Lbank vs Bydfi: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Lbank and Bydfi This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Lbank

Bydfi

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

United Kingdom

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Lbank is ideal if:

Altcoin & Meme Enthusiast Fit: With hundreds of altcoins and a dedicated “Meme Zone,” it's ideal for traders chasing emerging tokens and meme-driven trends.
Passive Income Friendly: Offers optional staking, Launchpad & Launchpool features, plus copy-trading tools—great for users looking to earn without nonstop manual trading.
Fiat On-Ramp Simplicity: Supports instant fiat buying, P2P options, and broad fiat access via multiple gateways—making entry smooth for beginners and casual investors.

Bydfi is ideal if:

Great for automation fans – If you enjoy trading bots, copy trading, or demo accounts, BYDFi delivers robust tools to trade efficiently without constant manual oversight.
Suited to traders chasing leverage – With support for high-leverage strategies and user-friendly interfaces, it's a solid pick for aggressive traders seeking powerful instruments in an accessible format.
Ideal for global beginners and pros alike – Its intuitive design and broad feature set make it equally approachable for new users just starting and those looking for advanced trading options.

Lbank isn’t ideal if:

Support-Dependent: If you're looking for fast, multi-channel customer service, LBank may feel too limited—it mainly relies on email and live chat, with slow response times.
Beginner Unfriendly: Without demo accounts, structured tutorials, or an extensive FAQ, newbies might find it hard to get started confidently.
Skeptic by Nature: If you prefer exchanges with independent audits or top-tier regulation, LBank's lack of transparent audits and lower-tier licensing may raise red flags.

Bydfi isn’t ideal if:

No staking or lending features – If you're seeking income through asset staking or crypto loans, BYDFi currently doesn’t offer these options.
Limited fiat withdrawal support – Converting crypto into local currency outside the platform can be inconvenient or unavailable directly within BYDFi.
Advanced tools might overwhelm newcomers – Beginners may find features like high-leverage derivatives and automated bots more complex than user-friendly.

Fees & Total Costs

Spot Maker/Take

LBank charges a flat maker and taker fee of approximately 0.10% on spot trades—fixed regardless of your trading volume and without discounts linked to its native token, LBK.

BYDFi charges a flat maker and taker fee of 0.1% for all spot trades; while VIP tiers may offer reductions, there’s no native-token discount outlined as standard.

Futures/Derivatives

Futures trading on LBank involves a maker fee of around 0.02% and a taker fee of about 0.06%, though there is no specified funding rate disclosed for perpetual contracts.

Perpetual contracts carry a maker fee of 0.02% and taker fee of 0.06%, and the funding fee is exchanged every eight hours depending on market sentiment (positive or negative)—paid by longs to shorts or vice versa.

Average Spreads on Liquid Pairs

While exact numbers fluctuate moment-to-moment, spreads on highly liquid pairs like BTC/USDT and ETH/USDT tend to remain tight due to deep market liquidity and efficient order execution.

For major perpetual pairs, typical bid-ask spreads hover around 0.06%, reflecting tight pricing in high-liquidity markets.

Fiat Deposits & Withdrawals

You can deposit or withdraw fiat via diverse third-party gateways—such as cards, bank transfers, or digital wallets—where LBank itself charges no extra fees, but gateway fees usually range from 1% to 5%, with processing times depending on the provider.

Users can deposit fiat via providers like Banxa, Transak, Coinify, and Mercuryo; fees and processing speeds vary by region, with no flat rate transparency but generally fast credited times.

On-chain Withdrawals

Crypto withdrawals incur network fees determined by the blockchain (e.g. fixed small BTC fee like ~0.0001 BTC), which can rise in times of congestion—fees vary by asset and must be checked at the time of withdrawal.

Fixed vs Dynamic Network Fees

Hidden Costs

There are generally no inactivity or account maintenance fees, but costs may arise during currency conversions and expedited KYC—since certain payment gateways may tack on surcharges not directly outlined by LBank.

There’s a small fee embedded in crypto-to-crypto conversions, and while no inactivity fees are standard, express KYC or other convenience services may involve additional charges.

Real-World Cost Example: “€500 BTC

If you buy €500 worth of BTC, you’d face the ~0.10% fee on the spot trade, a minor spread embedded in the market rate, and a dynamic withdrawal fee (e.g. ~0.0001 BTC)—all combining into a modest overall cost.

Purchasing €500 of BTC would incur a spot fee (~0.1%) plus any spread embedded in the quote, and if you then withdraw on-chain, you’d pay the network-based withdrawal fee—combining all these into the total cost.

Crypto Offering & Trading Features

Number of Coins & Pairs

LBank lists over 900 cryptocurrencies across around 1,100 trading pairs, with the top 20 by volume dominated by major tokens like BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT, and UGOLD/USDT.

Offering a robust selection, BYDFi supports over 550–900 cryptocurrencies and 600–800+ trading pairs for spot markets; the top 20 by volume typically include BTC/USDT, ETH/USDT, XRP/USDT and other high-liquidity altcoin pairs.

Product Range

The platform supports a broad suite including spot, futures (perps), options, crypto ETFs, staking, crypto loans, P2P, copy trading, grid bots, and automated DCA strategies.

The platform delivers a versatile range of trading tools, including spot, perpetual derivatives (Coin-M & USDT-M), copy trading, automated bots (grid, martingale), DCA strategies, demo accounts, on-chain trading via MoonX, but currently lacks options, ETFs, staking, or lending.

Liquidity

Daily volume averages a few billion dollars (e.g. $4–5 billion), with BTC/USDT and ETH/USDT showing deep order-book liquidity and tight pricing, reflecting robust market depth.

Liquidity remains moderate compared to major exchanges—with mid-level 24-hour volume and modest order book depth for BTC/USDT and ETH/USDT—implying that traders may encounter slightly wider pricing gaps than on deeper venues.

Tools

Traders benefit from limit, market, stop-limit, and OCO orders, price alerts, advanced charting (TradingView integration built in), plus full API and WebSocket access.

BYDFi includes a comprehensive toolkit

Geographic Restrictions by Product

Derivatives and other advanced products are unavailable in certain jurisdictions, and services like futures or options may be restricted depending on local regulation.

Certain regions face limitations—derivatives or high-leverage tools may be unavailable in places like the United Kingdom or other restricted jurisdictions, reflecting regulatory constraints in those locales.

Innovation

LBank adds value through its launchpad and launchpool initiatives for new token launches, and offers both flexible and locked staking/earn options for users with varying liquidity preferences.

The platform shines with its innovative MoonX on-chain engine offering DeFi access to hundreds of thousands of token pairs, and provides flexible bot-driven strategies, yet it doesn’t currently offer launchpad/pool features or staking/earn products.

Security, Regulation & Custody

Operating Entity & Jurisdiction

LBank is operated by LBK Exchange Limited and related entities, founded around 2015/2017, with headquarters registered in the British Virgin Islands—though it maintains a significant business presence in Hong Kong or Indonesia.

BYDFi is legally operated by BYDFi Blockchain Limited, founded in April 2020, and is headquartered in Singapore; it serves a global client base under that corporate structure.

Licenses/Registration

The platform holds multiple registrations—including as a Money Services Business with FinCEN (U.S.) and FINTRAC (Canada), AUSTRAC in Australia, plus VASP registrations in Lithuania and Italy—in addition to participating in Korea’s CODE VASP Alliance.

The platform holds Money Services Business (MSB) registrations in both the United States (FinCEN) and Canada (FINTRAC), but lacks explicit VASP or MiCA licensing in Europe, though it remains active across EU states.

Custody

LBank uses cold storage for the majority of user assets, employs cryptographic proof-of-reserves mechanisms, and has partnered with Elliptic for transaction monitoring, but there’s no public percentage of assets stored offline.

BYDFi uses its own custody with deep cold storage and multi-signature wallets, and transparently publishes proof-of-reserve data showing full backing plus buffer for assets like BTC, ETH, and USDT, along with a user protection fund of 800 BTC.

Insurance & Protection Funds

There is no general user-asset insurance; the internal “Insurance Fund” only covers futures liquidation deficits, leaving users fully exposed in case of hacks or platform failure.

A protection fund equivalent to 800 BTC is maintained to safeguard users’ assets in case of emergency situations or platform distress.

Incident History

Remarkably, LBank has not experienced any verified major security breaches to date, maintaining a clean track record with no hacks reported.

There are no public records or reports of hacks, service suspensions, asset freezes, or regulatory fines associated with BYDFi to date, indicating a clean operational track record.

Risk Controls

Users benefit from strong security features like two-factor authentication, anti-phishing mechanisms, withdrawal whitelists, customizable withdrawal limits, and a dedicated Incident Response Team for rapid support.

The platform enforces multi-layered risk safeguards such as Google Authenticator–based 2FA, withdrawal whitelist, anti-phishing systems, and granular API or sub-account permissions for additional user control.

Transparency

While LBank offers proof-of-reserves and maintains regulatory registrations, it lacks regular public transparency reports, visible wallet addresses, or formal SLAs for security response times.

BYDFi publishes regular proof-of-reserve disclosures and maintains segregated user funds, though it does not appear to offer publicly visible monthly audit reports, wallet explorers, or guaranteed service-level agreements (SLAs).

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Users can fund via bank transfer, credit/debit cards, and e-wallets through various third-party providers; deposits are generally fast and fee-free on LBank’s side, though daily min/max thresholds depend on the payment partner and can take a few minutes to process in most cases.

BYDFi allows fiat deposits through credit/debit cards, e-wallets, and bank transfers via partners like Transak, Coinify, Alchemy Pay, and Mercuryo; minimums vary by method, card and e-wallet deposits are typically nearly instant, while bank transfers may take 1–3 business days.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

No KYC is required to trade, but completing verification enables higher withdrawal limits (e.g. from 0.5 BTC up to 5.5 BTC per day) and unlocks access to fiat services and special features.

BYDFi offers trading with no KYC initially, but requires KYC for fiat withdrawals and higher limits; unverified users have lower withdrawal caps, while verified accounts unlock substantially higher limits and access to promotions.

Withdrawals

Withdrawal limits rise significantly post-KYC, processing speed depends on network status, and withdrawals via ERC-20, TRC-20, BEP-20, and others follow dynamic, blockchain-determined fees visible at the time of withdrawal.

Crypto withdrawals depend on verification level and risk-controls; limits escalate from modest (e.g., ~1.5 BTC/day) for unverified users to higher tiers for verified ones, and you can withdraw via supported networks like ERC20, BEP20, TRC20, with processing subject to blockchain conditions.

Customer Support

Support is available around the clock via live chat and email, though some users report response delays; a detailed knowledge base and FAQs help address common issues.

BYDFi offers 24/7 live chat and email support, with a comprehensive FAQ and Help Center for self-service; response times are generally fast, especially via live chat, and documentation covers most common user inquiries.

Languages & Localization

The platform operates in native English with fiat values shown in multiple currencies (€, $), and while localized for global users, regulatory frameworks vary widely—some regions see limited features.

The platform provides a multilingual interface, displays balances and fees in multiple currencies (EUR, USD), and adapts to local regulations in supported countries, though full regulatory compliance varies by jurisdiction.

App Quality & Stability

LBank’s mobile app (iOS and Android) is feature-rich and generally stable, though specific metrics like crash rates aren’t publicly disclosed; the interface receives regular updates to support evolving features.

The BYDFi mobile app is regularly updated and widely reported as stable and responsive, with minimal crashes noted by users—reflecting consistent maintenance and enhancements over time.

Experience, Performance & Ecosystem

UX/UI

LBank features a clean, intuitive interface that’s easy for beginners to navigate while still offering pro-level tools; although there’s no formal “Lite” or “Pro” toggle, the design flows naturally from simple trading screens to advanced panels as needed.

Users describe BYDFi’s interface as intuitively unified—a single layout that handles both spot and futures trading seamlessly—making it accessible for beginners while offering sufficient power for advanced users, though explicit “Lite” vs. “Pro” toggles aren’t prominent.

Performance

Thanks to recent core matching engine upgrades, order execution is noticeably faster and more stable; platform downtime during extreme volatility has been minimal, and KYC processing scales reasonably well even in bull markets.

BYDFi’s robust infrastructure and low-latency design ensure fast order execution even during surges, reducing slippage and delays common in highly volatile periods.

Education

LBank provides an educational academy with glossaries and guides, though it lacks a live demo or simulator; content is improving in localization, with support pages and FAQs available in Spanish.

The exchange offers a fully functional demo trading environment and a Q&A support hub, though comprehensive educational materials or guides in Spanish are limited or not prominently featured.

Community

The platform supports active communities via Telegram and Discord, and rewards engagement through a structured referral and ambassador program that includes peer networks, campus partners, and a points-through-activity system.

BYDFi maintains active official communities across Discord, Telegram, X, and Medium, and offers referral programs that reward users for onboarding others—building engagement through a global network.

Integrations

LBank integrates native TradingView-style advanced charts and offers full REST/WebSocket APIs for external bots or tax/compliance tooling, though no built-in tax accounting features are currently advertised.

Seamless integration with TradingView enables direct charting and trade execution inside the platform; plus, BYDFi connects with third-party tax tools like CoinLedger and Divly via API or CSV exports for streamlined financial tracking.

Who Each One Is Best For

LBank is ideal for altcoin enthusiasts and active traders seeking fast execution, reward channels through referrals and gamified points, and a globally intuitive interface—while more casual users or accountants might miss simulator tools or integrated tax tracking.

BYDFi suits traders who value low-latency order execution, demo environments, community engagement, and powerful interface features—all in a unified layout—making it ideal for users transitioning from beginner to more sophisticated strategies.