The Bitcoin exchange LakeBTC was established in 2013 in Shanghai, China. It is a sister concern of Lake Investments Limited and the company spreading its business in different continents like Europe, North America and Asia. The trading platform of LakeBTC only deals in Bitcoins and no other cryptocurrencies as of now.
The verification process of LakeBTC is quite strict as the users not only need to follow the usual steps, but also some additional verification methods. Government identity cards are mandatory along with the authenticated cell phone number. LakeBTC accepts several fiat currencies like CNY, EUR, USD, AUD etc. However, the customers must remember that they can make transactions in fiat currencies only on the account that registered in a particular fiat currency. Though they cannot make any transaction, they can trade on all the other currencies as well.
The LakeBTC website has an easy to use interface that is not overly crowded with designs. There are two trading interfaces; one is for the standard trading and another for the advanced traders. Also the website supported in mobile devices as well keeping in mind about the users on the go. Though the website is a bit slow, it’s pretty quick to respond.
Details of trading:
LakeBTC offers to keep the new customers protected by limiting the order of their purchase. Darkpool feature also available so that the large traders can place invisible order.
A decent technical support is provided by the company where there is a voice support for the Mandarin speaking people and an emailing feature for the international customers.
LakeBTC takes the user through two step authentication process to keep the dealings safe. Most of the stored amount kept in the cold storage. Another it can only be accessed with one time password generated through SMS.
- Quick and efficient deposits and withdrawals of Bitcoins
- Deals in multiple fiat currencies
- Provides great security
- Affordable fees
- Some improvements necessary for the website
- Needs to be more competitive to capture the market
LakeBTC affiliate program:
You have to visit the website and fill up the form to become an affiliate partner of LakeBTC. Though there is no one time commission available, the lifetime revenue share can be as much as 30% which pays for the loss of one time commission. The affiliate partner also can receive a referral commission up to 10%. Even if no purchases made, the affiliate partner still gets the referral commission. Also the validity of a referral is one year.
LakeBTC has to change the trading method and offer more options with the purpose of stepping up in the market of Bitcoin exchange. At the current moment, only small amounts of Bitcoins can be traded that needs to be changed to grow the business further. The customer feedback is positive and LakeBTC is doing well as a cryptocurrency exchange.
LakeBTC Affiliate Review
They certainly need to expand their currency base if they ever want to compete with the big dogs out there. But they seem to be a great and safe place to trade in smaller volumes with what they have to offer. Everyone is always very concerned with dealing with a scam company, and from all of our research these guys are the real deal so you can trade with ease.