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LBank
Centralized crypto exchange established in 2015 listing more than 800 cryptocurrencies
3.2/ 5
Our score
Fair
What is LBank?
LBank is a centralized cryptocurrency exchange that provides spot markets, derivatives, copy trading, and custodial wallet services. Launched in 2015, the platform lists more than 800 cryptocurrencies and serves over 20 million registered users across 210 countries and territories.
Leadership and structure
LBank was co-founded by investor Allen Wei, who serves as chief executive officer, alongside co-founder Dong Zhao. Ecosystem investments are managed through its independent venture arm, LBank Labs.
Trading products and custody model
The exchange operates on a centralized custodial model where users deposit digital assets into exchange-managed wallets to execute trades. The platform supports standard spot trading pairs alongside leveraged spot margin, leveraged tokens, and perpetual futures contracts. Traders can follow strategies on a dedicated futures copy-trading portal that displays historical metrics and maximum drawdown percentages. Automated options include futures grid bots. External developers and automated trading firms connect via the LBank V2 REST and WebSocket APIs, which support HMAC-SHA256 and RSA cryptographic authentication.
Account access and global availability
LBank provides web access alongside native mobile applications for iOS and Android. Trading accounts can be funded using cryptocurrency transfers, peer-to-peer (P2P) trading and fiat purchase tools. User onboarding incorporates identity verification (KYC).
Key risks and limitations
As a centralized custodian, LBank retains direct custody of user funds, meaning depositors face direct counterparty and platform solvency risk. Derivatives and leveraged spot margin amplify potential losses during rapid market fluctuations. Low-market-cap tokens listed on the platform carry heightened liquidity and slippage risks during high volatility.
Founders
Allen WeiCo-founder and CEO
Investor
Dong ZhaoCo-founder
Best for:Traders seeking low-cap altcoinsFutures copy trading followersTraders using automated grid strategies
Pros and cons
Pros
- Over 800 listed cryptocurrencies, including niche tokens
- Futures copy trading platform tracking 1,350 or more lead strategies
- Continuous operational history since launching in 2015
- Global service coverage spanning more than 210 countries and territories
Cons
- Centralized custody exposes account balances to counterparty solvency risk
- High-leverage derivatives introduce substantial liquidation risks
- Niche low-cap token listings often experience severe price volatility and slippage
Our review
3.2/5
Fair
LBank offers broad asset coverage with spot, futures and copy trading, alongside a custodial account model.
LBank is a centralized exchange founded in 2015. The platform advertises more than 800 cryptocurrencies, spot markets, futures, copy trading, Earn products and P2P tools. It also reports more than 20 million registered users across over 210 countries and regions. Web access is supplemented by iOS and Android apps.
The exchange suits traders who want a single account for spot markets and derivatives. LBank offers futures copy trading, and copied strategies carry loss risk like manual futures positions. Its public API supports market data, spot and contract trading, order management, deposits and withdrawals. Developers can authenticate with RSA or HMAC-SHA256, and API keys without an IP address expire after 30 days.
Allen Wei is identified as co-founder and CEO, and Dong Zhao as co-founder.
Custody and transparency remain the primary trade-offs. Customer assets sit within an exchange account rather than a self-custody wallet, so withdrawals depend on the platform's controls and regional service rules. Leveraged positions add liquidation risk. LBank also promotes more than 800 tokens, which can bring thinner liquidity and larger spreads than major pairs. The site advertises low fees.
Specs
| Markets | Spot, Futures, Margin, Copy trading · unverified |
|---|---|
| Coins listed | 800 · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Security features | Risk controls, RSA API signing, HMAC-SHA256 API signing · unverified |
| Futures & perpetuals | Yes · unverified |
| Copy trading | Yes · unverified |
| P2P market | Yes · unverified |
| Earn / savings products | Yes · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Maker fee, Taker fee, Fiat deposit methods, KYC required, Accepts US customers, Proof of reserves, Licenses & registrations, Max leverage (x), User protection fund.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Spot and margin trading
Supports spot markets across 800 or more tokens, with optional spot margin and leveraged token products.
Futures copy trading
Allows users to mirror positions from over 1,350 lead traders with public drawdown and profit metrics.
Automated grid trading
Offers built-in futures grid bots to automate order execution within preset price intervals.
Developer trading API
The V2 REST and WebSocket API provides programmatic trade execution secured by HMAC-SHA256 or RSA key signatures.
P2P and fiat purchases
Enables crypto purchases using fiat tools and peer-to-peer settlement.
Mobile applications
Provides mobile trading apps on iOS and Android with order management and 24/7 multilingual support.
Inside LBank
Spot
The Spot section provides order books and markets for buying and selling listed cryptocurrencies. LBank advertises more than 800 cryptocurrencies across its platform.
Futures
Futures lets users trade derivative contracts. The exchange also provides futures trading guides and contract-trading API endpoints.
Futures Copy Trading
Futures Copy Trading lets users follow strategies from lead traders. The platform displays lead-trader performance, drawdown and assets under management.
P2P
P2P provides a marketplace for buying cryptocurrency from other participants. LBank publishes an app guide for its P2P buying process.
Spot Margin
Spot Margin provides leveraged spot trading tools. LBank's support centre includes guidance on using leverage in spot margin.
Leveraged Token
Leveraged Token provides exchange-listed tokens designed to amplify exposure to an underlying market. LBank documents leveraged-token market data through its API.
Earn
Earn contains LBank's earning products for supported assets. The exchange also promotes staking and time-limited earning campaigns.
Buy Crypto
Buy Crypto provides fiat and cryptocurrency purchase tools. LBank's support centre includes guides for its fiat and cryptocurrency trading services.
LBank screenshots
What users say about LBank
User feedback is predominantly positive. Reviews frequently praise the clean interface, responsive customer service, and the wide selection of available tokens. One user note points out that some operational procedures are cumbersome and suggests that customer support has room to improve.
Top goods
In their own words
“Nice Exchange Great overall experience! The LBank app has a clean and user-friendly interface, with smooth navigation and easy access to both spot and futures trading. It's convenient to check market trends, place trades, and manage assets.”
“Nice I've been using LBank for over a year now and the experience has been consistently excellent. The user interface is intuitiv operations run smoothly, and both deposit and withdrawals are impressively fast. Customer support is responsive and professional, always resolving issues promptly.”
“Thank you for the excellent support! I had a complex PI deposit issue involving 998.60 PI. The LBank Support Team, especially VIP Service Luna and the technical team, handled my case professionally from start to finish.”
“App bug I installed the new update of the Albank app, and even though I have an iPhone 15, the app constantly freezes and is full of bugs. I'm really disappointed with this exchange.”
“Exchange chart error Last night, in the middle of a trade I was taking, a really bad wick suddenly hit my position. Within seconds, my stop loss was completely ignored, and I got liquidated right in front of my eyes.”
“Scam ⭐☆☆☆☆ Terrible experience. Event rewards not paid and withdrawal problems make it hard to access funds. Customer support gives the same answers but no real solution.”
Based on 67 X replies, 49 App Store reviews, 1 Reddit posts and comments from the last 12 months, checked Oct 22, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used LBank? Share your experience below.
FAQ
Who founded LBank?
LBank was founded in 2015 by Allen Wei and Dong Zhao. Allen Wei is identified as co-founder and CEO, while Dong Zhao is identified as co-founder.
How many cryptocurrencies does LBank support?
LBank advertises more than 800 cryptocurrencies. The exchange offers spot and futures markets alongside copy trading and other products.
Is LBank available internationally?
LBank says it serves users in more than 210 countries and regions. Availability and product access can vary by jurisdiction.
Does LBank have a mobile app?
LBank has mobile apps for iOS and Android. The apps provide access to trading and account functions.
Is LBank a custodial exchange?
Yes, LBank provides custodial wallet infrastructure for deposits, withdrawals and asset management within exchange accounts. Its API also includes wallet operations.
Does LBank offer futures trading?
Yes, LBank offers futures trading and futures copy trading. Futures positions add liquidation risk.
Latest from LBank on X
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Check the eligible pairs in LBank’s altcoin trading campaign and compete for your share of the pool.
Check the lineup: https://t.co/eaTQfAlOLp https://t.co/GVzthkIGuc
Recent public posts from @LBank_Exchange, shown as published. Not reviewed or endorsed by CryptoReview.
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