Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Onecoin (ONECOIN) on LBank
Learn how to buy Onecoin (ONECOIN) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy ONECOIN on LBank
How to Buy ONECOIN on LBank: Payment Methods Overview
Explore the available payment methods for buying ONECOIN on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy ONECOIN.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Onecoin (ONECOIN) on LBank?
Check the preparations required before buying Onecoin (ONECOIN) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy ONECOIN with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Onecoin on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Onecoin. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Onecoin on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Onecoin.
LBank supports multiple payment methods
You can use the following payment methods to purchase Onecoin on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Onecoin you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
LO Loyalty_Trader 710 min | 100% | 0.918 USD | 7763.29 USDT 500.000 - 7100.000USD | Bank Transfer | |
YY YYDS_Trader 570 min | 100% | 0.954 USD | 2000.00 USDT 400.000 - 1900.000USD | Bank Transfer | |
AM AMG_Trading 595 min | 100% | 0.954 USD | 7065.87 USDT 200.000 - 6740.839USD | Bank Transfer |
What is Onecoin (ONECOIN)?
Onecoin was a fraudulent scheme promoted as a cryptocurrency, launched in late 2014 by Ruja Ignatova and Sebastian Greenwood. It operated through offshore companies, OneCoin Ltd and OneLife Network Ltd.. Onecoin is widely recognized as both a Ponzi scheme and a pyramid scheme. The scheme functioned by selling "educational packages" to investors, which ranged significantly in cost. It heavily relied on a multi-level marketing (MLM) structure, where participants were encouraged to recruit new investors and received commissions for doing so. Crucially, Onecoin lacked the fundamental characteristics of a genuine cryptocurrency. Unlike legitimate digital currencies such as Bitcoin, it did not have a decentralized blockchain. Instead, it used a centralized database controlled by the company and had no actual mining process or verifiable transaction ledger. This meant that the "coins" were not truly mined and could not be openly traded or used in real transactions outside of Onecoin's internal, controlled environment. From 2016 onwards, various international authorities and central banks issued warnings against Onecoin, identifying it as a pyramid scheme and fraudulent operation. Many countries, including Germany and Italy, banned Onecoin, and others like the United States and Canada issued warnings about its risks. Legal actions led to the arrest and conviction of several key individuals involved. Sebastian Greenwood, a co-founder, pleaded guilty to wire fraud and money laundering and was sentenced to 20 years in prison in 2023. Konstantin Ignatov, Ruja Ignatova's brother who took over after her disappearance, also pleaded guilty to similar charges. Ruja Ignatova, often referred to as the "Cryptoqueen," disappeared in October 2017 after a secret U.S. warrant was filed for her arrest. She remains at large and was added to the FBI's Ten Most Wanted Fugitives list in 2022. Onecoin is no longer operational, with its operations shut down following widespread investigations that exposed its fraudulent nature. Learn more
Is Onecoin (ONECOIN) a good investment?
Whether Onecoin (ONECOIN) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Onecoin (ONECOIN) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying ONECOIN on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
ONECOINDate
2026-06-07
You will earn $-- in profit, with an ROI of --
What can you do with Onecoin (ONECOIN)?
Investment
Buy and hold Onecoin (ONECOIN), expecting its value to increase over time.
Trade
Actively trade Onecoin (ONECOIN) on LBank to profit from price fluctuations.
Pay
Use Onecoin (ONECOIN) to pay for goods and services where accepted.
Why is LBank the best platform to buy Onecoin (ONECOIN)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Onecoin (ONECOIN).
Competitive fees
LBank provides competitive trading fees for Onecoin (ONECOIN).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Onecoin (ONECOIN).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Onecoin (ONECOIN) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Onecoin (ONECOIN) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying ONECOIN, what is the best way to store it?
After buying ONECOIN, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Onecoin (ONECOIN) FAQ
No, OneCoin was not a legitimate cryptocurrency or Web3 project. It lacked fundamental characteristics of genuine digital assets, such as a verifiable and decentralized blockchain. Instead, it operated on a centralized database that simulated transactions, giving investors the illusion of activity without actual mining or public verification. Experts and authorities quickly identified red flags due to its lack of transparency and inability to be traded on any recognized trading platform.
OneCoin functioned as a multi-level marketing (MLM) scheme that promised high returns on investment. Investors were encouraged to purchase educational packages that supposedly included "tokens" for mining OneCoins. However, no actual mining process existed, and the value of OneCoin was artificially set by the company, not by market forces. Its primary mechanism for growth was incentivizing members to recruit new investors, creating a pyramid structure.
Unlike genuine digital assets, OneCoin never had a verifiable, public, or decentralized blockchain. Its transactions were not transparent, and the units could not be traded on reputable digital asset trading platforms or used for external purchases. Real digital assets rely on decentralized networks and transparent processes, which OneCoin entirely lacked.
Ruja Ignatova, also known as the "Cryptoqueen," disappeared in October 2017 when a secret U.S. warrant was filed for her arrest and has not been seen since. She remains a fugitive and is on the FBI's Ten Most Wanted list. Co-founder Sebastian Greenwood was arrested in 2018 and sentenced to 20 years in prison for wire fraud and money laundering. Her brother, Konstantin Ignatov, who took over her position, pleaded guilty to charges of money laundering and fraud in 2019.
A significant portion of the funds defrauded from investors remains unaccounted for. While authorities have seized some assets linked to the scam and legal proceedings are ongoing in various countries, recovery prospects for victims remain challenging and limited due to the scale of the fraud.
No, OneCoin is no longer active. The company was shut down following widespread investigations that exposed it as a fraudulent Ponzi scheme. It ceased operations and holds no value, nor can it be traded on any reputable platforms.
