin Islands, with disputes going to arbitration in Dubai. It does not say where the company has its seat. The App Store lists the iOS app's seller as LBANK EXCHANGE UAB.
Japan's FSA issued a warning in June 2024 that "LBank Exchange" was operating a crypto exchange business for Japanese residents without registration.
In March 2025, LBank announced a $100 million Futures Risk Protection Fund. It promises 120% of losses from liquidations or stop-losses caused by platform-related price spikes on futures pairs of the top 100 coins by market cap. Only spikes that LBank's own team reviews and confirms qualify, and LBank can change the rules. The fund covers only those futures losses, not spot balances or deposits, so we do not treat it as deposit protection.
We found no current proof-of-reserves report on LBank's website. For your account, LBank offers two-factor authentication with Google Authenticator and passkey login. Our How we rate page explains how we score each criterion.
Where you can use LBank
LBank's user agreement states it does not provide accounts to residents of the United States or mainland China, and the list of blocked regions includes Canada and Hong Kong. The agreement specifies numerous other countries and regions, so verify for your country before registering.
Identity verification is mandatory. LBank asks for a passport, national ID or driving license, a selfie with a handwritten note and a liveness check. It says automated reviews usually take 5 to 30 minutes and manual reviews 1 to 3 business days. LBank's KYC guide names no verification tiers or limits.
Who should look elsewhere
- Beginners: LBank mixes 332 leveraged tokens into its spot list and offers futures with up to 200x leverage on BTC. Simple buying is easier elsewhere.
- Those prioritizing regulation or published proof of reserves: consider the alternatives below.
Alternatives to LBank
- For beginners and US readers: see our Coinbase review. Coinbase lists 407 crypto assets and serves customers in the US.
- For beginners in Europe: see our Bitpanda review. Bitpanda, authorized under MiCA by Austria's FMA, lists 568 crypto assets.
- For active traders: see our MEXC review. MEXC lists 1,262 crypto assets and provides a monthly proof of reserves.
More choices: explore our lists of crypto exchanges for beginners and crypto exchanges for derivatives.
FAQ
Is LBank legit?
LBank has operated since 2015, and its markets are active. In our view, it is a workable venue for experienced traders who keep only trading balances on it, not a place to store savings. Our section on security and regulation above explains what LBank discloses about its operator, licenses and reserves.
Can US customers use LBank?
No. LBank's user agreement excludes United States residents. Our list of crypto exchanges for US customers presents options for US readers.
What are LBank's withdrawal fees?
LBank charges a fixed 0.00005 BTC fee to withdraw BTC. Fees for other coins vary by coin and network, as listed in LBank's fee schedule. The schedule lists no deposit fee for any coin or network.
What are LBank's spot trading fees?
At the entry tier, LBank charges 0.1% maker and 0.1% taker on spot. Rates decrease with your VIP level, reaching 0% maker and 0.03% taker at VIP 7.
Does LBank require KYC?
Yes. LBank's user agreement mandates real-name verification (KYC) before any digital asset transaction.
How we checked this review
We read LBank's user agreement, its About page, its fee schedule, its card terms, its KYC guide, its KYC FAQ and its notice on the protection fund. We pulled the spot market and futures contract lists from LBank's public data feeds, looked up the App Store and Google Play listings, and searched the warnings of Japan's FSA. Every LBank figure in this review text comes from those sources.
About the author
Ethan Parker is Senior Content Editor at Exchange Flow. He has followed crypto since 2015, from Bitcoin and Ethereum to the exchanges people use to buy and trade them.
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