Buy LRC Now<\/span><\/a><\/div>\nAlways consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.<\/i><\/p>\nHow to Buy Loopring \u2013 Full Step-by-Step Walkthrough<\/b><\/span><\/h2>\nThe quickfire guide above helps provide concise information on how to buy Loopring. However, it may not be comprehensive enough for someone new to cryptocurrency trading. <\/span><\/p>\nIf you are in this kind of situation, do not fret as we provide more in-depth guidance on how to buy Loopring below.<\/span><\/p>\nStep 1: Download Trust Wallet<\/b><\/span><\/h3>\nThe first step to buying Loopring is to have a wallet. A wallet is a place where digital assets such as cryptocurrencies are stored for trading purposes. If you are trading Loopring, Trust Wallet is the best option for you. This wallet enjoys wide acceptance because of its simplicity, ease of use, reliability, and versatility.<\/span><\/p>\n<\/p>\n
For these reasons, you should use Trust Wallet to buy your Loopring tokens, especially if you are a beginner. First, go to the store compatible with your device and download the Trust Wallet app. After downloading the app, install it, and set up your wallet by choosing your logging credentials. <\/span><\/p>\nYou will need to use a strong PIN that others cannot guess to keep your cryptocurrency assets safe. <\/span>Afterward, Trust Wallet will give you a 12-word passphrase. <\/span><\/p>\nThis passphrase will help you gain access to your wallet if you forget your PIN or lose your mobile device. Therefore, you should write it down in a secure place that is not your phone\/desktop computer and keep it safe from others.<\/span><\/p>\nStep 2: Add Crypto Asset to Your Trust Wallet<\/b><\/span><\/h3>\nAfter setting up your logging credentials, the next step towards owning Loopring is to add cryptocurrency assets to your Trust Wallet. The need for this stems from the fact that you cannot buy Loopring directly with fiat money as it is a Defi (Decentralized Finance) coin.\u00a0<\/span><\/p>\nInstead, you have to buy Loopring by exchanging established coins for it. Hence, you have to fund your wallet by adding these established cryptocurrencies to your wallet. There are two ways to go about it:<\/span><\/p>\nSend Crypto From an External Wallet<\/b><\/span><\/h4>\nThe first way to fund your Trust Wallet is to send cryptocurrency assets to it from an external source. You can do this if you have another wallet that already has cryptocurrencies in it. If this is your first time transferring cryptocurrencies from one wallet to another, follow the process explained below, and it will be a simple task for you.<\/span><\/p>\n\n- Open your Trust Wallet and click on ‘Receive.’<\/span><\/li>\n
- Choose the cryptocurrency you want to receive. Your wallet will generate a unique address for the token.<\/span><\/li>\n
- Copy this address and go to the other wallet from which you want to transfer.<\/span><\/li>\n
- Click on the icon for wallet addresses. Paste the address you have copied from your Trust Wallet.<\/span><\/li>\n
- Enter the amount of cryptocurrency you wish to send and confirm the transaction.<\/span><\/li>\n<\/ul>\n
Your cryptocurrency asset will reflect in your Trust Wallet within a few minutes.<\/span><\/p>\nBuy Cryptocurrencies Using Credit\/Debit Card<\/b><\/span><\/h4>\nThe second way to fund your wallet is to buy cryptocurrencies directly on Trust Wallet using your debit\/credit card. This method helps keep the process decentralized if you are a new investor who has no previous wallet to transfer assets from. <\/span><\/p>\nIf you want to buy cryptocurrency using your credit\/debit card, follow the simple process laid down below:<\/span><\/p>\n\n- Go to your Trust Wallet and click on the \u2018Buy\u2019 icon. This action will display all the tokens available to you.<\/span><\/li>\n
- Select the coin you want to buy. The display will contain many crypto assets, but you should go for an established coin to easily swap for Loopring later. Such coins include ETH, BTC, BNB, and so on.<\/span><\/li>\n
- Go through a compulsory Know Your Customer (KYC) process. This process is used to verify your identity before buying or selling on Trust Wallet or other products related to Binance.<\/span><\/li>\n
- The KYC process will require you to upload a copy of any government-issued ID in addition to basic details about yourself.<\/span><\/li>\n
- After completing this, enter the volume of cryptocurrency you want to buy and confirm your transaction.<\/span><\/li>\n<\/ul>\n
The cryptocurrency will reflect in your Trust Wallet within minutes.<\/span><\/p>\nStep 3: How to Buy Loopring Through Pancakeswap<\/b><\/span><\/h3>\nWith your wallet now funded with cryptocurrencies, you can now buy Loopring by swapping the digital asset in question. The best platform to execute this exchange is Pancakeswap. This is a decentralized exchange that allows you to exchange cryptocurrencies in addition to other activities.<\/span><\/p>\n<\/span><\/h3>\nIf you are here because you don\u2019t know how to buy Loopring, follow this step-by-step guide to exchange the established coin in your wallet for Loopring via Pancakeswap.<\/span><\/p>\n\n- Open your Trust Wallet and click on the \u2018DEX\u2019 feature.<\/span><\/li>\n
- Click on ‘Swap.’<\/span><\/li>\n
- Go to the ‘You Pay’ feature and select the token you want to exchange with. This cryptocurrency token has to be the same digital asset that is in your Trust Wallet.<\/span><\/li>\n
- Enter the amount of token you want to swap.<\/span><\/li>\n
- Go to the ‘You Get’ tab and select Loopring. You will see the swapping rates of Loopring against the coin you are exchanging for.<\/span><\/li>\n
- Click on \u2018Swap\u2019 and sit back while your Loopring is delivered to your wallet.<\/span><\/li>\n<\/ul>\n
Step 4: How to Sell Loopring<\/b><\/span><\/h3>\nYou have learned how to buy Loopring. Now you have to know how to sell the token. You can sell the token shortly after buying it or store it for some time, depending on your investment plan. Whenever you decide to sell your Loopring tokens, you have two options. <\/span><\/p>\n\n- You can either swap your Loopring for another cryptocurrency or convert the tokens into fiat money.<\/span><\/li>\n
- If you choose to exchange your Loopring token for another digital currency, what you have to do is similar to the procedure you followed to buy the coins. <\/span><\/li>\n
- For this purpose, you can still use Pancakeswap.<\/li>\n
- First, open your Trust Wallet and click on the ‘You Pay’ icon. Select Loopring here and move to the ‘You Buy’ section, where you will select the cryptocurrency you want to exchange LRC for. It is basically the buying process in reverse.<\/li>\n<\/ul>\n
The other option is to convert your Loopring tokens for fiat money. If this is your desired option, you will have to use a third-party centralized exchange such as Binance. Transfer your Loopring tokens to your Binance account and sell the tokens there for fiat money. You can then withdraw the funds to your bank account.\u00a0<\/span><\/p>\nRemember, before you can do that on Binance, you must go through a KYC process.\u00a0<\/span><\/p>\nWhere Can You Buy Loopring Online?<\/b><\/span><\/h2>\nThere are several centralized and decentralized exchange platforms where you can buy Loopring. However, you must note that the Loopring token is best traded on decentralized platforms. This enables it to achieve its purpose of a time-conscious and cost-effective cryptocurrency. <\/span><\/p>\nAmong decentralized exchanges available today, Pancakeswap is a leading option.<\/span><\/p>\nPancakeswap \u2013 Buy Loopring Through a Decentralized Exchange<\/span><\/b><\/span><\/h3>\nPancakeswap is a decentralized exchange, meaning that it does not require a third party to trade. Instead, investors can buy and sell cryptocurrency directly and invest in other assets available. Furthermore, by eliminating intermediaries, transactions on Pancakeswap are more secured and the platform is easy to use.\u00a0<\/span><\/p>\nPancakeswap is also an automated market maker (AMM), which runs transactions with each investor independently. Therefore, rather than being matched against other traders when buying and selling, orders are paired using the liquidity pools. These pools contain funds from various investors, and also serve as a money-making opportunity.\u00a0<\/span><\/p>\n<\/p>\n
Furthermore, when investors put money in the pools, they receive Liquidity Provider tokens to claim their shares as and when due. Interestingly, unused tokens can be staked to gain returns, which increases the streams of income for investors. Additionally, this DEX has a fast execution speed and attracts very low transaction fees.<\/span><\/p>\nAnother reason Pancakeswap continues to be a favorite in Defi is that it allows you to swap various types of cryptocurrencies. This makes it easy for you to diversify your portfolio. Other features worth noting on Pancakeswap include the farms where investors can stake their tokens and hope for good harvests, the lottery, and the prediction feature.\u00a0<\/span><\/p>\nPros:<\/b>
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