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Cryptocurrency

How To Buy LOOPRING (LRC) [Quick & Easy Guide] 2018

This Guide Will Explain How You Can Buy LOOPRING.

Before you purchase LOOPRING we recommend obtaining a secure wallet so you have a destination for your newly purchased crypto.

Buy LOOPRING  with Credit Card, Debit Card, or Bank Account.

Currently, there is no direct way to buy LOOPRING with a credit card*, debit card, or bank account on any US Exchange.

The cheapest and most efficient way to obtain LOOPRING is to first purchase Litecoin, Ethereum or Bitcoin through Coinbase (Currently LTC/ETH offers a much lower transfer and exchange fee than Bitcoin.)

To get started launch the link below and sign up for your free Coinbase account right now.

Buy Bitcoin/Litecoin/Ethereum/Bitcoin Cash On Coinbase

Once you have successfully purchased your Litecoin/Ethereum/Bitcoin you can use an exchange such as Binance to convert your LTC/ETH/BTC to LOOPRING in about 5-10 minutes (depending on the market).

Click Here To Learn How To Trade Cryptocurrencies On Binance

Note: Coinbase is currently available in the United States, Canada, Europe, UK, Singapore, and Australia.

*Most major credit card companies restrict purchasing cryptocurrency on credit. Check with your credit provider for more information.

Get a LOOPRING Wallet

Caution: Please note that we at Cryptobase would recommend never storing any crypto on an exchange.

  • Exchanges are designed for short-term activity such as trading, buying, and selling. Only wallets offer you long-term secure storage.

Always withdrawal your LOOPRING to an offline wallet like the Ledger Nano S or any other wallet that you control.

Buy LOOPRING with PayPal

There is no way to directly buy LOOPRING with PayPal.

Buy LOOPRING with Cash

There is no way to directly purchase LOOPRING with cash.

  • You can buy Bitcoin with Cash via an ATM and use an exchange like Binance to trade BTC for LOOPRING.
  • Or use a service like Local Bitcoin to buy BTC from a verified seller and use Binance to trade BTC for LOOPRING.

Looking to buy LOOPRING with cash or credit no hassle? Email CryptoBase we can help!

Buy LOOPRING with Bitcoin

You can use Binance to trade BTC for LOOPRING

Buy LOOPRING with Ethereum

You can use Binance to easily exchange ETH for LOOPRING

Frequently Asked Questions

Where can I learn more on trading cryptocurrencies like LOOPRING?

We recommend checking out CryptoCoin Academy to learn how to trade smart and maximize your investments. They offer detailed step by step courses and trading tips for beginners looking to invest in cryptocurrencies.

Readers of The Cryptobase get %25 off their first month by signing up through this link!

Why is there no direct way to buy LOOPRING in many cases?

LOOPRING only recently gained popularity so in many cases it is still not supported by all exchanges.

  • This will likely change soon as cryptocurrency goes mainstream and exchanges add support for more coins.

Can anyone buy LOOPRING?

If you are able to buy cryptocurrency in your country, then you can buy LOOPRING.

Can you buy LOOPRING with Coinbase?

As we mentioned above, this is not possible. Coinbase only lets you buy 4 coins directly:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin

Which payment method is best to use?

Currently buying Ethereum or Bitcoin with a bank account then exchanging it for LOOPRING is the cheapest way. This is because currently, Ethereum has some of the lowest transfer and exchange fees compared to Bitcoin.

  • For speed, buying crypto with a credit card is best but usually comes with a much higher fee.

What should I do with my LOOPRING once I buy it?

You should store your LOOPRING in a secure wallet.

Can you sell LOOPRING?

Yes, you can by transferring the LOOPRING from your wallet back to an exchange such as Binance!

Bitcoin

Bitcoin Price Hits 8-Month High Close to $7K

There seems to be no stopping the bitcoin (BTC) freight train.

The leading cryptocurrency by market value jumped to $6,964 at 06:00 UTC today on Bitstamp, the highest level since Sept. 5, 2018, having found acceptance above the crucial 200-week moving average at $6,500 in early Asian trading hours.

Prices have set a new multi-month high for the fourth straight day and have rallied in excess of over 70 percent in the last 5.5-weeks.

Notably, with the sharp rally, the 100-day MA of bitcoin’s price has moved above the 200-day MA. That is the first bullish crossover between the two averages since July 2015.

The development further confirms the long-term bearish-to-bullish trend change signaled by several technical indicators, including a golden crossover, over the last few weeks.

The moving average studies, however, are lagging indicators and have limited predictive abilities, as they take old price history into account.

Even so, investors may take heart as a similar crossover in July 2015 was followed by a 2.5-year bull run.

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Binance

Binance got hacked for $40 Million Dollars in Bitcoin, is your money safe?

The short answer is Yes, your money is safe.
Fortunately, Binance was prepared and your money is safe in due to SAFU. Meaning the ‘Secure Asset Fund for Users’ will cover this completely. This is the very reason Binance is self-insured.

Technically speaking the Binance exchange itself was not hacked, it has officially been stated by Binance that a large number of API Keys, 2FA Codes, and other user info was acquired by said hackers utilizing techniques such as phishing, viruses and other types of digital attacks. This means that it was user accounts that were compromised by the users themselves and not Binance.

In an age where digital security is more important than ever, this is a stark reminder to keep your data safe and secure at all times.

TLDR About the Binance Hack:

• 7000 BTC was stolen
• The BTC was stolen from Binance’s Hot Wallet
• Binance’s Hot Wallet holds only 2% of their total holdings
• All funds are insured and do not affect users

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Bitcoin

Why Is Bitcoin Not Taking Off In 2019?

PEAK BITCOIN

As you are likely referring to the price, Bitcoin is quite frankly doing what it has always done, as in go through a cycle. Right now it appears to be in the accumulation phase before it starts to climb and then vault higher than it was before.

If you take a look at this Bitcoin chart and go back to what happened in the run up to late 2013, it extremely similar to 2017, and then what happened directly after in 2014, 2015 and 2018, 2019 is quite similar.

 

We can see from the chart that there was a prior accumulation phase happening throughout 2015 and 2016 after the drop in 2014 subsequent to the spike in 2013. But this is dwarfed by the spike that happened in late 2017.

The other point to note is that Bitcoin is not unique when it comes to this cycle, it has happened before in many different markets. It’s just that Bitcoin is a new technology phenomenon that is following a very similar path. Of course we can never be certain as to how long the current phase will last, but when it’s done I suspect a lot of people will look back once again and wish they had accumulated during this phase.

Finally, whether it still has further to drop or not won’t really have any substantive bearing on the ultimate long term trajectory in our honest opinion.

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TRADE CRYPTO

BUY BTC/LTC/ETH

STORE YOUR CRYPTO

Ledger Nano S - The secure hardware wallet

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