Buy Loopring
with Debit Card

A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:

• The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
• It is safe to use against fraud.
• Debit cards do not have an annual fee.

LRC was released in 2017 with an initial price of $0.05. It started 2018 with a surprisingly high price of
$2.59 but quickly fell to $0.25. This token was almost asleep for two years because its price didn’t
change significantly until 2021, when it set a record all-time high price of $3.81. However, it recessed
again and dropped to $0.21 at the end of 2022.
It is common for people who want to buy a coin to be curious about its future, especially for investment.
However, the future of cryptocurrency is not predictable. But you can read about price predictions
because these are the analyses that experts in this field have done. Therefore, the LRC price prediction
can give you a hint about the probable fate of this coin. Crypto analysts think the LRC price would go
higher than $1 in 2026 and might continue to grow and reach $3 by 2030. Considering these predictions,
it might be better to think about LRC as a long-term investment.

Anyone with a bank account can own a debit card and anyone with a verified debit card and an account on our exchange can enjoy our Debit Card payment service to buy cryptocurrencies. Offering cryptocurrency purchase services using debit cards means more flexible financing for our exchange users.

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.

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.

The transactions paid through the Debit Card payment service are instantaneous, as Debit Card is directly linked to your cash-funded bank account. For that reason, depositing funds and withdrawing money from our exchange also happen instantly when using a debit card payment service as the funds are immediately deducted from your account.

In order to offer more payment options for users to purchase cryptocurrencies simpler, our exchange provides Debit Card as a form of electronic payment service. To use debit card payment on our exchange, you must first log into your account on Blocktrade.com. After doing so, select the digital coin or the crypto token you want to purchase, enter the quantity of cryptocurrency you need to buy, and then choose to charge your account balance using a debit card. Your transaction will take place straight away. 

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.