LBank Exchange Setup
Connect your LBank account to SignalBee in minutes. This guide walks you through creating and configuring API keys with the exact permissions needed for automated trading.
Prerequisites
Before you begin, make sure you have:
- Verified LBank account - Identity verification (KYC) completed
- 2FA enabled on LBank - Required for API key creation
- SignalBee account - Ready to connect an exchange
- Password manager - For storing your API credentials securely
Security Note: LBank requires 2FA (two-factor authentication) to create API keys. If you haven't enabled 2FA yet, go to Account → Security Settings in your LBank account.
About LBank
LBank is a global cryptocurrency exchange known for its wide selection of altcoins and competitive fees. Key highlights:
- Wide altcoin selection - Lists many smaller-cap projects unavailable on larger exchanges
- Competitive fees - Low trading fees on spot markets
- Global availability - Available in multiple regions worldwide
- Strong API support - Well-documented REST API for automated trading
Creating Your API Key
Follow these steps to create an API key on LBank:
Step 1: Log In to LBank
- Go to www.lbank.com
- Log in with your email and password
- Complete 2FA verification if prompted
Step 2: Navigate to API Management
- Click your profile icon in the top-right corner
- Select Account from the dropdown menu
- Click API Management in the left sidebar
- You'll see a list of your existing API keys (if any)
Step 3: Create a New API Key
- Click the Create API button
- You'll be presented with the API configuration screen
Step 4: Enter a Description
- Enter a descriptive label:
SignalBee Trading - A clear label helps you identify this key's purpose later
Tip: Use specific labels like "SignalBee-Spot" or "SignalBee-Main" if you plan to create multiple keys for different purposes.
Step 5: Configure Permissions
- Check the permission boxes as described in the Configuring Permissions section below
- Enable Read and Trade permissions
- Never enable the Withdrawal permission
Step 6: Complete Security Verification
- Enter your 2FA code from your authenticator app
- Click Confirm to create your key
- Wait for the system to generate your credentials
Step 7: Copy Your Keys IMMEDIATELY
After creation, your credentials will be displayed:
- API Key - Can be viewed later in your API Management page
- Secret Key - Shown only ONCE - Copy it immediately!
| Key | Can View Later? | Action Required |
|---|---|---|
| API Key | Yes | Copy and save |
| Secret Key | NO - Never shown again | Copy immediately! |
Warning: If you navigate away without copying your Secret Key, you'll need to delete this API key and create a new one. There is no way to recover a Secret Key.
Save both keys in your password manager now before proceeding.
Configuring Permissions
LBank has a straightforward permission system. This is critical for security.
Required Permissions
| Permission | Enable? | Why |
|---|---|---|
| Read | Yes | Allows SignalBee to check your balances and account info |
| Trade | Yes | Allows SignalBee to place and manage spot orders |
Never Enable These Permissions
| Permission | Enable? | Why |
|---|---|---|
| Withdraw | NEVER | SignalBee never needs withdrawal access. Enabling this is a serious security risk. |
Security Note: Even if your API key is somehow compromised, funds cannot be withdrawn without withdrawal permission enabled. This is your most important security protection.
Simple Two-Credential Setup
LBank uses a simple credential model similar to Binance:
| Exchange | Credentials Required |
|---|---|
| LBank | 2 values: API Key + Secret Key |
| Binance | 2 values: API Key + Secret Key |
| OKX | 3 values: API Key + Secret Key + Passphrase |
| KuCoin | 3 values: API Key + Secret Key + Passphrase |
This makes LBank one of the simpler exchanges to configure.
IP Whitelist Configuration
IP whitelisting restricts your API key to only work from specific IP addresses. This is optional but adds a strong security layer.
Why Use IP Whitelisting?
| Scenario | Without Whitelist | With Whitelist |
|---|---|---|
| SignalBee places trade | Works | Works |
| Attacker tries stolen key | Could work | Blocked |
Even if your API key is somehow exposed, it won't work from unauthorized IP addresses.
SignalBee Server IP Addresses
Note: Contact support@signalbee.trade to request SignalBee's current production IP addresses for whitelisting. We maintain static IPs specifically for exchange API calls and will notify you before any infrastructure changes.
How to Configure IP Whitelisting
- In API Management, find your SignalBee API key
- Click Edit next to the key
- Enable IP Address Restriction
- Enter each SignalBee IP address provided by support
- Click Save
- Complete 2FA verification if prompted
If You Skip IP Whitelisting
If you choose not to use IP whitelisting:
- Leave IP restrictions disabled
- Understand this is less secure but still safe if withdrawals are disabled
- Your other security measures (no withdrawal permission) still protect your funds
Adding to SignalBee
Now connect your LBank API key to SignalBee:
Step 1: Go to Exchanges Page
- Log in to your SignalBee account
- Navigate to Exchanges in the main menu
Step 2: Add New Exchange
- Click the Add Exchange button
- Select LBank from the exchange list
Step 3: Enter Your Credentials
LBank uses a simple two-value API system:
- API Key - Paste your LBank API key
- Secret Key - Paste your LBank Secret key
- Label (optional) - Enter a name like "LBank Main Account"
Note: LBank requires only 2 credentials (API Key + Secret Key). This is simpler than exchanges like OKX or KuCoin that require an additional passphrase.
Step 4: Test the Connection
- Click Save and Test Connection
- Wait for SignalBee to verify your credentials
- Look for the success message
Step 5: Verify Your Setup
After successful connection:
- Your LBank balances should appear in SignalBee
- Check that your expected assets are listed
- Balances confirm the Read permission is working
Tip: If balances don't appear, verify that Read permission is enabled on your API key.
LBank-Specific Considerations
Ticker Format
LBank uses lowercase underscore-separated ticker symbols. SignalBee converts automatically:
| SignalBee Format | LBank Format |
|---|---|
| BTC-USDT | btc_usdt |
| ETH-USDC | eth_usdc |
| SOL-BTC | sol_btc |
| XRP-USDT | xrp_usdt |
No action needed! Your webhook symbols work directly with LBank - SignalBee handles the conversion automatically.
Supported Order Types
LBank spot trading supports the following order types:
| Order Type | Supported | Notes |
|---|---|---|
| Market Order | Yes | Executes immediately at best available price |
| Limit Order | Yes | Executes at specified price or better |
| Stop-Limit | No | Not available on LBank |
| Stop-Market | No | Not available on LBank |
Note: If your trading strategy requires stop-loss or take-profit orders as separate order types, these must be managed at the strategy level rather than as native exchange orders.
Wide Altcoin Selection
One of LBank's key differentiators is its extensive listing of smaller-cap altcoins:
- Many tokens listed on LBank may not be available on larger exchanges
- Check pair availability before setting up signals for lesser-known tokens
- Liquidity varies significantly by trading pair
Tip: For smaller altcoins, always verify the trading pair exists on LBank before configuring your signals.
Unique Authentication Method
LBank uses a unique MD5 + HMAC-SHA256 hybrid authentication system. This differs from the standard HMAC-SHA256 used by most exchanges.
What this means for you:
- SignalBee handles this automatically - no action required
- Your credentials work exactly like other exchanges
- Error messages may differ slightly from other exchanges
Note: You don't need to understand the technical details. Just provide your API Key and Secret Key, and SignalBee handles the rest.
Minimum Order Sizes
LBank enforces minimum order values. Orders below these minimums will be rejected:
| Trading Pair | Minimum Order |
|---|---|
| Most pairs | Varies by pair |
Tip: Check LBank's trading rules for current minimum order sizes for specific pairs.
Trading Fees
| Fee Type | Rate |
|---|---|
| Spot Trading | Check LBank for current rates |
Tip: Check LBank's fee schedule for the most current rates and any VIP tier discounts.
API Rate Limits
- LBank allows approximately 10 requests per second per IP
- SignalBee handles rate limiting automatically
- If you see rate limit errors, reduce your signal frequency or check for duplicate webhooks
No Testnet Available
Important: Unlike some exchanges, LBank does not offer a public testnet for spot trading.
| Testing Approach | Recommendation |
|---|---|
| Production testing | Start with very small order sizes |
| Signal verification | Test webhook delivery before enabling live trading |
| Order validation | Use limit orders to control execution price |
Tip: Start with small order sizes (e.g., $10-20) when first testing your SignalBee integration with LBank.
Troubleshooting
Common LBank-specific errors and solutions:
| Error | Code | Likely Cause | Solution |
|---|---|---|---|
| Internal Error | 10000 | LBank server issue | Wait and retry. Usually temporary. |
| Missing Parameters | 10001 | Invalid request | Contact support if persists. |
| Invalid Parameters | 10002 | Incorrect values | Check order details are valid. |
| Invalid Signature | 10003 | Wrong API key or secret | Re-copy the Secret Key carefully. If lost, create new key. |
| User Not Found | 10004 | Invalid API key | Re-copy API key. Verify key exists in API Management. |
| Insufficient Balance | 10005 | Not enough funds | Deposit funds or reduce order size. |
| Order Not Found | 10006 | Invalid order ID | Order may have been filled or cancelled. |
| Min Order Amount | 10007 | Order value too small | Increase order size above minimum. |
| Trading Suspended | 10008 | Pair temporarily unavailable | Wait for trading to resume. Usually temporary. |
| Order Already Cancelled | 10009 | Cannot cancel this order | Order was already cancelled previously. |
| Order Fully Executed | 10010 | Cannot cancel this order | Order has already been filled completely. |
| Order Partially Executed | 10011 | Cannot cancel this order | Order has already been partially filled. |
| Invalid Symbol | 10012 | Wrong trading pair | Check pair is listed on LBank. Use lowercase underscore format internally. |
| Parameter Out of Range | 10015 | Value too high or low | Check price/quantity limits for the pair. |
| Rate Limit Exceeded | 10016 | Too many API requests | Wait and retry. Reduce request frequency. |
| IP Not Whitelisted | 10017 | IP restriction blocking request | Add SignalBee IPs or disable IP restriction. |
Connection Test Fails?
If your connection test fails in SignalBee:
- Double-check both keys - Copy-paste errors are the most common issue
- Verify permissions - Ensure Read and Trade permissions are enabled
- Check IP whitelist - Disable IP restriction temporarily to test
- Wait a few minutes - New API keys may take 1-2 minutes to propagate
- Check LBank status - Verify LBank is not under maintenance
For persistent issues, see our Error Codes Reference or contact support@signalbee.trade.
Security Best Practices
Follow this checklist to keep your LBank account secure:
LBank Account Security
- Enable 2FA with Google Authenticator - more secure than SMS
- Use a unique, strong password for LBank (not reused from other sites)
- Enable email notifications for account activity
- Review login history regularly for unauthorized access
API Key Security
- Create a dedicated API key just for SignalBee - don't reuse keys across services
- Never enable withdrawal permission - SignalBee never needs it
- Consider IP whitelisting for maximum security
- Never share your Secret Key via email, chat, or screenshots
- Store keys in a password manager (1Password, Bitwarden, etc.)
Ongoing Security
- Review your API keys periodically in LBank - delete any you don't recognize
- Rotate API keys every 90 days as a security habit
- Monitor trade history on LBank for any unauthorized activity
Security Note: Even with all these precautions, the most important protection is never enabling withdrawal permission. Without this permission, your funds cannot be moved off the exchange even if everything else is compromised.
Related Resources
- API Key Best Practices - General API key security guidance
- Security Overview - How SignalBee protects your data
- Error Codes Reference - Common error messages explained
- Binance Exchange Setup - Similar two-value API setup