Buy Loopring
in Canada

Trusted by Loopring buyers, you can buy and trade Loopring in Canada and 100+ countries on Blocktrade without any fees easily. 

Canada

WHY BLOCKTRADE

Your entry to the world of crypto

Buy Loopring with Zero Fees

Buy and trade
Loopring in Canada
with Blocktrade without
any trading fees

Wide range of cryptocurrencies

We offer a wide range
of cryptocurrencies
to buy in Canada. Number increasing as we’re adding new coins and tokens regularly.

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in the EU

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with the Estonian Financial
Intelligence Unit and is fully
compliant with AML 5..

Learn More about buying LRC in Canada

How to buy Loopring in Canada

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Payment methods to buy Loopring in Canada

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Loopring

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your account

Make your first
deposit

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investment journey

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FAQ

Frequently asked questions

Where to buy Loopring (LRC) ?

The Loopring coin (LRC) is available on most exchanges. You can also buy this crypto from the Loopring
exchange itself. However, it would be a good option if you purchase this coin on a more affordable
exchange like Blocktrade. Since you don’t need to pay any processing fee on this platform, it would be
more cost-effective for you to buy LRC on Blocktrade.

Should I pay tax if I buy crypto in Canada?

According to the CRA tax guide, you're not taxed when you buy crypto with fiat, like Canadian Dollars. This said, even though you don't pay tax, it's still really important you keep good records of your crypto transactions so you can keep a detailed account of your cost basis. This lets you calculate accurate crypto gains and losses when you later dispose of your crypto assets. But note that according to the above-mentioned tax guide, buying crypto with another crypto is subject to Capital Gains Tax. The CRA views this as a disposition, meaning you're getting rid of one asset. It doesn't matter that you're using it to buy another.

Should I pay tax if I sell crypto in Canada?

According to the CRA tax guideline, since cryptocurrency is viewed as a capital asset, when you dispose of it by selling it, swapping it, spending it or gifting it, you'll owe Capital Gains Tax on any profit you make. Crypto transactions which are considered a disposition in Canada according to the CRA include: Selling crypto for CAD, swapping crypto for another crypto, spending crypto on goods or services, gifting crypto. According to the mentioned guideline, you won't pay Capital Gains Tax on the entire proceeds when you sell, swap, spend or gift your cryptocurrency, but only the profits from it. Also note that you'll only pay Capital Gains Tax on half your net capital gain each financial year in Canada.

Who is the founder of Loopring?

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

What should I declare in my tax report in Canada?

According to the CRA tax guide, you should maintain the following records on your cryptocurrency transactions: the date of the transactions, the receipts of purchase or transfer of cryptocurrency, the value of the cryptocurrency in Canadian dollars at the time of the transaction, the digital wallet records and cryptocurrency addresses, a description of the transaction and the other party (even if it is just their cryptocurrency address), the exchange records, accounting and legal costs, the software costs related to managing your tax affairs.

Why is Loopring special?

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

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