Buy
Loopring
in Japan
Trusted by Loopring buyers, you can buy and trade Loopring in Japan and 100+ countries on Blocktrade without any fees easily.
WHY BLOCKTRADE
Your entry to the world of crypto
Buy Loopring with Zero Fees
Buy and trade
Loopring in Japan
with Blocktrade without
any trading fees
Wide range of cryptocurrencies
We offer a wide range
of cryptocurrencies
to buy in Japan. Number increasing
as we’re adding new coins and tokens regularly.
Regulated
in the EU
Blocktrade is registered as VASP
with the Estonian Financial
Intelligence Unit and is fully
compliant with AML 5..
Learn More about buying LRC in Japan
How to buy Loopring in Japan
Buy Loopring at your ease
Payment methods to buy Loopring in Japan
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
Sign up and verify
your account
Make your first
deposit
Start your
investment journey
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Japan
FAQ
Frequently asked questions
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.
Yes. According to the Virtual Currency Tax Guideline pamphlet by the Japanese National Tax
Agency (NTA), in Japan, using cryptocurrency to pay for goods or services is subject to
consumption tax (消費税). This tax is imposed on the value of the goods or services being
purchased, and the rate varies depending on the type of goods or services. For example, the
standard rate for most goods and services is 8%. This means that if you purchase an item for
100,000 yen and pay with cryptocurrency, you will be required to pay an additional 8,000 yen in
consumption tax. It’s important to note that the seller is responsible for collecting and remitting
the consumption tax to the government, but as a buyer, it’s good to be aware of this tax
obligation.
According to the official Tax Answer No.1500 in Japan, there are currently no tax-free
cryptocurrency transactions. All cryptocurrency transactions, including buying, selling, and using
cryptocurrency to pay for goods or services, are subject to either capital gains tax or
consumption tax, or both. The Japanese National Tax Agency considers cryptocurrency to be a
form of property, and as such, any gains from selling cryptocurrency are taxed as capital gains.
Additionally, using cryptocurrency to purchase goods or services is subject to consumption tax.
It’s important to consult with a tax professional for more information on specific tax obligations
and to ensure compliance with Japan’s tax laws.
The loopring is a Chinese-based company founded by a software developer called Daniel Wang.
However, the Loopring protocol was registered in Singapore.
It’s difficult to estimate the exact number of people in Japan who own crypto assets, but it was
estimated by some sources that in Japan, about 4.0%, which would be around 5 million of its
population, owned some form of cryptocurrency. However, these numbers can change rapidly
due to frequent movements in the crypto market.
Loopring is a protocol that makes it possible for its users to create their own exchanges on this network.
