LBank review
LBank operates as a centralized exchange under the management of LBK Exchange, storing deposits directly in LBank accounts. The User Service Agreement mandates real-name verification before conducting any digital asset transactions, although the KYC FAQ indicates this requirement only applies to certain regions and accounts needing KYC. This verification process involves an ID document, facial recognition, and a liveness check. The US is on its restricted list, and Japan's FSA has issued a warning that LBank provided services to Japanese residents without registration. In our view, it's prudent to anticipate a complete ID check prior to any deposits.
Sources disagree on ID
LBank's own pages do not give one answer on when it asks for ID.
Choose LBank if
Who LBank suits, from the values on this page.
LBank might not be the right fit if
- You do not want an account: LBank needs one.
- You want Monero: LBank does not list it.
- You want Lightning: LBank does not support it.
- You live in the US: LBank is not available there.
- You want a service with no incident on record: LBank had one in 2024.
Inside LBank
Screenshots taken November 3, 2026
- Platforms
- Apps listed in the App Store and on Google Play (app_rating_ios and app_rating_android, checked today)
What you get with LBank
Yes, no or partly, from our dataPrivacy 0 of 6
- No IDNot statedNot statedLBank's own pages we checked do not say, checked Oct 22, 2026. This is not the same as no.
- No accountNo
- Tor built inNot statedNot statedLBank's own pages we checked do not say. This is not the same as no.
- Onion addressNoNone published
- I2P addressNoNone published
- Works without JavaScriptNot statedNot statedLBank's own pages we checked do not say. This is not the same as no.
Coins 2 of 4
- BitcoinYes
- MoneroNo
- LightningNo
- ZcashYes
Custody and code 0 of 3
- You hold the keysNot statedNot statedLBank's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Open sourceNot statedNot statedLBank's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Address screeningNot statedNot statedLBank's own pages we checked do not say. This is not the same as no.
When can LBank ask for your ID?
LBank's own pages disagree on when it asks for ID.
- 1Never, by designNo company holds your order, so nobody can ask
- 2Only if you chooseID only for extras you opt into
- 3If a payment is flaggedNo ID by default; checks when a risk system flags you
- 4Above a limitID once you pass a stated amount
- 5AlwaysID before you trade, deposit or withdraw
If a check comes and you do not pass it
Without verification, deposits, trading and withdrawals are unavailable in regions or for accounts that require KYC. On suspected false identity LBank can reject the registration or cancel the account; on rule violations it may revoke credits or virtual assets and suspend or terminate the account; it cooperates with authorities in freezing or transferring user deposits. No return path for unverified balances is described.
“Applies only to regions/accounts required to complete KYC: Without verification, deposits, trading, and withdrawals will be unavailable. [...] If LBank has reasonable grounds to suspect that a User has registered under a false identity, LBank reserves the right to reject the registration or cancel the existing account.”
What triggers a check: Any digital asset transaction (User Service Agreement); registration and reset of trading or fund password (ID copy); deposits, trading and withdrawals in regions or accounts that require KYC; suspected false identity (registration rejected or account cancelled)
Not stated on LBank's pages: fee on refusal, refund policyLBank's own pages we checked do not say. This is not the same as no.
Checked October 23, 2026
What LBank costs
| What | LBank |
|---|---|
| Trade fee | Spot maker/taker in percent: VIP 0 0.1/0.1; VIP 1 0.08/0.08; VIP 2 0.065/0.07; VIP 3 0.05/0.06; VIP 4 0.04/0.05; VIP 5 0.03/0.04; VIP 6 0.02/0.035; VIP 7 0/0.03 |
| No-ID limit | Not statedLBank's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no. |
- Ways to pay
- Card: LBank Card with Apple Pay and Google Pay (spending card)
What LBank knows about you
Who sees what during a trade, and who runs it.
During a trade
No ID check does not make a bank payment private.
Network and who runs it
- Requests from authorities
- LBank assists judicial authorities and law enforcement as required by law and provides records to regulators on request
- Warrant canary
- Not published
Checked October 22, 2026
Track record and code
One regulator warning; no hack, closure or frozen-funds case found.
Incidents
- 2024Jun 14, 2024: Japan FSA warning against LBank Exchange for crypto-asset exchange business with Japanese residents without registration; representative and location unknown.
- Support
- 24/7 live chat (app and website); e-mail [email protected]; Telegram and Discord communities
Checked October 14, 2026
Community
Discussions about LBank on Reddit (opens in a new tab) (r/LBank2021)
More facts we checked on LBank
- Log retention
- Whole life of the account, then at least five years after closure or longer if laws require
- Onion address
- Not published
- I2P address
- Not published
LBank in the US and elsewhere
In the US
US availability: Not available
- Blocks US IPs
- Terms: the United States is on the restricted list
If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.
Outside the US
Excluded countries: Not statedLBank's own pages we checked do not say, checked Oct 22, 2026. This is not the same as no.
Regional rule: Not statedLBank's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Site blocks by region
- Restricted list includes Crimea, Cuba, Egypt, Hong Kong, Iran, Iraq, Mainland China, North Korea, Syria, the United States, Uruguay, Canada and others
Where you live and the provider's terms
Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.
Taxes
A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.
No KYC is not anonymity
"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. LBank's terms say it can ask for ID in these cases: Any digital asset transaction (User Service Agreement); registration and reset of trading or fund password (ID copy); deposits, trading and withdrawals in regions or accounts that require KYC; suspected false identity (registration rejected or account cancelled). Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.
Funds can be held
If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. LBank's terms say that if a check is requested and not completed: without verification, deposits, trading and withdrawals are unavailable in regions or for accounts that require KYC. On suspected false identity LBank can reject the registration or cancel the account; on rule violations it may revoke credits or virtual assets and suspend or terminate the account; it cooperates with authorities in freezing or transferring user deposits. No return path for unverified balances is described.
Checked October 22, 2026
Exchanges to compare with LBank
Other active services in this category from our list. The shield shows each one's ID rule from its own terms.
LBank side by side
From our privacy data, the same fields for every service| What | LBank | Crypton Exchange | NonKYC.io | BloFin | CoinEx | Pionex |
|---|---|---|---|---|---|---|
| ID rule | Not stated | No ID, by design | No ID, by design | ID above a limit | ID above a limit | ID above a limit |
| Account | Needed | Not stated | Needed | Needed | Needed | Needed |
| You hold the keys | Not stated | Not stated | No | No | Not stated | No |
| Monero | No | Not stated | Yes | No | Not stated | No |
| Lightning | No | Not stated | No | Not stated | Not stated | No |
| Open source | Not stated | Not stated | No | No | Not stated | Not stated |
Checked October 23, 2026
Short answers about LBank
From the data on this page.
Does LBank ask for ID?
LBank's own pages do not give one answer on when it asks for ID. You need an account.
Can you buy Monero on LBank?
No. LBank does not list Monero, per its own pages.
What does LBank cost?
Trade fee: Spot maker/taker in percent: VIP 0 0.1/0.1; VIP 1 0.08/0.08; VIP 2 0.065/0.07; VIP 3 0.05/0.06; VIP 4 0.04/0.05; VIP 5 0.03/0.04; VIP 6 0.02/0.035; VIP 7 0/0.03.
Who checked this page
Sources, how we read the terms and our process
Sources
- api.lbkex.com/v2/currencyPairs.do, for Zcash, checked October 23, 2026
- api.lbkex.com/v2/timestamp.do, for status, checked October 7, 2026
- api.lbkex.com/v2/withdrawConfigs.do, for Monero and Lightning, checked October 22, 2026
- fsa.go.jp/policy/virtual_currency02/LBank_keikokushiryo.pdf, for incidents, checked October 14, 2026
- fsa.go.jp/policy/virtual_currency02/LBank_keikokushiryo.pdf, for warrant canary and onion address, checked October 22, 2026
- itunes.apple.com/lookup, for platforms, checked October 22, 2026
- lbank.com, for I2P address, checked October 22, 2026
- lbank.com/buy-sell-crypto, for ways to pay, checked October 15, 2026
- lbank.com/fiat-card, for ways to pay, checked October 22, 2026
- lbank.com/support/articles/1983841341594927104, for ID rule, excluded countries and support, checked October 22, 2026
- lbank.com/support/articles/1983841341594927104, for what happens if a check fails, checked October 23, 2026
- lbank.com/support/articles/21282461924121, for data collected and log retention, checked October 22, 2026
- lbank.com/support/articles/21436496711705, for ID rule, what triggers a check, account, operator, excluded countries and US availability, checked October 22, 2026
- lbank.com/support/articles/21436496711705, for requests from authorities, blocks US IPs and site blocks by region, checked October 28, 2026
- lbank.com/support/articles/21519269015193, for ID rule, checked October 22, 2026
- lbank.com/vip/my-fee-rate, for bitcoin, checked October 7, 2026
- lbank.com/vip/my-fee-rate, for fees, checked October 22, 2026
How we read the terms
We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms
Our process
We take fees, availability, licenses and coin counts from primary sources: LBank's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked between October 7, 2026 and October 28, 2026.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.