Buy Loopring
in Denmark

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.

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.

Yes. According to the amendment to the Danish AML Act (Directive 2018/843/EU), it is legal to
buy and sell cryptocurrencies; however, each transaction must be determined as financial
services, assets in investment, or as a form of payment. This ensures that the use of
cryptocurrency is under Danish laws to prevent cases of money laundering and untaxed
alternative investment funds.

Yes. According to The Danish Customs and Tax Administration (Skatteforvaltningen), profits
from selling or otherwise disposing of cryptocurrency attract income tax rather than capital gains
tax for Danish individuals. As mentioned by the above mentioned document, you are required to
pay income tax only if your intention with buying cryptocurrencies is to gain a profit when you
sell the coins later. The Danish Customs and Tax Administration lets you file a request for a
specific assessment to judge whether you are considered to have bought cryptocurrencies for
speculation and therefore required to pay income tax. But note that most Danish individuals are
categorized as speculators by the Danish Tax Agency and will need to pay income tax on their
gains.

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.

Anyone. Purchasing cryptocurrencies in Denmark with the help of exchanges is an
unchallenging experience. Moreover, our exchange offers secure, fast and cost-effective
transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card,
Bank Transfer and PayPal, all supported in Denmark.