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London
3 Level
116 Review
102 Karma

Review on LBank by Artur Vivo

Revainrating 5 out of 5

The largest exchange for convenient coin transactions.

Registration here is normal - you can register using an email or mobile phone number, then come up with a password and confirm the data. The trading terminal is very pleasing to the eye. In it, we see all the information necessary for trading: order books, transaction history, chart (integrated with Trading View), selection of a trading pair (now there are 142 of them) and also a working panel for placing orders. There are only two types of orders: limit and market, there is no stop loss function. The commission for any trading operations is a small percentage. Lbank is one of the top 10 exchanges in terms of daily trading volume, on average, this figure is several hundred million. It can also be noted that the exchange has a “Token sale” section, in which some ICO projects are carried out. Another interesting point is "Yu Bi B"LBank is one of the largest Asian crypto exchanges. The interface is available in 3 languages: Chinese, Korean and English. The design of the site is pleasant and informative enough, although the English version is made a little clumsy and there are many inaccuracies in the translation. The site is also adapted for iOS and Android mobile devices, for Windows and MacOS PCs.

Registration here is normal - you can register using an email or mobile phone number, then come up with a password and confirm the data. The trading terminal is very pleasing to the eye. In it, we see all the information necessary for trading: order books, transaction history, chart (integrated with Trading View), selection of a trading pair (now there are 142 of them) and also a working panel for placing orders. There are only two types of orders: limit and market, there is no stop loss function. The commission for any trading operations is a small percentage. Lbank is one of the top 10 exchanges in terms of daily trading volume, on average, this figure is several hundred million. It can also be noted that the exchange has a “Token sale” section, in which some ICO projects are carried out. Another interesting point is " ", in which you can put cryptocurrency on a deposit at an annual percentage and a fixed income.

We could not find information on the reliability of the platform, but there is also no mention of any exchange hacks, which indicates a good level of security. The exchange's legal address is located in Hong Kong, and there are no licenses from regulators. For account security, it is offered: two-factor authentication, additional passwords and a white list of IP addresses. Verification is not required. Deposit and withdrawal of funds are available only in cryptocurrencies, the exchange does not work with fiat, there is no commission for replenishment. When withdrawing funds, a minimum commission is charged as payment for the transaction on the network. The support service can be contacted using the ticket system or by email. We could not find any feedback on the quality of the technical support, so we decided to check the speed of work in the ticket system and wrote a letter with a question, we received an answer after 4 hours.

Summing up, we can say that this exchange has many strengths, but there are also many weaknesses, such as, for example, the lack of translation into English of the user agreement, but this is explained by the site's orientation towards the Asian market. In general, the exchange is quite high quality., in which you can put cryptocurrency on a deposit at an annual percentage and a fixed income.

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Pros
  • Good
Cons
  • No problems

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