Buy Loopring (LRC)

Loopring is a decentralized exchange protocol built on the Ethereum blockchain that aims to solve the issues of scalability, liquidity, and security that often plague traditional centralized exchanges. It achieves this by combining off-chain order management with on-chain settlement, providing users with a highly efficient and secure trading experience. Loopring's native cryptocurrency is also called Loopring (LRC), which is used as a utility token within the ecosystem.

Loopring operates by creating a global order book that aggregates liquidity from various sources, including both centralized and decentralized exchanges. The protocol utilizes a concept called "ring-matching" to enable users to trade directly with each other without the need for a centralized intermediary. When a user wants to make a trade, Loopring allows them to submit their order to the network. Instead of executing the trade immediately, the order is processed off-chain, where it can be matched with other compatible orders. This off-chain order management significantly improves the scalability and speed of the exchange. Once a set of orders is matched, Loopring generates a cryptographic proof called a "ring signature," which proves that the orders can be settled without any inconsistencies or double-spending. This ring signature is then submitted to the Ethereum blockchain for settlement, ensuring the finality and immutability of the trade. By settling trades on-chain, Loopring leverages the security and decentralization of the Ethereum network while avoiding the high transaction costs and latency associated with fully on-chain exchanges. Loopring also introduces a unique feature called "zkRollup," which combines zero-knowledge proofs with layer-two scaling solutions. This enables Loopring to batch multiple trades together and submit them as a single transaction to the Ethereum blockchain, reducing gas fees and increasing throughput. Furthermore, Loopring employs decentralized custody solutions, allowing users to retain control of their funds throughout the trading process.

Follow the steps below to easily and securely buy Loopring.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Loopring and securely store it on our platform.

You can securely store your Loopring in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Loopring. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Loopring with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Loopring with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Loopring through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Loopring is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Loopring involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Loopring, it is important to understand the risks.

Volatility: The price of Loopring can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Loopring is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Loopring through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Loopring or other cryptocurrencies anonymously on a regulated crypto platform in Europe.