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LBank Review 2026: Broad CEX With Self-Reported Safeguards

LBank is a centralized crypto exchange founded in 2015 that offers spot, futures, staking, copy trading and TradFi products. It has a broad product range, but custody is centralized and most trust claims are self-reported.

By the DappsAtlas editorial team · Updated

DappsAtlas score

7.0/10

Good

Our verdict on LBank

7.0/10

LBank suits active traders who want spot, futures, TradFi exposure, copy trading and staking on one centralized platform, including smaller altcoins and meme tokens. Its main strength is the breadth of products and the safety measures it describes. The main caveat is that its fee levels, licence scope and security claims are not independently verified, and custody sits with the exchange. Review the fee schedule and local legality first, and avoid high leverage unless you understand it.

Score breakdown

How LBank scores

Security
6.0/10
Ease of use
7.5/10
Fees
n/a
Features
8.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is LBank?

LBank is a centralized cryptocurrency exchange. Its DefiLlama description says it was founded in 2015 and holds NFA, MSB and Canada MSB licences. It offers trading, derivatives, staking, NFT and LBK Labs investment products.

The homepage shows a wide product set: spot, futures, TradFi futures on stocks and commodities, Earn, copy trading, grid trading and a Predict section. It claims 30M+ global users and a focus on altcoin and meme-token liquidity.

Security messaging includes a $100M protection fund, a 120% liquidation compensation programme for eligible users, and a four-layer security architecture. It also mentions collaboration with CertiK and SlowMist. These are the platform's own statements and the project does not include independent verification.

DefiLlama lists no token and no audits. Tracked on-chain TVL is about $9.9M across Bitcoin and Ethereum, up 18.2% over seven days.

How LBank works

LBank is a centralized exchange. Users create an account, deposit crypto or buy it through supported methods, and the exchange holds those assets and matches buy and sell orders on its own order books. Balances are internal records at LBank rather than tokens in a user's own wallet.

Beyond spot trading, it offers futures contracts, where traders take leveraged positions on price moves without owning the asset. It also offers Earn products, copy trading that mirrors other traders, and event-based prediction markets.

DefiLlama tracks the on-chain wallets it can identify, which here are on Bitcoin and Ethereum, and shows about $9.9M in TVL. That reflects only part of the assets on the platform and should not be read as total exchange holdings.

7 features

Key features

01

Spot trading

The homepage lists spot markets for Bitcoin, Ethereum, Solana, meme tokens and other assets. It promotes altcoin liquidity as a focus.

02

Futures and TradFi

Futures are offered on crypto and on TradFi assets such as US stocks, gold, silver and oil. Stock futures are shown with leverage of up to 50x.

03

Earn and staking

The Earn section and homepage promote staking for passive income, along with products described as stable returns.

04

Copy and grid trading

Copy trading and grid trading are listed as ways to follow other traders or automate strategies.

05

Prediction markets

A Predict section offers event markets, for example on a future Anthropic IPO closing market cap, with percentage odds shown.

06

Buy crypto and app

The site lists a Buy Crypto flow, LBank Pay and an iOS and Android app for deposits and trading on mobile.

07

LBank Labs and listings

The site mentions LBank Labs for investment and token projects, plus a token listing service and ICO calendar.

Pros and cons

What we like

  • Wide product range covering spot, futures, TradFi futures, staking, copy trading and grid trading
  • Lists a $100M protection fund and a 120% liquidation compensation programme for eligible users
  • States hot and cold wallet separation, multi-signature authorization and 24/7 monitoring
  • Says it works with CertiK and SlowMist on security assessments
  • Operating since 2015 according to its description, with iOS and Android apps
  • Advertises a $10,000 welcome bonus and a Fee Schedule page for transparency

Watch out for

  • Fee levels are described only as 'the lowest fees' on the homepage; actual rates are on a separate fee schedule page and are not public
  • Licences are named only as NFA, MSB and Canada MSB, with no detail on scope or the regulators behind them
  • No audits are listed on DefiLlama, and the proof of reserves is not described publicly
  • It is a centralized exchange, so users hand custody of their assets to the platform
  • The prediction markets, 50x leveraged stock futures and meme-token focus carry high risk for inexperienced traders
  • Headline claims such as 30M+ users, a $100M protection fund and 'Global Best CEX 2026' are self-reported and not independently verified

LBank fees

LBank's homepage says it offers spot and futures trading with 'the lowest fees', but the project does not publish any specific rates. That claim is marketing and is not verified here.

The footer links to a Fee Schedule page, and that is where users would find maker and taker rates, withdrawal fees and any VIP tier discounts. Check it before trading, as futures also involve funding costs and liquidation risk.

Is LBank safe?

LBank is a custodial exchange, so users rely on the company to protect their funds. It says it uses hot and cold wallet separation, data encryption, multi-signature authorization and 24/7 threat monitoring, and that it has a $100M protection fund. It also mentions working with CertiK and SlowMist. None of this is independently confirmed publicly, and DefiLlama lists no audits.

The DefiLlama description states licences of NFA, MSB and Canada MSB, without giving numbers or scope. Regulatory treatment of exchanges varies by country, so check whether LBank can lawfully serve you. Futures with up to 50x leverage, meme tokens and prediction markets can lead to rapid losses, so only trade what you can afford to lose. Prediction markets may be restricted where you live.

6 steps

How to get started with LBank

  1. 1

    Check that LBank is permitted in your country and that you meet its age and identity requirements.

  2. 2

    Sign up on the official site or app, and verify the address using the Official Verification page.

  3. 3

    Turn on available security options such as two-factor authentication.

  4. 4

    Deposit crypto or use the Buy Crypto option to purchase with other methods.

  5. 5

    Read the fee schedule and the terms of any welcome bonus before trading.

  6. 6

    Start with small spot trades before trying futures, leverage or prediction markets.

Who LBank is for

LBank is aimed at active traders and altcoin hunters who are comfortable with a custodial exchange and with higher-risk products such as leveraged futures. It is less suited to people who want to hold their own keys or who want a simple, low-risk entry point.

LBank FAQs

What is LBank?

LBank is a centralized cryptocurrency exchange. Its DefiLlama description says it was founded in 2015 and offers cryptocurrency trading, derivatives, staking, NFT and LBK Labs investment products.

What can you trade on LBank?

The homepage lists spot trading, futures, TradFi futures, copy trading, grid trading, Earn products and a Predict section. It also shows leveraged US stock futures of up to 50x.

Is LBank licensed?

The DefiLlama description says LBank holds NFA, MSB and Canada MSB licences. The project does not give licence numbers or explain what they cover, so check the details yourself and confirm whether LBank may serve your country.

Is LBank safe?

No exchange is risk-free. LBank says it uses hot and cold wallet separation, encryption, multi-signature authorization and 24/7 monitoring, and has a $100M protection fund. These are the company's own claims, and funds held on any centralized exchange carry counterparty risk.

What are LBank's fees?

Fees are not stated publicly. The homepage claims low fees and links to an API Fee Schedule page, and the fee schedule on the site is where to check current maker, taker and withdrawal costs.

Does LBank have a welcome bonus?

The homepage advertises a $10,000 welcome bonus. Terms and eligibility are not given publicly, so read the conditions before signing up.

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How we checked

Sources

  1. 1.defillama.com/protocol/lbank

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