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How to Buy Loopring (LRC)

A Step-by-Step-Guide on how to buy Loopring (LRC)

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and to get your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Loopring (LRC) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Loopring (LRC)

Once your deposit has been confirmed, you'll now have access to your assets and you can commence purchasing and trading. To buy Loopring (LRC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To spot Loopring (LRC), you will need to put the short name of the asset (LRC) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “LRC/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Loopring (LRC)
Step 4 – Buying Loopring (LRC)

As soon as you have found Loopring (LRC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation Loopring (LRC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of LRC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of LRC.

If you're satisfied, click on “Buy LRC”. Your order will be filled when a Seller trades their LRC for the price you submitted.

Step 5 – Withdraw Loopring (LRC)

Unless you're frequently trading, never keep your crypto on an Exchange for an extensive time period. In order to take off your Loopring (LRC), hover over the ”Funds” tab and click on “Withdraw”. Loopring (LRC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Loopring (LRC) by using the provided drop-down box. Put into the quantity of Loopring (LRC) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congratulations! You have successfully purchased and stored Loopring (LRC).

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Loopring (LRC) is safe in your wallet, you are done.

Some other Guides on How to buy different Altcoins

How to Buy Lisk
How to Buy Wrapped Bitcoin
How to Buy Altcoins
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