LBank Crypto Exchange Review

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00:00welcome back to decentralized news so in this video we are doing a quick review of

00:08lbank cryptocurrency exchange so give us a like and a subscribe truly appreciate it don't forget

00:14to check out the links in the description if you want to know more about uh different

00:20cryptocurrency exchanges d5 platforms nft marketplaces and things of that nature then

00:25you can always check out our main site decentralized dot news let's jump right into what l bank is all

00:32about so what is l bank actually l bank stands for ledger bank which is a pretty clever name

00:41it's said to be headquartered in hong kong claims to have over 4 million registered users from over 200

00:51countries and lbank dot info is the main domain for the digital asset trading platform which is

01:00actually operated um and managed by lbk blockchain call limited uh lbank does uh an average daily

01:11volume of i think a billion us dollars the platform can also be accessed on desktop on mobile on your ios

01:20and your android devices uh so let's check out some of the benefits of uh l bank okay so they do offer

01:29spot futures lending and borrowing services they also have an nft marketplace and they support fiat

01:37currencies including usd via third-party independent trading platforms for fiat currencies and cryptocurrencies

01:46including legend trading and users of l bank can also purchase uh different uh types of assets

01:56including bitcoin ethereum and you can use payment methods including credit cards debit cards apple pay

02:03google pay etc they also have a p2p marketplace and an otc service desk and uh which actually provides

02:12more flexibility in terms of our different payment methods that you can use so you can pretty much

02:19use paypal uh cheaper cash bank transfer mt and money whatsapp pay skrill apple pay all of that and

02:27they also support different uh fiat currencies including usd euro canadian dollar indian rupee

02:35south african rand the transaction go both ways for makers and takers and uh set at about 0.1 percent for

02:45uh both withdrawals uh the withdrawal fees do vary of course uh depending on the type of digital asset

02:53and the network that it uses uh and they do offer email and uh also a live chat support on the platform you

03:04also have a pretty detailed faq and uh sort of uh you can also log uh requests through their help center

03:13they are in the top 20 uh of uh global cryptocurrency exchanges by volumes alone very popular in the asia

03:21market and uh the interface is pretty friendly uh they do have uh all the uh advanced uh trading tools

03:29rsi macd cci all of that stuff uh they also you know give users access to their apis

03:38they have a referral program where you can get up to 50 commission on fees charged to uh people that you

03:45refer to uh the platform kyc is not mandatory but of course uh usually there'll be limits uh imposed if

03:54you don't kyc they also offer leveraged uh etf products and uh uh yeah so they've got quite a

04:03few offerings on that exchange if we want to just sort of look at some of the downsides of using a

04:11platform like el bank of course they don't offer um actually demo accounts which a lot of our other

04:18competitors do uh the support channels are also very limited um you know to email and so forth but

04:27also it doesn't have the best liquidity if you think about uh certain trading pairs uh if you compare

04:34them to say uh the bigger uh exchanges like okay exo wabi coolcoin bittrex etc also you know they don't

04:42really have that uh strong brand reputation that uh companies like binance and ftx do have little is

04:50known about the actual management team as well so what do you guys think is lbank a good exchange it

04:57seems to you know be one that's been functional for some time uh there haven't been any reports about

05:03hacks or anything on the platform thus far and uh yeah it seems to be okay i suppose i don't

05:12use lbank as much i do have an account but i don't really trade on that platform i've got

05:19numerous numerous trading platforms that i use but let me know if this is one that you guys use and

05:25if it's something that i should look for and why you think it is a one to recommend also check out

05:33the rest of the links in the description to my books tokenized trillions blockchain applied if you

05:39want to know more about real world asset tokenization on the blockchain and also just the different

05:45use cases of these distributed ledger technologies across different industries including retail supply

05:52chain transport uh insurance you name it so you can go check that out the links are in the description

06:00like share subscribe turn on the notification bell i'll see you guys in the next video peace

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