How to Buy Crypto on LBank

How to Buy Crypto on LBank with a Credit/Debit Card

1. After logging in, select [Buy Crypto] - [Credit/Debit Card] from the LBank account menu.

2. Enter the amount in the “I Want to Spend" and select the crypto that you wanted to buy under the "I Want to Buy" field. Then choose “Payment Method”, and click “Search”. In the list below, choose a third-party platform you want to trade, and click “Buy Now”.

3. Review the order details before clicking the [Confirm] button.

4. Complete the details to pass the Identity Verification (KYC) on the third-party platform. Once successfully verified, the service provider will immediately transfer and exchange the cryptocurrencies in your LBank account.

5. This is where you can see the order details.

How to Buy Crypto on LBank with Bank Transfer

Deposit Guide

How can I purchase cryptocurrency using funds from my bank account is one of the most commonly asked questions.

It’s simple! As an illustration, send money from Bank of America.

Select the “Transfer” menu, then click “Using Someone’s Account Number At another bank”.

Add a recipient

If this is the first time you are sending the funds to us, you need to add Legend Trading Inc. as a recipient. This is a one-time effort. You won’t need to do this again in the future.

Enter the correct information below, which you can also find on our OTC deposit page anytime.

• Account Name: Legend Trading Inc.
• Account Address: 960 San Antonio Road, Suite 200, Palo Alto, CA 94303, United States
• Account Number: 1503983881
• Routing Number: 026013576
• Bank Name: Signature Bank
• Bank address: 565 Fifth Avenue New York NY 10017, USA
• SWIFT code: SIGNUS33XXX (Only use it if your bank is outside of the U.S.)

The same details mentioned above are available at any time on our OTC deposit page.

Let’s go back to the bank page, it should look like this after you entered the account information -

Enter [email protected] or [email protected] in the Email text field, although it’s optional.

Now that you have added the recipient successfully, you can send money, i.e., make a deposit to your OTC account.

You can send money now that the receiver has been added successfully.

1. Check out the OTC “Deposit” Page and find your own reference code.

This code is unique for each user, use your own code!

2. Enter the code in the “Description” or “Additional information” field on your transfer page.

ACH vs Wire Transfer

When sending money to us, you have several choices. The option for wire transfers is the quickest, thus we strongly advise using it. The funds can typically be received on the same day.

Reference Code

To recognize the sender of each deposit 100% correctly, we ask that each user enters this reference code. Again, this code is unique for each user, use your own code!

If you don’t worry, email finance@legendtrading and we’ll locate the transfer for you. Whenever you contact our Finance staff, please include a screenshot of your bank transfer information.

Minimum Transfer Amount

Feel free to send any amount you want. However, there’s a minimum trade limit of $500 at our OTC service, so if your deposit amount was less than $500, you won’t be able to trade, although you can see it from your OTC balance. We’d suggest that you deposit more than $505, or you may not be able to execute a trade although you have a USD balance.

Once your funds arrive in our bank account, we’ll update your OTC account balance accordingly. Check the OTC page, you’ll see your USD balance appear at the bottom right.

Congratulations! You are all set to buy crypto!

Please don’t hesitate to email us if you require any additional help with the bank, ACH/Wire transfers, or if you believe it has taken too long: [email protected]

 

Frequently Asked Questions (FAQ)

LBank Supports 149 Fiats to Buy Currencies

LBank currently supports the following fiat channels, payment methods, cryptocurrencies, and currencies that can be purchased. The details are as follows:

Fiat Channel：

Mercuryo, Banxa, Xanpool, Simplex, Coinify, Paxful, Moonpay

Payment Methods:

Visa, MasterCard, Apple Pay, Bank Transfer, iDEAL, SEPA, Sofort, Interac e-Transfer, Australia Post, PayID, Newsagent, Google Pay, Credit Card, Debit Card, PayPal, PayNow, FPS, Prompt Pay, InstaPay, QuickPay, Viettel Pay, DuitNow, UPI, GoJek

Supported crypto:

BTC, ETH, USDT

Supported currencies: (total 149 countries or regions)

AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BZD, CAD, CDF, CHF, CLF, CLP, COP, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LKR, LRD, LSL, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MRU, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RWF, SAR, SBD, SCR, SEK, SGD, SHP, SLL, SRD, STD, STN, SVC, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW, ZWL

Is the fiat transaction function handled by LBank?

No. LBank does not directly process fiat currency deposits. All fiat transactions are processed 100% by our Buy Crypto partners.

What kind of payment methods are accepted?

Electronic fund transfers, Visa/Mastercard credit, debit cards, and cash deposits (limited to certain areas).

For more details, please refer to the providers’ respective websites.

Will there be any transaction fees if I purchase crypto via Buy Crypto?

Most service providers charge transaction fees for crypto purchases. Please check the official website of the respective service provider for the actual fee.

Why is the final price quote from the service provider different from the quote I saw on LBank?

The prices quoted on LBank are derived from prices provided by third-party service providers and are for reference only. They may differ from the final quotes due to market movement or rounding errors. Please refer to the respective service provider’s official website for accurate quotes.

When will I receive the cryptocurrency I purchased?

The cryptocurrency is usually deposited into your LBank account between 2 to 30 minutes after purchase. It may take longer, however, depending on blockchain network conditions and the service level of the particular service provider. For new users, cryptocurrency deposits may take up to one day.