Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
B D Regional Crypto Exchanges

LBank

LBank

LBK Blockchain Co., Limited

Status
Private company
Legal HQ
Thailand / China
Founded
2015
Corporate site
lbank.com

LBank is operated by LBK Blockchain Co., Limited, registered in the British Virgin Islands (BVI), operating through multiple regional entities (UAB LBANK EXCHANGE in Lithuania, registered with Italy's OAM under PSV90; LBK Exchange Limited; PT LBK Teknologi Indonesia). Privately held, not exchange-listed. Funding round amount and valuation are not publicly disclosed. Note: LBank has historically been cited for inflated trading volumes / wash trading, so 24h volume figures should be treated with caution.
3.5/5 1.3/5
Taker fee 0.1%

Data verified on unchanged since the sources

Worth it if you want an exchange registered with Italy's OAM and broad coverage: over 210 countries, 131 fiat currencies and more than 800 cryptos.

Avoid it if corporate transparency is a dealbreaker: it's based in the BVI, with unclear governance and little media visibility.

Visit official website ↗

An exchange present in over 210 countries, with 131 fiat currencies, more than 800 cryptocurrencies, OAM registration in Italy, NFA in the US and 12 million users. Its BVI base, unclear governance and limited media visibility remain the weak points.

73
Transparency: Medium
73/100 · see methodology
73
Data exposure: Medium
73/100 · lower is better for sovereignty · methodology

Data & conditions

Maker / Taker fee 0.1% / 0.1%
Markets Spot + Derivatives
Max leverage 200×
Supported assets 800+
Trading pairs 1000+
24h volume $8.92B
Fiat on-ramp Yes
Deposit methods crypto, bank_transfer_sepa, sepa_instant, wire, card_visa_mastercard, p2p
Geo restrictions US, CA, CN, HK, MO, RU, BY, IR, IQ, SY, KP, CU, VE, AF, SD, SS, LY, SO, YE, LB, ML, CF, CD, BI, EG, AG, GW
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries EEA, APAC, LATAM, MENA, AFRICA · 210+ countries
Regulator FinCEN, SEC Thailand, FINTRAC
Segment B2C
MiCA / License status VASP misto OAM (Italia); NFA (USA); MSB

Strengths

  • 210+ countries; 131 fiat; 800+ crypto; OAM Italia + NFA USA; 12M users.
  • No notable sovereignty advantage documented.

Weaknesses

  • BVI; governance poco chiara; poca visibilità mediatica.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (OAM (Italia); NFA (USA); MSB): reporting to authorities and freezes on order.
  • Geographic restrictions (US, CA, CN, HK, MO, RU, BY, IR, IQ, SY, KP, CU, VE, AF, SD, SS, LY, SO, YE, LB, ML, CF, CD, BI, EG, AG, GW).

Verdict

B D ★ 3.5/5 ★ 1.3/5

The middling score balances pros and cons: LBank has enormous reach (over 210 countries, 131 fiat currencies, 800+ cryptos, 12 million users), OAM registration in Italy and NFA in the US, with 0.1% fees. But on the protection front its BVI base, unclear governance and limited media visibility weigh in, eroding trust despite the formal registrations.

On the sovereign axis LBank is the usual custodial with full KYC, so no self-custody and no privacy. Its global breadth and many registrations don't help the crypto-native — in fact the BVI base with opaque governance is exactly the kind of counterparty that those seeking trustless, self-custodial operation prefer to steer clear of.

Privacy & anonymity 30% 1.0
Fund control 20% 0.0
Censorship resistance 20% 1.5
Costs 10% 4.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

Reputation

What happened to people who used LBank, and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

History not verified

We have not yet completed the incident search for this service: no entries here does not mean no events.

Public reviews

3.2/5 25,046 reviews
  • Google Play ↗ 3.2/5 24,310 reviews

    'LBank - Buy Bitcoin & Crypto' app (com.superchain.lbankgoogle); ratingValue 3.187 and ratingCount 24,310 from structured JSON-LD (visible label rounds to '24.3K').

  • App Store ↗ 3.8/5 736 reviews

    'LBank - Buy Bitcoin & Crypto' app (id 1437346368, publisher LBANK EXCHANGE UAB), US storefront via itunes lookup.

  • Trustpilot ↗ score not published 328 reviews

    Trustpilot SUPPRESSED the score ('rating unavailable due to a breach of our guidelines') and states it removed fake reviews: no average is published by the platform, so we publish none. Displayed distribution ~81% one-star across 328 reviews.

Weighted average across 2 public review platforms (25,046 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

What are LBank's fees?

On LBank, spot fees are maker 0.1% / taker 0.1%. They drop with monthly volume and VIP tier.

Is LBank regulated in Europe?

Regulatory status of LBank: OAM (Italia); NFA (USA); MSB. Licence: VASP mixed.

Does LBank publish Proof of Reserves?

Proof of Reserves publication is not documented for LBank. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from LBank?

No, LBank is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does LBank support derivatives and futures?

LBank offers derivatives trading.

Sources

Show 7 more sources

Update history

✓ Terms unchanged since Jun 1, 2026

🔔 Notify me of changes

Alternatives to LBank

Other services worth considering

A ★ 4.3 Upbit fee 0.25% A ★ 4.1 CoinDCX fee 0.6% A ★ 4.1 Swyftx fee 0.6% A ★ 4.0 BTC Markets fee 0.85%
All LBank alternatives →
Visit official website ↗

← Back to Regional Crypto Exchanges