LBank

LBank is a centralized cryptocurrency exchange from Hong Kong. It was developed in 2015 and was considered as one of the innovative trading platforms. The exchange allows users to buy and trade cryptocurrency, conduct derivatives transactions, and participate in staking. LBank is one of the popular platforms with a billion-dollar average daily turnover and 7 million users from 210 regions.

To use the exchange, users need to create an account, registering by email, cell phone number and passing the identification (KYC). Info​rmation material from company cryptodefix.com. There are 510 coins and 940 pairs at the exchange, with which the user can interact. The minimum transaction fee at LBank is 0.1%. Users can buy digital assets for cryptocurrency as well as with Visa or Mastercard, Apple Pay and Google Pay. The exchange has an internal token LBK, it is used in stacking and sometimes developers can accrue a small reward to holders. The token works on the Ethereum network.

There are three types of orders for trading on the exchange - limit, market and stop-limit orders. The main feature of the exchange is spot trading. Here in the trading terminal can buy and sell cryptocurrencies with the help of orders. The exchange is also organized P2P exchange, where users can exchange digital assets from each other by creating requests to buy or sell. LBank users can participate in two types of derivatives trading - futures and options.

LBank specifics

• Spot trading with low fees
• 3 order types
• Wide range of currency pairs
• Buying digital assets for fiat
• Futures and options
• Internal Token staking
• Lending
• P2P trading