What is Loopring (LRC)?
Loopring is an ERC-20 token known to be an open-sourced, audited, and non-custodial exchange protocol. Users can build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs. You can buy and sell LRC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LRC for BTC the same way you trade CAD for USD. You can also trade LRC to CAD based on the LRC price. To learn how to buy Loopring / LRC, scroll down to see how to buy Loopring.
How to buy Loopring (LRC)?
Here's how to buy Loopring on Coinsquare
To buy Loopring, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying LRC. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select LRC from the list on the trade section
Coinsquare lets you trade LRC without leaving the app. You can also check the Loopring price and convert LRC to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the LRC price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Loopring (LRC)
Congratulations! You’re now the proud owner of LRC. You can either HODL or use it to exchange LRC to CAD.
Where do I keep my Loopring (LRC)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Loopring (LRC) to your portfolio?
Create your account, fund it with spare change and get a little bit of LRC.
