LakeBTC (lakebtc.com) REVIEW, TRADING VOLUME AND PAIRS
LakeBTC trading platform was founded in Shanghai (China) in 2013, and today its daily trading volume is about 10 million dollars. At the time of writing the review, the official website lakebtc.com is translated into English, Japanese, Swedish, French, and Spanish languages. Although only Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash are traded on the platform, it is quite popular since it works with fiat currencies such as the US Dollar, the Japanese Yen, the Euro, the Canadian Dollar, the British Pound, the Australian Dollar, the Singapore Dollar, and the Swiss Franc. This platform stands out among competitors.
To start trading on lakebtc.com, you need to go through the registration procedure and specify your email address, full name, and password data. The verification procedure is not mandatory here if you plan to use only cryptocurrencies. But if you want to deposit/withdraw fiat money, you will need to pass the verification procedure. To do this, you should confirm your personal data by providing scanned copies of documents, confirming your identity. Besides, you have to take a selfie with a document in your hands.
It is much more profitable to deposit in BTC or XRP since no commission is charged for this. As for other currencies, there are small fees. At the same time, the trading commission for a market-taker is 0.2%, and for a market-maker, it ranges from 0 to 0.15% of the transaction amount. The logic is simple: the greater the investment amount, the less the commission fee.
Features of the project
lakebtc.com platform is known for its wide range of tools for technical analysis. Here you can also find interesting innovations, among which is the possibility to work with your own scripts and create indicators. Such know-how may seem unuseful; however, it will be of great interest to professional traders.
This website can also be used as an exchanger. One can buy/sell coins instantly at the present market price. However, if you want to conduct a transaction on your terms, use the form for opening orders, which is available in the trading cabinet but only if you register and log in to your account.
Experienced traders can use the Dark Pool function. The bottom line is that an experienced investor can hide his/her order from the public register, thereby offsetting its impact on the quotes. It is worth noting that the commission is higher than average, and the minimum transaction amount is 50 BTC.
Among the positive aspects of the project we can highlight:
• Secure Bitcoin Core wallet;
• Affiliate Program with three referrals' levels;
• A wide range of tools for technical analysis;
• Relatively small trading commission;
• A lot of ways to deposit/withdraw funds;
• For safety sake, coins are stored on cold wallets.
We can also mention two significant disadvantages of the exchange: Judging by user reviews, the work of the support service is poor. The website freezes out from time to time, which is very inconvenient if you are actively trading.
LakeBTC is a popular exchange, which also has its "pros". No question arises about the security level, and as for the commissions, they are quite low. We believe that this exchange will draw the attention of professional traders, as well as investors that are ready to invest large sums. It is for this category of customers that the service offers many useful tools. Newcomers will not find anything special here and may as well register on any other larger platform from the TOP 20.