Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
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 | Flipster |
|---|---|---|
|
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 |
The minimum trade amount on Flipster is user-friendly, allowing beginners to start trading with a small 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 |
Flipster charges moderate fees, which are competitive but not the lowest in the market. |
|
LBank supports over 500 cryptocurrencies, providing a vast array of options for traders looking to diversify their portfolios. |
Number of Cryptocurrencies |
Flipster offers a wide range of cryptocurrencies, providing users with ample choices for diversification. |
|
The exchange offers a wide range of crypto-to-crypto trading pairs, enhancing trading flexibility and opportunities for users. |
Crypto-to-Crypto Trading Pairs |
The platform supports several crypto-to-crypto pairs, though the selection is not as extensive as some competitors. |
|
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 |
Flipster maintains a transparent website with clear information on fees, terms, and supported assets. |
|
LBank does not offer its own exchange card for customers to use for in-store purchases and receive benefits. |
Credit/Debit Card |
Credit and debit card support is available, but with higher fees compared to bank transfers. |
|
LBank uses a combination of hot and cold wallet storage, with most funds held in cold storage to ensure security against hacks. |
Storage Offering |
Flipster provides secure storage options with robust security measures for users’ assets. |
|
LBank offers some staking options, but they are not as extensive or competitive as those available on some other major exchanges. |
Staking and Rewards |
Staking options are available, offering moderate rewards for users who participate. |
|
LBank provides a user-friendly mobile app and desktop platform, both of which offer comprehensive trading tools and features. |
Mobile App and Desktop |
The platform offers both a mobile app and desktop version, both of which are well-designed and user-friendly. |
|
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 |
Customer service is responsive and available through multiple channels, though some users report occasional delays. |
|
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 straightforward, but fees can be higher than some other platforms. |
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.
