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).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Loopring (LRC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Loopring (LRC) As soon as your deposit has been verified, you will directly have access to your assets and you can begin invest and trading. To invest in Loopring (LRC) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To locate Loopring (LRC), you will need to put the cointype (LRC) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “LRC/BTC” to go on.
Step 4 – Acquisition of Loopring (LRC) After you have discovered Loopring (LRC), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Loopring (LRC) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of LRC you like to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete volumen of LRC. If you're satisfied, make a mouse click on “Buy LRC”. Your order will be filled when a Vendor trades their LRC for the price you gave.
Step 5 – Withdraw Loopring (LRC) Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To take off your Loopring (LRC), go to the tab called “Funds” and mouse click on “Withdraw”. Loopring (LRC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Loopring (LRC) by using the provided drop-down box. Drop in the volumen of Loopring (LRC) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.