According to Coinmarketcap data, LBank is among the top 20 cryptocurrency exchanges with a daily trading volume of around $1,223,048,316 billion globally. If you are looking for a reliable and unique platform to buy and sell digital currency, Lbank can be one of your best choices. Stay with Dr.graphic to have the full advantage.
Key points:
LBank is a digital currency exchange that offers various trading features, including spot trading, leveraged trading, equity trading, network trading, leveraged tokens, and more.
LBank Exchange is registered in the US as an MSB (Money Services Business) under FinCEN and also complies with Canadian (FINTRAC) and Italian regulations.
The platform supports the trading of more than 700 cryptocurrencies with a competitive 0.1% fee for traders.
In simple words, LBank is a digital currency exchange that has a wide range of features and tools that meet all your expectations. Designed for both novice and expert investors, with comprehensive dashboards for spot, futures and ETFs. In other words, the LBank cryptocurrency exchange is exactly what you would expect from the industry.
LBank is a global cryptocurrency exchange platform founded in 2015. A secure and user-friendly environment that offers buying, selling and trading of more than 700 digital currencies. While initially focused on the Asian market, LBank’s popularity has spread to traders around the world. The platform also supports more than 200 fiat currencies.
Beyond basic spot trading, LBank offers a variety of services including derivatives trading (futures), equities, automated network trading, P2P trading, copy trading and even the NFT market.
At LBank, security is a priority. This trading platform uses measures such as cold storage of assets and two-step authentication to protect users’ funds. The exchange is also designed to provide a user-friendly trading experience and is accessible even to those who are relatively new to the cryptocurrency market.
A wide range of trading options
LBank offers spot, futures and ETF dashboards to its user base. All of these have positive characteristics and provide you with a good collection of information to understand what is happening in the trading market.
For example, you can easily see the high, low, change and 24-hour volume for any asset or pair. You can also browse orders and apply technical analysis tools on integrated charts.
It is worth noting that all LBank charts are provided by TradingView, which is useful for advanced investors who are accustomed to the precise range of measurements and metrics that this service offers.
It is beyond the scope of this article to list all the features that LBank offers through the TradingView integration, but I will mention a few elements to give you an idea of their extent.
You can plot crypto patterns, Elliott waves, and time cycles, apply fixed range volumes along with long and short positions, and view moving averages with easily adjustable parameters. Basically, these tools are designed for highly skilled and knowledgeable traders.
Crypto lending services
Another outstanding feature of LBANK is its lending service, which is designed for people who want to borrow more money to participate more in spot, margin and futures trading. The lending options are BTC or USDT and the collateral is in ETH or USDT. Also, another advantage is that there are no transaction fees for this process and users can repay at any time and the profit is calculated hourly. Loan options range from 7, 14, 30, 90 and 180 days, meaning short or medium term loans can be obtained, which is suitable for day traders who may need more purchasing power than they currently have for trading.
The biggest advantage that LBank offers is that users do not need to go through any unnecessary filters to apply for a loan. The company states that you can apply as long as you are registered with it. This is just one of the ways that the world of digital currencies shines, contrasting with the often strict traditional lending processes.
Fiat buying and selling options
Among other features of LBank, it can be mentioned that it offers fiat buying and selling options.
Unlike a decentralized exchange where you can only work with crypto assets, having these ramps is very important and one of the best aspects of using a centralized exchange. This platform supports buying and selling of BTC, ETH and USDT. Although the selection range is limited, there are undoubtedly desirable cryptocurrencies that traders are often involved with. The fiat options it supports are even more impressive, with gateways for USD, GBP, EUR, JPY, and less important currencies on the world stage, such as ILS, NGN, BRL, and many others.
NFT market
LBank users have access to a dedicated NFT market built within the platform. Users can browse a database of NFTs uploaded and maintained by members of the LBank community. While most of these NFTs are created by unknown artists (or created by artificial intelligence), what is important is that this service is provided by LBank and adds more variety and value to its user base.
Advantages and Disadvantages
Advantages of LBank
- Many cryptocurrencies and tokens, including new projects, are available for trading.
- Lbank allows you to bet certain coins to earn rewards while you hold them.
- Advanced trading features such as futures and network trading are provided in LBank.
- An attractive and user-friendly mobile application is available for both Android and iOS devices.
- Competitive trading fees, with maker/taker model
Disadvantages of LBank
- Low liquidity compared to other centralized exchanges such as Binance, Bybit or MEXC
- Not available for US users due to regulations.
Lbank exchange for Iranian users
This exchange does not have any special restrictions on Iranian users. According to the exchange support, there is no need for an IP change tool. However, Dr.Graphic suggests that you use a powerful static IP change tool to prevent possible risks that may arise for you and your account in the future.
This exchange also has a good reputation, history, and trading volume, and to date, no reports of fraud and money laundering have been published on the L-Bank exchange. Given the reputation of this exchange and its listing on Coin Market Cap, you can use the services provided on this platform.
previously on Dr.Graphic:
sources: Wikipedia _ Lbank _ CMC
