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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Loopring (LRC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Loopring (LRC) Once your deposit has been verified, you will directly have access to your finances and you can commence invest and trading. To purchase Loopring (LRC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Loopring (LRC), you'll need to put the cointype (LRC) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we have highlighted this too. Click on “LRC/BTC” to go ahead.
Step 4 – Purchase Loopring (LRC) Once you've spotted Loopring (LRC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price Loopring (LRC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of LRC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of LRC. When you're satisfied, make a mouse click on “Buy LRC”. Your plan will be filled as soon as a Seller sells their LRC for the price you gave.
Step 5 – Withdraw Loopring (LRC) Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. In order to withdraw your Loopring (LRC), go to the ”Funds” tab and click on “Withdraw”. Loopring (LRC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Loopring (LRC) by using the given drop-down box. Put into the volumen of Loopring (LRC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.