LBank
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LBank

A Look at the LBank Exchange Products, Features and Services

A Look at the LBank Exchange Products, Features and Services

LBank is one of the top crypto exchanges designed in 2015 by experts with a wealth of experience.

It has been in the crypto space for the past seven years and is known for its deep liquidity. It is referred to as a hub for early project listings before they make it to other major exchanges.

Launched in 2016, the centralised trading platform grew exponentially to become one of the world’s renowned places to buy, sell, and store Bitcoin (BTC) and other cryptocurrencies.

The exchange has licences from NFA, MSB, Canada MSB, Australian AUSTRAC and is working on obtaining new ones.

Currently, it supports over 500 trading pairs with different types of projects, which includes Metaverse, GameFi, NFT and DeFi tokens, to mention a few.

LBank also supports 149+ fiat currencies like USD, EUR, GBP, CAD, CNY, JPY, AED, AUD, KRW, INR, RUB, BRL, PLN and PHP, etc.

In a space plagued by hacks, scams, and rug pulls, the exchange has managed to retain its reputation and is one of the crypto trading platforms that has never been hacked.

LBank Cryptocurrency Exchange Overview

LBank offers its global users spread across 210+ regions in a secure, professional and convenient crypto asset exchange.

Its users can access a slew of products and services including crypto trading, derivatives, staking, currency quantification, currency interest creation, NFTs, LBank Labs investment and other services.

Users can earn through flexible and locked staking options with the highest Annual Percentage Yield (APY).

LBank has been able to keep up with the ever-evolving markets with its constant attention to the needs of its more than 7 million registered users.

According to Coinmarketcap, the trading platform is one of the top 20 exchanges by trading volume and market value, accounting for its average 1.5 billion daily trading volume.

LBank exchange has undergone significant changes, system improvements and new features in the past year.

LBank Major Features & Services

Spot Market: LBank simplifies its trading Spot market section in a way that even new traders can navigate it without seeking assistance.

Spot trading, which is one of the most popular trading preferences for traders, is categorised into Altcoins (ALT), USD, GameFi, ETF, BTC trading pairs, and ETH trading pairs sections.

No doubt, this aids every investor to decide the asset class they want to invest in with much ease. By all indications, the GameFi section seems to be the latest project crypto investors are putting a chunk of their funds into.

Grid Trading: On the LBank platform, grid trading can be easily automated, or set manually. The trading bot works 24 hours a day without missing any market information.

Anyone can fully access the grid trading bot since it requires no subscription. It is user-friendly and easy to get hands-on without the need to predict market trends.

You can get started by reading through the Grid Trading Tutorial as it is risky and can bring not only profit but also losses.

Derivatives: It offers institutional-grade crypto derivatives trading experience. It enables traders and investors to buy and sell futures and perpetual on varieties of crypto assets.

Users can diversify their portfolio with Leveraged ETF, Futures, and Options trading on the platform.

Leveraged ETF: Leveraged ETF products do not require margin, and there is no risk of being liquidated. Compared to leveraged spot trading funds, the holding rate of leveraged ETF products is lower.

The transaction fee for trading leveraged ETF products is 0.2%. A daily management fee of 0.1% is charged. However, it may be adjusted based on the market performance.

Futures Contracts: On LBank’s Futures platform, users can go long or short with leverage to reduce risk or seek profits in volatile markets.

In one-way mode, users can only hold positions in one direction under one contract. Meanwhile, in hedge mode, users can hold both long and short positions at the same time under the same contract.

Futures can be traded the whole day with no limit control on gains or losses. However, LBank does not support Futures trading in the United States, Mainland China, Syria, Cuba, Crimea, North Korea and Iran.

Options: LBank Options is an American-style option. It guarantees limited risks and unlimited returns. Traders can use a variety of call and put options to speculate on future price direction and hedge their open holdings.

LBank API Services: It provides robust APIs for users to use in their projects. They’re separated into three groups: account, trading, and market trends.

Authentication using an API key is required for the account and trading APIs, which allow you to create orders, cancel orders, query orders, and view account information.

The market data API is open to the public and contains information such as historical trading pair prices. Most of all, both RSA and HmacSHA256 signatures are supported by LBank.

Similarly, LBank offers REST and WebSocket APIs — both support market data, trading, and withdrawals. You can create an API key using this link API Key to gain access to the API.

LBank Labs: the venture arm of LBank exchange, founded in 2019 to cater to startups. It offers startups with a clear vision, strong technical aptitude and solid execution capabilities, primarily in the crypto space, capital and resources to build their projects.

LBank Labs has invested in over 100 ecological projects such as DeFi, Polkadot, NFT and Solana since 2020.

Payment Methods: Buy Cryptocurrencies With a Single Click

LBank makes it easy to buy and sell cryptocurrencies through its 100+ payment methods. With your VISA, MasterCard, Apple Pay, Google Pay, Maestro Card, or Bank transfer, your transactions on the exchange are guaranteed to be swift and in record time.

Likewise, you can choose a payment channel from the platform’s accredited merchants including; Simplex, MoonPay, Banxa, Coinfy, and Mercuryo at a competitive rate.

Overall, you can pay using a debit or credit card, a P2P payment method, a bank transfer, or by pressing the ‘Fast Trade’ button, which allows the system to match you with the best merchants and the most popular payment method based on your country and location.

Partnerships & Sponsorships

LBank has strings of partnerships to its name in a bid to push more crypto adoption across MENA, the Indian subcontinent, Africa and Europe.

The cryptocurrency exchange partnered with an Africa-based firm recently to engage in community building, education and resource sharing across Africa. This alliance birthed the ongoing hackathon dubbed, the “Crypto Accelerator Program” for developers in Kenya, Nigeria and South Africa.

Meanwhile, its partner Encryptus, serves as an advisory member as well as a liquidity provider. The trading platform also partnered with several top liquidity providers and payment gateways to ensure that it provides its users with the best rates and enough trading options.

Takeaways

  • A growing array of coins is available for trading, including BTC, ETH, AVAX, and others
  • Deep liquidity pools
  • Beginner-friendly
  • Early access to good crypto projects
  • Low transaction fees than the industry average
  • Fast deposit/withdrawal times
  • Two-factor account authentication
  • Promotional offers and discounts for traders
  • Multi-language support
  • Never been hacked since inception
  • Live chat, good customer support
  • The fast ID verification process

Start Trading Now:lbank.info

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