In this guide, we will show you exactly which countries are restricted and banned from using LBank.
LBank is a non-KYC crypto exchange with over 5 million users. Some countries and areas are not supported on the platform.
Some countries that are restricted from LBank include the United Kingdom, Singapore, Iran, China, and more.
Read on to learn more about LBank-restricted countries and their limitations.
LBank Restricted Countries
Below, you will find a list of LBank-restricted countries as of 2024, according to the official LBank Terms of Service stated in their notice in section 4.
- Mainland China
- United States
- Iran
- Iraq
- Syria
- Sudan
- North Korea
- Cuba
Does LBank Require KYC?
No, LBank doesn’t require KYC verification. You can deposit, trade, and withdraw on LBank without having to verify your identity. However, without KYC verification, you can not make credit/debit card purchases on LBank.
If you still want to verify your LBank identity, you must submit the following details:
- ID, Passport, or Driver’s License
- Facial Recognition (Selfie)
After you have successfully completed the LBank KYC verification process, you will have full access to the crypto exchange.
Is LBank regulated and licensed?
No, LBank is not a regulated or licensed crypto exchange. They don’t comply with global KYC and AML guidelines.
While LBank has obtained a Money Service Business (MSB) license in the US and Canada, these licenses don’t mean much and hold no value when it comes to offering a secure and reliable crypto trading platform
Is LBank available in the United States?
No, LBank is not available in the United States. If you are a US citizen, you can’t use LBank at all. LBank requires KYC, so you can’t even register with a VPN.
Because the United States is restricted from using LBank, US crypto traders should consider top LBank alternatives such as Kraken or Coinbase.
Is LBank available in Canada?
Yes, LBank is available in Canada. Canadian citizens can use LBank to deposit, trade, and withdraw cryptocurrencies.
Is LBank available in the United Kingdom?
Yes, LBank is available in the United Kingdom. UK citizens can use LBank to deposit, trade, and withdraw cryptocurrencies.
Can I Use LBank with a VPN?
Yes, LBank can be used with a VPN. However, you can only use a VPN if you are a citizen of an LBank-supported country. If you are a citizen in one of LBank’s restricted jurisdictions, you can not use the exchange, even with a VPN.
Users from restricted countries can not verify their identity on LBank and, therefore, cannot use any of its services legally. Using LBank with a VPN while being a resident of a restricted country can lead to legal issues.
