How to Register and Trade on LBank: Complete 7-Step Guide

Introduction

Users regard LBank as one of the earliest crypto-financial trading platforms, especially in countries experiencing rapid new development. The service carries a diverse variety of so-called altcoins and has lower fees than many other accounts, factors that attract first-time users.

 

If you are contemplating how to create an account with LBank and begin your trading journey, this guide will provide you a step by step guide from registration to your first cryptocurrency purchase.

 

How to get started: visit LBank 

Step1: Visit the LBank website: https://www.lbank.com.

⚠️ Tip: Always double-check the URL to avoid phishing sites. Bookmark it for future use.

Step 2: Register a new account

• In the top right corner click the “Sign Up” button.
• Choose: Registration by email or mobile number. Choose one of these as your registration method.
• Fill out your information and create a strong password. Press “I have read and agreed to LBank Terms of Services” and press “Create Account.”
• Press the “Create Account” button. Please confirm your account by entering the code sent to your email. You can also confirm the account via the code generated by your authenticator app. 

Congratulations, you have successfully created a LBank account! 

Step 3: KYC Verification

For the purpose of increasing your withdraw limit and KYC so that we follow international laws you need to do KYC:

 

•  “Profile” > “Security Center” > “Verify Identity.”
• Please provide an official government identification document. Passport, driver’s license, national ID card.
• Upload a selfie to verify your identity.
• Wait for the approval. It takes from few minutes to 24 hours.

 

⚠️ Pro Tip: Make sure your ID is legible and matches the info you provided when you signed up.

Step 4: Secure Your Account

Improve your account security before you start trading:

 

• Turn on 2FA (Two-Factor Authentication): Go with Google Authenticator or SMS.
• Anti-Phishing Codes:...Recognize official LBank emails.
• Withdrawal Whitelist: Withdrawals are only available to pre-approved wallet addresses.

Step 5: Deposit Money in Your Account

There are two typical ways to deposit funds into your LBank wallet:

• Deposit Cryptocurrency
  • Go to “Wallet” > “Deposit.”
  • Choose the cryptocurrency that you would like to deposit (eg: USDT, BTC, ETH)
  • Copy the deposit address and send money from your external wallet or from another exchange.
• Buy Crypto with Fiat
  • Navigate to “Buy Crypto.”
  • Opt for your local payment methods with (bank transfer, card and 3rd party providers).
  • Partially or fully collateralize your account by completing the transaction with stablecoins or widely used cryptos.

Step 6: Make your first trade.

Now that you have money in your account, you’re ready to place your first trade:

• Then click “Markets” up on the top navigation bar.
• Click a trading pair (BTC/USDT, ETH/USDT, etc.).
• Go to the trade interface and search for the feature Spot trading.

Choose an order type:

• Market Order: You can immediately Buy/Sell at the current market price.
• Limit Order: Decide the price you want to get in or out at, and sit and wait to get filled!.

 

Enter the volume of crypto you want to buy/sell.

And it’s a wrap — you just completed your first trade at LBank!

Step 7: Check your portfolio 

That’s how quickly things can get away from you, and you certainly don’t want that.

Track your balance with “Assets“ tab.

• View history of open and closed positions for trades.
• Deposit to LBank Earn(staking or savings) and make more money.

Pro Tips for Beginners

• Begin with small amounts: If you want to assume less risk, trade in smaller amounts.
• Master technical indicators: Trading tools like moving averages and RSI can come to your aid.
• Stay safe: Don’t reveal your money sign-in password or the 2FA codes to anyone.
• Diversify: You don’t want to put all your money in one coin — mix it up.

Conclusion

It is also straight forward to register and start trading as well on the lBank exchange. With this step-by-step guide, you can sign up, protect your account, add some money to your wallet and trade your favorite cryptocurrencies in no time.

 

LBank is particularly attractive to users who need early value tokens, global community, and new markets. You can safely experience LBank digital asset exchange and risk precautions.

 

This article is contributed by an external writer: Donald Benedict. 

 
Disclaimer: The content created by LBank Creators represents their personal perspectives. LBank does not endorse any content on this page. Readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.