A Step-by-Step-Guide on how to buy Loopring (LRC)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Loopring (LRC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find (LRC) Loopring Once your deposit has been approved, you'll directly have access to your finances and you can start buying and trading. To purchase (LRC) Loopring on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to find Loopring (LRC), you will need to insert the short name of the asset (LRC) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this also. Click on “LRC/BTC” to advance.
Step 4 – Purchasing Loopring (LRC) As soon as you've discovered Loopring (LRC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff (LRC) Loopring was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of LRC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of LRC. If you are happy, make a mouse click on “Buy LRC”. Your order will be filled when a Vender trades their LRC for the price you submitted.
Step 5 – Withdraw Loopring (LRC) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your Loopring (LRC), go to the “Funds” tab and click on “Withdraw”. (LRC) Loopring can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LRC) Loopring by using the given drop-down box. Put into the quantity of (LRC) Loopring you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.