LBC
ShitCoin
Reputation Ratings

LBC

LBRY Credits 5-10 years
Cryptocurrency
Website https://lbry.com/
Browser
OTH RELPs
White Paper
LBC Avg Price
+409.09%
1D

$ 0.01791 USD

$ 0.01791 USD

Market Cap

$ 2.576 million USD

$ 2.576m USD

24h trading volume

$ 1,683.17 USD

$ 1,683.17 USD

7d Vol

$ 7,785.25 USD

$ 7,785.25 USD

Circulating supply

654.237 million LBC

Related information

Issue Time

2016-07-04

Platform pertained to

--

Current price

$0.01791USD

Market Cap

$2.576mUSD

Volume of Transaction

24h

$1,683.17USD

Circulating supply

654.237mLBC

Volume of Transaction

7d

$7,785.25USD

Change

24h

+409.09%

Number of Markets

11

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Current Rate0

Available

0.00USD

Calculate

WikiBit Risk Alerts

1
Previous Detection 2024-11-05

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

LBC Price Chart

Introduction

Markets

3H

+336.72%

1D

+409.09%

1W

+268.51%

1M

+55.57%

1Y

+277.29%

All

-81.91%

AspectInformation
Short NameLBC
Full NameLBRY Credits
Founded Year2016
Main FoundersAlex Grintsvayg, Jeremy Kauffman
Support ExchangesBittrex, MEXC, CoinEx, Vindax, Newdex, Probit, Graviex, Hotbit, Poloniex,etc.
Storage WalletLBRY wallet, Coinomi, etc.
Customer SupportEmail: hello@lbry.com
Discord, Twitter, Reddit, Facebook, Telegram

Overview of LBC

LBC, also known as LBRY Credits, is a utility token serving a specific purpose within the LBRY platform, enabling functionalities like rewarding creators, purchasing content, and powering the network. It was founded in the year 2016 by Alex Grintsvayg and Jeremy Kauffman. LBC operates on various exchanges, with prominent ones being Bittrex, MEXC, and CoinEx. As for storage, LBC can be kept in the LBRY wallet or Coinomi.

Overview of LBC

Pros and Cons

ProsCons
Supports a Decentralized Content Sharing PlatformPrice Volatility
Wide Use on LBRY PlatformLimited Recognition Outside of LBRY Platform
Relatively Easy to Earn via LBRY PlatformLimited Storage Options
Supported by Multiple Exchanges

What Makes LBC Unique?

LBC, or LBRY Credits, is distinctive primarily due to its integration with the LBRY platform, a decentralized content sharing system. While many cryptocurrencies function primarily as digital currencies or investment assets, LBC serves a specific role within the LBRY network, facilitating various operations such as rewarding content creators and consumers and enabling transactions.

Unique to LBRY is the concept of a decentralized digital library, wherein creators can upload their content. This content, then, can be found and accessed by any user of the LBRY network, with LBC functioning as the means of exchange. In this sense, LBC is more akin to a digital asset within an ecosystem than a traditional currency, differentiating it from many other cryptocurrencies on the market.

What Makes LBC Unique?

How Does LBC Work?

LBC serves as the digital currency for the LBRY platform. Its operations are intrinsically connected to the functioning of this decentralized digital library, underpinned by blockchain technology.

When a content creator uploads content to the LBRY network, they can choose to price it in LBC. Users who wish to access this content will then pay the specified amount in LBC, which goes directly to the content creator. This direct, peer-to-peer mechanism facilitated by LBC avoids the need for a middleman, such as a publisher or distributor, and allows for more equitable revenue distribution.

Beyond this, LBC is also used to power the LBRY network in another unique way - it's used to drive discovery of content within the network. When content is uploaded, if the uploader chooses to stake (or commit) more LBC to the content, it will be displayed more prominently within the LBRY network's search and discovery mechanisms.

In terms of generating new LBC, the LBRY network operates on a combination of proof-of-work and proof-of-stake mechanisms. New blocks are added to the LBRY blockchain through a process similar to Bitcoin's mining process. However, the work done in this regard not only includes transaction validation but also includes the encoding and storage of digital content files.

How Does LBC Work?

Exchanges to Buy LBC

LBC are traded on a number of exchanges across the globe.

1. Bittrex: Bittrex is a US-based cryptocurrency exchange that offers LBC/BTC (Bitcoin) pairing for trading. See this link for details on how to buy LBC: https://lbry.com/faq/buy-sell-bittrex.

Step 1: Login/Create a Bittrex account

You will need to complete KYC in the creation process.

Step 2: Depositing USD

Click on “Holdings” button. Once the holdings page loads up, click on “Deposit by bank/wire” and pay for it.

Bittrex

Step 3: Depositing BTC

Click on “Holdings” button. Once the holdings page loads up, find BTC and click the deposit button, then deposit BTC to your account by sending funds to the address shown.

Step 4: Purchasing LBC with BTC USDT

From the Bittrex home page: scroll down, under the BTC or USDT market, search for LBC and once it comes up, click on the trading pair. Click on the market price you'd like to buy LBC and enter how much LBC you want to purchase. Click on place order, and once the order is executed, you'll now see your LBC holdings.

2. MEXC: MEXC enables trading of LBC against USDT.

MEXC

Step 1: Create a free account on MEXC Crypto Exchange via website or the app to buy LBRY Credits Coin.

Your MEXC account is the easiest gateway into buying crypto. But before you can buy LBRY Credits (LBC) , youll need to open an account and pass KYC (Verify Identification).

Step 2: Choose how you want to buy the LBRY Credits (LBC) crypto tokens.

Click on the “Buy Crypto” link on the top left of the MEXC website navigation, which will show the available methods in your region.

Step 3: Store or use your LBRY Credits (LBC) on MEXC.

Now that you bought your crypto, you can hold it in your MEXC Account Wallet or send it somewhere else via blockchain transfer. You can also trade for other crypto or stake it on MEXC Earning Products for passive income (Savings, Kickstarter).

3. CoinEx: This is a global cryptocurrency exchange platform where you can trade LBC against BCH (Bitcoin Cash) and USDT (Tether).

4. Vindax: This is another platform on which LBC can be traded against USDT.

5. Newdex: Newdex supports the LBC/ETH (Ethereum) trading pair.

Exchanges to Buy LBC

How to Store LBC?

Storing LBC, or LBRY Credits, involves keeping them in a safe and secure digital wallet. Different types of wallets provide varying levels of security, accessibility, and convenience.

1. LBRY Wallet: The LBRY platform provides its own wallet for users to store LBC. It can be downloaded as part of the LBRY app, providing seamless integration for those who consume content on the LBRY platform.

2. Coinomi Wallet: This is a mobile wallet available for Android and iOS that supports a multitude of cryptocurrencies, including LBC. It's known for its security, as it never sends private keys over the internet and provides control of these keys directly to users. It also offers an integrated exchange service for convenience.

How to Earn LBC Coins?

You can earn LBRY Credits (LBC) through various methods.

Receiving Rewards: LBRY users receive LBC rewards as gifts.

Referral Program: Users earn LBC for referring others through the LBRY Desktop app or odysee.com.

Task Assistance: Earn LBC by helping with different tasks. Contact LBRY for additional testing or community assistance opportunities.

Development Contribution: Contribute as a developer or engineer to earn LBC.

Exchange Purchase: Buy LBC on exchanges.

Mining: Earn LBC by mining through the Proof-of-Work (PoW) process, which also strengthens the LBRY network's security.

Content Publishing: Set an LBC price for your content on the LBRY network or receive tips from your fans.

FAQs

Q: What kinds of wallets can be used to store LBC?

A: LBC can be held in several wallet types including LBRY's own wallet, and the Coinomi mobile wallet.

Q: Who could benefit from investing in or acquiring LBC?

A: Potential beneficial parties for LBC acquisition include content creators on the LBRY platform, enthusiasts of blockchain technology, and cryptocurrency investors diversifying their asset portfolio.

Q: Where can I buy LBRY Credits?

A: LBRY Credits can be bought on several exchanges, including Bittrex, MEXC, CoinEx, Vindax, Newdex, Probit, Graviex, Hotbit, Poloniex, and Bilaxy.

Q: What is the price of LBRY Credits?

A: As of February 17, 2024, the price of LBC is $0.003698.

LBC Market

Exchange
Score
24h trading volume
Percentage
Updated

User Reviews

More

10 ratings

Participate in evaluation
Deccy
Registration on LBC was a terrible experience, the interface was too confusing. Plus, there were issues with the speed of coin withdrawal.
2024-04-08 04:20
0
FX1587836851
Really disappointed with LBC, the withdrawal process takes so long! The customer support is also not helpful, so frustrating!
2024-03-21 19:09
3
FX2070246317
The trading interface of LBC is very intuitive and easy to operate. However, I found their customer support response to be a bit slow, which disappointed me.
2024-05-25 09:44
7
FX1059527891
The security of LBC Exchange is very good, and I am very satisfied with their data protection measures. The transaction fees are also fair, and I recommend everyone to use it!
2024-07-15 13:28
3
T-N
Big players are accumulating coins and the coins in the system are running out like a big time bomb.
2024-10-10 10:15
0
T-N
ok The mining season is back!
2024-09-28 17:21
0
T-N
The judge ruled that $LBRY's assets were real and only the assets were pre-sold. $LBRY must pay a fine in the amount specified by the SEC. But all this It did not affect the network in any way. As for assets that are not sold in advance, there is nothing wrong with that, and exchanges that allow trading are not wrong at all. In conclusion, $LBRY is still a good and quality coin. The community is also interested in the project. And if there is a further development team, we will see changes in the cryptocurrency world.
2024-05-06 16:34
2
Cheng Hsien Chen
explorer.lbry.com/address/bKNggF5vdfZ9X19s3RqgPLDgTV51Ka3EE8 This is the address of a thief, I was stolen 3461.6467992LBC
2021-03-24 20:11
1
FX1560230067
LBC's amount of liquidity coupled with terrible customer support is complete garbage! It takes weeks to receive answers - unthinkable!
2023-10-06 18:35
4
T-N
It's the best network and project. But the service provider failed.
2023-10-20 23:59
6