LBank exchange profile

Profile of LBank: exchange information, markets and recorded details on GradeMarket.

LBank is one of the older exchanges on the market, operating since 2015, and today it is a relatively stable mid-range exchange. The spot fee is 0.1%, the futures maker fee is 0.02, and the ticker fee is 0.06%, which is considered a relatively high percentage. The exchange’s policies have been very variable, given the many changes in management during its operation, which has been annoying for exchange users.

From failing the 2018 security assessment to a better Hacken score in 2025

In 2018, security firm Hacken published an independent report on LBank, the results of which were not very encouraging: the lack of a bug bounty program, poorly configured firewalls, and incomplete security headers, for an exchange whose trading volume was also questionable at the time. But seven years later, in an updated 2025 assessment, the same Hacken reported that LBank had taken a better path to correcting these weaknesses. For example, the firewall has been strengthened and its security rating has been upgraded.

Key Features

Over a decade of operation, with no confirmed major hacks

Optional authentication for crypto-to-crypto trading

Over 800 cryptocurrencies and 1,000 trading pairs

Futures with up to 125x leverage on some pairs

Fees and Costs

LBank’s spot fee is a flat 0.1% for both maker and taker, with no complicated laddering. For futures, the maker is 0.02% and the taker is 0.06%, which is typical compared to larger competitors. The exchange previously had its own LBK token, which was deprecated for regulatory reasons and is no longer part of the fee discount mechanism.

Security and Trust

According to Hacken’s latest assessment, LBank’s security infrastructure has significantly improved since its early days, with an active bug bounty program and a BBB rating on CER.live. The exchange is also ISO/IEC 27001:2022 certified, a recognized standard for information security management. However, LBank lacks Tier-1 regulatory approval in major markets and operates on a multi-vendor basis, a model common among many mid-tier exchanges.

Support for Iranian users? Years of no, years of yes!

According to LBank’s official user agreement, Iran is on the list of countries where the exchange does not provide services, along with countries such as North Korea, Syria, Cuba, and Russia. This is a formal and explicit restriction, not a legal ambiguity. The exchange updates this list from time to time, so the situation can change, although currently according to the official rules of the exchange, it is not possible for Iranians to operate, but our field research has shown that Iranians can operate on this exchange without authentication, although this seems a little scary because if the account is at risk of being controlled, the subsequent problems will be worse. Another slightly ambiguous point is that this exchange has sometimes paid a lot of money to unreliable activists in this field for advertising, and simply attracting users under any pretext is a dangerous policy that it has adopted. It should be noted that around 2021, it was suddenly announced that it would not provide services to Iranians and some accounts were blocked on this exchange. However, since early 2025, unofficial services have resumed.

Pros and Cons

Long history and documented improvements in security infrastructure

Optional authentication for crypto trading

Wide range of cryptocurrencies and fast listing of new projects

Higher spot fee than some tier-1 competitors

No Tier-1 regulatory license in major markets

Iran officially on the list of restricted countries

Compared to competitors

LBank’s spot fee (0.1%) is on par with Binance and Bybit, but on futures, its 0.06% ticker is slightly higher than Binance’s 0.05%. What sets LBank apart is the combination of optional authentication with a long history; something that many KYC-free startup exchanges lack.

Sign up in three steps

1. Visit the official LBank website and register with your email.

2. Set a password and complete the authentication if you wish.

3. Top up your wallet and start trading spot or futures.

Frequently Asked Questions

Does LBank require authentication?

No for crypto-to-crypto trading, but yes for fiat deposits and higher withdrawal limits.

Does LBank have a history of hacking?

According to available reports, the exchange has not had any confirmed hacks that resulted in the loss of users’ funds.

Can Iranians use LBank?

According to the exchange’s official agreement, Iran is on the list of restricted countries and there is no official access, but unofficially yes.

Summary and Final Score

Security 7 out of 10,

Commissions 4 out of 10,

Persian Support 6 out of 10

Platform Speed ​​for Professional Traders 5 out of 10

Final Score 5.5 out of 10

This review is based on information as of July 2026 and the exchange's terms may have changed; check the current status on the official site before registering.