LBank Exchange Review 2025: Pros, Cons and Features

Eric Huffman

Verified by Ilija Rankovic

Last updated

October 15, 2025 06:02 EDT

21min read

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With a decade of history, the LBank exchange has grown to over 20 million users in 160+ countries worldwide. The platform has gained recognition for its derivatives and altcoin trading, offering over 1,000 spot trading pairs. In this LBank exchange review, we’ll explore the platform’s features and list its pros and cons to help you decide if LBank is the right trading platform for you.

We reviewed several aspects of the exchange, including onboarding and trading tools. We also compared fees, security, and the selection of cryptocurrencies to determine how LBank stacks up compared to its competitors.

What is LBank?

LBank is a British Virgin Islands-based centralized cryptocurrency exchange founded in 2015. The platform offers more than 1,000 crypto trading pairs, making it one of the largest altcoin platforms in the crypto space in terms of selection.

The LBank exchange offers a range of trading options, including spot trading, perpetual futures, leveraged tokens, and a growing copy trading community. The platform also offers a token launchpad, providing access to newly launched tokens and pre-sale project funding.

With a daily trading volume of up to $8.5 billion, LBank ranks among the largest trading platforms by volume. At press time, the exchange ranked 14th based on 24-hour trading volume, topping well-known platforms such as OKX.

The LBank platform was launched in 2017 by a team of IT developers led by Eric He and Allen Wei, who guided its early development. Allen Wei still serves as the company’s CEO.

LBank Exchange Overview

LBank stands out for its wide range of tokens, more than many competitors, including some of the most popular memecoins. The platform boasts more than 800 cryptocurrencies for trading and supports both spot and futures trading. The following table features a concise overview of the LBank exchange.

Is LBank Safe?

LBank claims to have had zero security incidents in its over 10-year history. This impressive track record can be attributed in part to several security measures that protect the exchange itself, many of which are common to other exchanges as well.

• Cold/Hot Wallet Segregation: LBank keeps a relatively small amount of assets in internet-connected (hot) wallets. The balance of assets held by the exchange is held in cold (offline) wallets.
• SSL Encryption: The platform secures all data, such as logins and passwords, with secure encryption, similar to a bank website.
• Bug Bounty: LBank is working proactively to secure the platform, including a recently introduced a Bug Bounty program as well as partnerships with CertiK and Elliptic centered on transaction monitoring.
• Protection Fund: LBank’s $100 million protection fund helps ensure platform stability during periods of heightened market volatility.

Following the FTX collapse in 2022, LBank committed to making Proof of Reserves PoR) available. PoR allows the verification of funds using on-chain Merkle Trees. However, a third-party audit from CER.live shows no record of a PoR in 2025. The platform scores well in several other aspects of the same audit, including penetration tests.

Several security features protect users, including two-factor authentication (2FA), anti-phishing codes for email verification, and a separate asset password required for withdrawals. The platform also supports an optional withdrawal whitelist (IP whitelisting) to prevent withdrawals initiated by unapproved IP addresses.

Regulatory Status

LBank does not have regulatory licenses in the US or the UK that would permit the platform to operate in full compliance. Accordingly, LBank is not available for US traders per the platform’s terms of service and operational policies which adhere to strict global regulatory standards. LBank has secured several registrations in other jurisdictions.

• United States (FinCEN): Although LBank is registered with FinCEN (Registration Number 31000218200614) as a money services business (MSB), the lack of state-level MSB licenses and the fact that the platform offers derivatives trading prevent LBank from supporting US traders.
• Australia (AUSTRAC): Registered as a Digital Currency Exchange (DCE) provider.
• Canada (MSB): Holds a Money Services Business (MSB) registration.
• Italy (OAM): Holds a registration with the Organismo degli Agenti e dei Mediatori (OAM), which is the registry for Virtual Asset Service Providers (VASPs) operating in Italy.

LBank Supported Coins and Trading Pairs

LBank’s standout feature centers on its expanded selection of altcoins. While many leading platforms support fewer than 400 cryptocurrencies, LBank doubles this number to over 800, with more than 1,000 spot trading pairs. However, much of the trading volume focuses on BTC and ETH, with these two assets accounting for approximately 40% of the spot trading volume on LBank.

Aside from BTC and ETH, other spot trading assets include XRP, SOL, DOGE, BNB, and SUI, some of which aren’t available on competing platforms like Coinbase. LBank’s extensive selection of altcoins and memecoins includes ENA, PEPE, ETHFI, PENGU, WIF, and hundreds of other cryptocurrencies.

The platform also offers perpetual futures trading, with more than 600 pairs supported for futures and up to 125x leverage available. A small, but well-chosen, selection of leading coins are also available as leveraged tokens, giving easy access to 3x leverage without the risk of liquidation seen with futures trading.

With many features that parallel those found on other platforms, LBank’s strength lies in its unique combination of assets and trading features, including copy trading and leveraged tokens, which are not commonly found elsewhere. We’ll discuss those features and more in the next part of our LBank exchange review.

LBank Trading and Investing Features

Despite simplifying the platform by removing options trading, LBank still offers a competitive suite of diverse trading options and tools, including spot trading, futures, and several additional features centered on yield products and new token launches. Let’s examine each key offering in more detail.

Spot and Margin Trading

Spot trading offers the widest selection of cryptocurrencies with over 1,000 trading pairs. However, instant buy supports a smaller selection of crypto assets (USDC, USDT, ETH, BTC), which you can then trade for hundreds of other assets on the advanced trading platform.

LBank also offers margin trading on several popular cryptocurrencies, including BTC, ETH, SOL, SUI, XRP, and DOGE. Unlike other platforms that support up to 5x or up to 10x margin trading, margin is fixed at 3x on LBank.

A separate offering of leveraged tokens offers 5x leverage on leading assets without the liquidation risks commonly associated with futures trading. These tokens aren’t without risk (they can lose value), but they simplify leverage for high-conviction trades and do not utilize margin to collateralize the risk. LBank’s leveraged token selection extends to dozens of assets with 3x or 5x leverage.

Advanced trading offers the order types you’d expect, such as limit orders and market orders, as well as trigger orders that remain inactive until the price triggers at a level you define. Stop-loss orders for risk management are available through LBank’s OCO (One Cancels Other) orders, which add some complexity but offer more flexibility in trade management. Futures trades support traditional stop-loss/take-profit orders.

Futures

LBank also offers perpetual futures contracts for over 600 trading pairs and leverage of up to 200x on leading assets like BTC and ETH. Other assets offer maximum leverage ranging from 20x to 75x. The platform’s perpetual contracts provide a wide selection for copy trading, which we’ll discuss in the next section.

While LBank’s futures platform offers a generous selection of altcoins, liquidity can be soft on less frequently traded assets. Simpler platforms like CoinFutures may be better suited to quick trades. For comparison, the CoinFutures platform offers a gamified futures trading platform with up to 1,000x leverage on top assets like BTC, ETH, and nine other cryptocurrencies.

A beginner-friendly interface with a $1 minimum trade makes CoinFutures more accessible than LBank and similar platforms.

Copy Trading

As one of LBank’s flagship features, Copy Trading lets you follow the moves of proven traders on the platform, utilizing futures trading to maximize gains. Sort by PnL%, Win Rate, Assets Under Management (AUM), and other criteria to find the best lead traders for your investment goals. You can also filter by pairs or fine-tune by date.

These stats become important because copy trading focuses entirely on futures trading (up to 200x), which brings additional risk. LBank’s filters allow you to choose a trader with a proven track record for the pairs you want to trade. Risk controls include the ability to define how much capital to commit to copying a trader and a max drawdown (stop loss) that helps copiers preserve trading capital if the market turns against the copy trade.

P2P Trading

LBank’s peer-to-peer (P2P) trading platform offers an easy-to-use onramp for USDC and USDT, which you can then trade for other assets on the advanced trading platform. This feature allows people to acquire crypto for trading when other deposit options aren’t available. Sellers are rated on a scale of up to 100% and recent transaction times and payment methods are detailed.

While LBank’s P2P platform offers a smaller selection of cryptocurrencies than other P2P crypto exchanges, it does provide an additional onramp for traders who can’t deposit by other means. By comparison, Binance offers ten cryptocurrencies through its P2P platform; LBank offers two stablecoins.

LBank Earn

The LBank Earn feature allows you to earn passive income with easy-to-use products.

• Flexible Savings: Earn daily compounded interest with the ability to withdraw at any time.
• Fixed Term: Earn a typically higher interest rate by locking assets for a fixed term. Staking and fixed-term yields center on Proof of Stake (PoS) coins, like SOL and ETH, or promotional altcoins.

While yields for Fixed Term offers can be impressive (up to 120% simple APR), this feature lacks a search or sort function, making it difficult to use. Flexible Savings offers a basic search.

LBank LBmeme Launch

If you’ve ever used a decentralized exchange (DEX) to trade newly launched memecoins, you already know that this segment of the crypto market can be rewarding (or risky) and it’s difficult to know which until the trade is well underway. LBank’s LBmeme Launch aims to reduce the risk commonly associated with new memecoin launches and offer fair distribution to early investors.

LBank’s LBmeme Launch combines the AMM (automated market maker) structure and transparency common to DEX trading with safety features that help ensure a fair launch for new tokens. The platform supports popular chains, such as Solana, Base, Ethereum, and BNB Smart Chain. Here are the main features of LBmeme Launch:

• Low Barrier to Creation: Currently limited to whitelisted addresses, token creators can launch new tokens with ease.
• Targets: To demonstrate viability, new token launches must reach a 24-hour fixed target amount in fundraising. Investments in projects that fail to reach their 24-hour fundraising targets are refunded to investors.
• Immediate Spot Listings: Tokens that reach their goals are immediately listed on spot trading markets on LBank (Meme Land).

LBank Bonus Center

The LBank Bonus Center serves as a hub for promotions and rewards. These rewards focus on new user bonuses, including incentives for completing specific tasks, as well as ongoing events. For example, the SP500 token trading contest offers a $20,000 prize pool.

Some rewards, bonuses, and prizes focus on funding futures accounts, providing credits that can be used in futures trades (with winnings withdrawable).

LBank Edge

LBank’s Edge (stylized as LBANK EDGE) refers to a curated list of early-launch tokens that show promising potential. To find EDGE tokens, navigate to spot trading and then filter for EDGE. Top performers at press time include USELESS and LAUNCHCOIN, both of which have outperformed BTC by more than 10 times during the past 24 hours.

LBank’s EDGE tokens undergo more rigorous vetting than LBmeme Launch tokens, and this trading zone acts as a launchpad before listing in futures markets on LBank.

LBank Trading Fees

To its credit, LBank makes its fee structure easy to understand. The platform focuses on a simple flat-fee model. However, fees can vary based on the trading pair.

LBank’s fee structure for limit orders is comparable to some of the lowest fees crypto exchanges. However, many competitors offer additional fee discounts based on 30-day trading volume, and market order fees are higher than those of many competitors.

The platform does not charge a deposit fee for crypto; blockchain deposits and withdrawals are subject to network fees that vary by chain, typically based on network traffic. Purchases made through third-party providers typically add 2% to 5% to the purchase price, depending on the provider and payment method.

LBank Payment Methods

LBank relies on third-party providers with strong banking relationships for fiat-funded transactions on the platform. These include P2P providers and established third-party providers, such as Mercuryo.

Payment options vary by region and may include any of the following:

• Credit/Debit Cards
• Bank Transfers (ACH, SEPA, Wire)
• Digital Wallets (Apple Pay, Google Pay)

Fees and spreads vary depending on the provider and payment method. The payment methods we tested in our LBank exchange review averaged approximately 3.5% in fees and additional costs.

The third-party providers charge these fees with no additional fees applied by LBank.
LBank’s reliance on third-party providers parallels the experience of many small and mid-sized exchanges. The platform does not charge a crypto deposit fee, making this option the most affordable for crypto users worldwide who already own cryptocurrencies that they can transfer to the platform.

Is LBank User-Friendly?

LBank bridges the gap between beginner-friendly accessibility and advanced features targeting experienced traders. Onboarding is a straightforward experience with instant-buy options available. However, having some experience with an advanced trading platform will make the process smoother when you need to trade on spot or futures markets.

We didn’t find the platform excelled in its newbie-friendly features, and advanced traders will quickly note the absence of advanced order types, such as iceberg orders and traditional stop-loss/take-profit orders. Overall, LBank is user-friendly, but it still lacks some features that would make it a top pick for either new or advanced traders.

Navigation is generally easy, although some features, including EDGE tokens, lack basic navigational tools such as search boxes or sortable columns.

LBank offers a mobile app for iOS and Android, both of which offer full functionality for futures and earn products.

Best LBank Alternatives

Several alternatives to LBank offer distinct advantages, depending on your trading goals. Simpler platforms like CoinFutures provide an efficient way to trade futures on key assets, whereas full-featured platforms like MEXC offer a wider selection of cryptocurrencies and more powerful trading tools. Let’s explore some leading options.

Where is LBank Available?

The LBank exchange serves more than 160 countries worldwide. However, regulatory hurdles make the platform unavailable in the US, where LBank users are blocked from accessing it (with read-only support). We also didn’t find an FCA (UK) registration, which makes access from the UK tenuous, even if technically possible.

LBank Customer Support Team and User Reviews

LBank users who have questions can rely on four distinct support channels.

• Support Center: Searchable library of FAQs and How-To articles.
• Live Chat: Contact a live representative from the platform’s professional support team, available 24/7.
• Email Support: Email [email protected] for ticket-based support.
• Telegram: An English-language Telegram channel offers additional information and support.

LBank reviews on sites like Trustpilot and app stores show mixed experiences. Users on Trustpilot awarded the platform a low rating of 1.9 out of 5 stars, with several reviewers mentioning challenges with withdrawals. Low ratings on Trustpilot are common for crypto exchanges. Platforms like Kraken, MEXC, and Binance see similarly low ratings.

Play Store and App Store users were more forgiving, awarding the LBank app 3.9 out of 5 stars and 3.7 out of 5 stars, respectively.

How to Get Started With LBank

Getting started with LBank is a straightforward process. Let’s do a quick walkthrough on the setup process.

1. Sign up for an Account

Visit LBank’s website to sign up for a new LBank account. The platform allows you to use an email address, phone number, or social media login. You can also connect via MetaMask or Phantom crypto wallet.

Next, create a secure password for your account.

2. Complete KYC Identity Verification

You’ll need to verify your identity to access specific features on LBank, such as buying crypto with traditional fiat currencies.

Click on your user icon on the top left and tap on your user ID to get started. Select your country/region and the ID type. Follow the on-screen instructions to upload a copy of your government-issued ID.

3. Fund Your Account

If you already own crypto in a non-custodial wallet, look for the DEPOSIT icon on the top left for instructions to make a crypto deposit. If you need to buy crypto to fund your account, you can utilize the P2P marketplace or instant buy services on the main menu. Most pairs support USDT, making this token a good starting point for funding your account.

4. Start Trading

Select your trade type from the top menu. LBank supports spot trading, futures contracts, and leveraged tokens. Set up your trade. If everything looks right, open your position.

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Eric Huffman

Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined with a consumer advocate stance brought Eric to the crypto industry, where he writes articles and guides aimed at making crypto easier to understand.

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