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 Penpie (PNP) on LBank
Learn how to buy Penpie (PNP) 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 PNP on LBank
How to Buy PNP on LBank: Payment Methods Overview
Explore the available payment methods for buying PNP 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 PNP.
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 Penpie (PNP) on LBank?
Check the preparations required before buying Penpie (PNP) 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 PNP 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 Penpie 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 Penpie. 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 Penpie 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 Penpie.
LBank supports multiple payment methods
You can use the following payment methods to purchase Penpie 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 Penpie 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 |
|---|---|---|---|---|
ON ONLY-MALAYSAN-MYR 1187 min | 100% | 1.000 USD | 2027.19 USDT 10.000 - 2000.000USD | Bank Transfer | |
MY MYR_ DUITNOW_MYR 921 min | 100% | 1.000 USD | 1529.99 USDT 100.000 - 1529.990USD | Bank Transfer | |
IC ice trader fast 772 min | 100% | 1.000 USD | 252.52 USDT 5.000 - 252.520USD | Bank Transfer |
What is Penpie (PNP)?
Penpie (PNP) is a Web3 project defined as a next-generation decentralized finance (DeFi) platform. It was developed by Magpie with the goal of enhancing yield and veTokenomics for users of Pendle Finance. The project aims to help users maximize returns on their investments and leverage their governance power within the Pendle Finance ecosystem. Penpie achieves this by integrating with Pendle Finance, primarily focusing on locking PENDLE tokens to secure governance rights and obtain enhanced yield benefits. Users can convert their PENDLE tokens into mPENDLE at a one-to-one ratio. This process allows them to earn rewards and maintain flexibility with their assets. Penpie then takes these converted PENDLE tokens and locks them as vePENDLE within Pendle Finance, effectively managing the staking process on behalf of its users. The native token of the Penpie ecosystem is PNP, which serves as both a governance and revenue-sharing token. By locking their PNP tokens, users receive vlPNP. This locked version of the token enables them to participate in governance decisions and potentially earn passive income. The platform operates on a decentralized ledger, utilizing blockchain technology to ensure transparency and security for all transactions. Penpie's core functionality relies on smart contracts built upon the Pendle protocol and the Polygon network. It offers several benefits, including providing users with rewards, potentially increasing annual percentage rates without the need for direct PENDLE token locking, granting governance rights, and offering liquidity advantages. The project also addresses common challenges faced by PENDLE stakers, such as uncertainties related to long-term staking and liquidity concerns. A key event for Penpie was the launch of its ecosystem. However, the project experienced a security incident in September 2024. This incident was attributed to a reentrancy vulnerability found in its staking contract, which resulted in a substantial loss. Following the attack, both Penpie and Pendle Finance protocols were temporarily paused as a response. Learn more
Is Penpie (PNP) a good investment?
Whether Penpie (PNP) 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 Penpie (PNP) 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 PNP 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
2026-05-26
You will earn $-- in profit, with an ROI of --
What can you do with Penpie (PNP)?
Investment
Buy and hold Penpie (PNP), expecting its value to increase over time.
Trade
Actively trade Penpie (PNP) on LBank to profit from price fluctuations.
Pay
Use Penpie (PNP) to pay for goods and services where accepted.
Why is LBank the best platform to buy Penpie (PNP)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Penpie (PNP).
Competitive fees
LBank provides competitive trading fees for Penpie (PNP).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Penpie (PNP).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Penpie (PNP) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Penpie (PNP) 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 PNP, what is the best way to store it?
After buying PNP, 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
Penpie (PNP) FAQ
Penpie is a next-generation DeFi platform developed by Magpie, specifically designed to enhance yield and optimize veTokenomics within the Pendle Finance ecosystem. It achieves this by locking PENDLE tokens, which grants Penpie governance rights and boosted yield benefits for its users. This mechanism allows Penpie to offer an attractive value proposition to those looking to maximize their returns in the DeFi space.
PNP serves as Penpie's governance and revenue-sharing token. Users can lock PNP to acquire vlPNP, empowering them to participate in critical governance decisions and influence the platform's future direction. Beyond governance, PNP offers utility in various ways, such as enabling arbitrage trading opportunities, earning yield through staking mechanisms, and facilitating lending activities. It also supports sending and payment functionalities within its ecosystem.
Penpie leverages mPENDLE, which is its own version of the PENDLE token. Users can convert their PENDLE to mPENDLE at a 1:1 ratio, which then allows them to earn higher Annual Percentage Rates (APRs). The platform operates on a decentralized ledger, a fundamental component in ensuring both transparency and security across its operations. This technological foundation is designed to provide a robust and trustworthy environment for its users.
The founders associated with Penpie are Mitchell Amador and Adam Iza. However, their involvement with the project has been linked to a significant security incident. This aspect is an important consideration for anyone evaluating the project's history and leadership, as it highlights potential risks and past challenges faced by the team.
A significant milestone for Penpie was the successful launch of its ecosystem, which established its integration with Pendle Finance. More recently, the project faced a critical security challenge in September 2024, when it experienced a security breach. This incident resulted in a substantial financial impact, highlighting both the project's development progress and the inherent risks present in the dynamic Web3 space.
It is crucial for all users and potential participants to verify the security of Penpie's smart contracts. While smart contract audits are a standard practice for ensuring code integrity and mitigating risks, users should actively confirm that such audits have been completed. The Penpie team is expected to provide transparent links to any audit reports on their official website, allowing users to review them directly for assurance.
