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LakeBTC Review

13

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Poor

Revainrating 2 out of 5  
Rating 
2.0
Crypto Exchanges

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Description of LakeBTC

LakeBTC is a Shanghai-based exchange that accepts most fiat currencies in exchange for Bitcoin and Ether. LakeBTC project was started in early 2013 as a virtual bitcoin exchange initially for traders and other financial professionals interested in cryptocurrencies and blockchain technology. Later that year, the exchange was incorporated and operated under the current domain name. LakeBTC also provides bitcoin wallet service to all accounts. Users may choose to withdraw bitcoins to their own wallets or simply leave them in LakeBTC. To protect your fund, we implemented a number of rigorous mechanisms including SSL encryption, cold storage, 2-step verification, SMS withdrawal confirmation, and trade notifications.

Reviews

Global ratings 13
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Type of review

LakeBTC is a computerized trade that started in 2013 and is situated in Shanghai, China. The trade stage offered by Bitcoin and Fiat joins together and perceives around 40 Fiat cash guidelines, which is an extremely enormous type of Fiat money on one Exchange. On the off chance that you need electronic money trade, Fiat cash trade and personality checks, you don't have to affirm the person on the stage, your complete name, address, government photographs (character card, character card…

Pros
  • The platform has many deposit systems.
Cons
  • The site is very old and requires a lot of effort from the creators.

Revainrating 1 out of 5

It's easy to utilize the stage and it is to some degree safe

LakeBTC is a Shanghai-based exchanging organization that perceives numerous sorts of monetary forms, not Bitcoin and Ether. The LakeBTC project was dispatched in mid-2013 as a virtual bitcoin exchange for intermediaries and other cash specialists keen on advanced cash and blockchain news. Before long the exchange was combined and created under the name of the current space. LakeBTC likewise offers bitcoin wallet the executives for all records. Clients can take bitcoin in their wallets or jus

Pros
  • Offers low trade expenses for purchasers and producers.
Cons
  • The issue of cash influences the general side of the scene.
  • Medium assistance
  • US inhabitants are not permitted to utilize it.
  • The site requires a great deal of exertion from the old and the architects

Revainrating 1 out of 5

My experience on this exchange platfrom named lakeBTC

LakeBTC is crypto currency exchange that was initially created to exchange Bitcoin only,it later added ether and it exchanges it for so many Fiat currencies. It has so many business tycoons that invested into this project and who have great love for the blockchain universe. Mining of coins like Bitcoin is free on this platform,it charges 0.15% for developers and 0.2 for users who wants buy.it has one of the most strong security system,it has SSI encryption,2FA, cold storage etc. is It a

Pros
  • It's charges little on transactions
Cons
  • It needs to be updated
  • This exchange I banned in America

Revainrating 4 out of 5

LakeBTC has good features but still questionable.

LakeBTC is a cryptocurrency Exchange launched in the year 2013 in Kunshan, China. It is a Chinese Exchange with very cheap trade fees, it also supports fiat currencies like USD and JPY and many supported cryptocurrencies. It supports credit card to purchase cryptocurrencies and also wire transfer. LakeBTC also holds referral programs and rewards participants for referring friends into using the Exchange. It supports many fiat currencies even NGN but the problems I encountered from using its…

Pros
  • It supports many cryptocurrencies.
  • It supports many fiat currencies.
  • It is cheap to trade on.
  • It holds referral programs.
Cons
  • It doesn't have an attractive interface.
  • Loading is slow.

Revainrating 2 out of 5

LakeBTC

LakeBTC is is a Shangha-based trading company launched in the year 2013 which recognises many cryptocurrencies as a means of exchange.This platform is of great disadvantage to those who don't really know much about Crypto and how it operates because of it's interface which is really difficult to operate and understand This platform offers various stores techniques, some are free which depends on the categories chosen,it allows for BTC mining anand they offer a very interesting low fee of…

Pros
  • It has very low exchange fee
Cons
  • Non active support team
  • A very difficult user interface, Making trading hard for learners
  • It is restricted to US residents

Revainrating 2 out of 5

LAKEBTC

This is a Shanghai based crypto currency exchange that exchanges Bitcoin and ether for so Many Fiat currencies, it was first a Bitcoin exchange platform for traders and financial mogul who invested their time and resources in the blockchain technology. It has a very tight and diplomatic security system that protect and secure the funds of every users on this platform,the platform implemented systems like two factor authentication, SMS withdrawal confirmation,trade notification and SSL…

Pros
  • Low transaction charges
Cons
  • Not allowed in USA
  • Require update

Trading on an exchange platform happens to require some level of expertise. This is really dissatisfying to people who don't really have the technical know-how. They feel they would have to go through some weeks or even months of intensive training to get that and that alone makes them loose interest. The exchange platform I would be reviewing today happens to have a problem with their user interface. Even myself that is a bit experienced in the blockchain technology and the companies there, I…

Pros
  • The exchange platform still functions as it has some trading volume
  • The exchange platform has a fee that I find quite okay
Cons
  • The exchange platform has a user interface that I find quite difficult to understand which made it difficult for me to use the exchange platform
  • The exchange platform has a support team that I don't find active

Revainrating 1 out of 5

Has not been active for a long time now.

Lake btc was created in 2013. It has been designed with a very good reading ability to trade cryptocurrency with the best transaction fees ever. This platform supports up to 40 cryptocurrencies and also provide a very secured medium and process of confirming your account. You need to make so many verifications like getting your 2fa verification code and also a code from your email. the previous rating of this exchange was excellent and it has been one of the successful trading platform…

Pros
  • Provide a secure way of assessing dear account.
  • Supported over 40 cryptocurrencies and other good investment achievement.
  • Was held by a good thing which had a good motive about this exchange.
Cons
  • This project is currently out of track.
  • There has not been any update about the sudden closure of this platform.
  • Many investors have withdrawn their funds from this project leaving it very useless.
  • Currently inactive.

LakeBTC is a Shanghai-based trading company that recognizes many types of currencies, not Bitcoin and Ether. The LakeBTC project was launched in mid-2013 as a virtual bitcoin trade for brokers and other money experts interested in digital money and blockchain news. Soon the trade was merged and developed under the name of the present space. LakeBTC also offers bitcoin wallet management for all records. Customers can take bitcoin in their wallets or just put it on LakeBTC. We have implemented…

Pros
  • Offers low exchange fees for buyers and manufacturers.
Cons
  • Medium help
  • The issue of money affects the overall side of the scene.
  • US residents are not allowed to use it.
  • The site requires a lot of effort from the old and the designers

Revainrating 1 out of 5

Lake BTC: A Project Without Real Technology Support

There is not easiest way of trading that doing it in the Lake BTC Platform. But what is easy is not always correct. This platform despite supporting a big number of tokens including BTC and ETH, is little recognized because of its design. The project has a lack of development that does not permit to give a correct rating. Personally, I just researched about his project to measure its financial scope. I cannot asumiré it is efficient in that matter, but at least for now, I can agree that some t

Pros
  • There are no positive aspects to mention.
Cons
  • The site is too outdated and requires a big effort from its developers.
  • Financial matter are affected by the general aspect of the platform.
  • There has been small trading offers in the last moths.

LakeBTC is a cryptocurrency Exchange platform that came into existence in 2013, and based in Shanghai, China. Is a trading Platform that offer Bitcoin and Fiat pairs and accept almost 40 Fiat currencies which is a very large Fiat currencies in Exchange Trading with digital currencies did not require verification of identity on the platform while verifications is required for trading Fiat currencies and verification of identity required Full name, address, photos of government issued document…

Pros
  • It Offer low trading fee for both takers and makers.
  • The platform has many deposit system.
  • It accept almost 40 Fiat currencies in Exchange
  • The platform is easy to use and secure to some extent.
  • They can be contacted through many ways.
Cons
  • US resident are not allowed to use.
  • Slow service

Revainrating 5 out of 5

LakeBTC is an exchange platform.

LakeBTC or Lake Banking Technology Company, a subsidiary of Lake Investment Limited, is nowadays a bitcoin trading ”platform for pricing, liquidity, security, derivatives and indexes” for individuals and professionals. Founded in 2013 in Kunshan, China, as a bitcoin exchange platform for interested traders and professionals, it gained experience to build its bitcoin platform. LakeBTC took issue with the methodology of the audit, raising a number of good points as to why the audit was not, in…

Pros
  • lakebtc offers 2-layer authentication at login
  • LakeBTC accepts various kinds of deposits. You can deposit via cryptocurrency wallet, credit card and wire transfer. It is important to know their deposit fees before choosing which way to go.
Cons
  • Doesn’t keep the pace with competition
  • Website could use some improvements

Revainrating 3 out of 5

It has been operating since 2013.

The exchange is recognized by the industry as a whole. It is true that this information is used as one of the bases for CoinDesk's bitcoin price index. Furthermore, it is easy to find services that cover the cryptocurrency trading industry by the media.

Pros
  • Support multiple payment methods including Paypal, Skrill, Western Union, MoneyGram.
  • Also accepted 37 fiat currencies this is really large number of fiat i've ever seen.
  • Iron Clad security.
  • Relatively low fees.
Cons
  • Poor navigation interface for websites.