Loopring encompasses various components within its ecosystem, including the Loopring Project Ltd, the Loopring Exchange, the Loopring Protocol, the Loopring Relayer (the backend supporting the protocol), the Loopring Wallet, and its native token, LRC.
The Loopring Protocol operates as an open DeFi protocol, enabling other exchanges to build on it. It facilitates the trading of multiple crypto assets leveraging zero-knowledge proofs (zkRollups) to tackle the challenges of slow speeds and high costs associated with decentralized exchanges on the Ethereum network.
As a layer two solution, transactions are executed off-chain. By reducing the number of transactions executed on the Ethereum blockchain, Loopring exchanges can offer near-instantaneous settlements while minimizing the overall transaction cost for traders.
The Loopring decentralized exchange aims to create a hybrid platform, combining the strengths of centralized exchanges and decentralized exchanges, to address issues like structural limitations and transparency. This is achieved through a combination of centralized order matching and decentralized blockchain order settlement, utilizing zero-knowledge proofs (ZKPs) to enhance privacy, reduce costs, and achieve high speeds.
LRC tokens were initially introduced to the public through an ICO in August 2017. In December 2019, the Loopring protocol, built on the Ethereum blockchain, was officially launched, marking a significant milestone in the project's development.
How to buy
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with your preferred payment method with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit fiat currency safely and for free directly to your unique Tap account from your bank account. You can then use these funds to buy LRC or any other coin or token with a click on the Tap mobile app.
You can purchase Loopring directly with your debit card on the Tap mobile app in one smooth process. Deposit funds absolutely free of charge, then purchase your LRC for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Loopring at some of the market's best rates, making it ideal for traders who want to be on the same page.
Be at ease onboarding cryptocurrency knowing you’re using a fully regulated trading platform. Tap offers cutting-edge technology, token features and top security processes enabling biometric login and backend encryption and excellent customer support. You can rest assured that your funds, private data, and account are secure at all times.
Tap mobile app is the solution to all your digital assets problems, from where you can buy LRC tokens, to how to find the best Loopring price, to how to store Loopring. Become a savvy investor and buy Loopring with Tap today.
Get the best price for your crypto
Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available Loopring price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to ensure you buy and sell LRC at the best market price. Learn how to buy Loopring and tap into this integrated technology below.
Start investing in Loopring today and get started with as little as $10/€10. Buying LRC has never been this easy making it an ideal tool for everyone from beginner to seasoned trader.
Trade on the go, deposit crypto, earn rewards, build your wealth and join our ever-growing community of users in building a better financial future with Tap.
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What to do after buying