A Step-by-Step-Guide on how to buy Loopring (LRC)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first $10.
Step 2 – Transfer Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an 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 example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find (LRC) Loopring As soon as your deposit has been approved, you will now have access to your funds and you can launch invest and trading. To invest in (LRC) Loopring on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot (LRC) Loopring, you will need to put the cointype (LRC) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “LRC/BTC” to go ahead.
Step 4 – Acquisition of (LRC) Loopring After you've located (LRC) Loopring, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order. The field with the “Price” tag will be filled with the recent valuation (LRC) Loopring was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of LRC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of LRC. If you're glad, make a mouse click on “Buy LRC”. Your order will be filled as soon as a Vendor trades their LRC for the price you introduced.
Step 5 – Withdraw (LRC) Loopring Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time frame. To take off your (LRC) Loopring, hover over the tab called “Funds” and click on “Withdraw”. (LRC) Loopring can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LRC) Loopring by using the given drop-down box. Enter the volumen of (LRC) Loopring you'd like to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.