How to Buy Loopring (LRC)

Make your investments work for you: Buy and sell Loopring and 40+ cryptocurrencies instantly.


How to buy LRC

Just 3 easy steps to start investing in Loopring

Create your account
on Blocktrade

Sign up on the website, and verify your account with complete information.

Select a payment

Select whether you want to purchase LRC with PayPal, Google Pay, etc.

Start buying

Choose LRC, select how much you want to buy, and make your first investment.

want to know more

Learn more about Loopring

What is Loopring ?

Loopring is a decentralized exchange (DEX) based on Ethereum that launched in 2017. It is considered
the second layer solution of Ethereum called Loopring L2, which allows users to do their transactions
with higher speed and lower fees compared to Ethereum. Loopring L2 is more than a decentralized
exchange, it acts more like a payment software that allows users to send their ERC-20 tokens to any
Ethereum address quickly, securely, and with lower costs. The Loopring users can also create new
exchanges on this protocol.

Check out Loopring official website for more information.

Click Here

What is LRC ?

LRC is the official token on the Loopring exchange, released in 2017, with a market cap of $316.3 M. LRC
is mainly used on this protocol to create decentralized exchanges. People can create new exchanges on
the Loopring protocol. But to do this, they need to lock their LRC tokens. The number of locked tokens is
different based on the project. Furthermore, LRC acts as an incentive mechanism for using this protocol
properly. This means if an exchange on this protocol performs with mistakes, its deposit tokens (locked
coins) will be confiscated and divided among other users. Furthermore, since LRC is minable, people
who do the mining will receive LRC tokens as a reward.

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Is Loopring reliable

Loopring is considered a secure protocol that uses the Proof-of-Work (PoW) mechanism for protecting
the mining process. Regarding its coin, LRC is also an Ethereum-based coin which is a safe token to hold
in your wallet. However, to make it more secure, the platform offers a dedicated wallet called Loopring
Smart Wallet, which has a more secure process for transferring coins. However, you can still keep this
token in other trusted Ethereum wallets. But you should always select a strong password for any wallet
you use.

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After you've bought LRC

LRC is mainly used on the Loopring protocol for creating decentralized exchanges. It doesn’t have any
uses outside of this platform yet. However, it might be consumed for purchasing things in the future.
But right now, it is very useful for developers on the blockchain.
Like other cryptocurrencies, LRC can be a good investment too. You don’t need to consume your coins
on the Loopring protocol, you can buy LRC and keep it until its price gets higher. For this purpose, you
need to choose a secure wallet to keep your tokens in a safe place for a while. Furthermore, since the
cryptocurrency world is so volatile, it is better to read more about LRC and its predictions. If you are a
beginner in this world, start with a minimum amount of money and choose an exit point for your
investment so that you will not lose your money.

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Your entry to the world of crypto

Buy Loopring
with Zero Fees

Buy, sell, and trade Loopring
on Blocktrade without any
trading fees

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with AML 5.

Other Methods of buying Loopring

Where can I buy Loopring

If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Loopring or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.

Direct Purchase
You can buy Loopring directly from another person over the web.

Crypto Exchanges are the safest places for buying Loopring. You can use Blocktrade as a cheap, secure, and global exchange to buy LRC. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase LRC with a few clicks.

How to sell Loopring

Sell on Blocktrade

Sign up and verify your Blocktrade account

You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.

Deposit LRC to your Blocktrade account

To sell Loopring on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Loopring address.

Start selling Loopring!

Once you deposited your Loopring in your Blocktrade deposit address, you’ll be able to sell your LRC.


Frequently asked questions

LRC is used on the Loopring protocol as an incentive payment to the miners as a reward for their mining
process. Furthermore, users who want to create a new exchange on this protocol need this coin as
collateral. They lock their coins to start building their own exchanges or crypto.

The loopring is a Chinese-based company founded by a software developer called Daniel Wang.
However, the Loopring protocol was registered in Singapore.

The cost of buying Loopring can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of LRC, you can either log in to our website and see the real-time price or check our Loopring Calculator to see the price of Loopring in your desired currency.

Loopring is a protocol that makes it possible for its users to create their own exchanges on this network.

There are several options to buy LRC such as cryptocurrency exchanges, Peer-to-peer marketplaces, Loopring brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Loopring for beginners. You can easily buy Loopring without any buying fees from our exchange.

LRC is the name of the Loopring coin. It was released in 2017 at the same time this protocol was
launched. LRC is used on the Loopring protocol for different reasons, mainly creating exchanges or
running other DeFi projects.

There is no right time to buy Loopring, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Loopring or any other cryptocurrency.

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