LBank has run since 2015, is registered in the British Virgin Islands, and its token is LBK. By age it is one of the elder venues in our coverage, though its turnover does not reach the top five.
It is known for listing small coins broadly — often before the large venues do. The flip side is the usual one: the smaller the coin, the thinner the book.
Fees
Spot rates are in tenths of a percent, falling with volume and with LBK holdings. As with most venues this size, the rates sit in a help section rather than a machine-readable directory, so check current figures in your account.
Futures and funding
There are over eight hundred perpetuals here, and the exchange publishes funding rates for all of them openly. LBank takes part in our funding section on equal footing.
An LBank perpetual: the header shows the funding rate and a countdown to the next accrual
P2P
LBank does have P2P, at a path like /crypto/buy. It covers around fifty currencies, and on some corridors carries noticeably more ads than other small exchanges.
LBank rates and routes flow into our P2P sections automatically, with no keys and no access to anyone’s account.
LBank P2P: ads are there, but some merchants show a zero completion rate — check it before you trade
Why LBank is absent from spot arbitrage
This is a deliberate decision and worth explaining. Comparing prices across exchanges needs the best bid and best ask — the prices a trade would actually fill at. LBank serves its book one symbol per request: covering every pair would take over a thousand calls per refresh cycle.
The alternative is the last-trade price, which the exchange does serve as a list. But a last trade is not a price you can buy at: with a wide book it can differ by a percent or more. Such "spreads" would look convincing and never fill.
So LBank is absent from spot arbitrage, and present in funding, P2P and the crypto-rally section. A missing row beats a row that lies.
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Frequently asked
Why is LBank absent from your cross-exchange spot arbitrage?
It serves its order book one symbol per request — every pair would take over a thousand calls per cycle. And the last-trade price it does serve as a list is not a price you can buy at, so spreads derived from it would be fictional.
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.
Does LBank appear in your futures sections?
Yes. It has over eight hundred perpetuals and publishes funding for all of them, so LBank takes part in our funding section on equal footing.
How old is LBank?
It has run since 2015, one of the elder venues in our coverage, registered in the British Virgin Islands with LBK as its token.
Why look at LBank when the large exchanges exist?
For early listings of small coins, which often appear here first. The trade-off is a thin book, so entering with size is risky.
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.
Why can’t I withdraw coins bought on P2P right away?
The exchange holds them for twenty-four hours after the order completes, protecting against payment reversal. The clock starts when the order closes. For arbitrage that is decisive: the spread will be gone within a day.
Why are LBank prices missing from spot arbitrage?
Because it serves its order book one symbol per request, and a spread computed from last-trade prices is not one you can fill. LBank is present in funding, P2P and the crypto-rally section.
Official sources
The exchange’s own pages — check there if our figures ever disagree with its.
