How to buy and sell coins on LBank exchange? Detailed steps

Beginners and experienced traders alike can seamlessly buy and sell coins on the user-friendly LBank exchange, which supports a wide range of cryptocurrencies and offers competitive trading fees.

Nov 22, 2024 at 11:52 pm

How to Buy and Sell Coins on LBank Exchange: A Comprehensive Guide

LBank, one of the leading cryptocurrency exchanges in the market, offers a user-friendly platform for buying and selling digital assets. With its extensive support for various cryptocurrencies, competitive trading fees, and advanced trading tools, LBank has attracted a substantial user base. This guide will provide you with detailed instructions on how to purchase and sell coins on the LBank exchange, catering to both novice and experienced traders.

Step 1: Create an LBank Account

• Visit the LBank official website (https://www.lbank.info/) and click on "Register" located at the top right corner of the webpage.
• Enter your email address or mobile number, set a password, and complete the CAPTCHA verification.
• Check the box to agree to the terms and conditions and privacy policy, then click on "Register."
• You will receive a verification code via email or SMS. Enter the code to complete the registration process.

Step 2: Verify Your Identity (Optional)

• While not mandatory, verifying your identity enhances account security and unlocks higher withdrawal limits.
• Click on "Profile" and then select "Identity Verification."
• Provide your legal name, nationality, and other required personal information, ensuring accuracy.
• Upload clear copies of your identification documents, such as a passport or ID card.
• LBank will review and verify your information within a few days.

Step 3: Fund Your LBank Account

• There are two primary methods for depositing funds into your LBank account: cryptocurrency and fiat currency.
• Cryptocurrency Deposits: Select "Deposit" from the "Assets" menu. Choose the cryptocurrency you wish to deposit, generate the deposit address, and transfer the funds from your external crypto wallet.
• Fiat Currency Deposits: Click on "Fiat Deposit" under "Assets." Select the desired fiat currency (e.g., USD, EUR), choose your preferred payment method (e.g., bank transfer, credit card), and follow the instructions provided.

Step 4: Buy Coins on LBank

• Spot Trading: Navigate to the "Spot Trading" section and select the trading pair (e.g., BTC/USDT) you want to trade. Enter the amount of the base asset (e.g., BTC) you wish to purchase and click on "Buy."
• Convert on Swap: Use the "Convert on Swap" option to instantly convert one cryptocurrency to another. Select the desired trading pair, enter the amount of the source cryptocurrency you want to exchange, and click on "Convert."

Step 5: Sell Coins on LBank

• Spot Trading: Visit the "Spot Trading" page and select the trading pair (e.g., BTC/USDT) you want to trade. Enter the amount of the base asset (e.g., BTC) you wish to sell and click on "Sell."
• Convert on Swap: Use the "Convert on Swap" feature to convert a cryptocurrency back to fiat currency or another cryptocurrency. Select the trading pair, enter the amount you want to sell, and click on "Convert."

Step 6: Withdraw Funds from LBank

• Cryptocurrency Withdrawals: Navigate to the "Withdraw" page under "Assets," choose the cryptocurrency you want to withdraw, and enter the withdrawal address. Enter the amount and transaction password, then click on "Withdraw."
• Fiat Currency Withdrawals: Select "Fiat Withdraw" under "Assets," choose your preferred fiat currency, input the withdrawal amount and recipient details, and click on "Withdraw."

Additional Notes:

• Trading Fees: LBank charges competitive trading fees based on the trading volume and VIP level of the user. Spot trading fees range from 0.1% to 0.2%, while Convert on Swap fees are typically around 0.1%.
• Security Measures: LBank employs industry-leading security measures to protect user funds, including two-factor authentication (2FA), SSL encryption, and cold storage for crypto assets.
• Customer Support: LBank provides 24/7 customer support via live chat, email, and social media channels. They are responsive and assist users with account issues, trading queries, and technical support.