LBank

LBank is a centralized crypto exchange that offers spot trading in more than 800 tokens, perpetual futures, copy trading, staking and token-launch products, and, since 2026, a prediction market and a payment card. It markets itself mainly on speed of listing: its about page says new meme tokens can be listed within an hour of creation and that it has listed more than 300 meme coins. That focus means much of its order book is made up of very young, thinly traded tokens.

The company says it was founded in 2015. Its press releases carry a Singapore dateline, but the user agreement identifies the operator only as "LBK Exchange", with no company number, registered address or country. The agreement is governed by British Virgin Islands law, with disputes sent to the Dubai International Arbitration Centre. LBank does not name its executives or owners on its website, and when Japan's Financial Services Agency warned against it in June 2024, press coverage noted that the regulator could not identify an address or a representative. For how its record compares with other exchanges, see how LBank compared with other exchanges.

LBank publishes a VIP fee table. Fees fall as the VIP level rises; the page shows the tiers by icon without spelling out the volume or balance needed for each, and notes that some tokens may carry different rates for limited periods. Deposit and withdrawal fees are on a separate tab that varies by token and network.

LBank's spot fee is in the normal range for offshore exchanges. On a listing-focused venue the larger cost is often the spread: newly listed tokens with little order-book depth can trade well away from their price elsewhere, a cost that never appears in a fee table.

LBank's user agreement, last updated on 22 July 2026, lists the countries and regions from which it does not accept registrations: Afghanistan, Antigua and Barbuda, Azerbaijan, Bangladesh, Burkina Faso, Burundi, Central African Republic, Crimea, Cuba, the Democratic Republic of the Congo, Donetsk, Egypt, Guinea-Bissau, Hong Kong, Iran, Iraq, Kyrgyzstan, Lebanon, Lesotho, Libya, Luhansk, Macao, mainland China, Mali, Mauritania, North Korea, Somalia, South Sudan, Sudan, Syria, the United States, Uruguay, Yemen and Canada. It also offers no corporate accounts to entities from the US or mainland China.

The agreement requires users to complete real-name verification before conducting any digital asset transaction, so trading without KYC is not permitted under LBank's own terms. The terms do not exclude the EU or the UK, and LBank publishes no licence or registration from regulators there. For readers in the US, our overview of which exchanges Americans can use covers licensed alternatives.

LBank is custodial: it holds users' keys, and a balance on the exchange is a claim against an operator whose legal identity is not published. In February 2024 LBank announced "Merkle-tree proof-of-reserves" and listed one bitcoin and one Ethereum hot wallet address. As of October 2026 there is no proof-of-reserves page (lbank.com/proof-of-reserves redirects to the homepage), no liability total, no snapshot date and no auditor. Two disclosed hot wallets show that LBank holds some assets; they cannot show that customer balances are covered.

LBank promotes two protection schemes, and both are narrower than the names suggest. Its $100 million Futures Risk Protection Fund, announced in March 2025, pays 120% of losses only when a wick event on one of the top 100 futures pairs moves the price more than 2% from a reference price within a minute and then rebounds. It is not a fund that covers customer assets if the exchange is hacked or fails. The about page also advertises a trade loss compensation policy, without public terms on that page.

We found no reported hack of LBank. In its own Q2 2026 report, a paid press release, LBank said its risk controls intercepted more than 230 hacking attempts during the quarter. Our guide on what exchange insurance funds actually cover explains why a protection fund is not a deposit guarantee.

An LBank account is opened with an email address and password at lbank.com or in the LBank app, followed by identity verification. LBank's Official Verification page lets users check whether a website, email or social account is genuine before entering any login details.

Withdrawals are made from the account to an external address, with a per-token network fee shown in the fee schedule. The user agreement lets LBank freeze or restrict accounts and funds when it suspects a breach of its rules or a sanctions issue, and any dispute must go to arbitration in Dubai, a costly route for a retail user. Moving larger balances to a wallet you control limits that exposure.

LBank lists support by email at [email protected], with separate addresses for business ([email protected]), law enforcement ([email protected]) and press ([email protected]). Its help center has a ticket system and announcements. Official social accounts linked from lbank.com include X (@LBank_Exchange), Telegram, Discord, Facebook, LinkedIn, YouTube, Medium and Reddit. LBank staff will not ask for passwords or verification codes; any message that does should be treated as fraud.

The dates below come from LBank's own announcements and a regulator notice.

• 2015: LBank founded, by its own account.
• February 2024: announces Merkle-tree proof of reserves and discloses two hot wallet addresses.
• June 2024: Japan's Financial Services Agency issues a warning for unregistered business.
• March 2025: $100 million Futures Risk Protection Fund launched, by LBank's announcement.
• July 2026: Q2 report claims more than 25 million users and launches LBank Predict and the LBank Card; user agreement updated 22 July.