LBank contract operation process

LBank Contract, a digital asset exchange, provides traders with a range of crypto derivatives to meet their trading preferences.

Nov 26, 2024 at 11:34 pm

LBank Contract Operation Process

1. What is LBank Contract?

LBank Contract is a professional cryptocurrency derivatives trading platform operated by LBank, a leading global digital asset exchange. It offers a wide range of futures contracts, perpetual contracts, and options contracts to meet the needs of different traders.

2. How to Create an LBank Contract Account?

• Visit the LBank Contract website (https://contract.lbank.info/user/signup) and click on "Sign Up."
• Enter your email, create a password, and enter the referral code (if any).
• Check the Terms and Conditions and click on "Sign Up."
• You will receive a confirmation email. Click on the link in the email to activate your account.
• After activating your account, you need to complete identity verification by providing your personal information and uploading supporting documents.
• Once your account is verified, you can deposit funds and start trading.

3. How to Deposit Funds into LBank Contract?

• Log in to your LBank Contract account.
• Click on "Assets" at the top of the page and then click on "Deposit."
• Select the cryptocurrency you want to deposit and copy the deposit address.
• Send the cryptocurrency from your external wallet to the deposit address you copied.
• Once the deposit is confirmed, the funds will be credited to your LBank Contract account.

4. How to Trade Contracts on LBank Contract?

• Log in to your LBank Contract account.
• Select the contract you want to trade from the list of available contracts.
• Click on the "Trade" button to open the trading interface.
• Choose the order type, enter the quantity and price, and click on "Buy" or "Sell" to place the order.
• Once the order is filled, you can track it in the "Orders" tab.

5. How to Withdraw Funds from LBank Contract?

• Log in to your LBank Contract account.
• Click on "Assets" at the top of the page and then click on "Withdraw."
• Select the cryptocurrency you want to withdraw and enter the withdrawal address.
• Enter the amount you want to withdraw and click on "Withdraw."
• Once the withdrawal is confirmed, the funds will be sent to the withdrawal address you provided.

6. Fees on LBank Contract

• Trading Fees: LBank Contract charges trading fees based on the volume of trades executed. The trading fee for futures contracts is 0.02%, while the trading fee for perpetual contracts and options contracts is 0.03%.
• Withdrawal Fees: LBank Contract charges withdrawal fees for withdrawing cryptocurrencies. The withdrawal fee depends on the cryptocurrency being withdrawn.
• Deposit Fees: LBank Contract does not charge any deposit fees.