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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

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive your Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Loopring (LRC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (LRC) Loopring

As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can initiate buying and trading. To purchase (LRC) Loopring on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”.

To spot (LRC) Loopring, you'll need to insert the short name of the asset (LRC) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked 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 given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The ”Price” field will be filled with the most recent valuation Loopring (LRC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of LRC you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole quantity of LRC.

If you're happy, click on “Buy LRC”. Your plan will be filled as soon as a Vender sells their LRC for the price you offered.

Step 5 – Withdraw (LRC) Loopring

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. To take off your (LRC) Loopring, hover over the ”Funds” tab and mouse click on “Withdraw”. (LRC) Loopring can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LRC) Loopring by using the provided drop-down box. Enter the quantity of (LRC) Loopring you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

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

Kudos! You have successfully purchased and safed (LRC) Loopring.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (LRC) Loopring is stored in your wallet, you are done.