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!
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“Ledger Secure” Wallet – Chrome Extension Scam [Update]
On January 2nd, 2020 the Bitcoin Enthusiast and Software Developer known as @WizardofAus sent out a Tweet warning people to uninstall and not to use the Chrome Browser Extension called “Ledger Secure”. This Tweet came after a fellow crypto trader of WizardofAus, @hackedzec got 600ZEC stolen from his crypto wallet by the author of the “Ledger Secure” browser extension.
The browser extension has since been reported and officially removed from the Chrome Web Store and the official Ledger Support Twitter account Tweeted a statement verifying that the extension was not legitimate and to uninstall it immediately. It is speculated that the extension developer “effectively phished by interposing between the user and the Ledger” as well as used a keylogger to print the victim’s security keys.
This scam does not affect your official Ledger wallet or devices, you should only be concerned if you installed the “Ledger Secure” browser extension and connected it to your official Ledger account.
If you have installed or used the “Ledger Secure” Chrome extension then contact Ledger Support immediately:
It is important to NEVER trust or use an illegitimate 3rd party company, wallet or storage device to store or trade your cryptocurrency, and only store it on an official wallet or device that has been validated and tested by industry professionals. Also, be sure to check the vendor’s website and confirm that the URL is secure using HTTPS (Green PadLock).
“Always assume that every browser extension is malware and not secure.”
How to Stay Safe:
It is always more secure to use a completely separate computer or device to store and trade your cryptocurrency than you use for your general browsing and internet use. If you have to use the same device then make sure to be extra safe and diligent about not using unique usernames and passwords. The best plan of action is to always assume that every browser extension is malware and not secure. It is also important to never store your cryptocurrency on an open exchange, they have been hacked in the past and are sure to be jeopardized in the future.
Official Ledger Wallet (Safest & Holds the Most Crypto)
Exodus Wallet (Free Software Wallet)
Bitcoin.org (Official Bitcoin Project)
Binance (World Wide Exchange)
IRS Coming For Your Crypto, Specific Crypto Question Added To 2019 Tax Forms
The IRS wants to know whether you traded cryptocurrency in 2019, a question it had never overtly asked taxpayers in the past.
In a new report on Monday covering fiscal 2019, the agency listed cryptocurrency and the gig economy as two key “emerging compliance areas that require attention” by the IRS. For crypto, that attention is taking the form of a new question on the 2019 Form 1040 (for additional income).
The question is at the very top of the form, and reads: “At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?”
watch out crypto tax evaders – the IRS is coming for you with a mean new checkbox pic.twitter.com/Fi9qrAy5bv
— 𝘽𝙄𝙇𝙇 𝙎𝙒𝙀𝙀𝙏 (@billsweet) January 3, 2020
The IRS already had official guidance on cryptocurrency, first posted back in 2014: the agency classifies cryptocurrency as property, rather than as currency, and thus taxpayers would treat crypto selling as capital gains (or losses) and disclose it on Form 8949—if you choose.
In the past, the common attitude in crypto land toward disclosing crypto gains on your taxes was that there was little to gain from doing so—you’d risk an audit if you did, and would likely fly under the radar if you didn’t.
Now the IRS is getting more serious.
The phrasing of the question is also creating some confusion, since it mentions not just selling and receiving crypto, but also sending or exchanging it. That prompted some crypto folks on Twitter to wonder whether simply sending bitcoin from one digital wallet to another requires disclosure on your taxes. That answer is no. In an extensive FAQ about virtual currency transactions on its website, the IRS specifies, “If you transfer virtual currency from a wallet, address, or account belonging to you, to another wallet, address, or account that also belongs to you, then the transfer is a non-taxable event.”
The IRS, in its report this week, also disclosed that in 2019 it sent “educational letters” to more than 10,000 taxpayers “who may have failed to properly report virtual currency transactions.” And the IRS cautions: “Virtual currency, also called crypto currency, will remain an important focal point for the IRS in 2020.”
This article originally featured in Yahoo Finance.
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