Buy Loopring (LRC)

Follow the steps below to easily and securely buy 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.

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.

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.

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.

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.

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.

Yes, you can store Loopring (LRC) on hardware wallets such as Ledger or Trezor.

Loopring is a Layer-2 scaling solution on Ethereum. Loopring is designed to enable fast and cheap transactions using zk-Rollups. Loopring works within the Ethereum ecosystem as a decentralized exchange (DEX) where users can trade ERC-20 tokens. The protocol has both centralized and decentralized aspects. Loopring combines centralized order matching with decentralized order execution.

Loopring works using zk-Rollups (zero-knowledge rollups). Rollups are scalability solutions designed to reduce the load on the mainnet. With rollups, transactions can be bundled off-chain, and these bundled transactions are then recorded on the mainnet all at once. This helps increase the speed of the network and lowers transaction fees, all while not compromising the network's security.

Loopring's DEX supports automated market makers (AMM) and order book-based DEX functionality.

Orders are managed in a centralized way, while the execution of transactions is decentralized on the blockchain.

The DEX can bundle multiple orders from different trading pairs, making order execution more efficient and increasing liquidity.

The project's token is LRC. These tokens can be earned by nodes that help the network with transaction processing and also maintain the order books and trading history on Loopring. The issuance of these tokens is managed by smart contracts.

Loopring was founded by Daniel Wang. Wang has held several leadership positions at tech companies, including Google and JD.com. He has also founded companies in the crypto industry, including Coinport.

LRC tokens were first issued in 2017 after an Initial Coin Offering (ICO). The Loopring Protocol was launched in 2019 on Ethereum.