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 Potcoin (POT) on LBank
Learn how to buy Potcoin (POT) 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 POT on LBank
How to Buy POT on LBank: Payment Methods Overview
Explore the available payment methods for buying POT 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 POT.
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 Potcoin (POT) on LBank?
Check the preparations required before buying Potcoin (POT) 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 POT 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 Potcoin 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 Potcoin. 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 Potcoin 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 Potcoin.
LBank supports multiple payment methods
You can use the following payment methods to purchase Potcoin 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 Potcoin 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 404 min | 100% | 0.918 USD | 7763.29 USDT 500.000 - 7100.000USD | Bank Transfer | |
AM AMG_Trading 487 min | 100% | 0.936 USD | 7268.52 USDT 200.000 - 6803.330USD | Bank Transfer | |
ET ETZ_Trader 719 min | 100% | 0.936 USD | 5316.00 USDT 300.000 - 4900.000USD | Bank Transfer |
What is Potcoin (POT)?
PotCoin is a decentralized cryptocurrency specifically designed to serve the global legal cannabis industry. Launched on January 21, 2014, it was created to address the unique banking and financial challenges faced by marijuana businesses and consumers. Because cannabis remains illegal at the federal level in several jurisdictions, many legitimate businesses are often denied access to traditional banking services, forcing them to operate primarily in cash. PotCoin aims to solve this by providing a secure, digital alternative for transactions, effectively acting as a specialized banking solution for the sector. The project was founded by a team of developers in Montreal who released the coin precisely at 4:20 PM to align with cannabis culture. Its primary goal is to empower the cannabis community by facilitating peer-to-peer transactions that are fast and private. By using a blockchain-based system, it allows dispensaries and customers to buy and sell products without the need for a central financial intermediary. Technically, PotCoin was originally developed using the source code of Litecoin. However, it evolved over time to adopt its own unique features. While it started with a proof-of-work system, it transitioned to a proof-of-stake-velocity consensus mechanism. This system encourages users to both hold and actively use their coins to secure the network. The project is open-source, meaning its infrastructure is transparent and can be improved upon by its community of developers. Beyond its role as a medium of exchange, PotCoin has focused on building an ecosystem that includes specialized digital wallets for desktop and mobile devices. These wallets allow users to store and manage their holdings while interacting with merchants. One of the project's most high-profile moments occurred in 2017 when it sponsored former NBA star Dennis Rodman’s trip to North Korea, which brought significant mainstream attention to the brand. Looking forward, the project has explored expanding its Web3 features to include smart contracts and tracking solutions for the cannabis supply chain. Such developments aim to provide greater transparency from seed to sale, helping merchants comply with regulatory requirements. The project continues to position itself as a symbol of innovation and peace within the cannabis space, striving to bridge the gap between digital technology and the evolving legal landscape of the industry. Learn more
Is Potcoin (POT) a good investment?
Whether Potcoin (POT) 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 Potcoin (POT) 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 POT 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
POTDate
2026-06-07
You will earn $-- in profit, with an ROI of --
What can you do with Potcoin (POT)?
Investment
Buy and hold Potcoin (POT), expecting its value to increase over time.
Trade
Actively trade Potcoin (POT) on LBank to profit from price fluctuations.
Pay
Use Potcoin (POT) to pay for goods and services where accepted.
Why is LBank the best platform to buy Potcoin (POT)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Potcoin (POT).
Competitive fees
LBank provides competitive trading fees for Potcoin (POT).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Potcoin (POT).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Potcoin (POT) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Potcoin (POT) 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 POT, what is the best way to store it?
After buying POT, 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
Potcoin (POT) FAQ
PotCoin was created as a decentralized banking solution tailored for the legal cannabis industry, which often faces hurdles with traditional financial institutions. It enables peer-to-peer transactions and the purchase of cannabis products where accepted. Furthermore, the project features a "Seed Bank" ecosystem where participants can engage with the network to potentially earn cannabis seeds, while also supporting global cannabis advocacy efforts.
Yes, the project recently executed a significant migration from its original standalone blockchain to the Solana network, a move often referred to as PotCoin 2.0. This transition was designed to provide users with faster transaction speeds, lower fees, and better integration with modern decentralized finance (DeFi) ecosystems. This shift represents a modernization of the legacy project to remain functional in the current blockchain landscape.
To migrate to the Solana-based version, holders must follow an official process that involves "burning" their old coins at a specific designated address. After the burn is complete, users must provide proof of the transaction to the PotCoin team through their official communication channels, such as email or Discord, to receive the new tokens. It is highly recommended to use secure, Solana-compatible wallets to manage the new assets after the swap.
The mining structure has changed significantly over the years. While the original PotCoin utilized Proof-of-Work and later Proof-of-Stake-Velocity (PoSV), the migration to the Solana network means that traditional hardware mining is no longer the primary method for securing the network. Instead, the project now operates within the Solana ecosystem, where network security and participation are handled through that blockchain's specific consensus mechanisms.
The original PotWallet has experienced periods of technical instability. If your funds are currently in an older wallet, the community recommendation is to synchronize your data and prepare for the migration to the Solana chain. Once the swap process is completed, users should move their assets to modern, frequently updated wallets that support the Solana network to ensure they maintain full control and liquidity of their holdings.
PotCoin is available on various trading platforms that support the Solana ecosystem. For a secure and professional trading experience, users can utilize LBank or other integrated exchanges that have listed the new version of the token. While it was historically found on older, now-defunct platforms, the current focus is on decentralized exchanges within the Solana network and selected centralized platforms that support the PotCoin 2.0 migration.
