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 88mph (MPH) on LBank
Learn how to buy 88mph (MPH) 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 MPH on LBank
How to Buy MPH on LBank: Payment Methods Overview
Explore the available payment methods for buying MPH 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 MPH.
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 88mph (MPH) on LBank?
Check the preparations required before buying 88mph (MPH) 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 MPH 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 88mph 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 88mph. 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 88mph 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 88mph.
LBank supports multiple payment methods
You can use the following payment methods to purchase 88mph 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 88mph 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 986 min | 100% | 0.999 USD | 6431.17 USDT 500.000 - 6000.000USD | Bank Transfer | |
YY YYDS_Trader 1073 min | 100% | 0.999 USD | 5387.45 USDT 800.000 - 5382.062USD | Bank Transfer | |
MY MYR_ DUITNOW_MYR 424 min | 100% | 1.000 USD | 1623.98 USDT 100.000 - 1500.000USD | Bank Transfer |
What is 88mph (MPH)?
88mph is a decentralized finance protocol built on the Ethereum blockchain that focuses on providing fixed interest rates for cryptocurrency deposits. Developed by Bacon Labs, the platform acts as an intermediary between users and third-party lending protocols such as Aave and Compound. Its primary goal is to offer predictability in the often volatile interest rate market of the crypto ecosystem. The protocol provides two main products. The first allows users to deposit assets like stablecoins, Ethereum, or Bitcoin to earn a guaranteed fixed yield over a specified period. This fixed rate is generated by taking the variable interest from underlying protocols and redistributing it. The second product involves Yield Tokens, which allow more advanced users to speculate on the future volatility of variable interest rates or to hedge their borrowing costs. A key part of the 88mph ecosystem is its native governance token, MPH. Users who deposit assets into the protocol receive MPH as an incentive, which is typically vested over time. The token serves several functions within the platform. Holders can stake their tokens to receive a portion of the fees generated by the protocol. This staking model has evolved into a vote-escrow system where users lock their tokens to gain voting power and a share of protocol revenue. This allows the community to participate in governance decisions, such as voting on protocol parameters and new asset listings. To maintain the fixed rates offered to depositors, 88mph uses a risk-balancing mechanism. If the variable rates from underlying protocols exceed the promised fixed rate, the surplus is used to protect the protocol against potential future shortfalls. Conversely, if variable rates fall below the fixed rate, the protocol uses its reserves and the purchase of Yield Tokens by speculators to cover the difference. 88mph is non-custodial, meaning users retain control over their funds through smart contracts. The protocol's code is open-source and has undergone multiple security audits to ensure its safety. It also issues deposits as non-fungible tokens, allowing users to transfer or trade their deposit positions on secondary markets. Overall, 88mph serves as a specialized financial tool within the decentralized finance landscape, catering to those seeking stable returns or interest-rate speculation. Learn more
Is 88mph (MPH) a good investment?
Whether 88mph (MPH) 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 88mph (MPH) 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 MPH 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
Date
2026-06-03
You will earn $-- in profit, with an ROI of --
What can you do with 88mph (MPH)?
Investment
Buy and hold 88mph (MPH), expecting its value to increase over time.
Trade
Actively trade 88mph (MPH) on LBank to profit from price fluctuations.
Pay
Use 88mph (MPH) to pay for goods and services where accepted.
Why is LBank the best platform to buy 88mph (MPH)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling 88mph (MPH).
Competitive fees
LBank provides competitive trading fees for 88mph (MPH).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for 88mph (MPH).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade 88mph (MPH) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for 88mph (MPH) 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 MPH, what is the best way to store it?
After buying MPH, 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
88mph (MPH) FAQ
88mph is a decentralized protocol that enables users to lock in a guaranteed interest rate for a specific term, ranging from 1 to 365 days. Unlike many lending platforms where interest rates fluctuate block-by-block, 88mph provides stability. It works by estimating a fixed yield based on a 30-day moving average of variable rates from integrated lending protocols. To guarantee these rates, the system utilizes Yield Tokens (YTs), which are purchased by speculators who bet that variable rates will rise, effectively acting as a buffer for fixed-rate depositors.
The MPH token serves as the core governance and incentive engine for the 88mph ecosystem. Its primary utilities include staking through the veMPH model, where users lock their tokens to receive voting rights on reward distribution gauges and earn a share of protocol revenues. Additionally, MPH is used as an incentive for depositors, who earn the token as an extra reward on top of their fixed interest, typically vested over the duration of their deposit term.
Yield Tokens (YTs) represent a speculative component of the 88mph protocol. When a user buys a YT, they are purchasing the rights to all future variable-rate interest generated by a specific deposit. This offers a form of leverage: if the actual variable interest rates from underlying lending protocols spike above the fixed rate offered to the depositor, the YT holder earns the surplus. However, if rates remain low, the YT holder may lose their initial purchase price, making it a tool for yield speculators.
88mph has undergone multiple audits by prominent security firms to ensure the integrity of its smart contracts. While the protocol experienced a logic-related exploit in late 2020, the vulnerability was quickly patched and the issue resolved. Regarding economic stability, the protocol manages insolvency risk—which occurs if variable rates drop significantly—by utilizing its own treasury and surplus yields gathered from previous periods to ensure all fixed-rate obligations to depositors are met.
In late 2024, the 88mph Foundation announced it would wind down its formal operations. However, because the 88mph smart contracts are open-source and immutable on the blockchain, the protocol remains fully functional and accessible. Users can continue to interact with the existing pools and withdraw their funds as long as the underlying liquidity in connected lending protocols is available. While active foundation-led development has ceased, the decentralized nature of the contracts ensures the protocol’s ongoing technical existence.
Yes, users have the flexibility to withdraw their deposits early, though it is subject to specific conditions. Early withdrawal typically incurs a 0.5% penalty on the principal amount. Furthermore, the user must forfeit a portion of their accrued fixed interest and any MPH rewards earned during the period. To execute a withdrawal and unlock the underlying assets, the associated Deposit NFT (ERC-721 token) must be burned through the protocol's interface.
