LBank
PhemexIn short: the difference
How LBank differs from Phemex
What LBank is: an early-listing venue. On the market since 2015, jurisdiction: British Virgin Islands, its own LBK token.
What Phemex is: an exchange with a strong futures side. On the market since 2019, jurisdiction: Samoa.
What LBank gives you
Next to a derivatives terminal, LBank answers with something 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.
Where LBank is strong
830 perpetuals, a broad P2P, early listings, running since 2015.
What Phemex gives you
Early listings are not the only argument; Phemex answers with its own: A derivatives venue founded by people from bank trading desks. A hundred and fifty spot pairs and a hundred and twenty perpetuals, each with its own funding rate. There is savings, copy trading and trading bots. The book is even and the data is served openly, which makes its prices sound to compare with other venues.
Where Phemex is strong
an even book, open data, the funding interval stated per contract.
What decides it
Fees, withdrawals and limits: where the gap shows
- Age. LBank has run since 2015, Phemex since 2019 — 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, Phemex in Samoa. It shapes both the checks you pass and what the venue has to disclose.
- Native token. LBK on LBank cuts fees and opens launches; Phemex has no such lever.
- Strengths side by side. LBank: 830 perpetuals, a broad P2P, early listings, running since 2015; Phemex: an even book, open data, the funding interval stated per contract.
- Which job. LBank is for funding, P2P and finding fresh coins, while Phemex is as an additional venue in cross-exchange routes and funding.
- Worth remembering. LBank: we do not show it in cross-exchange spot arbitrage: it serves its book one pair per request. Phemex: a narrow listing next to the Asian venues.
Which one fits you
Who LBank suits
LBank — for funding, P2P and finding fresh coins.
Who Phemex suits
Phemex — as an additional venue in cross-exchange routes and funding.
What people ask most
Questions about LBank
LBank: Where is P2P on LBank? At a URL of the form /crypto/buy. The ads are pulled into our rate and route sections automatically, with no keys and no access to your accounts.
LBank: How old is LBank? It has run since 2015 — one of the older venues we cover. Registered in the British Virgin Islands, its token is LBK.
LBank: Which networks can USDT be withdrawn on from LBank? The venue publishes no full current list. Opening USDT deposits and withdrawals on Arbitrum was announced officially; a 2024 notice suspended USDT deposits on TRON. Read the current set on the coin withdrawal page.
Questions about Phemex
Phemex: Does Phemex take part in your spot arbitrage? Yes. The venue serves its order book for every pair in one list, so comparing its prices with other venues is sound.
Phemex: What makes Phemex useful for routes? An even order book and fast fills. As a secondary venue it gives you a second price to compare against, rather than another hundred coins with empty books.
Phemex: Why is Phemex missing from the transfers section? It publishes the list of networks but not the withdrawal fees — its reference has no field for the charge at all. Showing networks without a price would be pointless.
Both at once
When it makes sense to keep accounts on both LBank and Phemex
Most people end up keeping both: one for daily trades, the other for what the first one lacks. The coin is bought where it already trades, moved across and shorted with a contract on the other — that locks the price while the transfer runs.
Live numbers
Live LBank and Phemex prices side by side
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 Phemex can be compared on facts rather than promises.
Where these numbers come from
Prices are read straight from the venues and refresh automatically. There is no averaged rate here: each exchange has its own, which is why both are shown side by side.
How often they refresh
Spot and futures every few seconds; fee tiers and withdrawal networks once a day.
What the numbers say
What differs most in the LBank and Phemex numbers
The USDT withdrawal cost is absent from open data for both LBank and Phemex. That is their disclosure choice rather than a gap in our collection: neither reference carries a fee field at all. Derivatives go to LBank: 850 perpetuals against 129. Our scanner reads P2P on LBank only — 89 currencies.
Where these numbers come from
Every value in the table is read from the venues themselves: pairs, networks, fee tiers, P2P currencies. We add no estimates of our own and spell out the fields that are missing.
When they were last updated
Snapshot from 13 November 2026; on the page the figures refresh on every visit.
