LBank vs Kraken

Thousands of coins on LBank against direct fiat on Kraken. A pair of venues beats picking one.

SpreadRadar editorial · pryanik.io · · about authorship and sources

Compared by the numbers

Collected straight from the exchanges. Volume is deliberately left out: venues count it differently, and on some the top of the list is tokenised equities. The last row is our advertisement scanner’s coverage, not the venue’s full currency list, which is wider.

LBank Kraken
USDT pairs—45
Futures contracts833282
Networks for USDT——
Cheapest USDT withdrawal——
P2P currencies in our scanner89 currencies—

In short: the difference

First in the pair, LBank, is an exchange with thousands of pairs. On the market since 2015, jurisdiction: British Virgin Islands, its own LBK token.

Second in the pair, Kraken, is an exchange for real-money settlement. On the market since 2011, jurisdiction: San Francisco, USA.

What LBank gives you

The regulated venue wins on money, LBank on everything else: One of the elder Asian venues, running since 2015. Eight hundred and thirty perpetuals and a broad P2P across dozens of currencies — stronger than many of its contemporaries on both counts. There is savings, staking and its own LBK token. The exchange is known for early listings: new coins land here before the majors.

Strong sides: 830 perpetuals, a broad P2P, early listings, running since 2015.

What Kraken gives you

Against an early-listing venue, Kraken plays a different game: The oldest venue we cover, running since 2011 under US regulation. Its distinction is real money: around seven hundred dollar pairs and five hundred and forty-six euro pairs, more than anyone here. There is spot, perpetual futures with hourly funding, staking and institutional services. Kraken is how we compute the live dollar rate in our stablecoin section.

Strong sides: 546 euro pairs and around seven hundred dollar ones, age and regulation, hourly funding.

What decides it

  • Age. Kraken has run since 2011, LBank since 2015 — a gap of 4 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
  • Jurisdiction. LBank sits in British Virgin Islands, Kraken in San Francisco, USA. It shapes both the checks you pass and what the venue has to disclose.
  • Native token. LBK on LBank cuts fees and opens launches; Kraken has no such lever.
  • Strengths side by side. LBank: 830 perpetuals, a broad P2P, early listings, running since 2015; Kraken: 546 euro pairs and around seven hundred dollar ones, age and regulation, hourly funding.
  • Which job. LBank is for funding, P2P and finding fresh coins, while Kraken is for settling in real dollars and euro rather than stablecoins.
  • Worth remembering. LBank: we do not show it in cross-exchange spot arbitrage: it serves its book one pair per request. Kraken: entry-level fees run higher than neighbours — it pays off at larger volumes.

Which one fits you

LBank — for funding, P2P and finding fresh coins.

Kraken — for settling in real dollars and euro rather than stablecoins.

What people ask most

LBank: Where is P2P on LBank? At a path like /crypto/buy. It covers around fifty currencies, and the ads flow into our rates and routes sections automatically.

LBank: How do I fund an LBank account? Through the deposit section of your account: pick the coin and network and send to the address shown. Some coins have several networks, each with its own address — sending on the wrong one means losing the funds.

Kraken: What does trading on Kraken actually cost? At the entry tier, 0.80% taker and 0.40% maker, from its own fee schedule. The rate falls with thirty-day volume: reaching 0.20% taker takes a quarter of a million dollars traded in a month.

Kraken: Does Kraken have P2P? No. Fiat comes in and out by bank transfer; there is no merchant-ad marketplace.

Kraken: Why check the network before sending? Kraken does not support every network for every coin, and a deposit sent on an unsupported network is usually unrecoverable. The supported list is in its funding help pages.

Both at once

Keeping both costs less than it seems: signing up is free, and a choice of two quotes usually beats one. Fiat comes in through the regulated venue, while a small sum sits on the early-listing one for new coins: the money arrives clean and the tickers do not pass you by.

Live numbers

The figures above do not come from marketing pages: we compute them from the same market snapshots as the rest of the site. LBank and Kraken can be compared on facts rather than promises.

What the numbers say

On perpetual contracts LBank is ahead — 833 to 282. Of the pair, only LBank feeds our P2P scanner, 89 currencies.

Snapshot from 30 September 2026; on the page the figures refresh on every visit.

LBank ↗

Other comparisons and walkthroughs

Binance or KrakenThe largest crypto exchange against the oldest regulated one. These are two different ways to hold money — here is both.MEXC or LBankBoth live off coins the top three do not yet carry. A look at how they differ from each other.Kraken or WhiteBITTwo venues with genuine registration rather than an offshore address. The difference is which money they are tied to.Binance vs LBankWhere the book is deeper, new coins arrive later: Binance wins on volume, LBank on getting fresh tickers first.Bybit vs LBankLBank collects new coins, Bybit collects leverage and contracts. Different jobs, usually done on different venues.Bybit vs KrakenKraken is good at the way in and out of real money, Bybit where leverage and contracts are needed. Not an either-or.OKX vs LBankLBank wins on the breadth of the list, OKX on the services around trading. People often keep both and switch by task.OKX vs KrakenOKX is more interesting inside crypto, Kraken at the way in and out, where euro and dollar stay themselves.Trading on LBankRunning since 2015, with early listing as its signature: new coins often appear here before the large venues.Trading on KrakenOne of the oldest exchanges in the world and one of the few quoting in real bank dollars rather than a stablecoin. Here is who it suits.