12 Exchanges to Buy LSK

  • By Jan Breker in Research
  • 28 Jan 2020
  • 7 min read

Below we alphabetically list 12 major exchanges that offer the possibility to buy LSK. For each exchange, we added general information that has been retrieved from their website and various crypto news outlets. Information about the trade volume, number of coins and number of trading pairs were compiled from CoinGecko.com on the 21st of January 2020.

 

Binance

Binance, established in 2017, is a centralized cryptocurrency exchange from China and is now located in Malta. It is one of the biggest and most popular exchanges in the industry and usually has a 24-hour trading volume of around Ƀ100,000 from 184 coins and 600 trading pairs. The most active trading pair on Binance is BTC/USDT. Binance allows fiat transactions in over 20 currencies including EUR, GBP and USD.

Despite a hacking incident in May 2019 in which around 7000 BTC were stolen, Binance can be considered a safe option. In 2019, Binance launched Binance DEX which is a decentralized digital asset exchange and Binance.us for US traders with more than 20 coins.

Available Lisk trading pairs: LSK/BTC, LSK/ETH, LSK/BNB
https://www.binance.com/en

 

Bitbay

BitBay, established in 2014,  is a centralized cryptocurrency exchange located in Estonia. It usually has a 24-hour trading volume of around Ƀ2,000 from 6 coins and 21 trading pairs. The most active trading pair on BitBay is BTC/PLN. BitBay allows fiat transactions in EUR, PLN and USD.

Pinewood Estonia OÜ, the operator of BitBay, has obtained two licenses legitimizing it to operate the cryptocurrency exchange in Estonia.

Available Lisk trading pairs: LSK/BTC, LSK/EUR, LSK/PLN, LSK/USD
https://bitbay.net/en/

 

Bitflyer

Bitflyer, established in 2014, is a centralized cryptocurrency exchange from Japan. It usually has a 24-hour trading volume of around Ƀ5,000 from 6 coins and 6 trading pairs. The most active trading pair on Bitflyer is BTC/JPY. Bitflyer allows fiat transactions in JPY.

The exchange is regulated by both the Japanese Financial Services Agency (JFSA) and the New York Department of Financial Services (NYDFS). These regulations make Bitflyer one of the most trusted cryptocurrency exchanges and allow them to operate within the United States.

Available Lisk trading pairs: LSK/EUR, LSK/JPY, LSK/USD
https://bitflyer.com/en-jp/

 

Bitpanda

Bitpanda, established in 2014, is a centralized cryptocurrency exchange from Austria. It usually has a 24-hour trading volume of around Ƀ200 from 6 coins and 13 trading pairs. The most active trading pair on Bitpanda is BTC/EUR. Bitpanda allows fiat transactions in CHF, EUR, GBP, and USD.

Bitpanda is a leading retail exchange in Europe for cryptocurrency transactions involving buying and selling. It also includes a full wallet integration.

Available Lisk trading pairs: LSK/CHF, LSK/EUR, LSK/GBP, LSK/USD
https://www.bitpanda.com/en

 

Bittrex

Bittrex, established in 2013, is a centralized cryptocurrency exchange from the United States. It usually has a 24-hour trading volume of around Ƀ2,000 from 227 coins and 340 market pairs. The most active trading pair on Bittrex is BTC/USD. Bittrex allows fiat transactions in USD.

In 2019, Bittrex’s request for a virtual currency license was denied by New York financial regulators. US customers have fewer coins and tokens available to trade with.

Available Lisk trading pairs: LSK/BTC
https://bitflyer.com/en-jp/

 

Coincheck

Coincheck, established in 2012, is a centralized cryptocurrency exchange from Japan. It usually has a 24-hour trading volume of around Ƀ2,000 from 11 coins and 11 market pairs. The most active trading pair on Coincheck is BTC/JPY. Coincheck allows fiat transactions in JPY.

Coincheck offers the world’s first Lisk staking service which is also the first staking service in Japan. It was hacked in 2017 and around 500 million NEM tokens were stolen. Monex Group acquired it in 2018 and has improved its security significantly since then. It’s a member of several cryptocurrency and blockchain associations. Coincheck is licensed and registered with the Kanto Financial Bureau under the Japanese Payment Service Act.

Available Lisk trading pairs: LSK/JPY
https://coincheck.com/

 

Huobi

Huobi Global, established in 2013 in China, is a centralized cryptocurrency exchange. It is part of the Huobi Group which has trading offices and operational centers in Singapore, Japan, Hong Kong and South Korea. Huobi Global is currently headquartered in Singapore and the biggest and most popular one. It usually has a 24-hour trading volume of around Ƀ10,000 from 227 coins and 556 trading pairs. The most active trading pair on Huobi Global is BTC/USDT and it does not support fiat transactions.

In December 2019, their former US branch HBUS ceased operations after consistently low trading volume. Huobi plans on opening fiat gateways in Argentina and Turkey.

Available Lisk trading pairs: LSK/BTC, LSK/ETH
https://www.huobi.com/en-us/
https://www.huobi.co.kr/en-us/
 

Kraken

Kraken, established in 2011, is a centralized cryptocurrency exchange from the United States. It usually has a 24-hour trading volume of around Ƀ20,000 from 31 coins and 127 trading pairs. The most active trading pair on Kraken is BTC/USD. Kraken supports fiat transactions in CAD, EUR, JPY, and USD. Additionally, it is one of the oldest and largest bitcoin exchanges in the world and has several other offices outside the US.

Kraken is registered with FinCEN in the US as a Money Services Business (MSB). In April 2014, Kraken became one of the first bitcoin exchanges to be listed on the Bloomberg Terminal.

Available Lisk trading pairs: LSK/BTC, LSK/ETH, LSK/EUR, LSK/USD
https://www.kraken.com/

 

Kucoin

KuCoin, founded in 2017, is a centralized cryptocurrency exchange located in Singapore. It usually has a 24-hour trading volume of around Ƀ8,000 from 208 coins and 444 trading pairs. The most active trading pair on KuCoin is BTC/USDT. KuCoin does not support fiat transactions but offers services such as spot trading, margin trading, staking and many more.

KuCoin has its own coin, called Kucoin Shares (KCS), which decreases the trading fees of its holders. In 2018, Kucoin raised around $20 million in a Series A funding backed by IDG Capital, Matrix Partners and Neo Global Capital and organized partnerships to bring cryptocurrencies to the masses.

Available Lisk trading pairs: LSK/BTC, LSK/ETH
https://www.kucoin.com/

 

Okex

OKEx, established in 2013, is a centralized cryptocurrency exchange from China and belongs to OKcoin. OKEx has two branches: OKEx and OKEx Korea. OKEx usually has a 24-hour trading volume of around Ƀ8,000 from 152 coins and 377 trading pairs. The most active trading pair is BTC/USDT. OKEx does not support fiat transactions but provides digital asset-based futures with multiple leverage choices. Additional products include a wallet, vault and a blockchain explorer.

Available Lisk trading pairs: LSK/BTC, LSK/USDT
https://www.okex.com/
https://okex.co.kr/

 

Poloniex

Poloniex, established in 2014, is a centralized cryptocurrency exchange located in the United States. It usually has a 24-hour trading volume of around Ƀ10,000 from 44 coins and 91 trading pairs. The most active trading pair on Poloniex is BTC/USDT. Poloniex does not allow fiat transactions. 

In 2014, Poloniex was hacked and about 97 BTC were stolen. Four years later, Poloniex was acquired by Circle, a Goldman Sachs backed peer-to-peer payments technology company. Poloniex holds a full Digital Assets Business Act license in Bermuda. 

Available Lisk trading pairs: LSK/BTC, LSK/USDT (LSK is disabled for US traders)
https://poloniex.com/

 

Upbit

Lastly, Upbit was established in 2017 and is a centralized cryptocurrency exchange from South Korea. It has three branches: Upbit Global, Upbit Indonesia and Upbit Korea. Upbit Korea is the largest branch and usually has a 24-hour trading volume of around Ƀ20,000 from 186 coins and 271 trading pairs. The most active trading pair on Upbit is BTC/KRW. It supports fiat transactions into KRW. 

It was founded by Song Chi-Hyung, one of South Korea’s richest men and Chairman of Dunamu. The exchange is South Korea’s largest cryptocurrency exchange by volume and is partnered with the US-based exchange Bittrex. South Korea’s Internet and Security Agency (KISA) awarded Upbit an information security management system (ISMS) license, for its strong infrastructure. 

Available Lisk trading pairs: LSK/BTC, LSK/IDR, LSK/KRW, LSK/SGD
https://sg.upbit.com/exchange
https://id.upbit.com/exchange
https://upbit.com/exchange

 

Disclaimer: LSK tokens are utility tokens used to perform various actions on the Lisk blockchain. The above references are for information purposes only and they are not intended to be investment advice.

Information was compiled from third party websites and might be inaccurate and subject to change. The links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by the Lisk Foundation of any of the products, services or opinions of the corporation or organization or individual. The Lisk Foundation bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Please contact the external site for answers to questions regarding its content.

Jan Breker

Business Development Manager

International Business graduate and technology enthusiast