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
Buy Phiat Protocol (PHIAT) in Brazil
Learn how to buy Phiat Protocol (PHIAT) 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 PHIAT on LBank
How to Buy PHIAT on LBank: Payment Methods Overview
Explore the available payment methods for buying PHIAT 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 PHIAT.
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 Phiat Protocol (PHIAT) on LBank?
Check the preparations required before buying Phiat Protocol (PHIAT) 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 PHIAT 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 Phiat Protocol 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 Phiat Protocol. 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 Phiat Protocol 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 Phiat Protocol.
LBank supports multiple payment methods
You can use the following payment methods to purchase Phiat Protocol 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 Phiat Protocol 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 691 min | 91.3% | 1.000 USD | 3356.47 USDT 10.000 - 3000.000USD | Bank Transfer | |
BA Bayon KH 1032 min | 100% | 1.002 USD | 3983.17 USDT 10.000 - 1000.000USD | Wing Money Bank Transfer (Cambodia) ABA (Cambodia) | |
MX MX Exchange 汇旺 766 min | 100% | 1.003 USD | 2240.62 USDT 55.000 - 2200.000USD | Wing Money True Money (Cambodia) ABA (Cambodia) |
What is Phiat Protocol (PHIAT)?
Phiat Protocol is a community-owned, decentralized protocol that allows individuals to deposit or borrow tokens through a non-custodial market for liquidity. It is a fork of the AAVE V2 protocol, specifically designed to operate within the PulseChain ecosystem and serve participants of the RH Ecosystem. Phiat operates on multiple blockchains. The platform's core functionality enables users to provide supported assets, typically through a MetaMask wallet, to earn passive income based on borrowing demand. These deposited assets also serve as collateral for securing loans. The interest earned by providers helps compensate for the interest charged on borrowed funds. Phiat Protocol offers users the ability to borrow, earn, hedge, leverage, and short various supported coins. Key characteristics of Phiat Protocol include its community-owned structure, aiming for independence from major governance or venture capitalist influence. It employs a revenue-sharing mechanism designed to benefit both token holders and liquidity providers. The platform is open-source, offering unrestricted access, and has undergone multiple security audits to help ensure the safety and reliability of its operations. Phiat is part of a broader ecosystem that integrates with other protocols like Phux and Phamous, forming a comprehensive suite of decentralized finance (DeFi) tools on PulseChain. The Phiat token (PHIAT) itself has a fixed maximum supply. It features a staking mechanism where token holders can lock up their PHIAT tokens to earn a portion of the platform's fees. These fees, paid by borrowers, are distributed between depositors and PHIAT stakers. While the protocol provides advanced financial tools, it emphasizes the importance of user due diligence due to inherent risks in DeFi, such as potential smart contract errors or issues with collateral liquidation processes. Interacting with the protocol involves transaction fees, which vary based on network traffic and transaction complexity on the Ethereum blockchain. The Phiat team's role is primarily in software development and testing, with the protocol being immutable code on the blockchain, governed by the community. Learn more
Is Phiat Protocol (PHIAT) a good investment?
Whether Phiat Protocol (PHIAT) 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 Phiat Protocol (PHIAT) 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 PHIAT 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
2026-06-03
You will earn $-- in profit, with an ROI of --
What can you do with Phiat Protocol (PHIAT)?
Investment
Buy and hold Phiat Protocol (PHIAT), expecting its value to increase over time.
Trade
Actively trade Phiat Protocol (PHIAT) on LBank to profit from price fluctuations.
Pay
Use Phiat Protocol (PHIAT) to pay for goods and services where accepted.
Why is LBank the best platform to buy Phiat Protocol (PHIAT)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Phiat Protocol (PHIAT).
Competitive fees
LBank provides competitive trading fees for Phiat Protocol (PHIAT).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Phiat Protocol (PHIAT).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Phiat Protocol (PHIAT) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Phiat Protocol (PHIAT) 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 PHIAT, what is the best way to store it?
After buying PHIAT, 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
Phiat Protocol (PHIAT) FAQ
Phiat Protocol is a decentralized, open-source protocol built as a fork of Aave V2. It functions as a non-custodial market protocol for liquidity, enabling users to securely deposit supported tokens to earn passive income or to borrow other tokens by using their deposited assets as collateral. Its primary goal is to provide a robust and flexible lending and borrowing environment within the Web3 ecosystem.
The $PHIAT token serves as the utility and governance token for the Phiat Protocol, possessing a fixed supply of 55,555,000 units. Holders of $PHIAT have voting power, allowing them to participate in the protocol's governance and decision-making processes. Additionally, $PHIAT can be staked within the protocol, which enables stakers to earn a share of the platform's net fees, providing an incentive for active engagement and long-term support.
When users stake their $PHIAT tokens, they lock them up in the protocol to earn a portion of the platform's revenue. Specifically, 50% of the interest fees collected from borrowers are distributed proportionally to $PHIAT stakers. For unstaking, there is a 14-day cooldown period during which tokens remain locked. Following this, a 7-day withdrawal window opens, allowing stakers to reclaim their tokens. This system encourages long-term commitment to the protocol.
The $PHIAT token supply is distributed as follows: 65% is allocated to the community and is fully circulating. The core team receives 18%, which is subject to a 12-month lock-up period, followed by a 10-month linear unlocking schedule; these tokens can be staked but not sold or moved during the vesting. 10% is designated for the treasury, with emissions over a 24-month period for community rewards. The remaining 7% is allocated to original authors and contributors, and these tokens are immediately unlocked and fully circulating.
Users can engage with Phiat Protocol primarily by participating in its decentralized money market functionalities. This involves depositing supported digital assets into the protocol to earn passive income from lending. These deposited assets simultaneously serve as collateral, allowing users to borrow other supported tokens. The interest earned from supplying liquidity can help to offset any interest costs incurred from borrowing, creating flexible financial strategies for users within the protocol.
Interacting with Phiat Protocol involves transaction fees on the Ethereum blockchain, which fluctuate based on network congestion and operation complexity. Key risks include potential vulnerabilities or errors within the smart contract code, despite security audits. Users also face the risk of collateral liquidation if the value of their deposited assets falls significantly, causing their loan-to-value ratio to exceed predefined thresholds. These factors require careful consideration by all participants.
