LakeBTC Fees
Deposit fees are dependent on the payment method.
Every trade is charged with a 0.15% ‘maker’- and a 0.2% ‘taker’-fee. Promotions and reduced fees are possible based on your individual past 30 day trade volume.
Withdraws in USD are charged with a 0.2% fee + 5 USD.
Withdraws in CNY are charged with a 0.2% fee + 10 CNY.
Services available
worldwide, except for residents of China and the United States of America.
5.5
Total Score
Shanghai based LakeBTC is operating since 2013 and focusses on the Asian market. The exchange is a Gateway Member of the International Ripple Gateway Association and offers deposits or withdrawals within a wide range of possible FIAT currencies.
Beginner Friendliness
6.5
Available Cryptocurrencies
2
PROS
- fair fees
- wide range of possible FIAT currencies available (including USD, CNY, SEK, EUR, HKD, JPY, GBP, AUD, CAD, SGD, CHF, KRW, ZAR, ARS, BRL, MXN, INR, NZD, IDR, THB, MYR, TRY, RON, VEF, NGN, KES, XAF, XOF)
- wide range of possible payment methods
- cold storage security architecture
- well designed minimalistic trading platform
CONS
- ID verification needed for transactions involving fiat currencies
- weak customer support for international users
- customer complains about site breakdowns
- small range of available cryptocurrencies
- intransparent company structure
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Jens Anderer
