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Your expert: Alejandro Borja
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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 | Wirex |
|---|---|---|
|
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 |
Wirex allows flexible trading amounts, making it accessible for users of all investment levels, though specific minimums depend on currency pairs. |
|
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 |
Wirex offers competitive trading fees, but its foreign exchange fees can be higher than average, which might affect those trading or using multiple currencies frequently. |
|
LBank supports over 500 cryptocurrencies, providing a vast array of options for traders looking to diversify their portfolios. |
Number of Cryptocurrencies |
Wirex supports a solid range of cryptocurrencies including major ones like Bitcoin, Ethereum, and Litecoin, making it suitable for most traders’ needs. |
|
The exchange offers a wide range of crypto-to-crypto trading pairs, enhancing trading flexibility and opportunities for users. |
Crypto-to-Crypto Trading Pairs |
There is a good selection of trading pairs available, providing users with various trading strategy options. |
|
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 Wirex website provides clear information about fees, services, and user guidelines, making it easy for users to find the information they need. |
|
LBank does not offer its own exchange card for customers to use for in-store purchases and receive benefits. |
Credit/Debit Card |
Wirex offers a Visa card that integrates with cryptocurrency accounts, allowing users to spend their cryptocurrency at any Visa-compatible point of sale. The card functionality scores highly for its convenience and integration. |
|
LBank uses a combination of hot and cold wallet storage, with most funds held in cold storage to ensure security against hacks. |
Storage Offering |
Wirex provides secure cryptocurrency wallets with cold storage options, ensuring safety for user funds, though it’s less customizable than dedicated crypto wallet services. |
|
LBank offers some staking options, but they are not as extensive or competitive as those available on some other major exchanges. |
Staking and Rewards |
Offers rewards such as Cryptoback™ rewards on card purchases, but the staking options are somewhat limited compared to dedicated staking platforms. |
|
LBank provides a user-friendly mobile app and desktop platform, both of which offer comprehensive trading tools and features. |
Mobile App and Desktop |
The Wirex app and desktop platform are user-friendly and provide a seamless experience for managing cryptocurrencies and fiat currencies. |
|
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 a known issue with reports of slow response times and unresolved issues, impacting the overall user experience. |
|
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 smooth with support for multiple fiat currencies, but sometimes can experience delays which should be noted. |
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