Compare Allbit vs LBank

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On this page, you can compare Allbit with LBank. 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. Allbit was founded in 2018 in South Korea. LBank was founded in 2016 in China.

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 LBank. 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.

Allbit is Decentralized and LBank is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allbit has a mobile app available for iOS and Android. LBank has a mobile app available for iOS and Android.

Allbit has 3 languages available, including English, Spanish and Korean. LBank has 3 languages available, including English, Korean and Chinese.

Company
User rating User rating 4.3 / 5 13 user reviews User rating 1.7 / 5 6 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.0 / 5
Trust Score How it works Trust Score 4.1 / 5 Trust Score 3.7 / 5

User rating

4.3 / 5 13 user reviews 1.7 / 5 6 user reviews

Cryptogeek rating

4.0 / 5 4.0 / 5

Trust Score

How it works
4.1 / 5 3.7 / 5

About

Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
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.

Founding Date

2018 2016

Country

South Korea China

Type

Decentralized Centralized

Languages

English, Spanish, Korean English, Korean, Chinese

Mobile app

iOS, Android iOS, Android

Full address

No data Unit 04, 7/F, Bridght Way Tower, No.33 Mong Kok Road, Kowloon HK

Fees

No data 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
About
Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
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.
Founding Date Founding Date 2018 Founding Date 2016
Country Country South Korea Country China
Type Type Decentralized Type Centralized
Languages Languages English, Spanish, Korean Languages English, Korean, Chinese
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address Unit 04, 7/F, Bridght Way Tower, No.33 Mong Kok Road, Kowloon HK
Fees Fees 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

Trading

Allbit trading volume is 7,641.0. The exchange has 24 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

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.

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

7641 908146825

Pairs

24 110

Coins

19 96

Fiat trading

- -

Deposit

Free Free

Fees

Percentage Percentage

Margin

- -
Volume Volume 7641 Volume 908146825
Pairs Pairs 24 Pairs 110
Coins Coins 19 Coins 96
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit Free
Fees Fees Percentage Fees Percentage
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

allbit.com www.lbex.pro

Twitter

@allbitofficial @LBank_Exchange

Number of followers

343 9314
Website Website allbit.com Website www.lbex.pro
Twitter Twitter @allbitofficial Twitter @LBank_Exchange
Number of followers Number of followers 343 Number of followers 9314

Rating

User rating User rating 4.3 / 5 13 user reviews User rating 1.7 / 5 6 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.0 / 5

Cryptogeek summary

Allbit user rating is 4.3, based on 13 user reviews. LBank user rating is 1.7, based on 6 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?
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Trust Score: 4.1 / 5
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Trust Score: 3.7 / 5
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On this page, you can compare Allbit with LBank. 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. Allbit was founded in 2018 in South Korea. LBank was founded in 2016 in China.

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 LBank. 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.

Allbit is Decentralized and LBank is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allbit has a mobile app available for iOS and Android. LBank has a mobile app available for iOS and Android.

Allbit has 3 languages available, including English, Spanish and Korean. LBank has 3 languages available, including English, Korean and Chinese.