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.
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 Cash
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!
Mastering Cryptocurrency Trading: Your Comprehensive Guide to Ensuring Security in 2023
In the ever-evolving world of digital finance, cryptocurrency trading has emerged as a dynamic, lucrative, and sometimes volatile field. As we navigate through 2023, it’s crucial to understand the importance of security in this realm. This comprehensive guide aims to equip you with the necessary knowledge and tools to ensure your cryptocurrency trading journey is not just profitable, but also secure.
Understanding Cryptocurrency Trading
Before delving into the security aspects, it’s essential to have a firm grasp of what cryptocurrency trading entails. Cryptocurrency trading involves speculating on price movements via a CFD trading account or buying and selling the underlying coins via an exchange. From Bitcoin to Ethereum, the market is vast and varied, offering numerous opportunities for traders.
The Importance of Security in Cryptocurrency Trading
As the popularity of cryptocurrency trading continues to soar, so does the need for robust security measures. Cyber threats are a constant concern in the digital world, and the decentralized nature of cryptocurrencies makes them a prime target. Ensuring security in cryptocurrency trading is not just an option, but a necessity.
Comprehensive Guide to Ensuring Security in Cryptocurrency Trading
Secure Your Wallet
Your cryptocurrency wallet is where your digital assets reside. Ensuring its security should be your top priority. Opt for wallets with advanced security features, and always keep your private keys private.
Use Reputable Exchanges
Not all cryptocurrency exchanges are created equal. Stick to reputable platforms that prioritize user security and have robust security protocols in place.
Enable Two-Factor Authentication (2FA)
2FA adds an extra layer of security to your trading account, making it harder for unauthorized users to gain access. It’s a simple step that can significantly enhance your account’s security.
The cryptocurrency landscape is constantly changing. Stay updated with the latest news and updates, especially those related to security. Knowledge is your best defense against potential threats.
Regularly Monitor Your Investments
Regular monitoring can help you spot any irregularities in your account. If you notice anything unusual, take immediate action.
Cryptocurrency trading in 2023 can be a profitable venture, but it’s crucial to prioritize security. This comprehensive guide provides you with the basics of ensuring your trading activities are secure. Remember, in the world of digital finance, staying informed and vigilant are your best security measures.
Ready to dive into the world of cryptocurrency trading? Remember, security is paramount. Stay safe, stay informed, and happy trading!
By following this comprehensive guide, you’ll be well on your way to mastering the art of secure cryptocurrency trading.
Hackers Have Continued To Target Cryptocurrency Exchanges, And Little Can Be Done About It.
This month, the crypto trading platform Bitmart announced that hackers had stolen nearly $200 million after breaking into a company account.
It’s not just about investors getting rich from cryptocurrencies.
Hackers have stolen billions of dollars in virtual assets from cryptocurrency exchanges during the last year by attacking some of the marketplaces that have developed throughout the bitcoin boom.
There have been at least 20 successful robberies of crypto exchanges or projects this year, totaling more than $10 million in digital currencies. In at least six cases, hackers stole more than $100 million, according to data compiled by NBC News. Bank robberies last year resulted in offenders pulling off an average of less than $5,000 per job, according to FBI statistics.
Despite the fact that these robberies have a large price tag, they do not usually have the same degree of drama or attention as traditional bank robberies. But cryptocurrency experts believe they provide a cautionary tale for would-be cryptocurrency investors: exchanges are now attractive targets for hackers.
“If you hack a Fortune 500 company today, you might steal some usernames and passwords,” said Esteban Castaño, the CEO and co-founder of TRM Labs, a company that builds tools for companies to track digital assets. “If you hack a cryptocurrency exchange, you may have millions of dollars in cryptocurrency.”
Modern-Day bank robbers
Cryptocurrencies, which were once an obscure technology requiring a high degree of technical knowledge to purchase, have evolved into a more accessible investment and speculation tool, prompting over 300 businesses to start up in recent years to provide individuals with an easy method to invest in and trade everything from bitcoin to less prominent “altcoins” like dogecoin and shibu.
Exchanges that trade cryptocurrencies work similarly to traditional money exchanges, establishing rates for various currencies and collecting a fee to enable trades. However, while several countries have tough rules in place, it is rather simple for technology entrepreneurs to establish an exchange almost anywhere throughout the globe and run it as they choose.
Cryptocurrencies, as the name implies, are decentralized, secure currencies. However, because cryptocurrency exchanges generally start with a small staff and few if any full-time cybersecurity specialists, they are especially vulnerable to cybercriminals. Their developers may work at breakneck speeds to get the code to run correctly, inadvertently creating vulnerabilities that allow hackers access.
Cryptocurrency exchanges keep many of their cryptocurrencies in so-called cold wallets, which are stored securely offline. Everything else is kept in “hot wallets,” which are liquid and can be sent to clients. That means if a hacker compromises a staff member’s account — a frequent internet security breach – they may pull off a large theft, according to Dave Jevans, the founder of CipherTrace, a company that tracks theft and fraud in cryptocurrencies.
“If you steal the private keys to a hot wallet, it’s not like stealing a database of people’s names and Social Security Numbers,” Jevans said. “You’ve just basically stolen all their money.”
If an exchange has adequate funds and plans ahead to create an emergency fund, it can reimburse customers if its system is assaulted, according to Jevans. If not, they are generally forced out of business.
“Not every exchange is so wealthy or has so much foresight. It just goes, pop, ‘We’re out of business. Sorry, you’re all screwed,’” he said.
Recent Cryptocurrency Exchange Hacks
In early December, when the cryptocurrency trading platform Bitmart announced that hackers had stolen almost $200 million from a firm account, one of the most significant robberies that has occurred. The firm shut down client transactions for three days before allowing them to resume trading their money.
The problem is made worse by the fact that many cryptocurrency projects, in order to avoid government controls, operate from nations where law enforcement agencies have little power to go after transnational hackers. Or if they are hacked, they are less likely to ask for government assistance on principle because of their beliefs, according to Beth Bisbee, CEO of Chainalysis a company that tracks cryptocurrency transactions for both private companies and government agencies.
“Some people want to be anti-bank and anti-oversight,” Bisbee said. “They’re not necessarily wanting to work with law enforcement, even though they’d be considered a victim and it’d be beneficial for them to do so.”
Keeping A Low Profile
Exchange hacks, unlike bank robberies of old, don’t have the same characteristics that made them front-page news in the past. Despite their significant dollar amounts, public attention to these breaches may be limited. The majority of exchange hackers are not caught, leaving customers with little closure. There is rarely any physical evidence or real-world aftermath like traumatized bank tellers or perp walks.
Some hacks, however, have pleasant endings. A hacker stole $600 million from the cryptocurrency platform Poly Network in a strange, public occurrence. Instead of blaming the thief, Poly Network instead appealed to his better nature by calling him “Mr. White Hat,” which is a cybersecurity term for a researcher working to make things more secure. Poly Network thanked him for exposing a flaw in its code and asked for the money back. The hacker eventually relented and returned it all.
When big law enforcement organizations tackle a major cryptocurrency breach, they typically attempt to track down every lead, which is a time-consuming procedure that moves much slower than the offenders they’re pursuing.
Europol has been of an increase in data breaches, including those that involve hackers stealing digital assets. However, forming a strong case is a time-consuming and laborious process that doesn’t keep up with the rate of attacks.
“We have a slew of investigations in progress right now,” Georges added. “They take a long time to complete because we also want to dismantle the entire criminal network,” she continued. “These instances frequently crossover with one another.
“They might go on indefinitely,” she added. “These inquiries generally take a long time.”
Bitcoin (BTC) Crosses 55k And Is Heading Towards 60k Fast!
Less than two months into 2021, the price of bitcoin has risen 95.4%.
Based in the United States and want to trade via Binance.US? Click here to sign up now!