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

Trying to choose between Bybit and Lbank 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

Bybit

Lbank

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Bybit is ideal if:

Advanced trading tools: Offers a sleek, user-friendly interface with features like conditional orders and charting tools that suit experienced traders looking for precision.
Wide asset selection: Supports a broad range of cryptocurrencies and derivatives, giving you flexibility whether you like spot trading or futures.
Strong security reputation: Prioritizes safety with industry-grade infrastructure and proactive risk management—great if security is a key concern for you.

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.

Bybit isn’t ideal if:

New traders could feel overwhelmed: The platform’s advanced derivatives and leverage tools often present a steep learning curve for users just starting out.
Limited availability in some markets: If you're located in certain jurisdictions, you may not be able to access or fully use all features due to regulatory restrictions or regional bans.
Centralized security risks remain: Despite improvements, the record-breaking hack highlights inherent vulnerabilities in centralized exchanges—so those prioritizing decentralization or peace of mind may look elsewhere.

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.

Fees & Total Costs

Spot Maker/Take

The spot market applies a tiered maker/taker structure where higher trading volumes unlock reduced fees—active traders benefit from sharper discounts as they climb VIP or Pro levels.

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.

Futures/Derivatives

Futures and perpetual contracts also use maker/taker pricing that improves with higher tiers, and include dynamic funding payments between long and short positions, which shift with market sentiment.

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.

Average Spreads on Liquid Pairs

For high-liquidity pairs like BTC/USDT and ETH/USDT, spreads remain tight and competitive, ideal for minimizing slippage on larger trades.

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.

Fiat Deposits & Withdrawals

Users can deposit or withdraw fiat through numerous local payment methods and gateways; each method displays its associated fee and processing time during the transaction—these vary by region and require identity verification.

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.

On-chain Withdrawals

Cryptocurrency withdrawals have fixed network-based fees per coin and chain, meaning the fee doesn’t scale with amount but adjusts based on current blockchain demand and congestion.

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.

Hidden Costs

Occasional indirect costs may include currency conversion charges from funding accounts denominated differently, potential inactivity penalizations over long dormant periods, and expedited identity checks for faster access, depending on account status.

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.

Real-World Cost Example: “€500 BTC

When buying BTC worth €500, expect a blended cost that includes a spot trading spread, a tier-adjusted fee, and any subsequent withdrawal fee—altogether forming a practical view of the real expense beyond just the purchase price.

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.

Crypto Offering & Trading Features

Number of Coins & Pairs

Bybit supports over 650 cryptocurrencies, offering a deep and diverse asset base; among the top-20 pairs by volume, you’ll typically find heavy hitters like BTC/USDT, ETH/USDT, SOL/USDT, and a rotating mix of high-liquidity altcoins tailored to market demand.

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.

Product Range

Bybit houses a comprehensive suite of offerings including spot, margin, perpetual and futures derivatives, options (for BTC, ETH, SOL), crypto loans, staking/Earn, P2P, copy trading, along with automated tools—such as grid bots and DCA strategies—and a Launchpad for new token projects.

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.

Liquidity

The platform consistently ranks among exchanges with high 24-hour volume, especially in BTC and ETH markets, ensuring strong book depth and tight pricing in core pairs—making it suitable for executing sizable trades with minimal slippage.

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.

Tools

Bybit equips users with an advanced framework: key order types (limit, stop, OCO), native alerts, robust charting w/ browser-based or TradingView-integrated tools, and a programmable interface via both REST API and WebSockets for full automation.

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

Geographic Restrictions by Product

Some products—particularly derivatives—are blocked in jurisdictions such as the United States, United Kingdom, Mainland China, Singapore, and Quebec, meaning access to futures and options may vary depending on your location.

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

Innovation

Bybit continues to innovate through its Launchpad/Launchpool ecosystem, and its Earn segment features flexible and locked staking options, giving you the choice between liquidity or higher yield opportunities depending on your strategy.

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.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Bybit is run by Bybit Fintech Limited, established in 2018 and headquartered in Dubai, with a separate European arm (Bybit EU GmbH) based in Vienna to serve EEA users under EU regulation.

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.

Licenses/Registration

It holds a MiCA crypto-asset service provider license issued by Austria’s FMA for EU operations, along with additional authorizations in Cyprus, Kazakhstan, Georgia, and a provisional license in Dubai, reflecting its regulatory reach across multiple regions.

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.

Custody

Bybit manages custody itself via Bybit EU as the custodian, using a mix of hot, warm, and cold omnibus wallets, segregating client funds from its own, and providing quarterly asset statements—with regular Proof of Reserves audits to bolster visibility.

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.

Insurance & Protection Funds

There is no mention of a dedicated insurance fund, but the firm emphasizes tiered offline wallet security protocols and regularly published reserves for user asset protection.

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.

Incident History

In February 2025, Bybit suffered a record $1.4 billion hack—but restored liquidity within 72 hours through support from major trading firms—additionally, it faced fines and service suspensions in regions like India, Canada, and the UK following regulatory scrutiny.

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

Risk Controls

Bybit protects accounts via mandatory 2FA, whitelist options, anti-phishing codes, support for sub-accounts, and and granular API permissions, alongside real-time behavioral monitoring and withdrawal safeguards.

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.

Transparency

The platform offers users periodic balance statements (at least once every three months), conducts public PoR audits, and operates under obligaciones de reporte for its EU entity—though there’s no public wallet viewer or explicit service-level SLA shared.

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.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Bybit supports various fiat deposit methods—including bank transfers (like SEPA), cards, and e-wallets—with available options, limits, and processing times depending on your region and selected channel, all displayed during the deposit process.

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.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Bybit enforces tiered identity verification: unverified users face very tight limits (e.g., only €1 deposits on EU platform), while completing basic or advanced KYC dramatically expands deposit/withdrawal caps and feature access.

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.

Withdrawals

Fiat withdrawals require first depositing via the intended method; supported networks and limits vary by currency and method—USD via SWIFT has VIP and tenure prerequisites, while other currencies use local routes like PIX, SEPA, or bank transfers with processing dependent on region and method.

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.

Customer Support

Bybit offers 24/7 live chat and email support across multiple languages, backed by a detailed Help Center; response times depend on issue complexity, but immediate help is usually available via real-time chat, and additional queries can be submitted through support tickets.

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.

Languages & Localization

The platform supports multiple languages, including native Spanish, shows fees in local currencies like €, and adjusts deposit/withdrawal availability to comply with regional regulations and payment infrastructure.

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.

App Quality & Stability

The Bybit mobile app provides full trading functionality on the go; while generally stable, users occasionally report crashes or performance hiccups—most issues resolve via updates or cache refreshes, and the team actively maintains and improves app reliability.

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.

Experience, Performance & Ecosystem

UX/UI

Bybit offers both Lite and Pro modes, allowing beginners to start with a simplified interface while giving experienced traders access to customizable layouts, advanced charting, and modular widgets in the Pro mode to tailor their trading environment.

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.

Performance

The platform is engineered for speed, with a high-capacity matching engine and low-latency execution, although users occasionally report slowness or brief app lag during extreme volatility—maintained performance relies on stable internet and recent app/browser versions.

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.

Education

Bybit offers a robust learning ecosystem through its “Bybit Learn” hub featuring guides, tutorials, and AI-powered strategy tools; while demo or simulator modes aren’t formally branded, the content—some available in Spanish—supports new traders across skill levels.

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.

Community

The exchange supports active engagement through its Help Center, plus official Telegram and Discord communities; it also features referral programs and periodic trading competitions to energize and expand its user base.

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.

Integrations

Bybit integrates natively with TradingView charts and provides comprehensive REST and WebSocket APIs for external bots, tax tools, and reporting systems—making it highly compatible with automated trading and portfolio management tools.

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.

Who Each One Is Best For

Bybit shines for active and professional traders who value fast execution, depth of tools, and advanced automation; more casual users or those seeking simple buy-and-hold functionality may find the feature-rich environment a bit overpowered for their needs.

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.