Compare LBank vs Upbit

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On this page, you can compare LBank with Upbit. 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. Upbit was founded in 2017 in South Korea.

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.

LBank is Centralized and Upbit 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. Upbit has a mobile app available for iOS and Android.

LBank has 3 languages available, including English, Korean and Chinese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.

Company
User rating User rating 1.7 / 5 6 user reviews User rating 2.8 / 5 19 user reviews
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 3.7 / 5 Trust Score 3.73 / 5

User rating

1.7 / 5 6 user reviews 2.8 / 5 19 user reviews

Cryptogeek rating

4 / 5 4 / 5

Trust Score

How it works
3.7 / 5 3.73 / 5

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.
UpBit is based in South Korea. It was founded in 2017 by Korean developer KakaoTalk. The exchange is very user-friendly and provides a high level of security. UpBit supports the trade of about 195 cryptocurrencies, some of which are quite rare, and 330 market trading pairs.

Founding Date

2016 2017

Country

China South Korea

Type

Centralized Centralized

Languages

English, Korean, Chinese Korean, Indonesian, Malay, Thai

Mobile app

iOS, Android iOS, Android

Full address

Unit 04, 7/F, Bridght Way Tower, No.33 Mong Kok Road, Kowloon HK Seoul, South Korea (The exchange does not disclose the exact location of its office)

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
BTC Markets 0.2%
USDT Markets 0.2%
SGD Markets 0.25%

Full fee schedule:
https://sg.upbit.com/service_center/guide
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.
UpBit is based in South Korea. It was founded in 2017 by Korean developer KakaoTalk. The exchange is very user-friendly and provides a high level of security. UpBit supports the trade of about 195 cryptocurrencies, some of which are quite rare, and 330 market trading pairs.
Founding Date Founding Date 2016 Founding Date 2017
Country Country China Country South Korea
Type Type Centralized Type Centralized
Languages Languages English, Korean, Chinese Languages Korean, Indonesian, Malay, Thai
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 Seoul, South Korea (The exchange does not disclose the exact location of its office)
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 BTC Markets 0.2%
USDT Markets 0.2%
SGD Markets 0.25%

Full fee schedule:
https://sg.upbit.com/service_center/guide

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.

Upbit trading volume is 147,804,050.0. The exchange has 309 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 147804050

Pairs

110 309

Coins

96 190

Fiat trading

- -

Deposit

Free Depends on currency and volume

Fees

Percentage Percentage

Margin

- -
Volume Volume 908146825 Volume 147804050
Pairs Pairs 110 Pairs 309
Coins Coins 96 Coins 190
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit Depends on currency and volume
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

www.lbex.pro sg.upbit.com

Twitter

@LBank_Exchange @upbitglobal

Number of followers

9314 4920
Website Website www.lbex.pro Website sg.upbit.com
Twitter Twitter @LBank_Exchange Twitter @upbitglobal
Number of followers Number of followers 9314 Number of followers 4920

Rating

User rating User rating 1.7 / 5 6 user reviews User rating 2.8 / 5 19 user reviews
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

LBank user rating is 1.7, based on 6 user reviews. Upbit user rating is 2.8, based on 19 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?
Trust Score: 3.7 / 5
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Trust Score: 3.73 / 5
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On this page, you can compare LBank with Upbit. 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. Upbit was founded in 2017 in South Korea.

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.

LBank is Centralized and Upbit 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. Upbit has a mobile app available for iOS and Android.

LBank has 3 languages available, including English, Korean and Chinese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.