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How & Where to Buy Loopring A Step-by-Step Guide to Buying LRC

  1. Sign up at Gemini, the #1 rated LRC exchange.
  2. Fund your account with cash or crypto.
  3. Buy LoopringLRC
  1. STEP 1Find the Best LRC Exchange
    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      45

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.

    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      66

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it to become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. Debit and credit card purchases are permitted with comparably low fees. Well-suited to beginners and those who want to buy and hold coins long-term.

    • CEX.io Crypto Exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $11,759,697
      Coins
      78

      British cryptocurrency exchange CEX.IO proves that good things come in small packages, with the lowest credit and debit card fees, and one of the best off-ramp processes in the industry. Deposit fees in GBP are given a 50% discount, making them ultra-appealing to UK traders. Founded in 2013, with over 4m registered accounts. Recently branched out to the US.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Gemini and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Loopring LoopringLRC quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy LRC with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for LRC.

Frequently Asked Questions About Buying & Selling Loopring (LRC)

How do I Buy LRC with Crypto?

If you want to buy LRC with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Loopring (LRC)?

To sell LRC, simply reverse the buying process described above. You will likely need to trade your LoopringLRC into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Loopring Research Center

Loopring Technical Details & Statistics

Tokenomics
  • Market Rank118
  • Market Cap609,838,926
  • Circulating Supply1,320,864,624
  • Total Supply1,373,873,440 LRC
  • Max Supply1,374,513,896
Yesterday's Trading
  • 24 HR Volume44,080,663 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Loopring?

Loopring (LRC) is the system native token for a novel cryptocurrency platform named Loopr that combines the features of a decentralized exchange (DEX) and wallet into the same software application. It has the goal of becoming the go-to platform for Ethereum-based (ERC20) asset exchange. By making heavy use of publicly-available smart contracts, Loopr can communicate trade information both on and off-chain to enable trustless and anonymous token trading. It also offers advanced liquidity solutions using the technique of price matching to determine a fair conversion rate between any two particular tradeable tokens.

History of Loopring

Loopr, the Loopring-based decentralized token exchange protocol, was developed in 2017 by Daniel Wang, Jay Zhou, Alex Wang and Matthew Finestone. The Loopring ICO ran for 2 weeks in August 2017, during which LRC tokens were sold for $0.06 a piece. It was highly successful, raising several millions of dollars in the process, and opened trading on exchanges at a price of nearly 2x its ICO price. In January 2018, token prices briefly exceeded $2.00 as its market cap rocketed upward of $1 billion, making it one of the fastest growing blockchain-based businesses ever to be launched.

How Loopring Works

Loopring’s main exchange protocol is called Loopr, which simultaneously acts as both trading platform and wallet. From the Loopr platform users can view token balances, trading activity and open orders. Because Loopr is decentralized, meaning it is not owned or governed by a specific 3rd party entity, users pay a nominal fee of ether gas in order to enable trading of tokens owned within their own wallets, all performed through a series of sophisticated smart contracts that keeps trading activity on a peer-to-peer basis. The system-native LRC token is used as the means for trading fee payment using the Loopr protocol.

Why Loopring?

Loopring and its trading platform Loopr offer several advantages over traditional exchanges. They include:

Decentralized asset trading. Similar to the idea of decentralized exchanges, the Loopr platform manages trading functions exclusively through the use of smart contracts, meaning user tokens are never at risk of being compromised by a 3rd party or hacker. Because the smarts contracts by which it functions have been thoroughly audited by blockchain specialists, it is a more secure trading option than traditional exchanges.

Compatibility with other wallets. Functions of the Loopr exchange can be accessed by connecting an Ethereum account from popular Ethereum wallet options like MetaMask, Trezor and Ledger wallet. Additionally, contents of keystore and mnemonic phrase wallets can also be accessed, as well by the simple importation of an Ethereum private key.

Mix-and-match trade pairings. Unlike traditional exchanges where most trading options are based in terms of one or a few base pairings (such as BTC, ETH and/or USDT), trades can be made using a near-infinite array of token combinations thanks to Loopr’s smart contracts which can quickly find a fair rate of exchange between any two Ethereum tokens.

Blockchain agnostic. Because of the nature of its coding, Loopring can be deployed on any blockchain with smart contract functionality. As of mid 2018 it operates on Ethereum and Qtum with plans for a NEO deployment under construction.