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    Play-to-Earn Meets iGaming: Are Metaverse Casinos the Next Big Thing?

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    Play-to-Earn Meets iGaming: Are Metaverse Casinos the Next Big Thing?


    Technology integration and advancement is the name of the game in the 21st century. We are seeing different tech being integrated in internet markets, which has led to a revolution in online entertainment. Among the most impressive ways that online gambling has changed is the integration of NFT and crypto into gambling.

    European casinos are especially noteworthy in this department. Casinofy is a website that focuses on reviewing and ranking some of the leading websites online. They’ve run a reputable business for years now, rating excellent online casinos in Europe, and beyond. Browsing their site will enlighten new fans about the integration of play-to-earn mechanics into the iGaming industry.

    Metaverse Casinos

    The play-to-earn mechanic is not necessarily tied to the Metaverse. However, the introduction of Metaverse casinos was a big boost for the NFT and crypto-gambling market. Integration of semi-virtual reality with non-fungible tokens has led to some pretty impressive changes in the gambling industry. But, there are plenty of people who might not be aware of the Metaverse, and what Metaverse casinos are.

    To put it plainly, a Metaverse casino is one where players can gamble and play their favorite games, while simultaneously interacting with fellow fans through 3D avatars. Tech like VR and AR have always been dreams that humanity has striven towards. However, in the 21st century, they are not as far off as one might think. Though the technology of virtual reality is not where many would like it to be, it is also closer to being realized than ever before.

    Classic Online Casinos vs. Metaverse Casinos

    At first, it may seem like Metaverse casinos are just a natural progression of classic online gambling. However, in truth, they are an entirely novel concept, that are shaking the traditional iGaming market right down to the core. Through virtual reality (and sometimes augmented reality), Metaverse casinos are capable of creating a level of immersion never before seen. All the while, they retain the convenience of traditional online casinos.

    It is no longer about standing in front of a computer screen, staring at the game as it goes by. The engagement levels of Metaverse casinos is far higher than one would expect. Sitting at a Metaverse blackjack table is an even more immersive experience, even than the live option that many online casinos now offer. The ultimate goal here is to enhance realism and boost social interaction, thus making the iGaming industry feel a lot more like the land-based casino markets of Las Vegas, Monte Carlo, or Macau.

    Of course, there is also a major downside of Metaverse casinos. While the engagement and immersion levels are certainly high, so is the price that the player has to pay. VR and AR are still in their early stages, and purchasing the gear necessary for a full-on immersion might cost you a pretty penny. Firstly, the tech is simply not where many would like it to be. Having said that, there are plenty of experts who believe that, with time, we are going to see the Metaverse take over iGaming.

    Play-to-Earn and Crypto Gambling

    Understanding the Metaverse is one thing, but what about the crypto gambling industry that is tied to the market? It is no secret that the advent of cryptocurrency uprooted the financial industry, and trading markets worldwide. But, what effect has it had on gambling? Believe it or not, the two markets found quite the synergy.

    Play-to-earn casinos are not uncommon in the Metaverse. But, what exactly do we mean by “play-to-earn?” The term originated in NFTs, where game developers would create games around a non-fungible token, giving players the opportunity to earn said token by playing the game, and achieving higher and higher scores. The same principle applies to Metaverse crypto-based casinos.

    In fact, most of the Metaverse casinos are built on a blockchain, meaning they function on the same principle as cryptocurrency. Indeed, digital coins are the native currency of these casinos. You will find that you can gamble using Ethereum, Bitcoin, or even some in-house tokens. The advantages are numerous, with the number one benefit being quick and secure deposits and withdrawals.

    Final Thoughts

    The Metaverse is an exciting new frontier to explore. Already, it has achieved quite a lot in the realm of entertainment. While many may not buy into the hype surrounding VR and AR right now, there are also plenty who are excited for the future.



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    The Rise of Yield-Bearing Stablecoins: Earning Passive Income

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    The Rise of Yield-Bearing Stablecoins: Earning Passive Income


    The stablecoin market showcases continuous innovation within the Web3 ecosystem. Among its most dynamic and rapidly evolving sectors is the emergence of yield-bearing stablecoins. These digital assets ingeniously combine the fundamental stability of traditional stablecoins with the attractive prospect of generating passive income for their holders. This represents a profound evolution in how users can interact with decentralized finance (DeFi) and the broader crypto economy, effectively transforming a formerly inert “digital dollar” into a productive, interest-earning asset.

    Understanding the Mechanics: How Yield-Bearing Stablecoins Generate Returns

    At their core, yield-bearing stablecoins differ from their non-yielding counterparts (like basic USDT or USDC) by actively working to generate returns. While standard stablecoins maintain a peg to fiat currencies, typically the US dollar, yield-bearing variants go a step further. They are designed to distribute accrued interest or rewards back to the token holders.

    This yield generation is achieved through a variety of sophisticated, yet increasingly accessible, mechanisms:

    DeFi Lending Protocols: This is one of the most common methods. Users deposit their stablecoins into established DeFi lending platforms such as Aave, Compound, or MakerDAO. These protocols then lend out the stablecoins to borrowers, who pay interest. A portion of this interest is then passed back to the stablecoin holders, often in the form of a specific “yield-bearing” stablecoin (e.g., aUSDC from Aave, or sDAI from MakerDAO’s Dai Savings Rate).Real-World Asset (RWA) Backing: A rapidly growing segment involves stablecoins backed by tokenized traditional assets. Foremost among these are short-term U.S. Treasury bills. By holding these interest-bearing government securities as reserves, stablecoin issuers can pass on the yield generated from these highly liquid and secure assets to their token holders. This bridges the gap between traditional finance yields and the efficiency of blockchain.Derivative Strategies: More complex and often higher-yielding protocols employ sophisticated derivative strategies. A prominent example is Ethena’s USDe, which utilizes a delta-neutral perpetual futures strategy. This involves taking a long spot position in a cryptocurrency (like Ethereum) and simultaneously shorting its corresponding perpetual futures contract to neutralize price fluctuations, while earning funding rates from the perpetual futures market.

    The Unprecedented Growth Trajectory: Key Statistics (June 2025)

    The trajectory of yield-bearing stablecoins has been nothing short of explosive, marking them as one of the standout performers in the digital asset landscape:

    Market Cap Surge: As of May 2025, the aggregated market capitalization of yield-bearing stablecoins has soared to an impressive over $11 billion. This represents a dramatic increase from just $1.5 billion at the beginning of 2024, showcasing robust investor appetite and product development.Growing Market Share: This expanding segment now commands a significant 4.5% of the total stablecoin market. This is a notable increase from just 1% market share at the start of 2024, illustrating its burgeoning importance within the broader stablecoin ecosystem.Staggering Annual Growth: The combined market cap of yield-bearing stablecoins experienced an astonishing growth of over 5284% from February 2024 to February 2025. This meteoric rise underscores the immense investor demand for capital-efficient and yield-generating stable assets.

    For more: The Rise of Stablecoins: 2025 Market Update and Key Statistics

    The Unprecedented Growth Trajectory: Key Statistics

    Source: Stablewatch

    Key Players and Driving Forces: Ethena, Tokenized Treasuries, and Institutional Interest

    Several innovative projects and broader market trends are propelling this rapid expansion:

    Ethena (USDe): Ethena’s synthetic dollar, USDe, has undeniably been a major catalyst for this sector’s growth. Its market cap remarkably crossed $3.5 billion by February 2025, and as of early June 2025, USDe’s market capitalization stands approximately between $5.46 and $5.88 billion. This positions Ethena as a dominant force in the yield-bearing stablecoin arena. Their innovative approach, primarily relying on delta-neutral perpetual futures strategies, has captured significant attention due to its attractive yields.Tokenized Real-World Assets (RWAs): The proliferation of yield-bearing stablecoins has directly fueled a substantial increase in the market capitalization of tokenized treasury bonds. This specific RWA market segment surged over 260% in 2025, reaching over $23 billion. Notable examples include BlackRock’s BUIDL tokenized Treasury fund, which itself grew from $649 million to $2.9 billion. This trend vividly illustrates the growing interest in bridging traditional finance yields with the efficiency, transparency, and accessibility offered by DeFi on blockchain.Broadening Investor Demand: Both retail and institutional investors are increasingly seeking stable yet rewarding options within the volatile crypto space. The appeal of earning a consistent yield on stable digital assets is strong. Even traditional payment giants like PayPal are showing interest, with offerings like 3.7% interest on PayPal USD (PYUSD) balances, signaling growing mainstream interest and confidence in stablecoin-related products.

    Navigating the Landscape: Inherent Risks and Essential Considerations

    While the promise of attractive returns from yield-bearing stablecoins is compelling, it is crucial for investors to understand the inherent risks involved. No investment, especially in the nascent Web3 space, is without its challenges:

    Smart Contract Risk: The underlying DeFi protocols that enable yield generation rely on smart contracts. These are susceptible to bugs, exploits, or unforeseen vulnerabilities, which could lead to significant financial losses if not robustly audited and secured.Counterparty Risk: For protocols that rely on centralized entities for custody or complex hedging strategies, counterparty risk becomes a concern. The solvency and trustworthiness of these entities are paramount.De-peg Risk: While designed for stability, some yield-bearing stablecoin models, particularly those with algorithmic or complex backing mechanisms, have historically faced de-pegging events. This means the stablecoin temporarily or permanently loses its intended 1:1 peg to the underlying fiat currency.Yield Sustainability: The attractive yields offered by some protocols may not always be sustainable in the long term. Yields can fluctuate based on market demand, funding rates, and the performance of underlying strategies. Investors must scrutinize the yield generation mechanism to assess its robustness.Regulatory Risk: The evolving regulatory landscape for stablecoins could impact the operations and legality of certain yield-bearing models, especially if new classifications or restrictions are introduced.

    Key Players and Driving Forces: Ethena, Tokenized Treasuries, and Institutional InterestKey Players and Driving Forces: Ethena, Tokenized Treasuries, and Institutional Interest

    Source: stablewatch

    The Future Outlook: Regulatory Catalysts and Mainstream Integration

    The future of yield-bearing stablecoins appears exceptionally promising. Analysts anticipate sustained expansion and deeper integration into the global financial system.

    For instance, JPMorgan analysts project significant growth for these assets. They could capture as much as 50% of the total stablecoin market cap. They also foresee overall stablecoin issuance doubling to $500 billion within the next 18-24 months.

    Yield-bearing assets might comprise a substantial $75 billion of this burgeoning market. This growth is powerfully catalyzed by increasing regulatory clarity globally. The EU’s Markets in Crypto-Assets (MiCA) framework became fully operational for stablecoins on June 30, 2024. This has already led to new licenses for prominent issuers.

    Simultaneously, in the US, proposed legislation like the GENIUS Act and the STABLE Act aim to establish a comprehensive federal framework. Hong Kong’s Stablecoin Ordinance is also set to commence on August 1, 2025, providing clear legal guidelines.

    This global regulatory progress significantly enhances stablecoin legitimacy. It effectively paves the way for wider institutional adoption and fosters greater trust among financial entities and governments. Deloitte has even aptly termed 2025 “The year of the payment stablecoin.” This sentiment fundamentally supports the growing acceptance of all stablecoin variants, including those that offer yield.

    Indeed, yield-bearing stablecoins are rapidly transforming the stablecoin market. They offer a compelling blend of stability and attractive passive income opportunities for Web3 investors. Their explosive growth, driven by innovative protocols and increasing tokenization of real-world assets, signals a new era for digital finance.



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    Decoding June 2025’s NFT & Crypto Market Signals

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    Metaverse Fashion Week Online
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    Decoding June 2025’s NFT & Crypto Market Signals


    In general, the NFT and crypto landscape stands as a volatile and unpredictable market. However, as of late, there’s been an increase in the air of uncertainty surrounding this landscape, demanding the attention of investors and onlookers alike. In fact, the sensitivity of this market is further solidified by the huge impact a tweet from crypto influencer Kekalf had on the world of crypto and NFTs. It’s important to note that this sudden buzz following the social media post has brought about vital discussions, including speculation on where the market is headed. To better understand the ripple effect, let’s take a comprehensive look at everything, from the influencer’s impact to potential market strategies. 

    The Kekalf Effect On NFTs

    Kekalf (@NFT5lut), a prominent influencer in the crypto space, recently shared a rather cryptic re-tweet of the Palantir Technologies warning. Despite the vague post, this immediately sparked much discussion amongst investors, with an apparent concern surrounding the uncertainty in the NFT and crypto market. For one, monitoring the volatility, floor price shifts, and NFT trade volumes has taken priority, with trends being closely analyzed. A good example of this is how digital currency is used in crypto casinos, which each come with their own pros and cons, as discussed by expert Wilna Van Wyk.

    In fact, this is one of many CasinoBeats crypto insights that provide a detailed breakdown of digital currencies compared to fiat (traditional) alternatives. It also demonstrates the nuanced signals needed to guide traders and enthusiasts through the convoluted market space, especially concerning fleeting trends. It could be argued that the sudden uprise in concerns directed at this space due to a singular tweet is a trend that could be considered fleeting. The crypto landscape is home to many influential figures, including Vitalik Buterin, Changpeng Zhao, and Michael Saylor.

    These figures hold outsized power in the form of their words, which can act as a catalyst for large market shifts (e.g., Kekalf’s tweet versus the sudden market volatility). As a result, it’s important to look beyond the ripple effect of this tweet and ask what the current dominant narrative is in this sphere. Which market segments are trending, and which are beginning to cool? Are NFT purchases being made for long-term utility and investment, or as a means of making a quick flip? 

    Crypto’s Macroeconomic Mirror

    Due to the overlapping similarities between crypto, NFT, and stock trading, it should come as no surprise that similar principles may apply. In fact, it would not be far-fetched to draw a connection between traditional stock market fluctuations and the volatility in crypto pricing. Looking at the bigger picture, it becomes inherently clear that both stock and crypto markets are impacted by external circumstances such as geopolitical events or other economic factors. The main question is whether they affect one another, and if Kakalf’s nod at Palantir Technologies is anything to be concerned about.

    Well, historically speaking, the answer would be no. However, earlier this year, there seemed to be a clear shift in the intricacies of the stock and crypto markets, with the two theorized to overlap. Following the stock market correction, Bitcoin was impacted by a 10% reduction by March, and a 25% decrease since January 2025. Similarly, in January, the S&P 500 rose to 0.88 alongside Bitcoin achieving an all-time high ($100000+), placing the two at a crossroads. This one-to-one correlation suggests a future wherein stock market changes will regularly impact this cryptocurrency.

    The appeal of cryptocurrencies and NFTs came with their decentralized nature, complete digital asset ownership, and potential for higher gains. However, despite this being a seemingly isolated instance, there seems to be a shift toward these digital assets becoming more intertwined with traditional finance. Of course, such a change could significantly impact the market value of crypto (amongst other assets) as its appeal to investors could see a significant drop. As such, keeping an eye on economic indicators such as inflation, regulatory changes, and overall economic growth is vital. 

    Bitcoin’s Anchor: The Big Money Play

    While Bitcoin may be scrutinized due to its potential ties to the stock market, it still stands as a haven for crypto tokens. While the current market may be seeing much unrest and fluctuations, Bitcoin seems to be undergoing less volatility than other prominent currencies. For investors, despite the potential stock influences, this might be the leading way forward to combat current (possibly excessive) changes. In comparison to NFTs, large financial institutions seem to have a growing interest in this digital asset, with some already adopting the currency. During such turbulent times within the crypto and NFT markets, Bitcoin starkly contrasts with the speculative nature of NFTs.

    A great example of this institutional interest can be seen in the influx of funds into the Grayscale Bitcoin Trust. These major inflows indicate the number of key players entering this space to invest in digital assets. Of course, this is a positive factor for the stability and credibility of the crypto market, as influential figures will help build trust on a larger scale. Even more, this could also have a major impact on the value of digital assets going forward, as there would be a natural influx in demand. 

    Mastering Market Volatility

    The current market volatility may be casting doubt in the minds of many, but it’s also an opportunity for investors to take advantage of the chaos. Traders might stand a chance of turning a large profit off of short-term altcoin pumps, as many are gaining traction through project news or NFT speculation. Although it sounds simple, it’s easier said than done. Traders need to analyze these markets to identify the standout entry and exit points when trading for altcoins. Even more, this approach will significantly help to reduce the financial risk associated with major cryptocurrencies and volatile altcoins.

    As a result, focusing on ways to diversify portfolios during these excessive market fluctuations is crucial. Adapting through position sizing and setting stop-losses can alter the outcome of volatile trades, so investors are thriving in an otherwise hostile environment. However, this is not a sure-fire way to benefit from this uncertainty, and it will require an immense amount of strategic thinking and adaptability. Quick decision-making when it comes to choices regarding a particular coin will be important as it may only be valuable for a certain window, and can turn around a good profit. 

    The Unfolding Digital Story: A Forward Look

    Overall, the broader NFT and crypto markets are all interconnected, which results in a very nuanced and dynamic market space. Navigating said space can prove very tricky at times, especially for those who are not seasoned traders or investors. Unfortunately, definitive predictions when it comes to crypto spaces are not something to count on, but that does not discount informed decision-making. Adapting to the ever-changing landscape is, arguably, the leading way to keep benefiting even when there are significant drops in market value. 



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    Cetus Protocol Resumes Operations After $22.3 Million Exploit

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    Cetus Protocol Resumes Operations After .3 Million Exploit


    Cetus Protocol, the leading decentralized exchange (DEX) on the Sui blockchain, has officially resumed operations after a major security incident last week that led to a reported $22.3 million exploit. The protocol, which had temporarily suspended services following the breach, has now relaunched with upgraded security features and a renewed commitment to transparency.

    The attack, discovered on June 1, was the result of a vulnerability in an external protocol that affected Cetus’ liquidity pools. According to initial investigations, the exploit allowed attackers to manipulate token prices and drain funds from the protocol. Cetus quickly halted operations to contain the damage, freeze affected smart contracts, and begin a comprehensive investigation.

    Read more: Cetus Protocol Hackers Exploited $223M, Terrorizing the SUI Ecosystem

    Restart Plan and Compensation Framework

    Cetus’ relaunch follows the implementation of multiple new security protocols, including real-time monitoring systems, enhanced oracle protections, and external smart contract audits. The project also announced a compensation plan for affected users, which will be rolled out in phases. Details include restoring 80% of lost funds through insurance reserves and treasury allocations, with the remaining portion covered through future protocol revenue.

    To support this recovery, the Cetus community has approved an emergency governance proposal enabling temporary reallocation of protocol fees and incentives toward restitution efforts. According to the proposal, 30% of trading fees will now be redirected to a user recovery fund.

    Despite the severity of the attack, community sentiment around Cetus remains cautiously optimistic. CETUS, the protocol’s native token, saw a modest rebound in trading volumes post-relaunch. Meanwhile, total value locked (TVL) on the platform has started to recover gradually, though it remains below pre-attack levels.

    The relaunch is seen by many as a critical test for both Cetus and the broader Sui ecosystem, which has sought to position itself as a secure and scalable home for next-generation DeFi applications.

    Security in the Spotlight

    The Cetus incident has reignited industry-wide conversations around security standards in DeFi. While the attack exploited a third-party vulnerability, the cascading effects highlighted the interconnected risks inherent in on-chain finance.

    As part of its recovery roadmap, Cetus is also collaborating with other protocols and infrastructure providers on Sui to enhance cross-platform threat detection and response coordination. “This isn’t just about Cetus—it’s about setting a new security benchmark for the entire ecosystem,” the team emphasized.

    With operations now restored and a proactive security posture in place, Cetus aims to turn the page on a turbulent chapter and rebuild user trust in the months ahead.





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    LBank Review 2025: Is It a Safe & Legit Crypto Exchange?

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    LBank Review 2025: Is It a Safe & Legit Crypto Exchange?


    Cryptocurrency exchanges are the lifeline of the digital market economy, and for the trader, choosing the right one with the features that support their investment needs is a significant decision. No matter your specific needs, you are looking for an exchange that addresses most, if not all, your trading and investment needs to increase your chances of making a profit. If that describes you, our LBank review could be what you need to help you make an informed investment decision.

    In this comprehensive LBank review, we delve into LBank’s depths and tell you about its features, user experience, security practices, trading fees, deposit and withdrawal methods, and many other reasons that have made the platform a sensation within the crypto space.

    LBank Exchange Review: Summary Table

    OverviewCryptocurrency Exchange owned by Superchains Network Technology Inc.Headquarters Based in Hong Kong Founded By Eric He and othersYear Founded 2015 Native tokenLBKSupported CryptocurrenciesOver 800 coins (Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and many others)Supported Fiat CurrenciesOver 50+ fiat currencies GBP, CHF, AED, AMD, and AUD for fiat deposits and over 20 payment methods.Products & ServicesLBank Wallet, NFT marketplace, LBank Academy, Launchpool and Launchpad, LBank Earn, Finance (savings) KYC Trading Applicable to LBank card or fiat tradingSecurity and ComplianceKYC (Know Your Customer) verification (non-mandatory)Cold Wallet StorageAsset SSL encryptionTwo Factor Authentication (2FA)IP Whitelisting Bug Bounty Program Anti-phishing Code Asset Insurance Fund.Trading FeaturesSpot, Futures, Margin, Copy trading, Leverage and P2P trading, Crypto Lending and Borrowing, Crypto Staking, and OTC tradingCustomer SupportLive chat, Email support and a Support CenterTrading FeesFutures trading: Maker 0.02% – Taker 0.02%Spot trading: Maker 0.10% – Taker 0.10%Leverage trading: Maker 0.20% – Taker 0.20%Deposit Methods20+ (including cryptocurrencies, bank transfers, MasterCard, Visa, Apple Pay, Google Pay).Withdrawal MethodsCryptocurrency and other external payment providersRestricted JurisdictionsChina, USA, Belarus, Hong Kong, Macau, Cuba, Iran, Iraq, North Korea, and more.

    LBank logo

    What is LBank?

    LBank is a Hong Kong-based cryptocurrency exchange founded in 2015 by Superchains Network Technology. While it is essentially a Chinese enterprise, it operates from the semi-autonomous city-state of Hong Kong to work around mainland China’s restrictive cryptocurrency laws.

    With a customer base of over 15 million and spread across many countries globally, LBank has become an ideal platform for both old and new traders looking to dip their toes into the crypto investment space, targeting the leading digital assets and hundreds of existing and upcoming altcoins. The exchange, primarily a crypto-to-crypto platform, offers tens of trading pairs involving over 500 cryptocurrencies for holdings like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and many others. 

    According to onchain statistics, LBank currently manages an average daily trading volume surpassing $3 billion, which is impressive by any standards. Moreover, LBank users can access bonuses, referral competitions, and other incentives encouraging them to invite friends and family.

    What is LBank Exchange?What is LBank Exchange?

    LBank Pros and Cons

    Regarding cryptocurrency trading, LBank exchange has several advantages and disadvantages. The platform has an easy-to-use interface and offers a wide range of trading tools to enhance users’ experience. While it’s reported to provide among the most competitive trading fees, some users have complained about issues like a not-so-impressive customer support experience.

    Considering this LBank review to see whether the exchange is good for you, you need to weigh the pros and cons before settling for LBank for your cryptocurrency trading experience.

    Pros of LBank Crypto Exchange

    1. Reasonable Trading Fees

    With maker/taker fees starting at 0.1%, LBank offers among the most reasonable trading fees applicable with spot traders. Futures makers fees are 0.02%, and takers fees are 0.06%. The fee structure is clear and easy to understand and applies to all traders regardless of the size of their trade volume.

    2. Non-compulsory LBank KYC Practice

    The exchange operates a non-compulsory LBank KYC policy. If you choose to, you can do all your cryptocurrency trading practices on the platform without being forced to complete a procedure to verify your identity. 

    3. Many Alternative Payment Methods Supported

    Regarding account management, users have over 50 methods they can use to deposit funds to local bank accounts and debit/credit cards in their proposal. This offers a seamless payment system that technically excludes third-party payment platforms for traders’ benefit. 

    4. Token Launchpad and Launchpool

    To support especially new users interested in locating newly introduced digital assets that haven’t hit popular exchanges, LBank exchange operates the Launchpad, a segment that helps new projects raise funds. As a result, the platform’s users can access emerging projects at discounted prices, yielding a good return on investment if the project succeeds. 

    5. Bot Trading and Copy Trading

    Do you like optimizing or automating your cryptocurrency trading experience? If you answered yes, the platform’s grid trading and copy trading features are designed for you. You can increase your profit margins by copying the strategies employed by expert traders or using AI-powered trading bots that predict and take advantage of price fluctuations and then execute automatic trades following predefined parameters.

    6. Highest Meme Coin Liquidity

    If you are a meme coin lover frustrated by exchanges struggling with low liquidity, especially for newly listed coins, LBank offers a solution: high liquidity that facilitates a seamless buying and selling experience and price stability for any size of opening or closing positions.  

    Cons of LBank Crypto Exchange

    1. Rigid Trading Fees

    LBank’s trading fee structure is rigid regardless of your trading volume or even if you hold the native LBK token. Whatever you trade, a fixed fee of 0.10 – 0.20% applies to all spot trade transactions while a fee of 0.02% and 0.06% applies to all futures trades for both makers and takers in that order.

    2. Insufficient Educational Resources

    The number of educational resources offered at the LBank academy. On the other hand, the issues addressed by the platform’s FAQ section are limited and may not address many pertinent issues affecting users. The lack of a comprehensive training program and demo accounts can make beginners feel shortchanged.

    3. Limited Customer Support Channels

    For a crypto exchange of its size, having only two customer support channels namely Email communication and live chat seems like a big disservice. Customers have complained of slow response times, especially regarding complex issues that the AI-trained robots cannot address.

    LBank Trading Features

    As a global platform with several years of experience, the LBank exchange caters to a wide array of crypto traders and investors with different needs, preferences, risk profiles, and appetites for many forms of crypto trading. In addition to the LBank app, users can access many investment options and other resources that help with portfolio diversification. Our LBank review will delve into some of the features the exchange offers its users.        

    1. LBank Spot Trading   

    LBank operates a dynamic spot trading platform where traders can instantly buy and sell digital assets, similar to any standard cryptocurrency exchange. The platform’s interface has an easy-to-use, intuitive design. It offers live market data and a super-fast matching engine that simplifies the spot trading experience regardless of whether you’re a novice or an old hand.

    For anyone simply looking for a place to buy and sell cryptocurrencies at the prevailing market prices, LBank is a good place to start, considering it offers over 800 different digital assets. Moreover, the platform is renowned for providing a growing list of the latest and trending meme coins on a clean interface rich with real-time price charts and other technical tools that facilitate a hassle-free spot trading experience. The most popular cryptocurrencies on the LBank spot trading platform include BTC, ETH, SOL, XRP, ADA, DOGE, and LTC.

    LBank Spot Trading   LBank Spot Trading   

    2. LBank Futures Trading

    According to the LBank official website, the platform’s futures program manages an average daily trading volume of at least $2.4 billion across over 260 assets where users can enjoy up to 200x leverage. The exchange states that it can launch meme coin futures within three hours of hitting the market, making it the fastest protocol for users intending to trade newly launched meme coins with high-profit potential. The exchange prides itself on using a cross-index pricing model that minimizes liquidation and reduces manipulation while guaranteeing fair pricing.

    To facilitate a smooth user experience, the LBank futures trading platform has one of the highest transactions per second (TPS) matching engines with zero latency, ensuring no unnecessary delays could cause mid-transaction price jumps. Moreover, traders can enjoy specialized tools like quick orders, customized price charts, one-click reversals, and stop-loss and take-profit options that facilitate lightning-fast trades in a lightning-fast market.

    Considering the risks associated with cryptocurrency trading due to the assets ‘ extreme market volatility, derivative and futures trading can be riskier, especially when highly leveraged trades are involved. The truth is that traders live with an ever-present risk of liquidation when prices can rush in the opposite direction. To better take care of traders on the LBank futures platform, the exchange operates a $100 million Futures Protection Fund to cover futures traders on the platform, with a guarantee of full reimbursement and an additional reward to anyone affected by a sudden price hike. 

    LBank Futures TradingLBank Futures Trading

    3. LBank Copy Trading  

    LBank has a Copy Trading feature that enables beginners and less-experienced traders to copy and replicate moves made by successful expert traders automatically. This feature allows any newbie trader to make a lot of money from their cryptocurrency trade practice, whether they’re too busy to conduct trade analyses from complex charts or don’t have the necessary experience. 

    The Copy Trade platform shows the distinctive metrics of numerous successful traders, such as their total profits, risk appetite, win rate, and trading history, to enable followers to learn about their specific trading strategies. Taking the copy trading route at LBank is as simple as browsing the list of expert traders, reviewing their trading strategies and performance, and then selecting to follow them.

    After you pick your favorite trader, your account automatically will automatically mirror their strategies. The system is designed so that whenever the trader opens or closes a position, your trader account automatically replicates the same trade proportional to the amount of funds you will have allocated. Note that you can follow different traders and still not manage to copy their trade strategies. Always maintain a sufficient balance in your trading account to avoid this mistake.

    LBank Copy Trading  LBank Copy Trading  

    LBank Fees     

    The applicable transaction fees on any exchange you choose can determine what you take home after executing a trade, and for many platforms, this can be relatively high. While other exchanges like Bybit and Binance offer a tiered fee and discount system, fees at LBank are fixed irrespective of your trade volume. Nonetheless, the best part is that LBank Exchange charges some of the lowest fees in the market.

    1. LBank Trading Fees  

    Unlike other platforms such as Kucoin, which offer reduced day trading fees for traders who hold an exchange’s native token or those who maintain a high trading volume, LBank doesn’t provide any of that, even for users with the native LBK token.

    The platform’s trading fees run on the maker-taker fee model with the following structure:

    Spot Trading Fees: Depending on the asset, the applicable fees are pegged at a 0.1-0.2% maker/taker fee. The major cryptocurrencies like Bitcoin and Ethereum attract a 0.1% fee, while the smaller altcoins and meme coins will attract a 0.2% fee. In general, the LBank fee structure looks like the following across all manner of tokens:

    Up to $10k trading volume: 0.1-0.2%Up to $100k: 0.1-0.2%Up to $500k: 0.1-0.2%

    Fees for Futures Trades: LBank charges makers 0.02%, while takers have to pay 0.06% as the applicable fees.

    LBank Trading Fees  LBank Trading Fees  

    2. LBank Withdrawal and Deposit Fees

    Different withdrawal and deposit fees apply on the LBank crypto exchange based on your preferred payment method. Users can enjoy free deposits when they make cryptocurrency or fiat currency deposits via P2P, crypto networks, or traditional bank transfers. Nonetheless, the amount payable on crypto withdrawals will differ based on several factors, including the digital asset, the blockchain, and the network’s activity level at the transaction time. 

    So here we give a simplified breakdown:

    Deposits: No fees are charged for any P2P trading, bank transfer, or crypto deposits.Withdrawals: LBank doesn’t facilitate direct withdrawals, meaning third-party payment providers handle them. As a result, this will translate to relatively higher fees than exchanges like Bybit or Binance since the external providers will mostly offer less favorable exchange rates, leading to higher withdrawal charges. In this case, you’ll need to do your arithmetic well if your trading game involves many fiat withdrawals, as LBank will be a less-than-ideal option on this aspect.

    LBank Withdrawal and Deposit FeesLBank Withdrawal and Deposit Fees

    3. LBank Margin Fees   

    LBank exchange applies a relatively different trajectory to leverage traders by offering leverage tokens rather than variable leverage on traded tokens, as is standard practice on other exchanges. As a result, the provided leverage tokens act as derivatives instead of spot tokens, which makes them perpetual products, thereby mitigating any liquidation risk.

    Regarding the actual practice, the platform supports up to 125x leverage on regular tokens and 200x leverage on meme coin trading. These leveraged tokens mirror ETF trading, supporting 5x long and short positions without the need for margin trading. The applicable trading fees, as indicated on the platform, are:   

    Maker/Taker Fee: 0.2%Daily Holding Fee: 0.1%

    If you’re interested in futures trading, LBank offers a relatively competitive fee structure as indicated here:

    Maker Fee: 0.02%Taker Fee: 0.06%

    At this level, the platform’s trading fees are among the most reasonable, perhaps the lowest across the entire industry. For example, if you trade $100 at 10xs leverage, you will be charged only $2 if you use limit orders. Moreover, the fees for selling Bitcoin on the exchange may be comparable to larger exchanges like Binance but lower than those on the same level as LBank.

    When you compare LBank’s trading fees for its leveraged tokens with all its other trading products, you’ll notice they’re the highest. On the other hand, the platform’s margin transaction fees are relatively higher than those of other leading exchanges globally.

    LBank logoLBank logo

    LBank Products and Services 

    In its 10+ years of existence, LBank has expanded to over 210 countries, offering secure, convenient, and professional digital asset exchange services to over 15 million users. The platform has thrived in an ever-evolving environment, and according to CoinMarketCap, it ranks among the top 20 most significant cryptocurrency exchanges by market value and trading volume.    

    During this period, LBank Exchange has undertaken significant improvements and added new features over the years, as well as a slew of products and services to cater to its ever-growing clientele. Apart from crypto trading, derivatives, staking, currency quantification, and currency interest creation, the following are among other exclusive products and services available to the digital asset investment community: 

    LBank Earn

    In addition to the traditional trading tools LBank offers, which you will find on other cryptocurrency exchanges, the platform has several unique ways LBank Earns, through which users can earn additional income. The exchange offers two exclusive earning products: LBank Flexible and LBank Locked. With these two flexible earning tools, investors can use their digital assets to earn daily interest without a lock-up period. These high-quality investment products enable users to manage their idle assets and benefit from a competitive automatic daily interest distribution plan.

    LBank Earn: FlexibleLBank Earn: Flexible

    The potential annual percentage yield (APY) on this program is determined by the crypto asset invested, but it can be between 2% and 290%. Note that the APY on the LBank flexible tool is compound, meaning the earned interest gets reinvested, and you end up earning a double interest—from the original investment amount and the accumulated interest. The LBank locked tool, on the other hand, garners a higher interest with a stable return on investment since you lock your assets for an agreed-upon period.  

    LBank Exchange also offers two related products under LBank Earn: Launchpad and Launchpool. The particular tools are explicitly designed for users interested in gaining early access and investing in new cryptocurrency projects. With Launchpad, users can invest directly in tokens that haven’t been listed publicly. Launchpool, on the other hand, takes the passive income model, where users are asked to hold specific digital assets over some time and earn passive income.

    LBank Earn: LaunchpoolLBank Earn: Launchpool

    NFT Marketplace

    LBank gives users access to a dedicated platform to mint, buy, sell, and trade non-fungible tokens (NFTs). The NFT Marketplace is integrated with the exchange, making it easy for users to fund their accounts and buy digital assets without struggling to transfer funds between different accounts and platforms. 

    LBank exchange operates a dedicated marketplace that allows users to mint, buy, sell and trade NFTs. The NFT platform integrates the exchange’s functionalities making it easy for users to seamlessly fund their accounts so they don’t have to transfer assets from one platform to another when buying NFTs. 

    Users can easily browse the existing NFT database, where LBank community members can upload and maintain a growing list of offerings, including images, tickets, and blockchain domains similar to those found on any other NFT marketplace.

    While the LBank NFT marketplace doesn’t necessarily stand out in the league of the top NFT marketplaces like the Binance NFT Marketplace, it still stands out as a superb option for users who must perform all their trading activities on a single platform. 

    All users that are registered on the LBank Exchange have automatic access to an NFT marketplace account. If you’re a creator, you can submit your NFT where it can be reviewed and if approved, you can list it for sale. The NFT marketplace enables collectors and creators to explore various NFT collections, including art, music, virtual real estate, and gaming assets, on LBank.

    LBank Wallet

    LBank offers an in-built crypto wallet where users can store, manage, and transfer their assets straight from the platform. It comes in both cold and hot wallet versions. Since this is a custodial wallet, the exchange controls the private keys. While this is convenient, the safety and security of the users’ assets become the platform’s responsibility.  

    Apart from the LBank wallet’s hot storage option, which facilitates fast and easy access to your funds, the exchange has robust security measures. These include storing most of the funds in cold storage, thus reducing the risk of hacking. Moreover, the exchange has also implemented a withdrawal whitelist option and anti-phishing codes to guarantee optimum protection.  

    LBank Bonuses and Special Offers

    LBank Bonuses and Special OffersLBank Bonuses and Special Offers

    Any user interested in bonuses and incentives is well taken care of at the exchange’s Bonus Center, where participants can perform simple tasks and earn special referral-based bonuses. New users during sign-up can use the LBank referral code “4UIUJ” to earn up to 6,000 USDT and enjoy a 20% discount on trading fees. 

    To qualify for newcomer bonuses, you must spend a minimum volume of 100 USDT on your first spot trade by depositing at least 10 USDT into your LBank account. For futures LBank bonuses, endeavor to exceed a 1,000 USDT trading volume on your first futures trade and maintain a futures wallet balance of no less than 10 USDT.

    Moreover, existing traders can also use their LBank referral link and code to invite friends and acquaintances. This helps the referrer receive up to 30% commissions and potential bonuses.

    LBank logoLBank logo

    LBank Labs

    LBank Labs is a Dubai-based LBank cryptocurrency exchange corporate arm specializing in investing in blockchain and Web3 startups. The project offers venture capital, mentorship opportunities, and network access to incentivize innovation within the industry.

    LBank Labs explicitly offers direct funding, project acceleration, and incubation to promote forward-thinking ideas within the blockchain space. Among the most active segments of the project include:   

    Venture Capital Firm: The project is a venture capital firm targeting startups within the blockchain and Web3 ecosystems.Web3 Focus: The firm is primarily interested in driving the Web3 startup agenda, which aims to fuel what everyone believes is the future of blockchain innovation.Investment Activities: Besides capital, LBank Labs also opens doors to global networking with associated portfolio companies and helps investors diversify their investments across sectors like high-tech, Blockchain Technology, and Fintech. Since its establishment in 2019, LBank Labs has invested in at least 100 ecological projects, such as DeFi, Polkadot, NFT, and Solana, since 2020.

    LBank LabsLBank Labs

    Is LBank Exchange Safe and Legit?

    The answer is yes. LBank Exchange is a genuine platform with operating licenses from numerous countries. Nonetheless, like with all financial institutions, you must always do your due diligence and exercise caution, as there are always mixed reviews. The platform has operating licenses from several jurisdictions, including Canada (FINTRAC), Italy (OAM), Australia (AUSTRAC), and Lithuania, among others.

    The platform has adopted the renowned Merkle tree proof-of-reserves to verify its asset holdings publicly. Moreover, LBank maintains a state-of-the-art Anti-Market Manipulation Policy and prohibits deceptive practices, including pump-and-dump schemes, spoofing, and wash trading. During its over one decade of existence, LBank Exchange has managed to maintain a clean track record of safety without any security breaches. 

    It’s important to note that while the platform runs a robust LBank KYC protocol, it remains one of the trusted no KYC crypto exchanges. However, you can verify your identity to access all products and services, including raising your withdrawal limit using your government-issued ID, driver’s license, or passport. As with all cryptocurrency exchanges, it is recommended that you keep your funds in a secure cold wallet unless you’re trading.

    The following are among the security measures LBank uses for customer funds safety:

    1. Two-Factor Authentication (2FA)

    LBank supports a robust two-factor authentication program as an extra security layer beyond passwords. Users can choose between SMS-based 2FA options and Google Authenticator, making it harder for scammers to access users’ funds. 

    Did you know that even if an individual managed to breach your bank account, they would still need to input another 6-digit code sent by your 2-factor authenticator before they could execute any transaction? Moreover, users can add several other protective measures, including asset passwords, SMS verification, or anti-phishing codes, and more.

    2. Cold Storage for Funds

    Due to the constant risk of theft and hacking, LBank stores the majority of user funds offline in cold storage wallets that do not connect to the internet. The exchange uses a combination of cold and hot wallets to manage user funds and create a balance between security and accessibility so that user funds remain safe and available for transactions when needed.

    3. Encryption Standards and Protocols

    LBank uses state-of-the-art SSL encryption to protect all user data and transaction records. This military-grade protocol guarantees that customers’ information stays secure and private during every interaction with the platform. Moreover, LBank uses several other security measures to safeguard its infrastructure and operating systems.

    4. Regulatory Compliance and Licensing

    The exchange seems highly committed to adhering to renowned global guidelines and regulations regarding cryptocurrency exchange operations. LBank’s commitment level is reflected in the many licenses it has received from regulatory agencies in different countries worldwide.

    5. Proof of Reserves

    The exchange recently adopted the Merkle-tree proof-of-reserves used by legitimate cryptocurrency exchanges to show they have sufficient assets to cover all their user deposits. The Merkle tree uses a cryptographic structure to efficiently and securely verify the integrity of its data.

    6. Insurance Fund

    LBank has a designated insurance cover covering losses clients could incur if their account balance is zero. The platform uses collateral from transaction fees to cover non-bankrupt clients and limit the risk of counterparty liquidation. A typical insurance fund covers all the exchange’s perpetual futures contracts, while BTC/USDT and ETH/USDT trading pairs are also covered by their separate cover.

    7. Licensing Details

    LBank has several operating licenses covering its operation in different jurisdictions, including running a money service business (MSB) from the USA’s Financial Crimes Enforcement Network (FinCEN), a Virtual Asset Service Provider (VASP) from Italy, and another license from Canada’s Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Additionally, LBank is a registered cryptocurrency and remittance service provider registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), and the Lithuanian government licensed LBank to engage in crypto-focused businesses.

    8. Transparency Measures

    LBank’s official website displays all relevant information about its operations and regulatory compliance details, demonstrating its commitment to running the business and complying with all applicable legal and regulatory frameworks.

    LBank Supported Cryptocurrencies   

    According to the company’s website, the LBank exchange supports over 800 different cryptocurrencies, including the leading ones by market capitalization, such as Bitcoin, Ethereum, Solana, Binance Coin (BNB), Polygon, Avalanche, Cardano, and others.

    LBank is also a leading meme coin market, offering over 240 mainstream meme coins and several other gems that have recently achieved huge gains. This has made the exchange the go-to exchange for meme coin investors. Some of the leading meme coins it supports include Dogwifhat, Catwifhat, Shiba Inu, Book of Meme, and Pepe coins.

    How to Sign Up to LBank       

    If you’re interested in buying, selling, or trading different cryptocurrencies through LBank, you need to create an account and deposit funds before you can get started. Whether you’re an expert or a beginner, LBank could be a great place to begin if you want to make a profit while trading or earn endless rewards the exchange offers.

    LBank logoLBank logo

    Below is a step-by-step guide to get started on your crypto trade or investment journey:

    Step 1: Download the LBank App: Download the app using your Android or iOS mobile device or register on your browser. Step 2: Open the LBank App: Open the app and top Register or Log In to begin the procedure.Step 3: Register: Once you’re logged in, enter your email address and create a password you will use to access your account. Check the box indicating you Understand LBank’s Terms of Use and tap continue.Step 4: Verify Account: Drag the slider toward the security verification puzzle. After that, you will receive a verification email. You must enter the verification code within 10 minutes. Enabling 2FA is recommended to add a layer of security.

    How to Sign Up to LBank       How to Sign Up to LBank       

    How to Deposit & Withdraw Crypto on LBank

    Deposit Funds         

    Once you’ve successfully registered your account, the next step is to have funds before you can buy crypto. Depositing funds is straightforward since LBank supports many cryptocurrencies and deposit networks. Ensure you have supported fiat currencies such as GBP, EUR, and USD, which can be deposited through bank transfers or credit/debit cards to purchase your chosen cryptocurrency.

    Here is the process of depositing crypto to LBank:   

    1. Using the Web

    Step 1: Visit the LBank WebsiteStep 2: Locate the cryptocurrency wallet icon in the menu at the top right-hand corner of the interface and tap “Deposit.” Follow the prompts to select the cryptocurrency you want and your preferred network.Step 3: Copy your deposit address and paste it into the wallet you use externally to initiate the transfer. Alternatively, you can scan the QR code with your wallet app to easily make the deposit. Afterward, transfer the deposit address to the external exchange or wallet and start the withdrawal. Be sure to check your LBank account balance to confirm the funds have arrived.

    2. Using the App

    Step 1: Go to the bottom of the LBank App menu and tap on “Assets.”Step 2: Tap on “Deposit” and select the crypto you want from the Suggested MenuStep 3: When the bottom menu pops up, tap “On-Chain” and “Network. “Copy and paste the Deposit Address to the exchange or external wallet and initiate the withdrawal process.

    Withdraw Funds

    Step 1: Sign in to your LBank account.Step 2: Navigate to the “Wallet” section and click “Withdraw” to begin the withdrawal process, which is similar for both the Web and the Mobile App.Step 3: Check the list of your crypto holdings and select the asset you wish to withdraw. Next, after confirming your account’s transaction limit, choose the network of choice.Step 4: Enter the recipient’s address by selecting “Actions” followed by “Receive” and the digital asset you wish to receive.Step 5: Enter the amount you intend to withdraw into your crypto wallet. Double-check the amount before you proceed, ensuring you have sufficient left to cover the network and transaction fees.Step 6: When making a crypto withdrawal, you may be asked to provide your Payment ID, Tag, or Memo.Step 7: Once double-checking the transaction details, hit the “Confirm” button to begin the withdrawal process.Step 8: Enter the Google and email verification codes for security reasons.

    How to Deposit & Withdraw Crypto on LBankHow to Deposit & Withdraw Crypto on LBank

    LBank Trading Interface & Experience

    LBank is a comprehensive platform renowned for facilitating advanced trading experiences. It offers over 800 digital assets, a growing list of emerging products, and diverse investment opportunities. By leveraging either the LBank Desktop tools or the LBank App, users can access numerous supported trading activities, such as derivatives trading and others, to engage with various financial instruments.

    Desktop

    LBank Exchange operates an intuitive desktop interface that offers a smooth trading experience incorporating world-class features and tools via TradingView integration. The platform runs on the most popular browsers, including Google Chrome and Safari, and can access at least 19 technical indicators, advanced charts, and order books.

    The Desktop platform helps users move trades smoothly between different exchanges. Its clear and easy-to-follow layout suits both beginners and experts. Traders can easily access all the essential information needed to make investment decisions, such as market depth, price charts, live trades, and order book data. Nonetheless, the arrangement is static; users cannot resize or rearrange anything to fit their tastes. 

    Placing a trade via the LBank Desktop version seems straightforward and allows for some customization. The layout is similar to the mobile version, facilitating a hassle-free experience when switching between devices.

    The LBank Desktop platform offers a smooth trading experience by providing advanced tools that enable detailed analysis and various trading strategies. Additionally, the easy-to-use order form makes the opening position a walk in the park while making the platform user-friendly for new and advanced customers. However, several user reviews propose some improvements to the best features, including limiting app Restrictions and allowing the ability to rearrange modules to fit an individual’s style.

    LBank Trading Interface & ExperienceLBank Trading Interface & Experience

    Mobile App    

    The LBank App supports both Android and iOS mobile devices. Its user-friendly interface lets users conveniently access cryptocurrencies from their mobile devices. The app offers an intuitive, easy-to-use interface ideal for beginners and experienced traders.

    Some of the best features of the LBank App include the most advanced tools available on the Desktop version, such as different trading options and portfolio tracking without forgetting spot, derivatives, and futures trading. One unique feature you won’t find with the Desktop version is real-time price tracking and alerts, which allow traders to set price notifications that keep them updated without having to check the app physically. 

    LBank customers using the app can easily access LBank earn, where they can earn passive income through cryptocurrency staking. Moreover, buying crypto using fiat currency via the app is as simple as possible, with payment options including bank transfers, credit/debit cards, and other third-party payment options. Among the standout features of the LBank app are the following:

    LBank Earn integrationThe ability to set up price alerts for live market dataNumerous payment options for buying with fiat currencyRobust security measures include biometric login, 2FA, IP, withdrawal whitelisting, and anti-phishing codes.Futures and spot trading with reasonable feesCoin search [age showing trending and latest tokensThe portfolio overview screen shows user account balances for spot, futures, grid, and earn accounts.

    Mobile App    Mobile App    

    LBank Customer Support       

    According to the exchange’s website, customers needing assistance with issues can email the customer support team. ([email protected]). There is also an online chat option on the official website if you need real-time support. However, many customers report difficulties in getting their queries answered promptly, likely due to the large volume of users worldwide seeking assistance for urgent issues. This is an area where LBank Exchange can improve. This is one area that LBank Exchange could address.

    For users who prefer communicating via social media, the exchange has an official Telegram group where customers can engage with the wider LBank community and seek help with any challenges.

    LBank Supported Countries and Regions

    LBank Exchange states on its website that it’s available in at least 210 countries and regions globally. It has a larger reach than many other cryptocurrency exchanges, supporting fewer destinations. Despite relaxing their no LBank KYC policy, which allows users from most regions to access some features without verification, users in countries like the USA, Mainland China, Cuba, and Iran cannot avail of the platform’s services. If you want to know the entire list of restricted countries, you can gather information from LBank’s Service Agreement, which compiles the list of geographical restrictions.

    LBank logoLBank logo

    Conclusion    

    After considering all the features, benefits, trading tools, and drawbacks enumerated in this LBank review, it is safe to say that LBank presents more positive elements than negative ones. The platform is ideal for both beginners and experienced traders, offering a wide range of cryptocurrencies and trading tools, including derivative and spot trading, crypto staking, and an NFT marketplace. Users who want to benefit from the experience of expert traders can take advantage of the copy trading feature.

    Considering the security risks often associated with the ever-evolving cryptocurrency market, LBank comes out strongly with robust safety measures, including cold storage for funds, two-factor authentication, and SSL encryption. The exchange has licenses from regulatory agencies in different jurisdictions to monitor regulators worldwide. LBank runs insurance coverage to cover clients’ losses and further secures customer assets.

    FAQs

    What is the security score of LBank?

    According to blockchain security firm CertiK, LBank’s security score stands at 78.35 out of 100, which places it at #18 in the CertiK Skynet ranking. Moreover, CoinGecko has given LBank an 8/10 trust score. The excellent security and trust scores are based on the fact that the exchange has never experienced any reported hacks or loss of customer funds. Moreover, the bank maintains many global licenses and registrations from countries and partners with Elliptic to enhance compliance and security.

    Are LBank fees competitive?

    LBank’s trading fees are relatively competitive compared to other cryptocurrency exchanges, although they may not be the lowest in the market. The transaction fees start from as low as 0.10% for maker and taker fees; for futures trading, the rates are 0.02% for maker fees and 0.06% for taker fees. Nonetheless, LBank fails to offer volume-based discounts like some other exchanges.

    Can you cash out on LBank?  

    Yes, it’s possible to cash out on LBank. Open your on-chain wallet, choose your preferred network, and copy the wallet address. After that, open the LBank withdrawal page, fill in the wallet’s network address and the desired currency information, and click “Withdraw” to submit your request. Now, wait for the block confirmation and the wallet to receive the credited amount.

    Can you use LBank in the USA?

    Unfortunately, cryptocurrency traders in the United States cannot access LBank’s services. While it was still possible to sign up, open an account, and execute a few trades in the past, it’s impossible to get verified. However, it is now completely impossible to do that. American users can always enjoy the crypto experience using other cryptocurrency exchanges. 

    Where is the LBank exchange located?   

    LBank is headquartered in Hong Kong and operates globally, offering services to over 210 countries. The platform has operating licenses from several locations, including the USA, Canada, Australia, UAE, Lithuania, Indonesia, and the British Virgin Islands.

    Is LBank a Chinese company?       

    There have been reports in the media suggesting that LBank could have some Chinese connections. However, the exchange’s core operations are in Hong Kong, and rumor has it that the founders are Chinese nationals who needed to work around the crypto restrictions back in China. The platform serves customers from all over the world.

    Does LBank require KYC for withdrawal?

    The LBank KYC requirement on withdrawals is relaxed, meaning users can withdraw a limited amount of crypto without needing KYC verification. This applies explicitly to non-KYC accounts with daily withdrawals of up to 0.5 Bitcoin. Nonetheless, KYC verification remains mandatory for larger withdrawals.  



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    Moonbirds NFT IP Finds New Home as Yuga Labs Continues Strategic Retreat – Cryptoflies News

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    Moonbirds NFT IP Finds New Home as Yuga Labs Continues Strategic Retreat – Cryptoflies News


    6

    Yuga Labs has sold the intellectual property (IP) of its Moonbirds non-fungible token (NFT) collection to Orange Cap Games, a rising gaming startup.

    Yuga Labs completed the acquisition of PROOF, the company behind the popular NFT project Moonbirds, last year in an effort to strengthen its Otherside metaverse project. 

    Now, the sale of the Moonbirds IP marks the latest in a series of divestitures by Yuga Labs, which has been steadily offloading NFT properties it acquired in recent years.

    Earlier this year, the company offloaded CryptoPunks and Meebits IPs to refocus on its core Bored Ape Yacht Club (BAYC) brand and Otherside.

    Orange Cap Games, the buyer of the Moonbirds IP, is best known for launching Vibes TCG, a hybrid trading card game built around the Pudgy Penguins universe. 

    You Might Be Interested In

    While details remain undisclosed, the studio has confirmed that future Moonbirds-related on-chain assets will be minted either on a layer-1 blockchain or on ApeChain, Yuga’s own Ethereum layer-2 network.

    Despite the handover, Moonbirds characters will still make appearances in the upcoming Otherside game, maintaining a thread between the two projects.

    Following the announcement, according to CryptoSlam data, Moonbirds NFTs saw a sharp market rebound. Weekly sales volume jumped over 2,500%, vaulting the collection into the top tier of NFT performers and surpassing even BAYC and Pudgy Penguins in recent rankings.



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    Crypto Presale Passed CertiK Audit, Why BlockDAG Is Beating SUBBD, Solaxy

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    Crypto Presale Passed CertiK Audit, Why BlockDAG Is Beating SUBBD, Solaxy


    Anyone asking which crypto presale to watch right now should be paying close attention to the projects taking security and transparency seriously. In 2025, it’s not just about hype or a flashy whitepaper. It’s about what steps a project takes to prepare for exchange listings and long-term adoption.

    BlockDAG is a standout because it has already passed a full audit from CertiK, before launching on any exchange. That’s a rare level of due diligence in a market crowded with unchecked promises. Alongside BlockDAG, projects like SUBBD, Solaxy, and Snorter are making waves of their own. Here’s a closer look at the big crypto presale opportunities worth watching right now.

    1. BlockDAG: A Certified Crypto Presale Primed for Exchange Launch

    BlockDAG is rapidly becoming the standout name on every presale watchlist, and for good reason. The platform recently completed a successful CertiK audit during its presale phase, sending a strong signal to both retail and institutional investors. Security audits are typically done post-launch, but BlockDAG flipped the script by verifying its code early. This move not only builds trust but also aligns with what major exchanges look for before listing a new asset. Having the CertiK seal is often a green light for compliance, security clearance, and faster onboarding to leading exchanges.

    1. BlockDAG: A Certified Crypto Presale Primed for Exchange Launch

    Beyond the audit, BlockDAG’s presale numbers speak for themselves. Over $289 million has already been raised, with more than 21 billion coins sold. The presale is now in batch 28, offering a limited-time price of $0.0018 until June 13. Since batch 1, the return on investment has grown by 2,520%. These stats show that BlockDAG is not just selling a vision, it’s delivering progress backed by community demand and verified code. If you’re looking for a crypto presale that checks every box before going live, this is the one to watch.

    2. SUBBD: Social Utility Backed by Blockchain

    SUBBD is building a bridge between social media platforms and blockchain verification. This crypto presale is targeting creators and influencers, allowing them to tokenize their digital reputation and receive rewards based on verified engagement. It’s tapping into a growing demand for social identity tools that can be monetized, managed, and trusted, without third-party platforms holding all the control.

    The appeal of SUBBD lies in its creator-first design. Instead of relying on ad platforms, users will earn directly through the blockchain by verifying real human interaction. While still early in development, SUBBD is capturing attention for its niche utility and the potential to bring a whole new category of users into crypto. For those looking for a crypto presale that targets mainstream adoption, this project could have staying power. 

    2. SUBBD: Social Utility Backed by Blockchain2. SUBBD: Social Utility Backed by Blockchain

    3. Solaxy: A Clean Energy Crypto Presale With a Cause

    Solaxy is turning heads with its approach to tokenizing renewable energy projects. It’s not just another green coin. This crypto presale is directly linked to infrastructure investments, aiming to fund solar, wind, and hydro projects through token sales. Investors don’t just hold a token, they participate in a climate-forward movement that’s also built for returns.

    Solaxy’s whitepaper details how funds from the presale will go toward real-world clean energy deployments, with transparent reporting built into its platform. The project is looking to tap into both ESG-conscious investors and those who want exposure to infrastructure-backed crypto. As environmental concerns grow, having a crypto presale like Solaxy on the radar could be a way to invest with a purpose.

    4. Snorter: A Meme Coin With Community-Led Momentum

    Snorter is taking the classic meme coin model and injecting it with utility through community-controlled features. From staking games to DAO voting and liquidity-controlled launches, Snorter is building a gamified token economy that doesn’t rely on a central team pulling all the strings. It’s currently in presale and rapidly gaining traction across Telegram and X (formerly Twitter).

    4. Snorter: A Meme Coin With Community-Led Momentum4. Snorter: A Meme Coin With Community-Led Momentum

    Although it carries the usual meme coin energy, Snorter is attempting to build sustainability by putting decisions in the hands of its holders. Its crypto presale pitch is simple: fun, fairness, and functionality, all powered by an active community. For risk-tolerant investors who enjoy meme culture but want more than pump-and-dump cycles, Snorter offers a balanced play.

    Final Thoughts: Picking the Right Crypto Presale in 2025

    Choosing a crypto presale now means thinking beyond hype and into what builds long-term trust. BlockDAG leads the field by completing a CertiK audit before launching on any exchange, a move that adds credibility and sets the stage for regulatory readiness. SUBBD targets creators with a blockchain twist on social identity, Solaxy connects tokens to real infrastructure, and Snorter mixes meme energy with real community control.

    For those asking where to put their money before the next bull run, crypto presales like these are worth serious consideration. But BlockDAG’s audited security, $289M backing, and presale momentum make it the clear front-runner in 2025’s early investment race.

    Final Thoughts: Picking the Right Crypto Presale in 2025Final Thoughts: Picking the Right Crypto Presale in 2025



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    DOGE to the Moon Plan: 5 Hot Dogecoin Cloud Mining Sites to Maximize Your Profit

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    DOGE to the Moon Plan: 5 Hot Dogecoin Cloud Mining Sites to Maximize Your Profit


    In 2025, Dogecoin cloud mining is emerging as a favorite option for crypto investors. According to CoinDesk, despite market ups and downs, Dogecoin remains strong and is expected to break new price records soon. This makes 2025 a key year to start mining DOGE without the hassle of owning hardware. Cloud mining platforms now use AI and green energy to offer easy, reliable ways to earn daily profits in Dogecoin. Whether you are new or experienced, choosing the right cloud mining site can help you ride the DOGE wave to the moon this year.

    Why Dogecoin Cloud Mining is Taking Over the Crypto World in 2025

    Dogecoin cloud mining is growing fast in 2025. More people want easy ways to earn crypto without buying expensive hardware. Dogecoin is gaining popularity thanks to its active community and quick transaction speeds. It recently climbed back into the standout cryptocurrencies by market cap. Cloud mining allows anyone, including beginners, to start mining easily without needing technical expertise. Platforms like FioBit lead this space with AI-powered mining and eco-friendly operations. They offer stable daily payouts and simple setups. This blend of technology, popularity, and simplicity is what’s driving the current boom in Dogecoin cloud mining.

    DOGE Mining Platforms Face-Off: Features, Profits & Perks

    PlatformUnique FeatureContract OptionsPayout CurrencyRegulationSupportFioBitAI + Green Energy1–7 daysDOGE, BTC, ETH✅ US & AU24/7 Live ChatNiceHashHashpower MarketplaceFlexibleBTC (convertible)❌Ticket-basedViaBTCMerged LTC + DOGEPool-basedDOGE + LTC✅Multi-lingualEMCDCommunity Profit SharingFPPS & PPS+DOGE + Altcoins❌24/7 TelegramBinanceExchange IntegrationDaily contractsDOGE + Spot Wallet✅ GlobalFull-suite support

    Emerging Dogecoin Cloud Mining Leaders to Keep an Eye on in 2025

    Explore the newest Dogecoin cloud mining platforms combining cutting-edge AI and sustainable energy solutions. These rising stars are set to reshape the mining landscape with innovative features and user-friendly access.

    1. FioBit: AI-Powered Dogecoin Mining Begins Here, With a Free $100 Credit from FioBit

    FioBit leads the Dogecoin cloud mining world with its smart AI engine. It uses renewable energy to ensure mining stays green and environmentally friendly. The platform adheres to strict international regulations to guarantee safety and trust. Plus, FioBit offers payouts not just in DOGE but also in other popular cryptocurrencies. This makes it a ideal choice for miners everywhere.

    FioBit’s Most Profitable Investment Plans for Every Budget

    Whether you’re starting with $100 or ready to invest $60,000, FioBit has a plan to fit your budget and goals.

    Starter Free Plan ($100) Perfect for beginners starting small, offering steady daily DOGE payouts with low risk.Growth Plan ($16800): For those ready to increase profits, it provides higher mining power and faster returns.Pro Plan ($32,000): Designed for serious miners, with premium features and better eco-friendly mining efficiency.Elite Plan ($60,000): The standout, offering maximum hash power, fastest payouts, and exclusive bonuses for big investors.

    From Sign-Up to Mining in 60 Seconds: FioBit’s Effortless Onboarding

    Getting started is hassle-free:

    Sign up with your email. Choose your investment plan. Make a secure payment. Start mining instantly and track earnings on your dashboard.

    2. NiceHash: The Marketplace Model

    NiceHash is a marketplace where you can rent or sell mining power without owning any hardware.

    This gives users the flexibility to switch between mining different cryptocurrencies anytime.With its sleek and intuitive design, the platform makes mining effortless for both first-time users and seasoned pros.NiceHash’s marketplace approach puts control in the hands of users, making it unique and flexible.

    3. ViaBTC: Pool Power for DOGE Miners

    ViaBTC is known for its strong mining pools that combine power from many users.

    It supports merged mining, which means you can mine Dogecoin and Litecoin at the same time without extra cost.Some think ViaBTC is only for large miners, but it welcomes miners of all sizes.Setup is straightforward, with helpful guides to get started quickly.ViaBTC is a solid choice for miners who want steady income through teamwork.

    4. EMCD: Mining with a Global Community

    EMCD focuses on building a global community of miners who share rewards fairly. Its rewards are distributed based on how much mining power each user contributes.

    The platform supports multiple payout options, including Dogecoin and other cryptocurrencies.24/7 customer support helps users with any questions or issues.EMCD runs active community forums where miners share tips and updates.This community-driven model builds trust and encourages long-term mining success.

    5. Binance: Mining Meets Mega Exchange

    Binance seamlessly blends cloud mining with the power and reach of its leading crypto exchange platform. This integration allows users to manage mining earnings and trade crypto all in one place.

    Binance ensures fast payouts and strong security, keeping users’ funds safe and accessible.Flexible mining contracts let users choose plans that fit their goals and budgets.For miners, Binance offers convenience and reliability backed by one of the world’s largest crypto companies.It’s perfect for those who want to mine and trade without switching platforms.

    Choosing the Right Dogecoin Cloud Mining Platform: What to Look For

    Choosing the right Dogecoin cloud mining platform is key to success. Look for strong security to protect your investment. Profitability matters—check daily payouts and fees. Eco-friendliness is a growing factor as green energy reduces the impact. Flexible payout options let you manage earnings your way. Here’s the 2025 Checklist every smart investor uses:

    Secure and trusted platformHigh and stable returnsUser-friendly interfaceFlexible contract terms and payouts

    FioBit scores high on all these points, making it a leading choice in 2025.

    2025 Investment Strategies: Maximizing Your DOGE Mining Profits

    Choose your path based on your goals and budget:

    The Beginner: Start small with FioBit’s Starter Plan. Enjoy steady daily payouts and learn mining basics without risk. Use platforms like NiceHash for flexible options.The Growth Seeker: Invest more with FioBit’s Growth Plan to boost profits. Combine mining on ViaBTC for pooled power and steady rewards. Reinvest earnings to grow faster.The Power Miner: Go big with FioBit’s Elite Plan for maximum hash power and exclusive bonuses. Use Binance for easy crypto management and fast payouts. Diversify across platforms to maximize returns.

    Each path helps you earn more Dogecoin in 2025 with smart strategies.

    Dogecoin Mining FAQ (2025)

    Q: Is Dogecoin cloud mining still profitable in 2025?Yes, with platforms like FioBit offering $5,440/day ROI on premium plans, it remains one of the highest-yielding mining options.

    Q: Can I withdraw daily?Yes, most platforms allow daily withdrawals once minimum payout limits are met (FioBit minimum: $200).

    Q: Is Dogecoin cloud mining legal?Yes, FioBit is regulated in Australia and the US, making it legal in most jurisdictions.

    Q: Do I need mining hardware?No, cloud mining handles all hardware operations offsite you only need your phone or PC.

    Q: What fees should I be aware of?Beware of hidden maintenance fees on non-transparent platforms. FioBit discloses all costs up front.

    Q: How do platforms differ in features?QuantumCloud offers one-click mining; NiceHash is a hashpower marketplace; Bitdeer splits contracts into Classic and Accelerator types; Binance connects mining to an exchange account; EMCD focuses on community and reward sharing.

    Q: What risks should I know before investing? As with all crypto investments, beware of market volatility, regulatory changes, and phishing platforms. Stick with transparent, regulated services like FioBit.

    Why FioBit Is the Leader in Dogecoin Cloud Mining for 2025

    FioBit combines cutting-edge AI, compliance, eco-friendly energy, and short-term contracts to deliver maximum profit with minimum effort. With plans tailored for every investor type and unmatched daily returns, FioBit is the most efficient and trustworthy way to mine Dogecoin in 2025.

    Ready to mine DOGE with AI? Join FioBit today and get your $100 welcome bonus.



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    Kraken Review 2025: Is It a Safe and Legit Exchange?

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    Kraken Review 2025: Is It a Safe and Legit Exchange?


    Cryptocurrency has changed how people invest nowadays, and many crypto investors now use exchanges to buy, sell, and trade digital coins. But as there are so many crypto trading platforms available, it can be hard to know which one is safe, easy to use, and worth your time. You need a platform that protects your funds, offers fair fees, and gives you the tools you need to trade.

    This Kraken review will cover what it is and its trading features. You will also learn how Kraken works, how to open an account, how to deposit or withdraw money, and how trading is done. It will also explain Kraken’s safety, fees, and how it compares to other crypto exchanges.

    Kraken

    Kraken At a Glance

    NameKraken (Legal name: Payward, Inc.)Founded2011HeadquartersSan Francisco, CA, USACryptocurrencies402+Products and FeaturesStaking, margin trading, futures trading, Kraken Pro, Kraken Wallet, Kraken+, and Education hubFiat CurrenciesUSD, EUR, CAD, and many othersTrading Fees (Instant Buy)3% for instant conversion to cryptoKraken Pro Fees0.25% maker and 0.4% takerPayment MethodsFedWire, SWIFT, SEPA, Etana Custody, SEN, Synapse, ACH transfers, and crypto deposits like Bitcoin or Ethereum.Security FeaturesCold storage (95%), 2FA, Global Settings Lock, SSL/TLS, biometric lock, PoR data, and moreStakingUp to 17% APY on 25+ assets (flexible/bonded staking)Margin TradingUp to 5x leverage on 100+ pairsCustomer Support24/7 via live chat, email, phone

    What Is Kraken?

    What Is Kraken?What Is Kraken?

    Kraken is one of the best crypto exchanges in the USA, founded in 2011 by Jesse Powell. It is headquartered in San Francisco, California, and operates as Payward, Inc. The platform is one of the oldest and most trusted in the crypto industry, serving over 15 million clients across 190 countries. You can buy, sell, and trade more than 402 cryptocurrencies using several fiat currencies like USD, EUR, and CAD.

    The platform is user-friendly for beginners and advanced traders alike. You can start trading with as little as $10, and Kraken’s mobile apps for iOS and Android make it easy to manage your portfolio. Kraken Pro is designed for experienced traders who offer advanced tools like margin trading with up to 5x leverage, futures trading, and low-latency APIs for high-volume trades. You can also stake your assets to earn up to 17% annual rewards.

    Kraken is available in most U.S. states, except Maine, New York, and Washington, and also has a strong presence in Europe with licenses in Ireland, Italy, and Spain. You can access 24/7 customer support via live chat or email, and Kraken’s Learn Center offers educational resources to help you understand crypto. Now, the exchange is expanding beyond crypto and launching commission-free trading for over 11,000 U.S. stocks and ETFs.

    Pros 

    Highly secure, storing 95% of funds in offline cold walletsSupports over 380 cryptocurrencies and many fiat currencies for tradingStake assets to earn up to 17% annual rewards on supported coinsKraken Pro offers advanced tools like margin and futures trading for professionalsThe exchange provides 24/7 customer support via live chat and emailKraken is regulated, holding a Wyoming SPDI charter and European licenses

    Cons

    Kraken is unavailable in New York and Washington due to regulatory restrictionsFaced a $30 million SEC settlement in 2023 for compliance issuesLeverage trading is not available for U.S. tradersYou may experience occasional delays in withdrawals during high market volatility

    Kraken Exchange Key Features

    Staking

    Kraken supports staking for 25 digital assets, including popular cryptocurrencies like Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA). You can earn up to 17% annual percentage yield (APY) on certain assets, though reward rates vary and depend on the cryptocurrency and network conditions. 

    Kraken provides two crypto staking options: flexible staking, where you can unstake anytime, and bonded staking, which locks assets for a set period but often yields higher rewards.

    You can also activate the auto-earn feature to generate passive income from your idle assets. They remain flexible, meaning you can withdraw, trade, or use them as collateral anytime. The platform also offers slashing insurance for U.S. clients in eligible states, covering potential losses from validator errors.

    StakingStaking

    Education

    Kraken provides concise, in-depth articles and videos meant to simplify complex crypto concepts. You can learn about topics such as how Bitcoin works, blockchain, and trading.

    The trading platform includes comprehensive subjects for advanced and beginner learners. You’ll find information regarding wallet security, market trends, and decentralized finances (DeFi). Kraken also breaks technical jargon down, like hashing or smart contracts, into comprehensible terms. The information on the site gets updated regularly in accordance with fresh crypto updates. Kraken’s Education section is home to over 100 tutorials and articles written.

    Kraken App

    Kraken offers two apps: Kraken and Kraken Pro. They are both available on iOS and Android and downloadable from the Apple App Store or Google Play. You can sign up, verify your account, and fund it directly in the apps using fiat currencies like USD, EUR, or CAD via bank transfers, credit cards, or Apple Pay.

    The Kraken app is best for new users because it has a highly user-friendly interface. You can monitor your portfolio, observe price charts, and schedule recurring purchases for dollar-cost averaging. Kraken Pro is usually designed for experienced traders. It offers features such as margin trading, limit orders, and staking. The Kraken mobile app also allows you to stake your crypto assets in 37 U.S. states.

    Kraken’s apps have never been compromised, and the exchange has had a robust security record since 2011. Still, some users experience occasional transfer delays, and customer support is slow. The apps also offer access to Kraken’s Education hub, which includes free guides and videos on crypto fundamentals.

    Kraken AppKraken App

    Kraken Pro

    Kraken Pro is the advanced trading platform version of Kraken, and it is designed mainly for experienced traders seeking sophisticated tools. The platform is accessible via the web, and a dedicated mobile app for iOS and Android that offers low fees, real-time market data, and a customizable interface.

    Kraken Pro provides margin trading with up to 5x leverage and supports advanced order types like stop-loss, take-profit, and limit orders. The platform features detailed charting, technical indicators, and live order books for precise market analysis. Kraken Pro also supports API integration for automated trading strategies.

    Kraken ProKraken Pro

    Kraken Margin Trading

    Kraken is one of the best crypto margin trading exchanges. Kraken offers margin trading that allows you to trade with borrowed funds and enables eligible clients to leverage up to 5x. It supports margin trading for over 100 pairs, including crypto-to-crypto (e.g., BTC/ETH) and fiat-to-crypto (e.g., BTC/USD). You must hold collateral currencies (e.g., USD, BTC) in your Kraken account, with margin pools available in different cryptocurrencies and fiat currencies.

    The platform provides risk management tools like margin call warnings (at 80% margin level) and liquidations (at 40%) to prevent negative balances. If your position’s value drops significantly, Kraken may liquidate it to recover funds, prioritizing first-in, first-out (FIFO) orders. You can manage positions via Kraken Pro’s advanced order types (e.g., stop-loss, limit) and real-time charting.

    Kraken Futures Trading

    Kraken has a futures trading portal to trade crypto contracts with up to 50x leverage. You can go long (bet on price increases) or short (bet on price decreases), settling contracts in USDT or crypto. Kraken also offers advanced trading order types to manage risks:

    TP/SL (Take Profit/Stop Loss): Kraken Pro’s TP/SL orders let you set profit targets and loss limits simultaneously when opening a futures position.Iceberg: Iceberg orders break large trades into smaller, hidden limit orders to minimize market impact. You specify the total volume and visible portion, with Kraken executing discreetly to avoid price slippage.Trailing Stop: Trailing stop orders dynamically adjust the stop price as the asset’s price moves favorably, locking in profits. You set a trailing offset (percentage or amount), and the order triggers a market or limit sell when the price retraces by that offset.

    Kraken+ Subscription

    Kraken offers Kraken+ for $4.99 per month or $49.99 annually, with the first month free for new subscribers. You can access Kraken+ through the Kraken app or website, but it’s only available for the standard Kraken platform, not Kraken Pro. 

    The subscription provides zero trading fees on up to $10,000 in monthly trades, covering buy, sell, convert, and recurring purchase transactions using account balance, card, Apple Pay, Google Pay, or online banking. However, spread and card processing fees still apply. Kraken+ also boosts rewards for holding USDG (Global Dollar), offering up to 4% APR compared to the standard 2% APR, with no staking or lockups required.

    Kraken+ SubscriptionKraken+ Subscription

    Kraken Wallet

    Kraken Wallet is a self-custodial, open-source DeFi wallet for managing digital assets. The wallet is available on iOS and Android and supports over 1,000 cryptocurrencies and NFTs across different blockchains, including Bitcoin, Ethereum, Solana, and Polygon.

    The wallet integrates with DeFi protocols via WalletConnect, enables cross-chain token swaps, and offers portfolio tracking for tokens, NFTs, and DeFi positions. Kraken Wallet’s code is audited by Trail of Bits, and it is now publicly available on GitHub, enhancing transparency. 

    The wallet collects no personal data, prioritizing privacy, and requires no Kraken account, making it accessible to all. You can also easily transfer assets seamlessly between the wallet and Kraken’s exchange using the Kraken Connect feature.

    KrakenKraken

    Kraken Fees

    Kraken charges trading fees for buying, selling, or converting cryptocurrencies. The standard platform’s Instant Buy feature has a 3% fee for most cryptocurrencies and a lower fee for stablecoins like USDT or USDC when purchased with USD. If you use a credit card or digital wallet, an additional 3.75% + $ 0.25 applies. Bank account purchases also incur a 0.5% fee.

    Deposit Fees: Deposit fees vary by method and currency. Kraken charges no fees for most crypto deposits, but fiat deposits like USD via ACH cost $0.50-$5, depending on the provider. EUR SEPA deposits are free for Intermediate/Pro accounts, but other methods, like SWIFT, cost $4-$35.Withdrawal Fees: Withdrawal fees depend on the asset. Crypto withdrawals have fixed fees, such as 0.00002 BTC for Bitcoin or 0.0005 ETH for Ethereum. Fiat withdrawal fee depends on the withdrawal method.

    Kraken Pro Pricing

    Kraken Pro uses a maker-taker model based on your 30-day trading volume. Maker fees, for orders adding liquidity, range from 0.25% (up to $10,000) to 0.00% (over $10 million). Taker fees, for orders removing liquidity, range from 0.40% (up to $10,000) to 0.10% (over $10 million). Stablecoin and forex pairs have a flat 0.20% maker and taker fee.

    30-Day Trading Volume (USD)Maker FeeTaker Fee$0 and above0.25%0.40%$10,000 and above0.20%0.35%$50,000 and above0.14%0.24%$100,000 and above0.12%0.22%$250,000 and above0.10%0.20%$500,000 and above0.08%0.18%Margin Trading Fees: Margin trading fees apply to leveraged positions. Kraken charges 0.02% to open a margin trade and 0.02% every four hours as a rollover fee. For example, a $10,000 BTC/USD position incurs a $2 opening fee and $12 daily if held for 24 hours.Futures Trading Fees: Single-collateral futures charge 0.02% (maker) and 0.05% (taker), while multi-collateral futures charge 0.015% (maker) and 0.04% (taker). A 0.0003% hourly funding rate applies to perpetual futures, and non-USD collateral conversions incur fees.

    Kraken’s fees are transparent, with no hidden charges for account creation or maintenance. You can lower costs by using Kraken Pro, trading higher volumes, or choosing cost-effective funding methods.

    Kraken Security: Is It Really Safe to Use?

    Yes, Kraken is safe to use with advanced security measures such as cold storage, two-factor authentication, Global Settings Lock, Master Key, encrypted data transmission, biometric authentication, 24/7 security monitoring, and proof of reserves audits.

    Cold Storage for Assets:

    It stores 95% of Kraken user funds in offline cold storage, disconnected from the internet to prevent hacking. These funds are held in geographically distributed, secure vaults with 24/7 monitoring. You benefit from this because even if Kraken’s online systems are targeted, most assets remain safe. The exchange also uses air-gapped devices, as this ensures no network exposure.

    Two-Factor Authentication (2FA):

    Kraken requires 2FA for account access, withdrawals, and sensitive actions. You set up 2FA using apps like Google Authenticator or YubiKey, generating unique codes for each login.

    Global Settings Lock (GSL):

    The Global Settings Lock freezes critical account settings, such as password changes or withdrawal addresses, for a set period. You activate GSL to block hackers from altering your account, even if they gain access. It requires a waiting period to unlock, giving you time to detect suspicious activity.

    Master Key for Recovery:

    Kraken offers a Master Key, a unique code separate from your password, to regain account access if you lose 2FA or login credentials. You store this key offline to ensure only you can use it. This measure prevents permanent lockouts while keeping security tight.

    Encrypted Data Transmission:

    Kraken uses SSL/TLS encryption to secure all data transmitted between your device and their servers.

    Biometric Authentication for Apps:

    Kraken’s mobile apps (Kraken and Kraken Pro) support biometric login, such as fingerprint or face recognition.

    24/7 Security Monitoring:

    Kraken employs a dedicated security team that monitors systems around the clock for suspicious activity. They use advanced tools to detect and block threats like phishing or DDoS attacks in real time.

    Proof of Reserves Audits:

    Kraken conducts regular proof of reserves audits to verify that client funds are fully backed and not misused. Independent auditors confirm that Kraken holds 100% of customer assets.

    Kraken Regulatory Issues with the SEC

    Kraken has faced several regulatory issues with the U.S. Securities and Exchange Commission (SEC). The platform has been targeted for operating without proper registrations and other compliance concerns.

    Case 1. Staking Program Settlement

    The SEC charged Kraken’s subsidiaries, Payward Ventures, Inc., and Payward Trading Ltd., for failing to register their crypto staking-as-a-service program. The SEC claimed that since 2019, Kraken offered staking services to U.S. clients, promising up to 21% annual returns without proper securities registration. Kraken settled the charges, agreeing to:

    Pay $30 million in disgorgement, prejudgment interest, and civil penalties.Immediately stop offering staking services to U.S. clients.Automatically unstake all U.S. client assets, except Ethereum (ETH), which was unstaked after the Shanghai upgrade. This settlement ended Kraken’s U.S. staking program temporarily, but the platform continued staking for non-U.S. clients.

    Case 2. Unregistered Securities Exchange Lawsuit

    The SEC sued Kraken, alleging it operated as an unregistered securities exchange, broker, dealer, and clearing agency since 2018. The SEC claimed Kraken earned hundreds of millions of dollars by facilitating trades of 11 crypto assets deemed securities, such as Algorand (ALGO) and Polygon (MATIC).

    However, the SEC agreed to dismiss its lawsuit against Kraken in March 2025, with no penalties or admission of wrongdoing by Kraken. The dismissal was “with prejudice,” meaning the SEC cannot refile the case.

    Cryptocurrencies Available on Kraken

    Supporting 402 spot trading pairs, allowing you to buy, sell, or trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others against fiat currencies (USD, EUR) or other cryptos. Kraken also provides over 300 futures contracts.

    Kraken Exchange Platform Design and Usability

    This well-designed platform balances simplicity and advanced functionality. The platform offers two interfaces: Kraken for beginners and Kraken Pro for experienced traders.

    Kraken’s standard interface is clean and intuitive, letting you buy, sell, or convert over 402 cryptocurrencies with a few clicks, ideal for new users. Kraken Pro provides advanced charting, eight order types like limit and iceberg, and real-time market data, catering to professionals.

    Both platforms are accessible via web and mobile apps (iOS and Android), featuring seamless navigation and customizable layouts. You can track portfolios, set price alerts, and trade on the go, with apps praised for their sleek design.

    Kraken’s desktop app also supports technical analysis with robust tools, while mobile apps ensure fast performance. Many online Kraken reviews call it “fantastic” for usability. Kraken’s App Switcher lets you toggle between interfaces effortlessly, enhancing the user experience.

    Kraken Customer Support

    Kraken is also best for its exceptional customer support, as it offers 24/7/365 assistance through live chat, email, and phone support. Kraken’s Support Center hosts hundreds of articles covering account setup, trading, and troubleshooting, empowering you to resolve issues independently.

    For personalized help, Kraken’s team, based in the US, UK, and Europe, responds quickly, often within 24 hours. You can easily trust Kraken’s support to handle funding, trading, or security concerns efficiently, backed by a proven track record since 2011.

    How to Open a Kraken Account?

    Step 1: Go to the Kraken Website and Sign Up

    Visit kraken.com. You will notice a “Sign Up” button on the top right side. Click on it. Now you will have to provide your email address, select a username, and make a secure password. Once you enter the information, click “Create Account”. Kraken will send you an email to confirm. Open the email and click the link or paste the code to activate your account.

    Step 1: Go to the Kraken Website and Sign UpStep 1: Go to the Kraken Website and Sign Up

    Step 2: Get Verified (KYC)

    Once you log in, you will be asked to verify your identity. This is necessary before you can deposit or trade. Under your account, go to the verification section. Select a verification level such as Starter, Intermediate, or Pro. Each of these has varying trading limits. 

    For the majority of individuals, Intermediate is sufficient. You will be required to upload a photo ID, address proof, and possibly a selfie. Send the documents and wait for the approval, which may take between a few minutes to hours.

    Step 2: Get Verified (KYC)Step 2: Get Verified (KYC)

    Step 3: Add Funds to Your Kraken Account

    After confirming, you can fund. Click on the “Deposit” button. Select the currency you wish to fund, such as USD or EUR. Select the funding method, e.g., bank transfer or crypto transfer. Kraken will provide you with steps for the method you have selected. Read them very carefully. Once you send the money, it will take a while to reflect in your Kraken account. You can also deposit crypto from your external wallet to the Kraken exchange wallet.

    Step 3: Add Funds to Your Kraken AccountStep 3: Add Funds to Your Kraken Account

    Step 4: Visit the Trade Section

    Once funds are available, go to the “Trade” tab at the top. There will be straightforward trading options. Select the coin you wish to purchase and the currency you prefer. For instance, if you wish to purchase Bitcoin using USD, choose the BTC/USD pair. Insert the amount you wish to purchase. Select “Market” order if you prefer to purchase right away. Press “Buy” to finalize the trade.

    You can use Kraken Pro if you prefer more tools, charts, and order types. Open pro.kraken.com and log in using your Kraken account. The Pro layout provides more control but may seem overwhelming. You may use it if you are familiar with advanced options.

    Step 4: Visit the Trade SectionStep 4: Visit the Trade Section

    Deposits and Withdrawals at Kraken

    Kraken supports many popular deposit and withdrawal methods. Some common options include SWIFT, FedWire, SEPA, Etana Custody, Silvergate Exchange Network (SEN), Synapse, Plaid, domestic wire transfer, ACH transfer, and crypto transfers. These methods depend on your location and account verification level. 

    How to Deposit into Your Kraken Account?

    Log in to Kraken: Visit kraken.com and log in to your account. On the dashboard, click on the “Deposit” button at the top of the page. Alternatively, you can access the deposit page by clicking on the “Transfer” tab on the left-hand menu.Search and Select Currency: In the deposit area, you will find a search bar. Enter the name or code of the currency that you would like to deposit, for example, USD. Click on the currency when it appears in the list.Enter the Amount and Select the Provider: Once you have chosen the currency, enter the amount you wish to deposit. Next, select your desired payment provider from the dropdown list. If there is only one choice available, it will be automatically selected, and you can proceed.Make a Payment from Your Bank: Open your mobile banking app or web portal. Use the bank details furnished by Kraken to make the deposit. Copy the bank account number, bank name, and reference code as displayed. This will deposit your money into your Kraken account in the right manner.Review Fees and Processing Time: It’s essential to check the deposit options for fees, the minimum deposit amounts, and the estimated processing time before sending the payment. All this information is found on the same deposit page. It assists in planning the transfer and informs you when the money will appear in your Kraken account.

    Final Thoughts On Kraken Exchange Review

    To sum up the Kraken review, it is a trusted and reliable cryptocurrency exchange that offers a secure and user-friendly platform for trading, staking, and managing digital assets. The platform supports over 402 spot trading pairs and 300+ futures contracts, and you benefit from low fees with Kraken Pro. 

    Kraken’s robust security measures, like cold storage, two-factor authentication, and 24/7 monitoring, ensure your funds are safe, with no hacks reported since 2011. The exchange provides intuitive interfaces, mobile apps, and a comprehensive Education hub to help you learn about crypto.

    KrakenKraken

    FAQs

    Can Kraken be trusted?

    Yes, you can trust Kraken as a reliable cryptocurrency exchange. The company started in 2011 and has built a strong name for being safe and secure. Kraken keeps most user funds in offline cold storage and uses two-factor authentication to protect accounts. 

    They also perform regular audits to stay transparent. Although Kraken settled with the SEC in 2023 over staking services, the platform remains committed to following regulations. These steps help make Kraken a secure place for trading and holding digital assets.

    Is Kraken better than Binance?

    Kraken focuses on safety and clear regulations, which suits users who want a trusted platform. It offers strong security tools and a simple interface. 

    Binance has more coins and advanced features like trading bots, options trading, launchpad, and more for experienced users, but it has faced many regulatory issues in different countries. If you want more features and coins, you might prefer Binance. If you care more about compliance and safety, then Kraken could be a better option for you.

    For more details, read our in-depth Binance vs Kraken comparison.

    Is Kraken better than Coinbase?

    Kraken and Coinbase both provide good services, but one may suit you more based on your goals. Kraken charges lower trading fees and offers more cryptocurrencies, which helps active traders. It also gives you more advanced tools for trading. Coinbase works better for beginners who want an easy way to buy and sell crypto. It has a very clean and simple layout, but its fees are higher than Kraken’s.

    Does Kraken report to the IRS?

    Yes, Kraken may report certain user activity to the IRS. As a company based in the United States, Kraken follows tax laws. It may share details about trades and transactions with the IRS, and also send tax forms to users when needed. If you use Kraken and live in the US, you should keep records of your crypto activity.

    Which countries use Kraken?

    People in 190+ countries use Kraken for crypto trading. Kraken operates in the US, Canada, the UK, Australia, France, and Germany. It also holds licenses in countries like Ireland, Italy, and Spain. These licenses help Kraken offer more services across Europe.



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    Polymarket Partners with X, Sees Surge in Trading Volume Despite User Drop

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    Polymarket Partners with X, Sees Surge in Trading Volume Despite User Drop


    A Strategic Leap for Prediction Markets

    In a bold move to integrate decentralized prediction markets with mainstream social media, X has announced a strategic partnership with Polymarket, naming it the platform’s official prediction market partner. The collaboration signals a significant leap in the fusion of blockchain-based forecasting tools and online discourse, potentially reshaping how users interact with real-world events in real time.

    Polymarket, built on a decentralized protocol, enables users to speculate on the outcomes of events ranging from political elections to sports, tech launches, and global affairs using crypto assets. The platform has gained prominence for its accuracy and real-time sentiment tracking capabilities, often rivaling traditional polling and forecasting methods.

    The partnership with X is expected to enhance the visibility of prediction markets by integrating them into trending conversations, potentially allowing users to view, engage with, and even bet on outcomes directly from X’s interface. Details on how this integration will function technically or whether it will be limited to select geographies have yet to be disclosed.

    “Polymarket brings a powerful mechanism to measure real-time consensus on events that matter,” said a spokesperson from X. “This partnership will allow our users to engage more dynamically with current events, offering a new layer of insight and participation.”

    Read more: What is Polymarket? How Does Polymarket Work?

    Strong Volume Amid User Activity Drop

    Despite recent fluctuations in user activity, Polymarket recorded a robust $1.103 billion in trading volume during May 2025 – its fourth consecutive monthly increase. However, this figure still trails its December 2024 peak of $2.577 billion. Active trader numbers declined to 277,700 in May, marking the fourth straight month of contraction, even as the platform onboarded 145,700 new users.

    Strong Volume Amid User Activity Drop

    Source: Dune

    Open interest on Polymarket, which had soared to $512 million during the 2024 U.S. election cycle, has dropped significantly to approximately $100 million. Analysts attribute this decline to a lull in headline-grabbing global events, though the new partnership with X may reinvigorate market activity.

    Crypto and prediction market communities have responded with cautious optimism. While many view the X-Polymarket alliance as a validation of decentralized forecasting, concerns remain around regulatory scrutiny, especially in jurisdictions where crypto-based betting is restricted.



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