Michael Abetz
Cryptocurrency exchange LBank offer an easy to unlock $255 crypto sign up bonus – $200 is earned by staking, and $15 just by depositing.
The remaining $40 is slightly more challenging – accumulating over $1,000 in spot trading volume and $500 in grid trading.
LBank’s Crypto Sign Up Bonus
This crypto sign up bonus is considerably higher than e.g. Coinbase which pays out a $10 bonus – with the same condition as above, buying cryptocurrency worth $100 or more.
On LBank new sign ups earn $5 (in USDT or Bitcoin) for that then a $10 bonus just for opening a futures account in a few clicks – unlike Coinbase LBank offers both normal spot trading and margin trading on leverage.
The grid trading strategy is then similar to the in-house bot on Huobi exchange – and is just an automated way of trading with the backtested 7 day yield displayed. That system outperforms most human traders so hitting $500 in trading volume using that is low risk. The reward for that is $20 (as a USDT cashback card).
Another 20 USDT cashback voucher is earned for $1,000 in spot trading volume – which will be challenging for some traders on a budget to hit. There are 30 days available to hit that target however.
The most interesting part of the LBank sign up bonus though is the $200 for taking part in the LBank Earn program – to earn the $200 bonus investors simply need to allocate 200 USDT or more into one of the staking coins, for 30 days. The interest earned (yield) can also be kept.
LBank Staking APY
The compound interest (annual percentage yield) LBank offers is:
- Bitcoin (BTC) – 4.0234%
- Ethereum (ETH) – the same as Bitcoin
- Tether (USDT) – 6.0957%
- USD Coin (USDC) – the same as Tether
- Binance USD (BUSD) – 3.0029%
- Filecoin (FIL) – 10.3642%
- Terra (LUNA) – 10.3642%
- Cardano (ADA) – 3.8185%
- Polkadot (DOT) – 8.2088%
- Binance Coin (BNB) 4.5377%
Alongside many other crypto assets – almost 150 staking coins are supported at LBank, including some lesser known altcoins.
The terms and conditions appear to simply be to pick one, invest a minimum of $200 and hold it for 30 days, to unlock the $200 bonus plus the APY.
Some of the best altcoins we’ve reviewed on this site, Lucky Block and Tamadoge, are either already on LBank or have an upcoming listing.
Related
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- Lucky Block Lists LBLOCK V2 on LBank Exchange
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This article was written for Business 2 Community by Michael Abetz.
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