With its headquarters in Shanghai, China, LakeBTC is an online digital currency exchange that offers access to the global digital currency markets. The Exchange is among the ‘Big Four Bitcoin Exchanges’ that determine the Coindesk Bitcoin Price Index (BPI). They offer Bitcoin, Ethereum, Bitcoin Cash, Ripple, and other digital currencies for online trading using an intuitive trading platform known as the LakeTrader. Traders benefit from a selection of useful trading and learning tools. The Exchange offers multiple trading account types with a required minimum deposit of $50 whilst charging a 0.2% commission on trades.
LakeBTC Review Introduction
In this LakeBTC review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including LakeBTC.
LakeBTC Platforms & Tools
Traders can trade several cryptocurrencies using the LakeTrader, a web-based trading platform that is designed with a user-friendly interface and offers an identical user experience irrespective of the device. The platform is loaded with multiple professional trading tools for a hitch-free trading experience, and it features a myriad of advanced trading capabilities, including live data, pro charting, one-click trading functionality, and more.
In addition to the tools that are built into the provided trading platform, traders also benefit from some standalone trading tools, such as the Trade API that ensures seamless access to the cryptocurrency markets.
LakeBTC Research & Education
The Exchange provides clients with a vast array of learning materials to improve their trading knowledge and get them informed on the factors that move the markets. The resources on the Exchange’s website include news, interviews, trading articles, and an FAQ section that provide answers to some of the most common questions that traders may have.
LakeBTC Trading Accounts
The following trading account options are available to LakeBTC’s clients: Unverified, Individual, and Corporate accounts. The accounts require a minimum deposit of $50 and are tailored to meet the trading needs of traders. A commission fee of 0.2% is charged on trades.
LakeBTC Account Funding
LakeBTC accepts the following payment methods for both account deposits and withdrawals: bank wire, Western Union, MoneyGram, cash, and various online payment processors, including Neteller, PayPal, and Skrill.
Some payment methods may not be available in certain countries, and the various payment methods have different processing times.
LakeBTC Customer Service
LakeBTC provides traders with a dedicated client support team that is on hand to provide answers to their general, technical, and account-related inquiries. The support team can be reached through email.
There is no regulatory information on the Exchange’s website at the moment. Some traders would not trade with an unregulated exchange as they cannot offer the same protection to investors that a regulated exchange can.
LakeBTC Review Summary
LakeBTC is a cryptocurrency exchange that has been in operation since 2013, providing top security, high liquidity, and competitive trading services to traders. Traders can trade a wide variety of digital assets using the LakeTrader platform, which is available in the web version. There is a range of trading and learning tools, whilst a client support team that is on hand to assist traders. There are multiple account options and payment methods for clients to choose from. However, there is no regulatory information on the exchange’s website at the moment.
It is worth mentioning that some of the trading products and services in this LakeBTC review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the LakeBTC broker website which you can visit by using the link below.
Digital assets trading involves significant risk. Prices may fluctuate due to the volatile nature of digital assets. large variations in digital assets can render them worthless in a short and unexpected period of time. There is an inherent risk that losses will occur as a result of digital exchanges. Digital assets also present risks that are generally not shared with official currencies or goods or commodities in a market.