Buy Loopring: A Comprehensive Guide on How to Buy LRC- Best Exchanges & Brokers

“Loopring, a leading protocol in the decentralized exchange ecosystem, has gained significant traction since its inception. Its innovative technology and focus on scalability appeal to many crypto enthusiasts. We’ll show you simple, fast, and secure ways to buy and store Loopring (LRC). To keep things straightforward, we believe that Coinbase is the best option to buy Loopring. Why Coinbase?”

The following table explains why Coinbase is the best choice for buying Loopring.

Buy Loopring on Coinbase

 

Coinbase is a regulated cryptocurrency exchange with licenses worldwide. This ensures compliance with strict security standards and supervision by financial authorities. Even BlackRock, the world’s largest asset manager, entrusts Coinbase for crypto custody, highlighting its high level of security.

While you can use external wallets, Coinbase provides a highly secure environment for storing your Loopring tokens. Unlike some platforms that impose delays on withdrawals, Coinbase processes them instantly, giving you quick access to your funds.

Cost-effectiveness is another key benefit. Coinbase’s trading fees are highly competitive at 0.15%, significantly lower than the industry average. For comparison, some platforms charge as much as 1.5% for crypto transactions.

Coinbase prioritizes user security with features like two-factor authentication (2FA), adding an extra layer of protection to your account. They also offer dedicated customer support, typically responding within 24 hours.

The platform is designed with ease of use in mind. Its intuitive interface is ideal for both beginners and experienced traders. With dedicated apps for Android and iOS, you can conveniently manage your Loopring holdings and execute trades from anywhere.

How to Buy Loopring (LRC) on Coinbase

Coinbase is one of the most reliable and user-friendly platforms to buy Loopring (LRC). Here’s how you can do it quickly, securely, and efficiently.

Step 1: Sign Up for Coinbase

Before purchasing Loopring, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” Enter your name, email, and password, then click “Create Account.”

Step 2: Verify Your Identity

To comply with regulatory requirements, Coinbase requires identity verification. Upload a government-issued ID and provide details such as your address and date of birth. This process usually takes only a few minutes.

Step 3: Add a Payment Method

To buy Loopring, you need to link a payment method. Coinbase supports multiple options, including:

• Bank Account: Offers lower fees and higher transaction limits.
• Credit or Debit Card: Provides faster purchases, though with slightly higher fees.
• PayPal: Available for deposits and withdrawals in supported countries.

Step 4: Buy Loopring

Once your account is set up and your payment method is linked, you’re ready to buy Loopring (LRC)!

1. Go to the “Buy/Sell” section on the Coinbase dashboard.
2. Select Loopring (LRC) from the list of available cryptocurrencies.
3. Enter the amount of Loopring you want to purchase in your local currency (e.g., USD, EUR) or in LRC.
4. Choose your preferred payment method (e.g., bank account, credit card).
5. Review the transaction details, including any applicable fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Loopring Securely

After purchasing Loopring, it will be stored in your Coinbase wallet. However, for enhanced security, consider transferring your LRC tokens to a personal wallet, such as a hardware wallet from Ledger or Trezor.

Why Buy Loopring on Coinbase?

• User-Friendly Interface: Coinbase’s clean and simple design makes it easy for beginners to navigate.
• High Security: Features like two-factor authentication (2FA) and insurance for assets stored in the Coinbase Vault ensure strong protection.
• Multiple Payment Methods: Coinbase supports bank transfers, credit cards, and PayPal for added convenience.

Buy Loopring on Binance

Loopring (LRC) is a revolutionary Layer 2 scaling solution for Ethereum, designed to enable fast, low-cost, and secure decentralized trading. With its advanced zkRollup technology, Loopring ensures efficient transactions while maintaining the security of the Ethereum blockchain. Until recently, buying Loopring directly with fiat currencies like the Euro (EUR) or US Dollar (USD) was challenging. However, now you can easily purchase Loopring on Coinbase using a credit card, bank transfer, or other cryptocurrencies. In this guide, we’ll walk you through the process step by step!

Step 1: Register on Coinbase

To buy Loopring, you first need to create a Coinbase account. This process includes identity verification to comply with financial regulations, ensuring a secure trading environment.

Step 2: Buy Loopring with a Credit Card or Bank Transfer

To buy Loopring (LRC) using a credit card or bank transfer on Coinbase, follow these steps:

1. Navigate to the Buy/Sell Section: On the Coinbase homepage, click on “Buy/Sell.”
2. Select Loopring (LRC): Choose Loopring (LRC) from the list of available cryptocurrencies.
3. Select Your Payment Method: Coinbase supports various payment options, including:
   • Bank Account: Offers lower fees and higher purchase limits.
   • Credit or Debit Card: Provides instant transactions, though with slightly higher fees.
   • PayPal: Available in certain regions for instant deposits and withdrawals.
4. Enter the Purchase Amount: Specify how much Loopring (LRC) you want to buy, either in fiat currency (e.g., USD, EUR) or in LRC.
5. Confirm Your Transaction: Review the details, including any transaction fees, and click “Buy Now” to complete the purchase.

Important Notes Before and After Your Purchase

• Loopring Price Fluctuation: The price of LRC can vary slightly due to market changes. Always check the real-time exchange rate before confirming your transaction.
• Transaction Fees: Coinbase charges competitive fees, which vary depending on the payment method used.
• Transaction Limits: Limits vary based on your account verification level and payment method.
• Track Your Payment Status: After purchasing LRC, you can track your transaction history in your Coinbase account.

Step 3: How to Trade Loopring on Coinbase

If you already hold other cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), or USD Coin (USDC), you can deposit them into your Coinbase account and trade them for Loopring (LRC). Here’s how to exchange Ethereum (ETH) for Loopring (LRC):

1. Deposit Ethereum (ETH) or Other Cryptocurrencies: If you already have Ethereum (ETH) in another exchange or wallet, you can transfer it to your Coinbase wallet. If you don’t have ETH yet, you can buy it directly on Coinbase.
2. Access the Deposit Section: Log in to your Coinbase account, go to the “Assets” section, and select “Deposit.”
3. Find Your Ethereum Wallet Address: Search for “ETH” in the deposit section and copy your unique Ethereum wallet address to transfer ETH to your Coinbase account.
4. Exchange Ethereum for Loopring: Once your ETH is available in your Coinbase account, go to the “Trade” section, select the ETH/LRC pair, and place an order.

Additional Trading Tips

• Secure Your Account: Activate two-factor authentication (2FA) for additional security.
• Store Your LRC Securely: Consider transferring your Loopring tokens to a personal wallet, such as a Ledger or Trezor hardware wallet, for enhanced security.
• Track Market Trends: Stay updated with Loopring price movements to make informed trading decisions.

Why Buy Loopring on Coinbase?

• User-Friendly Interface: Coinbase is designed for both beginners and experienced traders, making it easy to navigate.
• High Security: Features like two-factor authentication (2FA) and asset insurance ensure your funds are well protected.
• Multiple Payment Methods: Coinbase supports bank transfers, credit cards, and PayPal, providing flexible purchase options.

Buy Loopring on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken adheres to strict security standards and is regulated by financial authorities, ensuring the protection of your assets. Institutional investors and major financial entities trust Kraken for cryptocurrency custody, highlighting its robust security framework.

Kraken provides flexibility in managing your assets—you can store your Loopring (LRC) in an external wallet or keep it in Kraken’s highly secure environment. Unlike some platforms, Kraken processes withdrawals quickly, enabling fast access to your funds.

In terms of cost-effectiveness, Kraken offers competitive fees. The platform follows a tiered fee structure, with maker fees as low as 0.16% and taker fees at 0.26%, which are significantly lower than many competitors.

User security is a top priority at Kraken. Features such as two-factor authentication (2FA) and advanced encryption protect your account. Additionally, Kraken’s customer support team is responsive and available to assist whenever needed.

Kraken is designed for both beginners and experienced traders. Its intuitive interface, complemented by mobile apps for Android and iOS, allows you to manage your LRC portfolio and trade conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy Loopring (LRC). Follow these steps to securely and efficiently purchase LRC on Kraken.

Step 1: Sign Up for Kraken

To start buying Loopring (LRC), you first need to create an account on Kraken. Visit Kraken.com and click on “Create Account.” Enter your name, email, and create a secure password. Then, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You’ll need to upload a government-issued ID and provide personal details such as your address and date of birth. The verification process enhances security and typically takes only a few minutes.

Step 3: Add a Payment Method

To purchase LRC, you must link a payment method. Kraken supports multiple payment options, including:

• Bank Account: Offers lower fees and higher transaction limits.
• Credit or Debit Card: Allows for fast purchases, though fees may be slightly higher than bank transfers.
• Wire Transfers: Ideal for larger transactions, Kraken supports wire transfers in multiple countries.

Step 4: Buy Loopring (LRC)

After setting up your account and linking a payment method, you’re ready to buy LRC.

• Go to the “Buy Crypto” section on the Kraken dashboard.
• Select Loopring (LRC) from the list of available cryptocurrencies.
• Enter the amount of LRC you want to purchase, either in your local currency (e.g., USD, EUR) or in LRC.
• Choose your preferred payment method (e.g., bank transfer, credit card).
• Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your LRC Securely

After purchasing LRC, it will be stored in your Kraken wallet. For enhanced security, it is recommended to transfer your LRC to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than leaving it on Kraken.

Benefits of Buying LRC on Kraken:

• User-Friendly Interface: Kraken offers an intuitive platform, making it easy for beginners to navigate.
• High Security: Kraken implements top-tier security measures, including two-factor authentication (2FA) and insured fund storage.
• Competitive Fees: Kraken provides a low-cost trading environment, making it an attractive option for all traders.
• Multiple Payment Options: Kraken supports various deposit methods, including bank transfers, credit cards, and wire transfers.

Buy Loopring on Kriptomat

About Kriptomat

Compared to the well-established broker eToro, Kriptomat is a relatively new cryptocurrency exchange, but it remains highly reliable. On Kriptomat, you can buy over 30 cryptocurrencies, including Loopring (LRC), directly using Euro, USD, and other fiat currencies. Additionally, you can send your LRC to an external wallet for added security. However, it is important to note that trading on Kriptomat is currently limited to Europe, meaning investors from regions such as the USA cannot access the platform.

Kriptomat prioritizes a user-friendly and modern interface, making it simple for anyone to buy and trade cryptocurrencies. This ease of use makes Kriptomat an excellent choice, particularly for beginners. Regarding trustworthiness, Kriptomat holds two official licenses from the Estonian government, ensuring compliance with strict regulatory standards.

Another significant advantage of Kriptomat is its competitive fees. Unlike many exchanges that add price markups, Kriptomat offers direct purchases at the spot price of LRC. The platform only charges a nominal transaction fee, which is always displayed transparently before order confirmation. Deposit fees are structured as follows:

Set up an LRC account on Kriptomat

Before you start buying LRC on Kriptomat, you should be aware that the platform strictly follows European Union regulations, requiring full identity verification. To create an account, visit the official website kriptomat.io and click the orange “Register” button. A pop-up will appear where you must enter your first and last name, email address, and a secure password.

Kriptomat will send a confirmation email. Click on the verification link in the email to activate your account. Once verified, log in with your newly created credentials. However, your registration is not yet complete.

Before you can buy LRC or use other features, you must verify your phone number. Kriptomat will send an SMS with a verification code that you need to enter on the website. But there’s still one final step—due to strict EU regulations, you must complete full identity verification.

To start, click the verification prompt (see screenshot below).

A new pop-up will appear, asking you to enter your address (street, house number, city, country). Additionally, you must upload a photo or scan of your passport or ID card. Kriptomat offers a convenient solution for this—you can complete the process on your smartphone. Simply click on the provided link, and Kriptomat will send you an SMS to continue.

Using your smartphone, take a clear photo of your ID (front and back) and upload it instantly. Lastly, Kriptomat requires a selfie for identity verification. You can allow camera access and take a selfie directly on your smartphone.

If you plan to buy cryptocurrencies via SEPA bank transfer, you must also add a bank account to your Kriptomat profile. This allows you to deposit funds and use your balance to purchase LRC or other cryptocurrencies. If you choose Neteller, Skrill, or a credit card, adding a bank account is not necessary. Once your registration is complete, you’ll have access to Kriptomat’s full purchase limits. Unlike other exchanges, Kriptomat does not use tiered verification levels—you complete full verification from the start.

Buy LRC on Kriptomat

Purchasing Loopring (LRC) on Kriptomat is straightforward and intuitive. First, navigate to the “Buy/Sell” tab (Step 1), then select “Buy” (Step 2). In the section below, choose LRC to proceed.

Next, select your preferred payment method (Step 3). If using “EUR” (SEPA bank transfer), you must first link your bank account. Alternatively, the other three payment options—credit card, Neteller, and Skrill—allow for instant purchases without additional data entry.

In Step 4, enter the amount of LRC you wish to purchase. After clicking “Buy LRC,” the platform will display the transaction fees. To complete your purchase, click “Confirm transaction.”

Once the transaction is confirmed, Kriptomat will redirect you to your “My Wallet” section. Your purchased LRC will appear in your balance within seconds. You can then decide whether to hold it in your Kriptomat wallet or transfer it to an external wallet for added security.

Benefits of Buying LRC on Kriptomat:

• Beginner-Friendly Interface: Kriptomat’s platform is designed for ease of use, making it ideal for newcomers.
• Regulated and Secure: Kriptomat operates under strict EU regulations and holds two official licenses, ensuring a safe trading environment.
• No Price Markups: Unlike some platforms, Kriptomat offers LRC at the spot price with transparent fees.
• Multiple Payment Options: Choose from SEPA bank transfers, credit cards, Neteller, or Skrill for added convenience.

Buy Loopring at Anycoin

Anycoin is a trusted cryptocurrency exchange platform that offers a seamless and secure way to buy and sell Loopring (LRC) and other digital assets. Designed for both beginners and experienced traders, Anycoin provides an intuitive interface and a variety of features that simplify crypto trading.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin’s clean and intuitive platform makes it easy for beginners to start trading while also providing advanced features for experienced traders.
2. Wide Selection of Cryptocurrencies: Anycoin supports multiple cryptocurrencies, including Loopring (LRC), Bitcoin (BTC), Ethereum (ETH), and more, allowing for easy portfolio diversification.
3. High Security Standards: Anycoin prioritizes security with features like two-factor authentication (2FA) and SSL encryption, ensuring that user accounts and transactions remain safe.
4. Low Fees: Anycoin offers competitive trading and transaction fees, making it an attractive option for cost-conscious traders.
5. Multiple Payment Methods: Users can purchase LRC using various payment options, including bank transfers, credit cards, and, in some cases, PayPal.
6. Fast Transactions: Transactions on Anycoin are processed quickly, allowing users to purchase LRC and access their funds without long delays.
7. Support for Wallets: Anycoin provides its own wallet for storing LRC, but users are encouraged to transfer their holdings to personal wallets, such as hardware wallets, for added security.
8. Dedicated Customer Support: Anycoin offers responsive customer service to assist users with any issues or inquiries.
9. Mobile Apps: With apps available for Android and iOS, Anycoin allows users to manage their portfolios and execute trades on the go.

How to Buy LRC on Anycoin:

1. Create an Account: Visit the Anycoin website and click “Sign Up.” Enter your name, email address, and create a secure password. You’ll receive a verification email to confirm your account.
2. Verify Your Identity: To comply with regulatory requirements, Anycoin requires identity verification. This typically involves uploading a government-issued ID and providing some personal details.
3. Link a Payment Method: Before buying LRC, you must connect a payment method. Anycoin supports multiple options, such as bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and a payment method is linked, go to the “Buy” section, select Loopring (LRC), and enter the amount you want to purchase. Review the transaction details, including any fees, and finalize your purchase.
5. Store Your LRC Securely: After purchasing LRC, it will be stored in your Anycoin wallet. However, for maximum security, transferring your LRC to a personal wallet, such as a hardware wallet, is recommended.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s intuitive interface makes cryptocurrency trading accessible to everyone.
• Secure Platform: Security features like 2FA and SSL encryption help keep your assets safe.
• Variety of Cryptocurrencies: Buy and trade multiple cryptocurrencies, including Loopring (LRC), Bitcoin, and Ethereum.
• Competitive Fees: Anycoin offers low transaction fees, making it an affordable choice for crypto traders.
• Quick Transactions: Enjoy fast processing times, allowing you to access your LRC quickly after purchasing.

Buy Loopring at ByBit

Bybit is a well-known cryptocurrency exchange that specializes in trading digital assets such as Loopring (LRC), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. With advanced trading tools and high liquidity, Bybit is a preferred platform for experienced traders, particularly those interested in margin trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers professional trading features such as spot trading, margin trading, and derivatives trading (futures contracts). The platform includes advanced charting tools and technical indicators to assist traders in making informed decisions.
2. High Liquidity: Bybit provides deep liquidity, making it a reliable exchange for traders executing large LRC orders with minimal slippage.
3. Leverage Trading: One of Bybit’s key features is leverage trading, allowing users to amplify their LRC positions for greater profit potential. However, leverage also increases risk, so it should be used cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains a clean and intuitive interface, making it accessible to both novice and professional traders.
5. Security Features: Bybit prioritizes security with measures such as two-factor authentication (2FA), cold storage for assets, and an insurance fund to protect against losses during extreme market conditions.
6. Mobile App: Bybit’s mobile apps for iOS and Android allow traders to manage their portfolios and execute LRC trades on the go.
7. Fast Transactions: The platform is known for its fast order execution speeds, ensuring that LRC trades are completed quickly, even in volatile market conditions.
8. Referral Program: Users can earn rewards through Bybit’s referral program by inviting others to trade on the platform.
9. Customer Support: Bybit offers 24/7 customer service through live chat and email, providing assistance whenever needed.

How to Buy LRC on Bybit:

1. Create an Account: Visit the Bybit website and click “Sign Up.” Enter your email address and create a secure password. A verification email will be sent to activate your account.
2. Verify Your Identity: To comply with regulatory standards, Bybit may require you to complete a KYC (Know Your Customer) verification process. This typically involves uploading a government-issued ID and providing additional personal details.
3. Deposit Funds: Once your account is set up, you need to deposit funds. Bybit supports deposits in various cryptocurrencies, including USDT (Tether), Ethereum (ETH), and Bitcoin (BTC). You can deposit these assets into your Bybit wallet.
4. Buy LRC: To purchase Loopring (LRC) on Bybit:
   • Go to the “Spot” trading section.
   • Select Loopring (LRC) as the cryptocurrency you wish to buy.
   • Choose your trading pair (e.g., LRC/USDT).
   • Enter the amount of LRC you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your LRC: After purchasing Loopring, you can keep it in your Bybit wallet. However, for enhanced security, it is recommended to transfer your LRC to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than leaving it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders who want access to margin trading, futures contracts, and other advanced trading strategies.
• High Liquidity and Fast Execution: Bybit’s deep liquidity ensures that LRC trades are executed quickly, reducing the risk of price slippage.
• Robust Security Measures: The platform employs advanced security protocols, including 2FA, cold storage, and an insurance fund to safeguard user funds.
• Mobile Trading: Bybit’s mobile app allows traders to manage their portfolios and execute trades anywhere, anytime.
• Competitive Fees: The exchange offers low trading fees, making it cost-effective for users looking to trade LRC frequently.
• 24/7 Customer Support: Bybit provides round-the-clock support via live chat and email to resolve any user queries or issues.

Best Loopring wallet: MyEtherWallet

When using a desktop wallet for storing and managing Loopring (LRC), we highly recommend using MetaMask or MyEtherWallet (MEW), both of which are well-established and reliable Ethereum-based wallets that support ERC-20 tokens like LRC. Below, we will guide you step-by-step on how to download, set up, and use these wallets securely.

First, visit the official MetaMask website or the official MyEtherWallet (MEW) website to download the wallet that best suits your needs.

Step 1: Download and Install the Wallet

Once you are on the official site, click on the button “Download MetaMask” or “Access MyEtherWallet“, depending on your choice.

• For MetaMask: It is available as a browser extension for Chrome, Firefox, Brave, and Edge, as well as a mobile app for iOS and Android.
• For MyEtherWallet (MEW): It can be accessed via a web interface, mobile app, or by connecting to a hardware wallet (Ledger/Trezor).

Once the file is downloaded or the extension is installed, open it and follow the instructions to set up the wallet.

Step 2: Create a New Wallet

After installation, launch MetaMask or MEW. You will be given the option to create a new wallet or restore an existing one.

• Select “Create a Wallet” if you are setting up a new wallet.
• For MetaMask, you may be asked if you want to allow data collection for improvements. This is optional.

Once you proceed, you will be required to set up a secure password. This password will be needed every time you access your wallet.

Step 3: Secure Your Wallet with a Seed Phrase

Next, you will be provided with a 12-word Seed Phrase. This is extremely important—it acts as a backup to recover your wallet if your computer crashes or if you forget your password.

Important: Write down the 12-word phrase on paper and store it safely. Do not share it with anyone or store it online.

Step 4: Confirm Your Seed Phrase

To ensure you have properly saved your seed phrase, the wallet will ask you to enter it again. Once confirmed, your wallet will be ready for use.

Step 5: Add LRC (Loopring) to Your Wallet

Since Loopring (LRC) is an ERC-20 token, you need to add it manually to your wallet:

• In MetaMask, go to “Assets” and click “Import Token.”
• Search for “LRC” or manually add the contract address:

Loopring (LRC) Contract Address: 0xbbbbca6a901c926f240b89eacb641d8aec7aeafd

Once added, your LRC balance will be visible in your wallet.

Step 6: Receive and Store LRC

Your wallet is now ready to receive and store Loopring (LRC). To receive LRC:

• Click on “Receive” or “Account Details” in MetaMask or MEW.
• Copy your Ethereum wallet address (this will be used to receive LRC since it is an ERC-20 token).
• Use this address on a cryptocurrency exchange (such as Bybit, Kraken, or Binance) when withdrawing LRC to your wallet.

Step 7: Sending LRC from Your Wallet

If you want to send LRC to another wallet or exchange:

• Click on “Send“.
• Enter the recipient’s Ethereum wallet address.
• Specify the amount of LRC to send.
• Confirm the transaction and pay the gas fee (Ethereum network fee).

Security Tips:

• Never share your seed phrase or private key with anyone.
• Use a hardware wallet (Ledger or Trezor) for enhanced security if you hold a large amount of LRC.
• Enable Two-Factor Authentication (2FA) on any exchange account where you buy or sell LRC.

By using a secure wallet such as MetaMask or MyEtherWallet, you can safely store and manage your Loopring (LRC) tokens. Always ensure that you backup your wallet with a seed phrase and follow best security practices to protect your funds.

If you have any questions, feel free to leave a comment, and we’ll be happy to assist you!

 

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