Entering referral code 4WFCB during LBank registration activates a permanent 20% trading fee discount on spot and futures trading, and unlocks eligibility for up to 6,000 USDT in welcome bonuses through the LBank Bonus Center.

The code must be entered at sign-up. It cannot be applied to an existing account.

The 20% referral discount stacks with LBK Membership tier benefits — active traders with higher LBK holdings can reduce fees further on top of the referral code discount.

Bonuses are unlocked progressively through four task categories in the Bonus Center. Complete all tasks within 7 days of registration for the full package:

Newcomer Bonus — credited on account creation with referral code

Spot Trading Rewards

Futures Welcome Package

Copy Trading Bonus

Additional bonus events:

Bonus funds function as trading margin. Profits generated while trading with bonus funds are fully withdrawable. Rewards are calculated and credited within 24 hours of task completion.

LBank was founded in 2015 by Eric He and is registered in Hong Kong and the British Virgin Islands, with operational offices across multiple regions including Indonesia. It serves over 9 million users across 200+ countries and processes a daily trading volume of approximately $5 billion, placing it consistently in the top 20 exchanges by liquidity.

LBank holds regulatory licenses including a US MSB (Money Services Business) license (obtained 2020) and a Canadian MSB license (obtained 2022) — a level of compliance infrastructure rare among exchanges of similar size.

LBank's most recognized strength is its tokenized US stocks (xStocks) platform. The exchange has built the most developed retail offering for trading tokenized versions of US-listed equities as crypto assets — with over $15 billion in total xStocks volume and 45 dedicated futures pairs at up to 50x leverage. For traders who want exposure to US stocks without a brokerage account, LBank is the primary centralized exchange providing this at scale.

950+ cryptocurrencies, 1,124+ trading pairs — broad coverage with consistent early listings of DeFi, AI, Metaverse, and Layer 2 tokens. Known for early access to trending meme coins before they reach larger exchanges.

xStocks — Tokenized US Stocks — trade tokenized versions of major US equities (Apple, Tesla, Nvidia, etc.) as crypto assets, 24/7. Over $15 billion in cumulative xStocks volume. 45 xStocks futures pairs available with up to 50x leverage. No US brokerage account required.

Perpetual Futures — USDT-margined contracts with leverage up to 125x. Flat fee structure: 0.02% maker / 0.06% taker (0.016% / 0.048% with code 4WFCB).

Leveraged Tokens (3x/5x) — leveraged exposure without liquidation risk. Available in both 3x and 5x variants on supported assets — broader leverage token selection than most exchanges.

$100M Futures Protection Fund — LBank operates a dedicated protection fund that covers up to 120% refund on qualifying losses caused by system errors or abnormal market conditions. One of the more generous protection fund terms in the industry.

Copy Trading — follow verified traders across spot and futures with configurable risk limits. Bonus unlocked for completing first copy trade during the welcome period.

P2P Trading — zero commission peer-to-peer marketplace supporting 150+ fiat currencies and 200+ payment methods. One of the broadest fiat coverage options of any exchange, including local bank transfers and mobile payment methods across Africa, Asia, and Latin America.

LBank Earn — flexible and fixed staking on supported assets. Lucky HODL draw for USDT holders with airdrop prizes.

LBK Labs (Launchpad) — IEO and startup investment program. Early access to new token projects before public listing.

300,000 USDT/day no-KYC withdrawal — LBank allows daily withdrawals of up to 1 BTC without identity verification. Basic KYC (under 5 minutes) raises the limit to 100 BTC per day.

7-day bonus window — all Bonus Center tasks must be completed within 7 days of registration to claim the full 6,000 USDT package. Tasks completed after the window are not eligible. Prioritize the futures transfer and first trade tasks early.

No direct fiat deposits — LBank does not support direct bank-to-exchange deposits. Fiat entry is through the P2P marketplace or third-party payment gateways (40+ fiat currencies supported via Visa, Mastercard, Apple Pay, Google Pay). Gateway fees of 3–5% may apply for card purchases.

US stock trading restrictions — while xStocks are available globally, regulatory restrictions may limit access in certain jurisdictions. Check current xStocks availability for your country before depositing.

Not available in all regions — confirm current availability for your country at lbank.com before registering.

Can the referral code be entered after registration? No — it must be entered during the initial sign-up process.

Is KYC mandatory? No — LBank allows trading and withdrawals of up to 1 BTC per day without KYC. Basic verification (under 5 minutes) raises the daily withdrawal limit to 100 BTC and unlocks all platform features.

What are xStocks? Tokenized versions of US-listed stocks (Apple, Tesla, Nvidia, etc.) traded as crypto assets on LBank's exchange, 24/7. They track the price of the underlying stock and can be traded with leverage on LBank's futures platform. No US brokerage account or securities license is required.

What is the $100M Futures Protection Fund? A dedicated reserve that covers qualifying losses caused by system errors or abnormal market conditions — with a refund rate of up to 120%. It provides an additional layer of protection beyond standard exchange insurance.

What are Leveraged Tokens? 3x and 5x leveraged products that amplify daily price moves without liquidation risk. Available in both 3x and 5x variants — LBank offers 5x options where most exchanges cap at 3x.

Does the 20% discount stack with LBK Membership? Yes — the referral code discount and LBK tier discounts apply together for LBK holders.

Cryptocurrency trading involves significant risk of loss. Tokenized stock products may not be available in all jurisdictions. Leveraged futures can result in losses exceeding your initial margin. This article is for informational purposes only and is not financial advice.