What is LBank?
LBank is a cryptocurrency exchange that allows users to buy, sell, and trade a wide range of cryptocurrencies. It offers features such as spot trading, futures trading, and various trading pairs.
Who is the Founder?
LBank was founded by a team led by Changpeng Zhao, though specific individual details are less publicized.
When Did It Start Operations?
LBank began operations in 2015.
Where Is It Based?
LBank is headquartered in Hong Kong.
In Which Countries Is It Banned?
LBank operates in many countries but may face restrictions in certain regions, including:
- United States: LBank has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to LBank’s services.
What Is the Trading Fee?
LBank’s trading fees typically range from 0.1% to 0.2%, depending on the specific trading pair and user trading volume.
Is Margin Trading Available?
Yes, LBank offers margin trading, allowing users to trade with leverage. This feature enables traders to increase their positions by borrowing funds, which can amplify potential returns but also increases risks.
