LBank is a cryptocurrency exchange with global reach, offering cryptocurrency as well as cryptocurrency trading pairs. The exchange was founded in 2016 with the goal of providing users from around the globe with professional cryptocurrency asset management solutions. The exchange is owned and operated by a Chinese company known as Superchains Network Technology Co. Ltd.
LBank has based its HQ out of Hong Kong to avoid Chinas harsh cryptocurrency laws. The exchange accepts clients from all around the world and offers their services in both English and Mandarin Chinese.
Since the LBank exchange is based out of Hong Kong, they do not fall under any reputable regulatory authorities and are not a licensed exchange.
Like many other cryptocurrency exchanges, LBank features their very own proprietary web-based trading platform. The exchange platform is very nice and simple with an intuitively designed interface that is easy to use and understand. Also, the platform incorporates some advanced tools and features such as the following technical analysis indicators; MACD, KDJ, RSI, CCI.
The costs of trading at LBank are relatively low, especially in comparison with other leading cryptocurrency exchanges. Both the maker and taker fees are grouped together in a flat fee of 0.10% per trade. As for deposits and withdrawals, deposits are free from any fees, but withdrawals incur a fee which varies from crypto to crypto. This withdrawal fee is not stated on the websites fee page but is said to be rather low from user reviews.
LBank’s support is rather limited for English speaking users as their website does not support the English language on the FAQ page or contact us page. Also, when contacting support in English, the response by a representative is slow and in very simple and broken English.
LBank is an interesting cryptocurrency exchange that’s growing and gaining the interest of many clients in the Asian markets. They offer very competitive fees and a wide variety of cryptocurrencies and markets to trade in. However, the exchange is not well suited for English speaking traders as support is very limited. If support is not important for you, then LBank might be a good option. Their exchange platform is nice and easy to use and still offers some advanced tools and features.
Protecting Your Cryptocurrency And Staying Safe on Lbank
Cryptocurrency and the blockchain stand to be a major driving factor in the technology of the future. However this popularity has attracted an element of cybercrime. There are several tools internet users should use to increase their online protection. One of these tools is SaferNet.
SaferNet is the perfect solution to the cybersecurity issues that individuals, families, and businesses face today. It not only connects every device using a secure, 24/7 always on, military grade VPN, but it also stops outside cyberthreats, malware and viruses as well. On SaferNet, all users are protected anywhere in the world, all the time, on any cellular or Wi-Fi network. In addition to SaferNet’s VPN and cyber protection, it also offers a range of employee or parental/family internet controls including internet filtering, monitoring, scheduling, and blocking access to websites or even entire website categories
Typically, a user would need 3 separate services for a VPN, Malware Protection, and Internet Controls; SaferNet offers all 3 features in one service. SaferNet truly is an endpoint security presence that can be implemented in minutes around the world, on phones, laptops, tablets, and computers at an economical price point that caters to all internet users. SaferNet guarantees a smooth setup and installation process that takes only minutes, and an easily accessible control hub for you to monitor all your employee’s or family members devices; including activity, time spent online, and threats blocked.