LCX Review 2025

Our Verdict

Founded in 2020 and based in Liechtenstein, LCX is a regulated crypto exchange tailored for European users.

✅ Fast KYC verification and licensed under Liechtenstein law, making it a reliable starting point for EU traders.

🪙 Spot trading only: no support for derivatives, leverage, copy, auto, or social trading features.

💳 Deposits and withdrawals are available via crypto, credit/debit cards, and bank transfers, which is convenient for crypto beginners based in Europe.

💸 Trading fees start at 0.3%/0.3% (maker/taker), which is above industry average and may feel high for frequent traders.

📱 Clean, beginner-friendly interface on desktop and mobile, with TradingView integration but no “pro” mode or built-in indicators.

In my opinion, LCX is a solid option for beginners and Europeans looking for a simple, regulated entry into crypto trading. For more experienced traders, the limited features and higher fees might be deal-breakers.

LCX Pros and Cons

Is LCX Right for You?

Traders have different needs: some want simple mobile apps, others look for features like leverage or social trading. In our reviews, we cover all types, from beginners to pros, and group them into seven main categories.

We assess how well each exchange fits these groups using three ratings: perfect match, good choice, or not recommended. Based on our testing, LCX is not suitable for DCA, copy, leverage, or API trading as it lacks these features, but it may fit other trader types. Our verdict:

Supported Countries and Regions

LCX operates in only about 113 countries, offering services across Europe, Asia-Pacific, Africa, the Middle East, Latin America, and Australia. However, it restricts access in the United States, Russia, Egypt, Afghanistan, Cambodia, the Bahamas, and many other jurisdictions due to regulatory and compliance reasons.

Credit and debit card deposits are supported only in select regions via Mastercard, with countries like the UK, Germany, India, Nigeria, and Japan, while access is blocked in the US, Russia, and over 70 other locations. Additionally, LCX Earn, including EURt7 tokenized bonds, is strictly limited to residents of the European Economic Area (EEA).

LCX Rewards and Special Offers

• LCX has a rewards hub where users can view and join the latest reward programs. New users can take advantage of limited-time offers, earn mystery boxes on their first deposits and trades, and earn rewards for completing regular tasks.
• This exchange also includes weekly promotional campaigns. Its dashboard allows users to view past, current, and upcoming promotional events.

LCX Background

The LCX Exchange is a subsidiary of LCX.com, officially known as the Liechtenstein Cryptoassets Exchange, and is based in Liechtenstein. The LCX.com group was established in 2018, with the exchange launching in 2020. Its founder is Monty C. M. Metzger, an entrepreneur and investor.

The exchange’s parent company has obtained regulatory licenses to ensure credibility. It holds eight registrations from the Financial Market Authority of Liechtenstein, under registration number 288159.

Security and Transparency

Proof of Reserves

LCX claims regular audits that include “proof of customer funds” and segregated account structures. Independent auditors (Grant Thornton, NSF) review its financials, but there is no cryptographically verifiable proof-of-reserves published on-chain. CER.live confirms LCX does not currently offer a public PoR audit. This weakens transparency compared to exchanges like Biconomy or Binance that publish wallet data and Merkle tree proofs.

Bug Bounty Program

LCX runs a bug bounty program offering rewards from $10 to $3,000 based on severity. Critical vulnerabilities earn $1,500–$3,000, high-risk issues $900–$1,200, medium flaws $200–$300, and low bugs $10–$50. So far, 64,518 scopes have been reviewed, 204 submissions received, and $8,400 paid out.

Corporate Communication Structure and Transparency

The company is based in Liechtenstein and regulated under the FMA. It holds eight registrations under the Liechtenstein Blockchain Act (TVTG) and has published MiCA-compliant whitepapers for several tokens. LCX communicates regularly via its official website, social channels, and regulatory filings. While financial auditors are publicly named, the exchange could improve by releasing more frequent reports on reserves and security audits.

LCX engages with users through various social media channels, including LinkedIn, X, YouTube, Facebook, Instagram, and Telegram.

Verified Trusted Scores

LCX has received moderate trust scores across various platforms.

Know Your Customer (KYC)

KYC is mandatory. This strict policy aligns with EU standards and makes LCX suitable for compliant traders, but onboarding can feel stricter than on global competitors, where basic KYC is enough for small deposits or trading.

Is LCX Safe to Trade With?

LCX is a regulated European exchange with strong KYC/AML compliance. However, its lack of a verifiable proof-of-reserves audit, limited insurance coverage, and a recent security breach hold it back from being on par with market leaders.

In my opinion, LCX is a solid option for compliance-minded European traders but less attractive for users who prioritize transparency or advanced account protections.

Trading Experience

Trading Test

For our trading test, we evaluated LCX by signing up, completing KYC, logging in, depositing, withdrawing, testing trading pairs and conversions, and assessing transfer and withdrawal fees. This comprehensive review helps us provide an informed report on LCX’s usability, features, and costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding

Sign-up and KYC were fast. I used my government ID, and verification took just a few minutes.

Then, I deposited 0.53 LTC, which arrived after 25 minutes and 13 confirmations. This was unusually slow for LTC, especially when the network wasn’t congested.

Step 2: Trading

There was no LTC/USDT pair, so I had to trade LTC/EUR.

My market order took almost a full minute to execute. On other exchanges like Biconomy or P2B, similar trades take a few seconds.

Then I tried a limit order to convert back to LTC. It failed for hours. I kept getting “Trade Error” and “Something went wrong.” After over 3 hours, it was finally executed. That confirmed what I suspected: LCX suffers from low liquidity.

Step 3: Withdrawal and Review

After the trade, I tried their withdrawal process. I entered my address, passed 2FA and OTP, and was charged 0.00133 LTC. The funds arrived at my Binance account in about 10 minutes.

Overall, LCX looks solid on the surface, but in practice, it’s too slow and unreliable. My $50 LTC ended up as less than $35 after trading due to slippage and poor execution. It’s not a platform I’d recommend for regular use. Even casual traders might find the delays and trade errors frustrating.

Desktop Version

LCX’s desktop platform is clean and intuitive. During my testing, I found it responsive, with all key sections easy to access.

It offers core tools like deep order book visibility, advanced charting, drawing tools, and a custom watchlist. However, it lacks inbuilt technical indicators and offers a single standard version, combining basic and pro interfaces.

Trade Navigation

The trading interface includes real-time price data, order books, depth charts, and basic trading tools. I was able to track price, volume, and 24h stats directly on the pair page. Both market and limit orders are available, and trades are quoted in EUR. Updates happen in real time, including server time, which is a nice touch for precise execution.

API Access

The LCX API supports REST and WebSocket for real-time trading, account management, and data streaming. I didn’t use it extensively, but from my review, the setup is well-documented and seems straightforward. WebSockets allow live updates on orders and market changes, which is useful for developers or algo traders.

LCX Earn

The LCX Earn program is available on both desktop and mobile. It offers a 7% fixed yield on tokenized bonds such as EURt7, BTCt7, ETHt7, and LCXt7. The program is licensed by the Liechtenstein FMA but only open to users in 30 European countries.

Each bond comes with fixed terms, a minimum investment, and a cap. Compared to DeFi staking, it feels more secure but also much less flexible. The main issue is that the page looks inactive, and LCX offers far fewer earning options than bigger exchanges like Bitget or Binance.

The “More” Tab

The “More” tab at LCX takes users to additional products outside the main exchange. One of these is Tiamonds, a tokenization platform for commodities, gemstones, real estate, and even carbon credits.

Another is MasterDEX, an AI-powered DeFi dashboard with real-time insights, token discovery, and trade aggregation. While it feels more like a separate add-on than a core LCX feature, the interface is user-friendly and easy to navigate.

Mobile App

The LCX mobile app closely follows the desktop layout. Navigation tabs (Home, Markets, Trade, Wallet) are placed at the bottom, with a floating LCX button for quick deposits and withdrawals. In testing, the app ran smoothly and was responsive, with no noticeable lag.

There are some limitations. The home screen has no universal search bar, so users need to go into “Markets” to find specific coins. The app supports multiple languages in the settings menu, but customer support replies are only provided in English. Price alerts and notifications are available, though they are fairly basic compared to larger exchanges like Binance.

• Trading Features: The interface includes order book depth, drawing tools, and advanced charting. I discovered that when you rotate to full screen, the app unlocks TradingView integration, a big plus for mobile traders who rely on charts.
• Watchlist: You can easily star coins to build a watchlist. Favorites appear under the “Markets” section for quick tracking.
• Wallet: The wallet section is organized and shows assets for trading and staking.
• Market Discovery: LCX’s market discovery is basic, showing trending tokens, gainers, and losers. It’s enough for quick glances, but lacks deeper filters or search categories.

My Key Takeaways After Testing LCX

After testing LCX, I found the platform design clean and easy to navigate, great for beginners or casual traders. Neither the desktop nor mobile version has a “pro” or “basic” mode, which keeps things simple

Fees

Spot Maker/ Taker Fees

Our review of spot fees covers three tiers based on trading volume, highlighting potential savings with native tokens and discounts. The first tier generally includes casual traders with less than $10,000 monthly, while higher tiers involve more advanced traders. This categorization considers trading style and spending. We also compare fees with industry standards to assess affordability.

LCX appears cheaper than many exchanges, especially when using its native token, but it isn’t the lowest. Platforms like Binance and KuCoin already charge 0.1% or less and give extra discounts with their own tokens, which reduces LCX’s edge.

For high-volume traders, LCX lowers fees from 0.18% at $100K-$1M in monthly volume to 0.04% above $500M. While this looks attractive, context matters: Binance users pay 0.1% by default without meeting volume targets. At LCX, you’d need over $50M in trades just to match that rate, making it less appealing for everyday users.

Deposit Fees

LCX offers several funding methods, but costs vary. Card deposits are the most expensive, while bank transfers like SEPA or Clear Junction are cheaper. Crypto deposits are free, making them the most cost-effective option for regular users.

Withdrawal Fees

LCX has low-cost crypto withdrawals, typically $0.1 or less. Fiat withdrawals via BCB cost €10, while Clear Junction charges 0.3%. Credit/debit card withdrawals are not supported.

For example, a $10K withdrawal costs $30 via Clear Junction but only €10 via BCB. Frequent withdrawals through Clear Junction can add up quickly. I also found that the fiat currency available might vary depending on your location. For example, they listed EURO as my only fiat currency for transactions. However, I noticed they supported CHF.

LCX’s crypto withdrawal fees vary a lot depending on the asset and network. Some tokens can be moved cheaply, but others have costs that seem high for smaller traders.

Fee Discounts

LCX offers trading fee discounts when paying with its native token. Using LCX tokens cuts fees by 50%, from 0.3% to 0.15% for low-volume traders and as low as 0.02% for very high volumes.

While this looks good, the lowest fees require trading tens or even hundreds of millions. By comparison, Binance starts at 0.1% and adds discounts with BNB, making LCX’s structure less practical for most users.

Are LCX Fees Competitive?

Overall, LCX’s fees are a mixed bag. In my opinion, LCX is cost-effective for crypto-native users who rely on the LCX token for discounts. But fiat traders may find the funding limitations and card fees restrictive compared to major competitors.

Please note that fees may vary, and checking LCX’s official website for the latest information is advisable.

Available Cryptocurrencies

Cryptocurrencies Available at LCX

• Major Coins: BTC, ETH, ADA, SOL, XRP, LTC
• Niche Coins: DeFi (LCX, BNB)
• Meme Coins: Dogecoin, BONK, CATI, etc

LCX Token Sale & Launchpad

LCX has a regulated Token Sale Manager that handles smart contracts, compliance, and investor onboarding. It is one of the few exchanges in Europe with this type of service. However, users from the US, China, and some other countries cannot join, so it works better for EU projects than for global ones.

In reality, the service looks quite inactive. The “token sale list” is empty, and the page has not been updated or rebranded for a while. This makes it feel more like a placeholder than a real, active product.

LCX Token ($LCX)

The LCX Token is the backbone of the ecosystem. It provides up to 50% fee discounts, access to LCX Earn, and is used on the Launchpad. It’s legally recognized as a utility token in Europe, Liechtenstein, Singapore, and the U.S.

Tiamonds NFTs

LCX also offers Tiamonds, Ethereum-based NFTs backed by real diamonds. Auctions start at 1,000 LCX tokens, with all bids handled on-chain. Personally, it feels like a novelty add-on, interesting, but unlikely to appeal to most crypto traders.

Exchange Liquidity

LCX has a liquidity score of around 200 on CoinMarketCap. This is much lower than top exchanges such as Binance, OKX, or KuCoin. Low liquidity can cause slower trade execution and wider spreads, especially when the market is volatile. On LCX, tokens like LayerZero and Wormhole show especially weak liquidity. This is still a big drawback for active traders.

Deposits and Withdrawals

LCX Deposit Options

LCX offers a moderate level of deposit methods for European users. However, I would have preferred crypto exchanges like Binance or MEXC, where I could have more deposit methods via ACH, Google, Apple Pay, and P2P.

Note that deposit options can vary significantly from region to region. Always check the exchange’s official site for the most accurate and region-specific deposit information.

LCX Withdrawal Methods

LCX offers two EUR withdrawal options: BCB and Clear Junction. Based on my testing, BCB is ideal for predictable costs, while Clear Junction is better for small amounts. Both require a minimum of €20.

LCX Withdrawal Limits

According to customer support, verified accounts have no fixed withdrawal limits, so users can move funds without restriction. This setup is clearly designed for high-volume traders and institutions. However, you cannot use the service or withdraw funds at all without completing KYC verification.

Customer Service

Customer Support Test

To evaluate customer service quality for different needs, we created a trading test. We contact support through all available methods, presenting hypothetical problems. We focus on response speed, the quality of help provided, and whether we speak to a real person. This measures the support’s ability to assist traders and investors.

LCX Email Test

I asked LCX about proof of reserves, third-party insurance, security incidents, and uptime. The team replied after more than 24 hours, but only addressed the first two points, leaving the rest unanswered. Overall, the response was reasonably solid but lacked completeness.

LCX Chatbot Test

LCX’s chatbot connects to a real agent within 5 minutes. A standout feature is that it stores past conversations, unlike competitors such as Tapbit or BYDFi. However, while the interface is helpful, answers to more detailed questions were sometimes vague or incomplete.

FAQ