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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Lbank | FEATURES | Paybis |
|---|---|---|
|
The minimum trade amount on LBank is quite low, making it accessible for beginners who want to start trading without committing large amounts of money. |
Minimum Trade |
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
|
LBank charges a competitive flat fee of 0.10% for both maker and taker trades, which is attractive compared to many other exchanges that have higher fees. |
Trading and Transaction Fees |
Paybis charges fees that are somewhat higher than some of its competitors, which might deter frequent traders seeking cost efficiency. |
|
LBank supports over 500 cryptocurrencies, providing a vast array of options for traders looking to diversify their portfolios. |
Number of Cryptocurrencies |
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
|
The exchange offers a wide range of crypto-to-crypto trading pairs, enhancing trading flexibility and opportunities for users. |
Crypto-to-Crypto Trading Pairs |
Paybis has a moderate range of crypto-to-crypto trading pairs, but it lacks the depth found on platforms specifically designed for experienced traders. |
|
While LBank provides detailed information on its fees and services, the site is primarily available in Mandarin, which can be a barrier for non-Mandarin speakers. |
Website Transparency |
The Paybis website provides clear information about fees and policies, although some users might seek more detailed data on security practices and fund storage. |
|
LBank does not offer its own exchange card for customers to use for in-store purchases and receive benefits. |
Credit/Debit Card |
As Paybis focuses on simplifying the cryptocurrency trading process, it currently lacks additional financial tools like a payment card, which could enhance the versatility and everyday usability of its platform for users. |
|
LBank uses a combination of hot and cold wallet storage, with most funds held in cold storage to ensure security against hacks. |
Storage Offering |
Paybis provides secure storage options, but it doesn’t offer as many advanced features like insurance or multiple signature options as some larger platforms. |
|
LBank offers some staking options, but they are not as extensive or competitive as those available on some other major exchanges. |
Staking and Rewards |
Explanation: Limited opportunities for staking or earning rewards on Paybis may deter users looking to profit from holding cryptocurrencies. |
|
LBank provides a user-friendly mobile app and desktop platform, both of which offer comprehensive trading tools and features. |
Mobile App and Desktop |
The Paybis mobile app and desktop version are user-friendly and reliable, though they may lack some advanced trading tools found in more specialized apps. |
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Customer service is available 24/7 via email and chat, but support quality varies significantly with slower and less effective responses for English-speaking users. |
Customer Service |
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
|
LBank offers a variety of deposit and withdrawal methods, primarily in cryptocurrencies, with competitive fees. However, the absence of fiat deposit options can be a limitation. |
Deposit and Withdraw |
Deposits and withdrawals are generally straightforward and quick on Paybis, but fees associated with these processes might be higher than at other exchanges. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S