LBank, LBK Blockchain Co., Limited, Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands, and the User jointly confirm:

When a User clicks the “Agree to Register” button on the LBank registration page, completes the registration process, and obtains an LBank account and password, it is deemed that the User and LBank have reached this User Agreement (hereinafter referred to as “this Agreement”), as well as all agreements made by the User to access and use the trading services provided by LBank at lbank.com.

Both LBank and the User have carefully read all the terms of this User Agreement, as well as the contents of the Disclaimer and Privacy Policy published by LBank. Both parties are fully aware of, understand, and accept the terms of this Agreement, the aforementioned Disclaimer, and Privacy Policy, and agree to use them as the basis for determining the rights and obligations of both parties. The LBank Disclaimer and Privacy Policy are integral parts of this Agreement, and acceptance of this Agreement by the User is deemed as acceptance of the entire contents of the LBank Disclaimer and Privacy Policy. The contents of this Agreement include the main text and all rules, statements, and instructions that have been or may be published by LBank in the future. All rules, statements, and instructions are considered inseparable parts of this Agreement and have the same legal effect as the main text.

This Agreement does not cover legal relationships or disputes arising from digital asset transactions between LBank Users and other Users.

Friendly Reminder from LBank:
 Due to policies in certain countries, some jurisdictions have completely suspended token issuance and financing activities. If relevant policies or laws change, Users shall bear the risks associated with trading assets. We kindly ask prospective registered Users to carefully consider whether to register and use token trading services. We do not accept registrations or investments from individuals in the following countries or regions on this platform: Afghanistan, Antigua and Barbuda, Belarus, Burundi, Egypt, Central African Republic, Mainland China, Hong Kong SAR, Macau SAR, Crimea, Cuba, Democratic Republic of the Congo, Donetsk, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Luhansk, Mali, North Korea, Russia, Somalia, South Sudan, Sudan and Darfur, Syria, United States, Venezuela, Yemen, Ukraine, Kazakhstan. Due to the policies or laws of your country, your assets on this platform may be difficult to protect, and you shall bear the responsibility for the security of your traded assets.

 

I. Definitions

  • “LBank”: Refers to the digital asset trading platform operated and managed by LBK Exchange, with the domain name lbank.com. LBK Exchange provides a network trading platform service for digital asset players, such as Bitcoin, through this platform. In this Agreement, “LBank” refers to both the network trading platform lbank.com and LBK Exchange.

  • “User”: Refers to a registered member of LBank who accepts and agrees to all terms of this Agreement and other legal terms and operational rules published or updated by LBank, and conducts digital currency transactions through LBank.

  • “User Registration”: Refers to the process whereby a User logs into LBank, fills in the required information as requested, and confirms agreement to abide by the relevant User Agreement.

  • “Digital Asset Transaction”: Refers to digital asset trading activities conducted by Users through the LBank network.

  • “Recharge Funds”: Refers to the digital assets pre-deposited by Users into the LBank platform for purchasing or selling digital assets such as Bitcoin.

  • “Transaction Fees”: Refers to the service fees paid by Users to LBank for digital asset transactions completed on the LBank platform.

 

II. User Registration

  1. Registration Eligibility
     The User warrants that they have full civil rights and capacity to act, or, if lacking full civil rights and capacity, by clicking the “Agree to Register” button, it is deemed that the registration and use of LBank services are conducted with the consent and on behalf of their legal guardian.

  2. Purpose of Registration
     The User warrants that their registration is not for the purpose of violating laws or regulations or disrupting the order of digital asset transactions on LBank.

  3. Registration Process
     The User agrees to provide a valid email address and other required information as per the requirements of the LBank registration page, and to set up an LBank account and password. The User shall ensure the authenticity, completeness, and accuracy of all provided information.
     Upon providing the required registration information legally, completely, and validly, the User is entitled to obtain an LBank account and password, which are used for member login on LBank.
     Upon obtaining an LBank account and password, the User’s registration is deemed successful, and the User agrees to receive emails or text messages sent by LBank related to the management and operation of the LBank website.
     After successful registration, the User shall provide their real identity number for real-name verification when conducting digital asset transactions.

 

III. User Access Restrictions

LBank complies with all sanctions issued by the U.S. government and general international sanctions. Your use of LBank services and website must comply with international export controls and economic sanctions requirements. By sending, receiving, purchasing, selling, trading, or storing digital currencies through the LBank website, app, or other service platforms, you agree to comply with these requirements. You are not permitted to acquire digital currencies or use any LBank services through the LBank platform in the following cases:

  • You are located in, under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, Syria, or any other country/region subject to U.S. embargoes, United Nations sanctions, or financial sanctions by the EU or UK Treasury (each a “Sanctioned Country”), or you are a person listed on economic sanctions lists issued by relevant authorities (including but not limited to the Office of Financial Sanctions Implementation of the UK Treasury, the U.S. Department of Commerce’s Denied Persons List, Unverified List, or Entity List, or the EU financial sanctions regime) (a “Sanctioned Person”); or

  • You intend to provide any acquired or stored digital currencies or LBank services to Sanctioned Countries (or their nationals or residents) or Sanctioned Persons.

  • LBank does not provide services to personal accounts of residents of the United States or Mainland China, entities located in the United States or Mainland China, or companies established or resident in the United States or Mainland China.
     Before using any services provided by LBank, you warrant that you do not fall under any of the above categories.

 

IV. Service Content

LBank provides network trading platform services for Users to conduct digital asset trading activities through LBank.

  1. Service Agreement

    • Users are entitled to view real-time market and trading information for digital assets on LBank and to submit trading instructions to complete digital asset transactions.

    • Users are entitled to view information under their LBank member account and use the functions provided by LBank for operations.

    • Users are entitled to participate in website activities organized by LBank in accordance with the published activity rules.

    • LBank commits to providing other services to Users.

  2. Service Rules
     The User undertakes to comply with the following LBank service rules:

    • Users shall comply with laws, regulations, normative documents, and policy requirements, ensuring the legality of the source of all digital assets in their accounts. Users shall not engage in illegal activities or other activities that harm the rights and interests of LBank or third parties through LBank or by using LBank services, such as sending or receiving information that is illegal, irregular, violates public order and morals, or infringes on the legitimate rights and interests of the state, society, or individuals; sending or receiving pyramid scheme materials, materials that endanger national security, disclose state secrets, or other harmful information or statements; or using or forging LBank email header information without authorization.

    • Users shall comply with laws and regulations, properly use and safeguard their LBank account, password, fund password, and the mobile phone number and email address bound during registration, as well as ensure the security of verification codes received via mobile phone or email. Users bear full responsibility for any operations and consequences resulting from the use of their LBank account, password, fund password, or verification codes. If a User discovers that their LBank account, password, fund password, or verification code has been used by an unauthorized third party or if there are other account security issues, they shall immediately notify LBank effectively and request the suspension of the LBank account’s services. LBank is obligated to take action within a reasonable time frame in response to such requests, but LBank shall not be liable for any losses incurred by the User before such actions are taken. Without LBank’s consent, Users shall not gift, lend, rent, transfer, or otherwise dispose of their LBank account to others, and Users shall bear the risks and consequences arising from such actions.

    • Users shall comply with the User Agreement and other service terms and operational rules published or updated by LBank from time to time.

 

V. Trading Rules

  1. Browsing Transaction Information
     When browsing digital asset transaction information on LBank, Users shall carefully read all contents included in the transaction information, including but not limited to the price of digital assets, order volume, transaction fees, and buy or sell direction. Users may proceed with the transaction by clicking the button only after fully accepting all contents of the transaction information.

  2. Submitting Orders
     After confirming that the transaction information is correct, Users may submit a trading order. By submitting a trading order, the User authorizes LBank to act as their agent to perform the corresponding transaction matching. When a transaction meets the User’s order price, LBank will automatically complete the matching transaction without prior notification to the User.

  3. Viewing Transaction Details
     Users can view their corresponding transaction records in the trading details section of the management center to confirm their detailed transaction records.

  4. Revoking/Modifying Orders
     Users have the right to revoke or modify an order at any time before the transaction is completed.

 

VI. User Rights

  1. Users have the right to choose whether to become an LBank member. If a User chooses to become a registered LBank User, they may create and modify their nickname independently. The naming and use of usernames and nicknames shall comply with relevant laws and regulations and align with online ethics, and shall not infringe or be suspected of infringing on the legitimate rights and interests of others. Any legal responsibilities and consequences arising therefrom shall be borne by the User, and LBank shall not be responsible for any review obligations or liabilities.

  2. Users have the right to access the digital asset trading platform services provided by LBank in accordance with this Agreement.

  3. Users have the right to modify editable information in their personal accounts, choose their nickname, and input introductory text, as well as decide whether to provide non-mandatory content.

  4. Users have the right to participate in online and offline activities organized by LBank.

  5. Users have the right to enjoy other services provided by LBank in accordance with the website’s regulations.

  6. Users have the right to terminate the use of LBank services at any time.

  7. Users have the right to withdraw their digital asset balance on LBank at any time, subject to payment of the corresponding withdrawal fees to LBank.

  8. Users have the right to participate in the LBank community and publish articles and opinions that comply with national laws and LBank community rules.

 

VII. User Obligations

  1. Users are responsible for the authenticity, validity, and security of the personal information provided during registration.

  2. Users shall not maliciously register LBank website accounts through any means, including but not limited to registering multiple accounts for profit, speculation, cashing out, or winning prizes. Users shall also not steal other Users’ accounts.

  3. When conducting digital asset transactions on LBank, Users shall not maliciously interfere with the normal conduct of transactions or disrupt the trading order.

  4. Users shall not interfere with the normal operation of LBank or other Users’ use of LBank services through any technical means or other methods.

  5. If a User is involved in litigation with other Users due to online transactions, they shall not request LBank to provide relevant information through judicial or administrative channels.

  6. Users are prohibited from using LBank in any form as a venue, platform, or medium for engaging in illegal activities. Without LBank’s authorization or permission, Users shall not use LBank’s name for any commercial activities or use LBank as a venue, platform, or medium for commercial activities in any form.

  7. All information published by Users on LBank in any form shall comply with relevant national laws, regulations, and website rules, align with social order and morals, and not infringe on the legitimate rights and interests of any third party. Users shall bear all legal consequences arising therefrom, and LBank has the right to seek compensation from Users for any losses incurred by LBank as a result.

  8. If a User violates the above provisions, LBank has the right to take all necessary measures, including but not limited to deleting content posted by the User, canceling the User’s stars, honors, and virtual wealth on the website, suspending or seizing the User’s account, canceling benefits obtained through violations, and pursuing legal liability through litigation.

 

VIII. Intellectual Property

  1. All intellectual property results contained in LBank, including but not limited to the website logo, database, website design, text and graphics, software, photos, videos, music, sounds, and combinations thereof, software compilations, related source code, and software (including applets and scripts), are owned by LBank. Users shall not copy, modify, reproduce, send, or use any of the aforementioned materials or content for commercial purposes.

  2. All rights contained in the LBank name (including but not limited to goodwill, trademarks, and logos) are owned by LBK Exchange.

  3. Any authorized browsing, copying, printing, or dissemination of information content on the LBank platform website shall not be used for commercial purposes, and the use of all information content or any part thereof must include this copyright statement.

  4. By accepting this Agreement, Users are deemed to have proactively and exclusively transferred the copyright of any form of information published on LBank, including but not limited to reproduction rights, distribution rights, rental rights, exhibition rights, performance rights, screening rights, broadcasting rights, information network dissemination rights, filming rights, adaptation rights, translation rights, compilation rights, and other transferable rights enjoyed by the copyright owner, to LBank free of charge. LBank has the right to independently initiate lawsuits against any infringing party and obtain full compensation.

  5. Users shall not illegally use or dispose of the intellectual property rights of LBank or others during the use of LBank services. Users shall not publish or authorize other websites (or media) to use information already published on LBank in any form. If such actions cause losses to the LBank website, LBank reserves the right to seek compensation from the User.

 

IX. Special Statement

  1. To the extent permitted by law, under no circumstances shall LBank be liable for failure or delay in providing services or for any losses suffered by Users due to information network equipment maintenance, network connection failures, computer, communication, or other system failures, power outages, strikes, labor disputes, riots, uprisings, disturbances, insufficient productivity or production materials, fires, floods, storms, explosions, wars, government actions, orders from judicial or administrative authorities, other force majeure events, or third-party inaction.

  2. To maintain its good reputation in the market and comply with the unique regulatory requirements of certain jurisdictions, LBank has decided not to provide services to customers from the following countries or regions: Afghanistan, Antigua and Barbuda, Belarus, Burundi, Egypt, Central African Republic, Mainland China, Hong Kong SAR, Macau SAR, Crimea, Cuba, Democratic Republic of the Congo, Donetsk, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Luhansk, Mali, North Korea, Russia, Somalia, South Sudan, Sudan and Darfur, Syria, United States, Venezuela, Yemen.

 

X. Agreement Modification and Termination

  1. Agreement Modification
     LBank reserves the right to modify the contents of this Agreement or other service terms and operational rules published by LBank at any time. Upon modification, LBank will post a notice in a prominent position on the LBank website, and the changes will take effect from the time of the announcement. If a User continues to use LBank services, it is deemed that the User agrees to the modified content. If a User does not agree with the modified content, they have the right to cancel their LBank account and cease using LBank services.

  2. Agreement Termination
     LBank has the right to cancel a User’s LBank account in accordance with this Agreement, and this Agreement shall terminate on the date of account cancellation.
     LBank has the right to terminate all LBank services in accordance with this Agreement, and this Agreement shall terminate on the date all LBank services are terminated.
     After the termination of this Agreement, Users have no right to request LBank to continue providing any services or fulfilling any other obligations, including but not limited to requesting LBank to retain or disclose any information in their original LBank account or to forward any unread or unsent information to the User or a third party.
     The termination of this Agreement does not affect the right of the non-breaching party to pursue liability from the breaching party.

 

XI. Privacy Policy

  1. Scope of Application

    • Personal registration information provided by Users as required by LBank when registering an LBank account or payment account, including but not limited to identity information.

    • Server data automatically received and recorded by LBank when Users use LBank services or visit LBank webpages, including but not limited to IP addresses and webpage access records.

    • Transaction-related data collected by LBank from Users conducting transactions on LBank, including but not limited to bidding and purchasing records.

    • Other User personal information obtained by LBank through legal means.

  2. Information Use
     Without the User’s prior consent, LBank will not sell or lend User personal information to anyone. LBank also does not allow any third party to collect, edit, sell, or disseminate User personal information by any means.

  3. Information Protection
     LBank shall keep User identity information and transaction information confidential and shall not provide such information to any entity or individual, except as otherwise provided by laws and regulations.

 

XII. Anti-Money Laundering

LBank complies with and enforces the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and relevant international anti-money laundering regulations, implementing user identification, user identity information and transaction record retention systems, and reporting systems for large or suspicious transactions.

When registering, reporting a lost transaction password, or fund password, Users shall provide and upload a copy of their identity document, and LBank shall verify and compare the provided identity information. If LBank has reasonable grounds to suspect that a User has registered with false identity information, LBank has the right to refuse registration or cancel an already registered account.

LBank, in accordance with the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and other relevant regulations, retains records of large transactions and transactions suspected of money laundering and provides such records to regulatory authorities upon request.

LBank retains User identity information and records of large or suspicious transactions, assisting and cooperating with judicial and administrative law enforcement agencies in combating money laundering activities in accordance with laws and regulations, and assisting judicial authorities, customs, tax authorities, and other departments in querying, freezing, or deducting User deposits (including but not limited to cash and tokens) as required by law.

To ensure the security of User assets, the name of the remitter must match the name used for real-name verification.

 

XIII. Risk Warning

Given the associated risks, before engaging in such transactions, you should understand the nature of the transactions and the extent of the risks involved. You must carefully consider your investment experience, objectives, financial situation, and risk tolerance to determine whether such transactions are suitable for you before opening an account and starting trading.


Digital asset transactions carry extremely high risks. Users participating in digital asset transactions shall manage risks themselves, assess the investment value and risks of digital assets, and bear the economic risk of losing their entire investment.

This website does not guarantee the accuracy or applicability of market analysis, market commentary, or other content. LBank cannot control, endorse, or guarantee the accuracy or completeness of information or advice obtained or to be obtained by Users from introducers or other institutions or employees, and all risks arising therefrom shall be borne by the User and are unrelated to LBank.

When any law enforcement or judicial authority of any country or region requests LBank to assist in investigating a designated User or to take measures such as seizing, freezing, or transferring a User’s account, or when any third party presents investigation documents issued by such authorities or provides reasonable grounds and requests LBank to assist in investigating a designated User or to take measures such as seizing, freezing, or transferring a User’s account, or when LBank deems the situation serious and urgent, and failure to take corresponding measures may result in irreparable losses to LBank or its Users, LBank has the right to provide relevant User data or take measures such as seizing, freezing, or transferring accounts as requested by such authorities, third parties, or based on LBank’s reasonable judgment. LBank shall not be liable for any User privacy breaches, account inoperability, or losses caused to Users as a result.

If the trading of digital assets is suspended or prohibited due to the formulation or amendment of relevant laws, regulations, or normative documents, all economic losses arising therefrom shall be borne by the User.

 

XIV. Liability for Breach

Any violation of this Agreement by LBank or the User constitutes a breach, and the breaching party shall be liable to the non-breaching party for breach of contract.

If LBank suffers losses due to inaccurate, incomplete, or false information provided by the User, LBank has the right to demand compensation from the User for such losses.

If a User violates laws, regulations, or this Agreement and engages in illegal activities on LBank or through LBank services, LBank has the right to immediately terminate the provision of LBank services to the User, cancel their account, and demand compensation for any losses caused to LBank.

If a User interferes with LBank’s operations or other Users’ use of LBank through technical means, LBank has the right to immediately cancel the User’s LBank account and demand compensation for any losses caused to LBank.

If a User maliciously defames LBank’s reputation by fabricating facts or other means, LBank has the right to demand a public apology from the User, compensation for losses caused to LBank, and the termination of LBank services to the User.

 

 

XV. Severability

If any provision of this Agreement is deemed illegal, invalid, or unenforceable for any reason, such provision shall be considered severable and shall not affect the legal validity of any other provisions.

 

 

XVI. Dispute Resolution

Any disputes arising from or related to this Agreement between the User and LBank shall be resolved through friendly negotiation. If negotiation fails, both parties have the right to file a lawsuit with the People’s Court at the location of the LBank website.

 

 

XVII. Effective Date and Interpretation of the Agreement

This Agreement takes effect when the User clicks the “Agree to Register” button on the LBank registration page, completes the registration process, and obtains an LBank account and password. It is binding on both LBank and the User.