Compare LBank vs Upbit
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 | 6 user review | 19 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 6 user review | 19 user review |
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.
|
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 |
| @LBank_Exchange | @upbitglobal |
Number of followers
| 9314 | 4920 |
| Website | Website www.lbex.pro | Website sg.upbit.com |
|---|---|---|
| Twitter @LBank_Exchange | Twitter @upbitglobal | |
| Number of followers | Number of followers 9314 | Number of followers 4920 |
Rating
| User rating | 6 user review | 19 user review |
|---|---|---|
| Cryptogeek rating |
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? |
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.