Review on LBank by Yinka Yemisi
LBank is a cryptocurrency exchange that offer the same services for all its users
It was established In 2016, it's headquarters based in Hong Kong. Primarily, it serve Chinese and Asian market. It accepts through out the world and offers different services in both English and Mandarin Chinese.
Although, it is not a licensed exchange, it offer competent and trustworthy services.
It is a crypto currency exchange, that based on crypto to crypto trading pair and it does not support fiat currency. It supports and features more than crypto currencies and is traded on 6 different crypto market.
To trade with Lbank is very easy. Compare with other famous crypto currency exchange. LBank trading cost is very low. There is flat rate for both maker and taker which is very affordable, is 0.10 per trade while other exchange rates is 0.20% or 25%. This exchange platform is okay for all short of people either rich or not.
Their security level is good, it has been in existence since 2016 approximately 4 years ago, it has not record any hack or loss funds. It uses the latest security features like SSL encrypted servers, it also have two factors authentication of logins and transactions.
It treated all its users equally, the same services is available for all users. Users does not need to submit any identity information. While transacting, the user identity will not be reveal or known by another person.
Pros
- It has mobile application, users can use mobile device to trade
- It is very easy to use and navigate
- It's liquidity is highly sufficient
- It has a wide range of crypto currency assets
- It has a competitive fee
Cons
- It does not support fiat currency
- Its not a licensed exchange
- It has limited options
- It does not listed with any reputable regulatory
- Another thing that is unfair is that, on its website some information were written in Mandarin Chinese.
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Comments (2)
June 01, 2020
LBank is a cryptocurrency exchange with it Services Centers based in China. The exchange allows the exchange of BTC, ETH, NEO, QTUM and the exchange of a large number of altcoins as well. Furthermore, it supports fiat money transactions directly with the users' bank accounts in US dollars and the Chinese Yuan.
June 01, 2020
LBank is very easy to trade because of it low Trading fees, The flat rate of 0•10 per trade for both maker and taker is very affordable. The platform also offer competent, reliable and trustworthy service.
