LBank
LBank
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.
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.
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
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.
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
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
Public reviews
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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
779 reviews
Official 'LBank - Buy Bitcoin & Crypto' app (publisher LBANK EXCHANGE UAB, app id 1437346368), exact value via iTunes lookup.
-
Trustpilot ↗
score not published
324 reviews
TrustScore NOT available: Trustpilot suppressed the lbank.com score over a guideline breach. 324 reviews total, 82% 1-star, 78 in the last 12 months. Score omitted because not published.
Weighted average across 2 public review platforms (25,089 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
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Geo restrictions · +1 Data verified on Jun 15, 2026
- chainwire.org Deposit methods Data verified on Jun 15, 2026
- hacken.io Bug bounty Data verified on Jun 15, 2026
- info-clipper.com Company type Data verified on Jun 15, 2026
Show 7 more sources
- tracxn.com Stock ticker · Stock listing · IPO date · Latest funding round · +1 Data verified on Jun 15, 2026
- trademarks.justia.com Legal name Data verified on Jun 15, 2026
- altfins.com Trading pairs · Staking & Earn · Max leverage · Past incidents · +2 Data verified on Jun 13, 2026
- chaincatcher.com Founders Data verified on Jun 13, 2026
- coinwire.com Geographic availability · Proof-of-Reserves Data verified on Jun 13, 2026
- liquidityfinder.com 24h volume · Volume data Data verified on Jun 13, 2026
- support.lbank.site OAM Italy registry Data verified on Jun 13, 2026