The Benefits of LBank's VIP Program: A Quiet Advantage for Trading

With low transaction costs being critical for trading success in today's competitive Crypto Exchange Market, LBank VIP program will be advantageous for traders seeking both efficiency and reward. Through this programmed structure, users can attain premium features without advertising their activity. Users can reach more advantageous levels through either asset holdings or increased trade volume; thereby reducing fees and/or accessing exclusive options that will make the trading experience more seamless and profitable. These gains can be achieved through a "strategic" method of holding LBK Tokens or increasing trade volume.

Understanding the Tier Structure of LBank’s VIP Program

The VIP Program is categorised by seven tiers (VIP1–VIP6 and Supreme VIP, or VIP7) which reset daily at the same time (10:00 UTC + 8). There is a major difference in how each tier is evaluated as there are three separate categories used to calculate your tier status—30-Day Spot Trading Volume (Highest value), 30-Day Derivative Trading Volume (Highest Value) and Average Daily Asset Balance (Highest Protection Over The Past 30 Days). Each user will only be rated on the highest value achieved across the three separate categories, allowing you to achieve your tier without needing to have high-volume performance in all three trading areas.

As a new user, there is an easy way for you to get started; once you create an account and perform an on-chain deposit and/or a peer-to-peer (P2P) trade worth a minimum of 5,000 USDT, you will automatically be granted a 15-day trial to experience being a VIP1. During this trial period, you are encouraged to take advantage of all VIP1 privileges; you can continue to hold on to your trial status, but the only requirement is that you have to continue engaging in the LBank ecosystem after your trial period is over; your trial status will not permit you to continue to experience the benefits of being a VIP1, but you will instead receive the benefits of being a VIP0.

Once you have established your VIP Tier status after your 15-day VIP1 trial, moving up the VIP tiers (VIP1 to VIP7) is simply a matter of demonstrating continual engagement (which does not have to come from all three trading areas); instead, you will always have a one-time only 30-Day Protection Buffer per tier to help protect you from a decrease in tier status. The only exception to the 30-Day Protection Buffer is with regard to the tier increase that comes from a common asset balance analysis.

How Traders Progress Through LBank’s VIP Levels

Succeeding through LBank’s VIP tiers doesn’t usually require showy performance – quite the opposite; it’s typically steady growth behind the scenes. While you can view exact thresholds in your account’s VIP Zone, in general there are three primary factors that determine your VIP level:

Your Trading Volume

The total value of your 30-day spot purchases and sales (in USDT) or your total value of derivatives positions (the nominal value of where you open and close) – the higher the volume, the higher your trading level, therefore, encouraging active trader behaviour.

Your Asset Balance

This is calculated as an average of your total assets held in your LBank account (spot, derivatives, earnings, wallets) over the previous 30-day period, daily snapshot taken at midnight UTC+8. The advantage to holding LBK tokens is that it adds to your balance without requiring you to trade constantly.

As long as you satisfy any one of the three requirements you will qualify to ascend to the next tier, so you could potentially move up through the tiers “undetected”.

For example, buying and holding large amounts of LBK or other assets could help you move up the tiers with little or no action on your part. However, the asset only tiers do not include any of the safeguards so should only be used by stable holders.

An expedited option is available to anyone who has a history of trading in other exchanges and is typically two levels ahead of time. If this applies to you, simply provide LBank with proof of your previous trading history which will allow you to automatically move up two levels (to VIP7) and thereby expedite your climb.

Where the Real Value of LBank’s VIP Program Comes From

Trade rewards increase with each VIP level and may assist in enhancing your trading experience. The most substantial of these is the availability of lower fees. The more VIP levels you attain, the greater your opportunity to transform marginal trades into a winning experience.

Trading Fee Structure

Both Spot Trading Fees (for future) are progressively reduced based upon your VIP Level. For instance, at Supreme VIP7, for Derivatives (i.e., Futures), you will find a 0.00% maker and a 0.02% taker, thereby dramatically reducing the costs associated with high-frequency strategies. Your Spot Trading Fee will have extremely low rates that will allow you to retain more of the gains you generate from trading.

Enhanced Yield on Earnings Products

VIP members have exclusive access to savings accounts with a very high APR, and to Locked Products that may earn up to 25% interest on select crypto assets. Your idle crypto assets are earning you interest and complement your overall portfolio without any additional work.

Higher Limits and Priority Services

Expect higher withdrawal limits, faster turnaround times, and dedicated account managers for all of your accounts. This will result in a quicker turnaround time for answering questions and a smoother experience during peak trading times.

Exclusive Offers

In addition to all of the above, VIP members receive exclusive gifts, such as limited edition gifts (like holiday-themed boxes), invitations to premier events (such as global meetups) where you can connect with industry leaders, and opportunities (such as early access to airdrop) that are only available to VIPs. Future enhancements include negative fee rebates, dedicated advisors, and other benefits.

These tangible benefits do not just provide an increase in revenue for the trader; they also provide you with a unique opportunity to increase your level of income while building wealth.

How to Increase Your LBank VIP Rank Without Aggressive Trading

While LBank provides you with the ability to raise your VIP rank without competing in an aggressive environment, it is important to note that this is only possible by owning LBK Tokens to increase your overall asset holdings on their platform. This process allows you to decrease your fees as your total LBK holdings gets larger, without having to worry about the volatility of constantly moving assets in the marketplace. You may still increase your volume of trades, if that is the way you trade; however, the program is structured in a manner where consistency is valued over flashy volume.

When you use the VIP Zone to track your progress, you will have the opportunity to use a trial card to start your journey with minimal risk. Additionally, if you currently trade on another exchange, there are multiple ways to fast track your way to a VIP tier, using volume proof. There are many pitfalls to avoid, such as only relying on bonuses to reach volume, since bonuses are not included in the volume calculation. For a better chance of maintaining your tier without the risk of it expiring or losing your tier; aim to create a portfolio that is balanced across multiple cryptocurrency asset classes.

The Importance of Having a VIP Tier in the Current State of the Crypto Market

The current crypto marketplace is extremely competitive; therefore, LBank's VIP program has developed an efficient method of creating value for users. By quietly growing your asset base and/or smart trading, you will gain a competitive advantage through lower fees = greater net return & greater yield generating growth & access to exclusive opportunities that competitors are unable to offer.

Disclaimer: The content created by LBank Creators represents their personal perspectives. LBank does not endorse any content on this page. Readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.