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 Pax Dollar (USDP) on LBank
Learn how to buy Pax Dollar (USDP) 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 USDP on LBank
How to Buy USDP on LBank: Payment Methods Overview
Explore the available payment methods for buying USDP 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 USDP.
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 Pax Dollar (USDP) on LBank?
Check the preparations required before buying Pax Dollar (USDP) 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 USDP 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 Pax Dollar 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 Pax Dollar. 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 Pax Dollar 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 Pax Dollar.
LBank supports multiple payment methods
You can use the following payment methods to purchase Pax Dollar 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 Pax Dollar 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 1154 min | 100% | 0.918 USD | 8606.23 USDT 500.000 - 7100.000USD | Bank Transfer | |
AM AMG_Trading 635 min | 100% | 0.918 USD | 3000.00 USDT 217.860 - 2754.000USD | Bank Transfer | |
ET ETZ_Trader 970 min | 100% | 0.918 USD | 3316.00 USDT 200.000 - 3000.000USD | Bank Transfer |
What is Pax Dollar (USDP)?
Pax Dollar, often abbreviated as USDP, is a digital stablecoin issued by Paxos Trust Company. Its primary goal is to provide a stable representation of the U.S. dollar on the blockchain, serving as a reliable medium of exchange and store of value within the cryptocurrency ecosystem. Launched in 2018 under its original name, Paxos Standard, the project was rebranded to Pax Dollar in 2021 to more clearly signify its identity as a dollar-backed asset. A defining feature of Pax Dollar is its strict regulatory framework. The issuer, Paxos Trust Company, is a regulated financial institution overseen by the New York State Department of Financial Services. This oversight requires the project to adhere to high standards of consumer protection and transparency. Unlike many other digital assets, USDP is fully collateralized by a reserve of cash and cash equivalents. These reserves are held in segregated, bankruptcy-remote accounts, meaning that user funds are legally protected and kept separate from the company's corporate assets. To maintain trust, the project publishes regular attestation reports verified by independent third-party accounting firms. Technically, Pax Dollar is primarily built on the Ethereum blockchain as an ERC-20 token. This allows it to be easily integrated into a wide range of decentralized applications and exchanges. Over time, its availability has expanded to other major networks such as Solana, Stellar, and Arbitrum, facilitating cross-chain transfers and enhancing its accessibility for global users. The use of smart contracts ensures that the issuance and redemption processes are transparent and verifiable on the public ledger. In the Web3 and decentralized finance space, Pax Dollar serves several important functions. It is frequently used by developers to provide a stable asset for lending and borrowing protocols, enabling users to earn yield or access liquidity without the volatility typically associated with cryptocurrencies. It also acts as a bridge for institutional investors entering the digital asset market, providing a compliant way to settle transactions on-chain. Additionally, its high liquidity and ease of redemption make it a popular choice for global payments and settlements, offering a faster and more cost-effective alternative to traditional banking rails. By combining the efficiency of blockchain technology with the safeguards of traditional finance, Pax Dollar aims to improve the overall stability and utility of the digital economy. Learn more
Is Pax Dollar (USDP) a good investment?
Whether Pax Dollar (USDP) 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 Pax Dollar (USDP) 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 USDP 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?
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$
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2026-06-09
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What can you do with Pax Dollar (USDP)?
Investment
Buy and hold Pax Dollar (USDP), expecting its value to increase over time.
Trade
Actively trade Pax Dollar (USDP) on LBank to profit from price fluctuations.
Pay
Use Pax Dollar (USDP) to pay for goods and services where accepted.
Why is LBank the best platform to buy Pax Dollar (USDP)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Pax Dollar (USDP).
Competitive fees
LBank provides competitive trading fees for Pax Dollar (USDP).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Pax Dollar (USDP).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Pax Dollar (USDP) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Pax Dollar (USDP) 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 USDP, what is the best way to store it?
After buying USDP, 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
Pax Dollar (USDP) FAQ
USDP is precisely the same token as PAX. In August 2021, Paxos rebranded "Paxos Standard" (PAX) to "Pax Dollar" (USDP) to clarify its identity as a digital dollar. Users don't need to take any action; the ticker symbol simply updated on most trading platforms, and the underlying smart contract remains unchanged.
Unlike some other major stablecoins, Paxos is a Trust Company regulated by the NYDFS, holding it to bank-like prudential standards. A key safety feature is 'bankruptcy remoteness'; USDP reserves are held in segregated accounts, legally protecting token holders if Paxos faces bankruptcy. This means reserves cannot be used to pay Paxos's creditors. However, while offering strong regulatory assurances, USDP typically has lower trading liquidity compared to some larger stablecoins, which might result in higher transaction slippage on certain trading platforms.
USDP is backed 1:1 by U.S. dollars and highly liquid "cash equivalents." These primarily include short-term U.S. Treasury bills and overnight reverse repurchase agreements. Paxos enhances transparency by publishing monthly attestation reports, which are independently verified by third-party accounting firms to confirm that the reserves held match the tokens in circulation on the blockchain.
PYUSD is a white-label stablecoin issued by Paxos specifically for PayPal, designed for use within the PayPal/Venmo ecosystem with high retail visibility. USDP, conversely, is Paxos’s own branded stablecoin, typically favored in DeFi and by institutional partners who prefer a direct relationship with Paxos. Both operate under similar US regulatory frameworks, but Paxos also recently launched USDG (Global Dollar) for the European market to comply with MiCA regulations.
In 2024 and early 2025, USDP was delisted from some trading platforms in the European Economic Area due to the EU's MiCA (Markets in Crypto-Assets) regulation. MiCA requires stablecoin issuers to hold specific licenses, and USDP, while US-regulated, did not initially fulfill all 'e-money token' requirements for the European market. To address this, Paxos launched USDG (Global Dollar), a new MiCA-compliant stablecoin specifically for Europe, while USDP continues to serve its primary focus in the US and international institutional markets.
Yes, verified users can directly open an account with Paxos to mint or redeem USDP 1:1 for U.S. dollars. However, small-scale individual users often opt to sell their USDP for USD or another stablecoin on a crypto exchange. This is because direct redemption with Paxos typically involves a minimum transaction amount and requires identity verification (KYC) processes.
