LBank is a global cryptocurrency exchange that has been around since 2015. It offers spot trading, perpetual futures, copy trading, and a range of other products. The exchange is known for adding new tokens relatively quickly compared to some larger platforms, and for having competitive fees on futures once you're past the beginner stage.
It is often described as a "Tier 1" CEX in marketing materials (this usually refers to trading volume rankings rather than any official regulatory tier).
Main Products
Spot Trading
Hundreds of cryptocurrencies, including many smaller and newer tokens that take longer to appear on more conservative exchanges.
Futures / Perpetuals
Leveraged perpetual contracts on a wide range of coins. This is where a lot of the platform's volume and user activity lives. High risk.
Copy Trading
You can automatically mirror the trades of other users on the platform (with controls for allocation size and risk). Popular feature, mixed results depending on who you copy.
Earn / Staking Products
Various ways to earn yield on holdings, though availability and rates change with campaigns.
The Famous Deposit Match Promos
LBank (like many exchanges) runs periodic "deposit and trade" campaigns. The one people often see is something like a $100 futures deposit match with code EXTRA100. These are almost always conditional:
- You must deposit a certain amount
- You must trade a required volume of futures within a time window
- The credit is usually trading credit with turnover, time, and withdrawal restrictions rather than instant withdrawable cash
These promos can be legitimate value if you were already planning to trade futures on the platform and understand the rules. They are a terrible reason to start trading leverage for the first time.
Fees
Fees are generally competitive on futures for users who do reasonable volume. Spot fees are in the normal range for global exchanges. As always, the cheapest way to trade is usually limit orders rather than market or instant execution. Check the current fee schedule on the platform, as tiers and discounts exist.
Who LBank Actually Suits
- Experienced futures traders who want access to newer tokens and copy trading tools
- People who are comfortable with high-risk products and do their own research on new listings
- Users who treat "deposit match" promos as small conditional rebates rather than free money
It is generally not ideal for:
- Complete beginners who haven't learned basic risk management
- People who want the absolute safest, most regulated experience (LBank is global/offshore-style rather than tightly regulated in places like Australia or the US for all products)
- Anyone who gets emotionally attached to positions or chases every new listing
Australian Users Note
Australians can use LBank for spot and futures. Some features, exact bonus terms, and on-ramp options may differ from users in other regions. Always confirm current availability and any local tax/reporting obligations yourself.
FAQ
Is LBank legit?
It's a large global exchange by volume that has operated since 2015. Like all crypto platforms it carries market, operational, and counterparty risks. It is not a tightly regulated Australian or US entity for all products.
What is the $100 futures deposit match with EXTRA100?
A conditional promo. You usually need to deposit, trade a required futures volume within a time window, and the credit often has turnover/expiry/withdrawal restrictions. Read the full current terms in the promotions section.
How fast does LBank list new tokens?
Relatively fast compared to some larger platforms. This gives early access to interesting projects - and early access to a lot of low-quality or pure-hype tokens that can go to zero quickly.
Is copy trading safe?
No. You are still exposed to market risk, and the traders you copy can (and do) lose money. Size positions very small if you use it, and don't treat leaderboard returns as reliable.
What are the fees like?
Generally competitive on futures for active users. Always check the current tiered fee schedule. Limit orders are usually cheaper than market or instant execution.
Should beginners use LBank because of the deposit match promos?
Generally no. Learn spot trading and small, responsible futures size somewhere with better educational resources first. The bonus is only valuable if you were already planning to trade futures on LBank and can meet the terms without taking reckless risks.
Want the current futures promo? Use code EXTRA100 via the link - Claim the LBank offer. Only participate if you understand futures trading and the promo conditions. Terms and conditions apply.
