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

Trying to choose between Coinlist 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

Coinlist

Lbank

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Coinlist is ideal if:

Great for early-stage crypto hunters: If you're looking to participate in high-quality token launches before they hit mainstream exchanges—such as Solana or Flow—CoinList offers standout access through its vetted token sale platform.
Strong on compliance and security: With established regulations, risk controls, KYC/AML procedures, and features like two-factor authentication and cold-storage partnerships, CoinList appeals to users who value legitimacy and safety.
Designed for engaged investors: If you're into staking, DeFi lending, testnet rewards, and boosting your “Karma” score for better access, CoinList’s layered ecosystem suits committed or active crypto participants.

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.

Coinlist isn’t ideal if:

If you're seeking instant fiat deposits via cards: CoinList typically requires bank transfers and doesn’t support card or alternative fiat methods for many international users, making funding less flexible.
If you're frustrated by lengthy identity checks: The verification process can be prolonged and document-heavy, which might discourage those wanting quick, hassle-free access.
If you rely on contactless customer communication: Users occasionally report slow support responses or difficulty navigating the interface, especially via mobile or self-service channels.

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

CoinList Pro applies a volume-tiered system where maker and taker costs progressively reduce for higher 30-day trading volumes, eventually reaching near-zero for top tiers, with occasional token-based rebates in special programs.

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 remain in beta and follow similar tiered fee logic, while funding rates fluctuate with market conditions and are designed to balance the perpetual contract pricing relative to spot.

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

Spreads on major pairs are generally tight due to deep order books, though exact values vary with market volatility and time of day.

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 fund via bank wire or ACH (when supported); outgoing wires incur flat fees, while deposits usually arrive within a few business days and withdrawals are delayed due to holding requirements.

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

Crypto withdrawals incur network fees set by the blockchain (e.g. Bitcoin, Ethereum), which are dynamic and based on chain activity—not fixed by CoinList itself.

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

There are no hidden inactivity or covert conversion charges, though recovery fees and processing surcharges may apply for special cases like mistaken chain deposits or express document reviews.

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 you purchase €500 in BTC, your total cost combines the spot spread and applicable tiered trading fee, plus the blockchain’s network fee when you withdraw—keeping the model flexible rather than giving fixed numbers.

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

CoinList supports around 70 cryptocurrencies and between 72 to 80 trading pairs, focusing on high-quality tokens in its limited but curated marketplace.

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

CoinList offers spot trading, OTC access, and beta perpetual futures; it does not currently provide margin, options, crypto ETFs, grid bots, copy trading, nor automated DCA tools.

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

Exact figures aren’t publicly available, but CoinList tends to show limited 24-hour volume and modest order book depth, especially relative to major exchanges.

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

The platform supports advanced order types (e.g., stop, stop-limit, trailing, post-only), offers API/websocket access, but lacks native TradingView or built-in alert functionality.

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

Certain services—including derivatives and the launchpad—are not accessible to users in the U.S., Canada, and other restricted jurisdictions, due to regulatory and licensing constraints.

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

Innovation

CoinList shines in early access via its launchpad and incentivized testnets; for staking, it distinguishes between locked launchpad tokens and staking funds, but doesn’t emphasize flexible earn programs.

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

CoinList is operated under Amalgamated Token Services Inc., with founding roots in 2017 and primary headquarters in San Francisco; services are offered through subsidiaries including CoinList Markets LLC, registered in the U.S. as a Money Services Business and money transmitter. (Based on legal info and state filings.)

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

CoinList Markets LLC is registered in the U.S. as a money transmitter with FinCEN and several states, reflecting compliance with relevant virtual asset service provider (VASP) requirements; while lending arms like CoinList Lend are not licensed lenders. (Inferred from entity disclosures.)

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

Asset custody is managed through partnerships with leading custodians such as BitGo, Gemini Custody, Anchorage, Finoa, Copper, Coinbase Prime, and Fortress Trust—many held in insured cold storage; CoinList also introduced its own in-house custody arm (CoinList Digital Asset Services) to custody select assets. (Based on service info.)

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

Funds held with custodial partners benefit from their insurance policies covering cold storage, and CoinList imposes no wallet or custody fees, enhancing transparency and alignment with user costs.

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

CoinList settled a notable regulatory matter in 2023—an OFAC penalty over inadvertent sanction-related breaches—thus underscoring prior oversight but also willingness to remediate; there are no widely publicized hacks or fund losses reported.

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

Risk Controls

The platform mandates two-factor authentication via authenticator apps, works with vetted custodians, and enforces KYC/AML screening; it also relies on strong internal security practices, though features like whitelists, sub-accounts, and granular API permissions are not prominently offered.

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

CoinList publishes legal disclosures and maintains a public legal repository but does not appear to offer monthly Proof-of-Reserves reports, public wallet addresses, or formal SLAs—though its collaborations with regulated custodians and structured legal documentation contribute to 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.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

You can deposit via credit/debit cards, Apple Pay, or Google Pay, which typically credit instantly; bank wires (ACH, SEPA, domestic, international) are supported in eligible regions with processing times ranging from same-day (domestic) to a few business days—specific minimums and maximums aren’t publicly listed and can vary by user and region.

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)

All users must complete full identity verification—basic or advanced tiers aren’t differentiated publicly—and the process typically takes 0–3 business days for individuals, with stricter document requirements and activity restrictions until completion.

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

Limits, Timing & Networks

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

Support is available via email and help-desk tickets through the portal, with response times often within a day; there is no live chat or phone support, and the help portal serves as the central knowledge base.

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 operates primarily in English, with fees and balances displayed in USD or EUR, and regulatory disclosures aligned with local requirements in supported jurisdictions—but localized language support remains limited.

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 new CoinList mobile app (updated August 12, 2025) delivers a clean, user-friendly experience with push notifications and integrated wallets; while generally stable, occasional crashes can happen and reinstall or support tickets are recommended for resolution.

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

CoinList offers a streamlined interface where the “Pro Trading” experience is now fully integrated into the main dashboard, eliminating the need to switch platforms and smoothing the transition for both beginners and more advanced users.

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 generally delivers responsive trade execution under normal conditions, though high-demand launch events may introduce delays; rapid surges in registrations have previously led to temporary verification backlogs during bull markets.

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

CoinList does not currently provide demo or simulation tools or educational content in Spanish—its platform is largely English-focused, though users receive guidance around token launches and participation workflows.

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

CoinList fosters a tight-knit community via its official blog, Discord, and Twitter; it also runs an active referral program that rewards users for inviting others to explore token events and trading.

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

The platform lacks native TradingView embeds or third-party trading bot support, and does not offer integrated tax tracking or accounting tools at this time.

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

CoinList is best suited for proactive crypto enthusiasts looking to participate early in token launches within a compliant, streamlined environment, rather than users seeking beginner-friendly simulators or full suite trading integrations.

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.