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 LUSD [OLD] (LUSD) on LBank
Learn how to buy LUSD [OLD] (LUSD) 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 LUSD on LBank
How to Buy LUSD on LBank: Payment Methods Overview
Explore the available payment methods for buying LUSD 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 LUSD.
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 LUSD [OLD] (LUSD) on LBank?
Check the preparations required before buying LUSD [OLD] (LUSD) 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 LUSD 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 LUSD [OLD] 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 LUSD [OLD]. 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 LUSD [OLD] 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 LUSD [OLD].
LBank supports multiple payment methods
You can use the following payment methods to purchase LUSD [OLD] 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 LUSD [OLD] 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 |
|---|---|---|---|---|
MA MALAYSIAN MYR_KING 900 min | 95.65% | 1.000 USD | 1693.26 USDT 10.000 - 1693.260USD | Bank Transfer | |
BA Bayon KH 326 min | 100% | 1.002 USD | 4362.41 USDT 10.000 - 1000.000USD | Wing Money Bank Transfer (Cambodia) ABA (Cambodia) | |
NI Nita_Global 709 min | 100% | 1.003 USD | 10.00 USDT 10.000 - 10.000USD | Wing Money ABA (Cambodia) |
What is LUSD [OLD] (LUSD)?
LUSD [OLD] (lusd) is a token associated with the Linear Finance project. Linear Finance is a decentralized delta-one asset protocol that aims to create synthetic assets, referred to as "Liquids," with limitless liquidity. This protocol was designed to provide cryptocurrency users with access to traditional assets such as commodities, forex, and market indices by enabling the creation of these synthetic tokens. Within the Linear Finance ecosystem, LUSD was designed as an in-house protocol stablecoin or synthetic USD token. It could be created on the Linear Finance platform using LINA tokens or acquired through decentralized exchanges. The purpose of LUSD was to allow users to gain synthetic exposure to a diverse range of assets, including cryptocurrencies, commodities, and market indices. The protocol also included tools like Linear.Buildr, a decentralized application used for managing Liquids, using LINA and other tokens as collateral. However, the original LUSD stablecoin from Linear Finance experienced an exploit attack that resulted in a liquidity drain. Due to this incident, the original LUSD contract, referred to as LUSD [OLD], was abandoned, and a new token contract was subsequently issued. The 'old' LUSD token is now largely considered to have lost its intended utility and value due to the exploit and its abandonment, and has been associated with scam attempts. This particular version of LUSD exists on the BNB Smart Chain. Learn more
Is LUSD [OLD] (LUSD) a good investment?
Whether LUSD [OLD] (LUSD) 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 LUSD [OLD] (LUSD) 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 LUSD 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
$
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Date
2026-06-01
You will earn $-- in profit, with an ROI of --
What can you do with LUSD [OLD] (LUSD)?
Investment
Buy and hold LUSD [OLD] (LUSD), expecting its value to increase over time.
Trade
Actively trade LUSD [OLD] (LUSD) on LBank to profit from price fluctuations.
Pay
Use LUSD [OLD] (LUSD) to pay for goods and services where accepted.
Why is LBank the best platform to buy LUSD [OLD] (LUSD)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling LUSD [OLD] (LUSD).
Competitive fees
LBank provides competitive trading fees for LUSD [OLD] (LUSD).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for LUSD [OLD] (LUSD).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade LUSD [OLD] (LUSD) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for LUSD [OLD] (LUSD) 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 LUSD, what is the best way to store it?
After buying LUSD, 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
LUSD [OLD] (LUSD) FAQ
LUSD [OLD] is the deprecated version of the Linear Finance stablecoin. It is labeled "OLD" because the original smart contract was compromised by an exploit. This attack caused a substantial liquidity drain, rendering the old token unusable and necessitating its abandonment. Following the exploit, the Linear Finance team issued a completely new LUSD token under a different smart contract address to ensure the continued operation and security of their stablecoin ecosystem. This distinction is crucial for holders to understand which version they possess and its current viability.
Unfortunately, LUSD [OLD] is widely considered to be worthless by the community. The severe exploit on the Linear Finance protocol effectively rendered the original token contract compromised and insecure. Consequently, the project migrated to a new smart contract for the current LUSD stablecoin, leaving the old version with no official support, utility, or redemption mechanism within the Linear Finance ecosystem. While it may still exist in some wallets, its functional value as a stablecoin or a tradable asset is virtually non-existent.
The primary and most reliable way to differentiate between LUSD [OLD] and the current LUSD is by checking their respective smart contract addresses. Each version of the token exists on a different smart contract on the blockchain. The current LUSD has a new, officially supported contract address provided by Linear Finance, while LUSD [OLD] resides on the abandoned, exploited contract. Users should always consult official Linear Finance channels or reliable blockchain explorers to obtain the correct, current contract address and compare it to the one associated with their tokens. This verification ensures they are interacting with the legitimate, active asset.
Unfortunately, options for LUSD [OLD] holders are extremely limited. Due to its deprecated status following the exploit, there is no official mechanism provided by Linear Finance to convert or swap LUSD [OLD] for the new LUSD token. The project moved on, leaving the old contract behind. In most cases, the LUSD [OLD] token holds no practical value or utility. While it might remain visible in a user's wallet, any attempts to transfer or interact with it would typically require network gas fees (e.g., BNB), which would likely exceed the token's non-existent value. For most holders, the recommended action is to acknowledge its status and consider it a non-recoverable asset.
The exploit that affected LUSD [OLD] was a sophisticated attack on the Linear Finance protocol, specifically targeting vulnerabilities that allowed an attacker to mint a large, unauthorized amount of LUSD. This malicious minting significantly diluted the value of the legitimate LUSD tokens and led to a massive liquidity drain from the protocol's pools. The integrity and peg of the stablecoin were severely compromised, rendering the original LUSD contract insecure and untrustworthy. To mitigate further damage and restore faith in their stablecoin offering, Linear Finance had to officially abandon the exploited contract and issue a completely new LUSD token under a new, secure smart contract address.
The LUSD [OLD] exploit starkly highlights the critical importance of robust security audits, continuous monitoring, and effective incident response in Web3 projects. It underscores that even stablecoin protocols are vulnerable to sophisticated attacks if underlying smart contracts contain weaknesses. For any Web3 project, proactive measures such as thorough code reviews, penetration testing, and multi-layered security frameworks are indispensable. The incident also stresses the need for clear communication and transparent action from project teams when security breaches occur, including how they plan to safeguard user assets and ensure the long-term viability of their ecosystem by, if necessary, deploying new, secure contracts.
