Loopring (LRC)
All prices are in USD.
How to buy 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.
Here’s how to buy Loopring on Coinsquare
Buying Loopring is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Loopring, which trades as LRC. Based on when you think you can get a good LRC price, you should be able to trade LRC to CAD.
To buy Loopring, simply follow these steps:
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.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
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 stock price and convert LRC to CAD on the platform.
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.
Buy LRC
Congratulations! You’re now the proud owner of LRC. You can either HODL or use it to exchange LRC to CAD. To the moon!
Loopring is an open source protocol for building decentralized exchanges. It is network-agnostic and can be used on any blockchain with smart contract functionality. It provides a solution for the most outstanding challenge of all decentralized protocols – high performance without a tradeoff in security.
You may want to consider buying LRC if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Pay for services on Loopring 2 – a high performance protocol
Earn protocol fees by staking your LRC tokens
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my LRC?
Ready to add LRC to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.