[Exchanges](https://revain.org/exchanges/) › LBank

# LBank: licences, security, fees and reviews

Centralized exchange

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2015
- **Operator**: LBK Exchange
- **Official site**: [lbank.com](https://www.lbank.com)

Key facts checked on 29 October 2026 against official sources and regulator registers.

## What is LBank

LBank is a centralised crypto exchange at lbank.com, operated by LBK Exchange; LBank says it was founded in 2015. It offers spot and futures trading, copy trading, earn products such as staking, and a payment card issued through partners. LBank publishes no licence on its own pages.

## Good to know

- The operator's only registration found in a regulator's register of authorised or registered firms is a US FinCEN money services business registration of LBK Exchange Limited (trading as LBank), signed 20 April 2026. It is a registration, not a licence. [↗](https://msb.fincen.gov/)
- Although the operator is registered with FinCEN, LBank's terms say it does not open personal accounts for US residents or corporate accounts for US entities. [↗](https://www.lbank.com/support/articles/21436496711705)
- Japan's Financial Services Agency added "LBank Exchange" to its list of unregistered crypto-asset exchange operators in June 2024, for serving Japanese residents over the internet without registration. [↗](https://www.fsa.go.jp/policy/virtual_currency/angoushisan_mutouroku.xlsx)
- Malaysia's Securities Commission lists LBANK on its Investor Alert List (2023) for operating a digital asset exchange without registration. [↗](https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list)
- Spain's CNMV warned on 9 September 2024 that LBANK (lbank.com/es) and LBK Blockchain Co. Limited are not authorised to provide investment services in Spain. The warning names LBK Blockchain, not the LBK Exchange of the terms. [↗](https://www.cnmv.es/webservices/verdocumento/ver?e=hBgk4bBhNmOSwX0ziCs0cZqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL)
- The user agreement is governed by the laws of the British Virgin Islands, and disputes go to arbitration at the Dubai International Arbitration Centre, seated in Dubai, in English. [↗](https://www.lbank.com/support/articles/21436496711705)
- The terms contain two restricted-country lists that differ: for example, Belarus appears only in the second list, while Azerbaijan, Bangladesh and Uruguay appear only in the first. [↗](https://www.lbank.com/support/articles/21436496711705)
- The LBank Card is offered through regulated third-party partners, and the card may be issued by a partner rather than by LBank. [↗](https://www.lbank.com/support/articles/2072230660113694720)
- The LBank Card terms are governed by Singapore law with arbitration at the Singapore International Arbitration Centre, unlike the main user agreement (British Virgin Islands law, Dubai arbitration). [↗](https://www.lbank.com/support/articles/2072230660113694720)
- Card payments in currencies other than the US dollar carry a 1.1% currency conversion fee. [↗](https://www.lbank.com/support/articles/2072230660113694720)
- The card terms also set a 0.8% spending fee on each authorised transaction and a USD 0.25 processing fee per transaction. [↗](https://www.lbank.com/support/articles/2072230660113694720)
- The USD 0.25 processing fee is charged even when a card transaction is declined, reversed or refunded. [↗](https://www.lbank.com/support/articles/2072230660113694720)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Spot trading in a wide range of crypto assets. |
| Derivatives | Futures and leveraged tokens. |
| Copy trading | Automatic copying of other traders' strategies. |
| Staking / Earn | Flexible and locked staking and airdrops. |
| Card | LBank-branded payment card for spending supported crypto assets, issued through partners. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| United States | LBK Exchange Limited (trading as LBank) | FinCEN money services business registration (money transmitter, seller of money orders, foreign exchange), signed 20 April 2026; not a licence | [Financial Crimes Enforcement Network (FinCEN)](https://msb.fincen.gov/) |

## Status in the United States and the United Kingdom

- FinCEN's MSB Registrant Search lists LBK EXCHANGE LIMITED, trading as LBANK, with a Denver address as a money transmitter, seller of money orders and dealer in foreign exchange for all US states and territories; the form was received on 22 April 2026. FinCEN notes that a listing is not an endorsement. [FinCEN MSB Registrant Search](https://msb.fincen.gov/)
- LBank's user agreement, governed by the laws of the British Virgin Islands, states that it offers no personal accounts to US residents and no corporate accounts to entities incorporated or operating in the United States. The United Kingdom is not on its list of excluded countries. [LBank user agreement](https://www.lbank.com/support/articles/21436496711705)
- No FCA Warning List entry for LBank was found in a search of fca.org.uk on 29 October 2026. [FCA website search](https://www.fca.org.uk/search-results?search_term=lbank)
- Under the Money Laundering Regulations 2017, cryptoasset businesses must register with the FCA before offering in-scope services in the course of business in the UK. [FCA cryptoasset AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)

Checked on 29 October 2026 against regulator registers and the text of the law.

## Security and audits

- LBank says it keeps hot and cold wallets separate and uses data encryption, multi-signature authorisation and 24/7 threat monitoring.
- LBank says it has a dedicated $100M fund for user asset protection and a 120% liquidation compensation programme for eligible users.
- LBank says it works with CertiK and SlowMist on security assessments, threat intelligence and incident response.
- LBank runs an official verification tool for checking whether a website, email, phone number or social account belongs to LBank, and says it never asks for funds or tokens through private messages.

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0.10% at the base VIP level (fee page checked 28 October 2026) |
| Spot taker | 0.10% at the base VIP level (fee page checked 28 October 2026) |
| Withdrawals | A withdrawal fee applies. |

## Who can use it

- Verification: Identity document verification (KYC) is required before any digital asset transaction.
- Not available in the United States, Canada, mainland China, Hong Kong, Macao and a list of sanctioned or restricted countries and regions, including Afghanistan, Belarus, Cuba, Iran, North Korea, Syria, Crimea, Donetsk and Luhansk.

## History

| Date | Event |
|---|---|
| 2015 | LBank says it was founded. |
| 2023 | Malaysia's Securities Commission listed LBANK on its Investor Alert List for operating a digital asset exchange without registration. |
| June 2024 | Japan's Financial Services Agency listed "LBank Exchange" as an unregistered crypto-asset exchange operator serving Japanese residents. |
| 9 September 2024 | Spain's CNMV published a public warning that LBANK (lbank.com/es) and LBK Blockchain Co. Limited are not authorised to provide investment services in Spain. |
| 20 April 2026 | LBK Exchange Limited, trading as LBank, signed a money services business registration with US FinCEN (received 22 April 2026). |

## Risks and caveats

- The terms state that, depending on local law, assets on the platform may not be adequately protected and users bear sole responsibility for their security.
- LBank publishes no licence. On 29 October 2026 it was not in ESMA's MiCA register or among the 60 licensed VASPs in Dubai VARA's public register; the only registration found in a regulator's register of authorised or registered firms is a FinCEN registration, not a licence.
- Regulators in Malaysia (2023) and Japan (June 2024) have listed LBank as operating a crypto exchange without registration, and Spain's CNMV warned in September 2024 that LBANK (LBK Blockchain Co. Limited) is not authorised to provide investment services in Spain.
- On 29 October 2026 LBank was not on Japan's FSA register of crypto-asset exchange operators (list as of 30 September 2026).
- The service is not available in the United States, Canada or mainland China.

## About the company

- **Legal entity**: LBK Exchange (named "LBK Exchange Limited" in the FinCEN register)
- **Founded**: 2015, according to LBank

## Official links

- Website: [www.lbank.com](https://www.lbank.com/)
- Fees: [www.lbank.com/vip/my-fee-rate](https://www.lbank.com/vip/my-fee-rate)
- Terms of use: [www.lbank.com/support/articles/21436496711705](https://www.lbank.com/support/articles/21436496711705)
- Security: [www.lbank.com/official-verification](https://www.lbank.com/official-verification)

## Questions and answers

**Is LBank regulated?**

LBank publishes no licence. Its operator, LBK Exchange Limited, is registered with US FinCEN as a money services business; regulators in Malaysia, Japan and Spain have issued warnings or listings about LBank operating without authorisation.

**Does LBank publish proof of reserves?**

No proof-of-reserves report is published on LBank's site. LBank says it has a $100M user protection fund.

**What are LBank's fees?**

Spot trading at the base VIP level costs 0.10% for makers and takers (fee page checked 28 October 2026); withdrawals carry an applicable fee.

**Who owns LBank?**

The platform is operated by LBK Exchange; its owners are not named on LBank's pages.

**Is LBank available in the US?**

No. LBank's terms exclude residents of the United States, as well as Canada, mainland China and a list of other countries and regions.

**Is LBank available in the EU?**

LBank's terms do not exclude EU countries, but on 29 October 2026 it had no entry in ESMA's MiCA register, and Spain's CNMV warned in September 2024 that LBANK is not authorised to provide investment services in Spain.

**What does the LBank Card cost?**

The card terms set a 0.8% spending fee on each authorised transaction, a USD 0.25 processing fee per transaction (charged even if the transaction is declined) and a 1.1% conversion fee on payments not made in US dollars; the card is issued through regulated partners and governed by Singapore law.

## Sources

- [LBank — About](https://www.lbank.com/aboutus)
- [LBank — Home page (security and protection fund)](https://www.lbank.com/)
- [LBank — User Service Agreement](https://www.lbank.com/support/articles/21436496711705)
- [LBank — Card Terms & Conditions](https://www.lbank.com/support/articles/2072230660113694720)
- [LBank — Fee Schedule](https://www.lbank.com/vip/my-fee-rate)
- [LBank — Official Verification](https://www.lbank.com/official-verification)
- [FinCEN — MSB Registrant Search](https://msb.fincen.gov/)
- [Japan FSA — Unregistered crypto-asset exchange operators](https://www.fsa.go.jp/policy/virtual_currency/angoushisan_mutouroku.xlsx)
- [Securities Commission Malaysia — Investor Alert List](https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list)
- [Japan FSA — Register of crypto-asset exchange operators](https://www.fsa.go.jp/menkyo/menkyoj/kasoutuka.pdf)
- [CNMV — Public warning on LBANK / LBK Blockchain Co. Limited (9 September 2024)](https://www.cnmv.es/webservices/verdocumento/ver?e=hBgk4bBhNmOSwX0ziCs0cZqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL)
- [ESMA — Interim MiCA register of CASPs](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)
- [VARA — Public Register](https://www.vara.ae/en/licenses-and-register/public-register/)
- [FCA website search](https://www.fca.org.uk/search-results?search_term=lbank)
- [FCA cryptoasset AML/CTF regime](https://www.fca.org.uk/firms/financial-crime/money-laundering-terrorist-financing/cryptoassets-aml-ctf-regime)

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Page updated: 2026-10-29

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Source: https://revain.org/exchanges/lbank/