What you need to know about LakeBTC

LakeBTC Review

Being founded in China in 2013, the cryptocurrency exchange LakeBTC, is also known as Lake Investments Limited. It acquired this name during the registration on a British Virgin island. The abbreviation BTC in the name of the platform stands for Banking Technology Company. It has long entered the number of the most well-known cryptocurrency trading sites in China. The advantage of LakeBTC exchange is that it accepts users from all over the world. Only customers from the state of New York can’t use the site as special license is needed for it.

The site was suspended once after it posited inaccurate data in 2015, but all mistakes were eventually removed.

Choose LakeBTC to sell the crypto. LakeBanker is a project launched by the company giving people the opportunity to sell virtual currencies locally. This is, actually, a cross-platform application that works in the browser. LakeBanker made sale more convenient. With time, the token named BAC was released within the frames of this project.

LakeBTC coinmarketcap ranking shows the 50th place of the platform in the amount of daily trade. High liquidity is mainly provided by good selection of virtual coins. LakeBTC currency list include about 20 tradable fiats such as USD, EUR, CAD, JPY and many others.

LakeBTC withdrawal options meet users requirements. At least, LakeBTC reviews assure us in it.In addition to wire transfer, the site offers popular payment systems such as PayPal, Western Union, Scrill etc. It’s a pity that there is no bank card support in LakeBTC.

There are 3 kinds of account available at the site. The type of account depends upon the level of verification. The trading fee depends upon the volume of trading. Depositing of digital currencies is free. In general, the fees are lower than the average fees in crypto industry.

LakeBTC supports the wallet, but it is recommended not to use it for storage despite 2-step verification, SSL security system, notifications and SMS confirmations. Ideally, all assets should be kept in cold storage.

Advanced users take advantage of numerous features such as trading API, algorithm trading and special interface in addition to the standard one. Advanced interface provides different view upon the options offered in the system. There is simpler interface for novices. Some exchange platforms are developed with care about beginning users. The examples are Leoxchange and Urdubit.

Cryptocurrency exchange was created on html5. This means it is easily adjusted to the screen of mobile devices once you enter the system. Therefore, there is no official application developed for mobile users. Nevertheless, the trading platform is mobile-friendly due to the modern technologies involved.

Despite the fact, the platform is criticized for being slow in comparison with competing exchanges.

If you face problems, contact LakeBTC support via email, phone, instant message or even social networks. It is available in many languages, even Mandarin Chinese. Read an extensive FAQ section before you apply to customer support.

You can always find more about LakeBTC at Bitcointalk. More experienced users will share their impressions of the exchange use. They are ready to advise you how to trade on Coingi, Bitsaa and Bitmaszyna.