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How to buy Loopring?
Follow the steps below to easily and securely buy Loopring.
- Sign up
Create an account with a reputable crypto platform like Finst.
- Deposit EUR
Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.
- Start investing
Buy Loopring and securely store it on our platform.
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Can I automatically invest in Loopring on a recurring basis (DCA)?
Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Loopring without any action required or additional fees.
Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.
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What fees do I need to pay when buying Loopring?
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.
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Which order types can I use to buy Loopring?
At Finst, we support several order types to buy Loopring: Market Order, Limit Order, and Auto Invest (DCA).
- With a Market Order, you buy Loopring instantly at the best available market price.
- Do you want to buy Loopring at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Loopring. Your order will be executed once your limit price is reached on the market.
- Do you want to invest in Loopring without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.
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Can I use limit order to buy Loopring?
Yes, on our platform, you can easily buy Loopring with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Loopring reaches your limit price or lower.
A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.
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Is it safe to buy Loopring?
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.
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Is it legal to buy Loopring?
Yes, buying Loopring is legal in Europe. However, we advise you to do your own research before making a purchase.
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Can I buy Loopring anonymously?
No, due to laws and regulations, it is not possible to buy Loopring or other cryptocurrencies anonymously on a regulated crypto platform in Europe.
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Can I buy Loopring with iDEAL?
Yes, at Finst, you can easily buy Loopring with iDEAL. We also support popular payment methods like SEPA and Bancontact.
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Do you have to buy one Loopring?
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.
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What are the risks of investing in Loopring?
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.
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How to store Loopring?
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.
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Can I send my Loopring to an external wallet?
Yes, you can send your Loopring to an external wallet. With Finst, you can easily send your Loopring to a hardware or a software wallet.
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Can I store Loopring on a hardware wallet?
Yes, you can store Loopring (LRC) on hardware wallets such as Ledger or Trezor.
