LBank just kicked off what they’re calling the “0 Spot Fees Carnival,” and it’s pretty straightforward—zero trading fees on all spot pairs, plus a 100% deposit bonus for futures accounts. The Singapore-based exchange is basically eating the cost of trading fees and turning those savings into rewards for users.
Here’s how it works: every spot trade during the campaign is completely free, whether you’re a maker or taker. No catches, no minimum volume requirements. The fees LBank would normally collect get pooled daily and distributed back to participants. On top of that, users who deposit into their futures accounts can claim a 100% bonus—so if you put in $1,000, you get another $1,000 to trade with.
It’s not the most complicated promotion ever designed, which is probably the point. Register, log in, start trading. The zero fees apply automatically, and you grab the deposit bonus from the event page. Done.
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Why Zero Fees Actually Matter
Trading fees add up faster than most people realize. If you’re actively trading, even a 0.1% fee structure eats into profits pretty quickly. A few trades a day over a month, and you’re looking at real money just disappearing into exchange fees. LBank eliminating that cost entirely—even temporarily—means traders can focus on actual market moves instead of calculating whether a trade is worth the fee hit.
Eric He, who presumably holds some leadership role at LBank though the announcement doesn’t specify, framed it this way: “Through the ‘0 Spot Fees Carnival,’ we have lowered trading barriers and increased user rewards. True innovation does not lie in the technology itself, but in how it empowers every participant.”
That second part sounds a bit philosophical for a fee promotion, but the underlying point is valid. Crypto exchanges have gotten really good at building fast matching engines and fancy trading interfaces. What actually matters to users is whether they can trade profitably without fees chewing up their gains.
LBank’s Recent Push
This isn’t LBank’s first big rewards campaign. They recently dropped $100 million on a promotion tied to becoming the Regional Sponsor of the Argentina National Team—which is a very crypto move, honestly. Attach yourself to something globally recognizable, throw money at users, get attention. Last month they celebrated their 10th anniversary with another round of bonuses and giveaways.
The exchange has been around since 2015, which makes them one of the older platforms still operating. They claim over 20 million registered users across 160 countries and daily trading volume north of $10.5 billion. Those numbers are hard to independently verify, but LBank does show up consistently in volume rankings, so they’re at least doing real business.
One thing they highlight—and it’s worth noting—is “10 years of safety with zero security incidents.” In an industry where exchanges get hacked, freeze withdrawals, or implode with alarming regularity, a clean security record over a decade actually means something. Whether that streak continues is another question, but so far they haven’t had a Mt. Gox moment.
The 100x Gems Angle
LBank positions itself as “the ultimate 100x Gems Hub,” which is marketing speak for “we list a lot of low-cap altcoins that might explode.” They claim to have listed over 300 mainstream coins and more than 50 “high-potential gems,” with users seeing average returns over 130% on newly listed assets.
Take those numbers with a massive grain of salt. Average returns get skewed heavily by a few massive winners, and they conveniently don’t mention how many listings went to zero or bled out slowly. Every exchange with an altcoin focus touts their success stories while the failures quietly disappear from the narrative.
That said, LBank does list coins fast. If you’re the type of trader who wants early access to new projects before they hit Binance or Coinbase, LBank’s been aggressive about getting tokens listed quickly. Whether that’s a feature or a bug depends on your risk tolerance and ability to separate legitimate projects from outright scams.
Is This Campaign Worth It?
If you’re already trading on LBank or considering it, zero fees and a 100% deposit bonus are objectively better than paying fees and getting no bonus. The math isn’t complicated—you save money on every trade and get extra capital to work with.
The real question is how long the promotion runs and what the fine print looks like on that deposit bonus. Futures bonuses usually come with trading volume requirements or time-based restrictions before you can withdraw. The announcement doesn’t spell out those details, which means reading the actual terms before depositing anything substantial.
LBank’s track record suggests they’re not going to suddenly vanish with user funds, but they’re also not Coinbase or Kraken in terms of regulatory clarity and institutional backing. They operate in that middle tier of exchanges—big enough to have real liquidity, established enough to have a reputation, but not quite at the level where governments and major institutions fully trust them yet.
For active traders looking to maximize returns while minimizing costs, the zero-fee period is probably worth exploring. Just don’t confuse a promotional campaign with a permanent business model. Exchanges need revenue to operate, and once this carnival ends, the fees will come back. Enjoy the savings while they last.