Compare LBank vs LocalBitcoins
On this page, you can compare LBank with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. LBank was founded in 2016 in China. LocalBitcoins was founded in 2012 in Finland.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
LBank is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LBank has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
LBank has 3 languages available, including English, Korean and Chinese.
| Company | ||
|---|---|---|
| User rating | 6 user review | 1 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 6 user review | 1 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
LBank was founded in Hong-Kong in 2016. It focuses on Asian markets and offers mostly crypto-to-crypto spot trading, but also works with fiat: not only US dollars (USD) but also Chinese Yuan (CYN). What’s more, traders can use their bank accounts directly to deposit or withdraw. There are also over 40 cryptocurrency pairs.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Founding Date
| 2016 | 2012 |
Country
| China | Finland |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | No data |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Unit 04, 7/F, Bridght Way Tower, No.33 Mong Kok Road, Kowloon HK | No data |
Fees
|
Maker fee: +0.1% Maker: Pending orders to increase market depth Taker fee: +0.1% Taker: Limit orders, market orders, stop orders and forced liquidation orders for immediate closing Full fee schedule: https://www.lbank.info/fees.html |
No data |
| About |
LBank was founded in Hong-Kong in 2016. It focuses on Asian markets and offers mostly crypto-to-crypto spot trading, but also works with fiat: not only US dollars (USD) but also Chinese Yuan (CYN). What’s more, traders can use their bank accounts directly to deposit or withdraw. There are also over 40 cryptocurrency pairs.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
|---|---|---|
| Founding Date | Founding Date 2016 | Founding Date 2012 |
| Country | Country China | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Unit 04, 7/F, Bridght Way Tower, No.33 Mong Kok Road, Kowloon HK | Full address No data |
| Fees |
Fees
Maker fee: +0.1% Maker: Pending orders to increase market depth Taker fee: +0.1% Taker: Limit orders, market orders, stop orders and forced liquidation orders for immediate closing Full fee schedule: https://www.lbank.info/fees.html |
Fees No data |
Trading
LBank trading volume is 908,146,825.0. The exchange has 110 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 908146825 | 4800000 |
Pairs
| 110 | 103 |
Coins
| 96 | 1 |
Fiat trading
| - | - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - | - |
| Volume | Volume 908146825 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 110 | Pairs 103 |
| Coins | Coins 96 | Coins 1 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees No Fees |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| www.lbex.pro | localbitcoins.com |
| @LBank_Exchange | @LocalBitcoins |
Number of followers
| 9314 | 52300 |
| Website | Website www.lbex.pro | Website localbitcoins.com |
|---|---|---|
| Twitter @LBank_Exchange | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 9314 | Number of followers 52300 |
Rating
| User rating | 6 user review | 1 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
LBank user rating is 1.7, based on 6 user reviews. LocalBitcoins user rating is 3, based on 1 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare LBank with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. LBank was founded in 2016 in China. LocalBitcoins was founded in 2012 in Finland.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
LBank is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LBank has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
LBank has 3 languages available, including English, Korean and Chinese.