LBank is an online platform that specialises in providing secure, professional and convenient digital asset exchange services for users from around the world. And in addition to exchange services, the crypto-exchange also offers a robust C2C trading service. All LBank members can trade digital assets directly using the stable domestic currency LBCN in the C2C trading section of the platform.
The trading volumes of digital coins offered on the lbank exchange are quite high, which means that LBank has a high liquidity threshold.
To date, LBank exchange reviews has had a significant growth rate. The exchange is owned and operated by China-based Superchains Network Technology Co. Ltd. As Chinese laws are quite strict on cryptocurrencies, ICOs and digital exchanges, the LBank platform has established its headquarters outside of Hong Kong and mainly serves markets in Asia and China.
The team that keeps the service running is around 300 people. The bulk are financial industry employees with IT experience from well-known companies such as Wonder and other tech networks with a wealth of experience in blockchain trading. The workforce also includes skilled technical researchers, web engineers, cryptographers, etc.
The range of services
The team’s strategic goal in lbank reviews is to create an industry-leading platform of integrated services for digital assets, enabling users from all corners of our planet to trade virtual currency securely and gain hands-on experience in crypto trading.
The service offers a variety of options to enable transfers between different cryptocurrencies:
- Exchange transactions.
- Cryptocurrency trading.
- Fiat transaction system.
It is also possible to make transactions directly from your bank account (but for now this option is only available for the Asian market).
Although the exchange accepts customers from all over the world, it only offers its services in two languages: English and Chinese.
LBank crypto is one of the few companies that supports a wide range of cryptocurrencies (more than 40 types), including common ones such as:
- Bitcoin (BTC);
- Bitcoin Cash (BCH);
- Ethereum (ETH);
- Litecoin (LTC);
- Ethereum Classic (ETC);
- Zcash (ZEC);
Some less popular coins are also supported, such as Nebulas, VeChain, Bodhi, YoYow, VeThor.
Using LBank’s services, you will pay a single fixed commission of 0.1% for all transactions (deducted from assets received) in which you will participate. It is one of the most inexpensive exchanges on the market. By comparison, the large Chinese exchange OKCoin charges 0.2% per transaction.