Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong.
Buy Loopring: Loopring is an zkRollup exchange and payment protocol. But what in the world does that mean? Let’s break it down.
First, we need to understand Ethereum. It’s a blockchain platform that allows developers to create decentralised applications (dApps) and smart contracts. Think of it as a global computer where transactions are transparent and protected.
This term might sound a bit technical, but hang in there. zkRollup is a scaling solution for Ethereum. It stands for “Zero-Knowledge Rollup.”
Essentially, it bundles many transactions together and submits them to the Ethereum blockchain as a single batch. This significantly reduces fees and speeds up transactions.
Loopring combines the benefits of zkRollup with an exchange and payment system. It’s a crypto exchange where you can trade tokens and make payments.
transactions cost a fraction of what you’d pay on the regular Ethereum network. This makes it attractive for traders and anyone who wants to move crypto around without breaking the bank.
Remember those slow Ethereum transactions? Loopring fixes that. It processes thousands of transactions per second.
Loopring’s zkRollup technology ensures that your funds are protected.
Loopring’s native token is called LRC. People buy LRC for various reasons.
-Staking: You can stake LRC to earn rewards.
-Governance: LRC holders can vote on protocol upgrades.
-Trading: Some people trade LRC for investor return.
Imagine you want to swap your Ethereum for another token. Instead of going to a single exchange, Loopring aggregates liquidity from multiple sources. This means better prices.
When you place an order, Loopring creates an “order ring.” It matches your trade with other users’ orders to get you the most effective deal. It’s like a crypto matchmaking service.
Loopring bundles all these orders into a zkRollup batch. This batch is then submitted to Ethereum, saving gas fees and ensuring protection.
Loopring is effective and competitive. People buy LRC tokens to participate in this ecosystem.
Download the CoinJar App: Get the CoinJar app on iOS or Android.
Create an Account: Sign up for an account and verify your ID. UK residents are required (in accordance with local legislation) to complete an assessment and to wait 24-hours (see below).
Transfer from Your Bank Account: Use bank transfer, PayID, or Osko to deposit funds into your CoinJar account.
Select Loopring (LRC): Once your funds are in your CoinJar account, search for “Loopring” or find it in the list of available cryptocurrencies.
You can buy Loopring instantly using a credit or debit card. Alternatively, you can convert other cryptocurrencies to with a single click.
Complete the Purchase: Confirm the transaction and wait for the purchase to process.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits. CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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