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How to buy Loopring (LRC) in Australia

Learn how to buy Loopring (LRC) on 23+ crypto exchanges in our step-by-step guide.


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Loopring (LRC) is the 223rd largest cryptocurrency by market cap, valued at US$323,157,079.

Loopring is a highly volatile asset capable of major price swings in a single day. Today LRC is trading for $0.259166 USD, which is higher than yesterday's trading price of $0.258143725 USD. Over the past year, Loopring's price has seen a decrease of -31%.

So before you buy Loopring, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Loopring.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Loopring in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Loopring is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Loopring
    You can now exchange your funds for Loopring. On beginner-friendly exchanges, this is as simple as entering the AUD or LRC amount you want to purchase and clicking "buy".
  5. Secure your Loopring
    Consider transferring your LRC to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Loopring in Australia

Find an exchange to buy, sell and trade LRC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 20
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID, Apple Pay, Google Pay, SWIFT



Capital at risk

View details
Finder AwardExclusive
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID



Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID



Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
eToro Crypto
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money



Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.

Capital at risk

View details
Finder Award
Binance Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID, Simplex, Banxa, Apple Pay, Google Pay



Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

How we keep this Loopring guide up-to-date

  • LRC price data is regularly updated through data feeds so you always have the latest information.

What is Loopring?

Loopring is a decentralised exchange (DEX) protocol on the Ethereum blockchain. It's designed to provide traders and institutions with a decentralised, automated trade execution system that implements trades across crypto exchanges, ensuring protection from counterparty risk and reducing the cost of trading.

Despite the fact that cryptocurrencies are designed to be decentralised, most people still buy, sell and trade cryptos on centralised platforms. Not only does this expose them to an increased risk of fraud and a lack of transparency, but it can also mean higher transaction fees and issues with liquidity.

It's important to note that Loopring is not a DEX itself – instead, it is an exchange protocol. By acting as an automated trading interface between crypto exchanges and blockchains, its role is to implement a user's trades across the world's crypto exchanges, providing protection against counterparty risk and reducing trading costs.

The Loopring system allows you to retain control of your tokens rather than sending them to an exchange, with smart contracts used to automatically execute trades while the funds remain under your control. Loopring is designed to break each order into small pieces, identify the best exchanges and times to trade those pieces and apply game theory logic to produce the best trading results.

The LRC token is the native utility token of the Loopring system.

How do I find the best places to buy Loopring?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Loopring?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Loopring.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing LRC with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Loopring?

Once you've created an account, you will need to deposit funds to buy LRC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy LRC:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase LRC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for LRC on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Loopring?

The easiest way to buy LRC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying LRC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Loopring has been performing recently.

Best Loopring wallets to store your LRC

You can keep your LRC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LRC below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets


Supported assets


Price (USD)


Price (USD)


Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Loopring a good investment?

    Today's Loopring price versus ATH

    Compare today's price of Loopring ($0.259166 USD) against its all-time-high price of $3.75 USD on 10 November 2021. The closer the bar is to 100%, the closer LRC is to reaching its ATH again.

    Loopring's price: $0.266131 USD
    ATH date: November 10, 2021

    Loopring ATH: $3.75 USD

    How to trade, convert or sell Loopring

    You can convert or sell your LRC with the same exchange you bought it through:
  1. Sign in to the exchange you have LRC on.
  2. If you store your Loopring in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of LRC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Loopring.
  6. Complete your transaction and move your LRC to a crypto wallet for storage.

How to buy other cryptos

Disclaimer: Cryptocurrencies, including Loopring, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LRC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Loopring or any other cryptocurrency discussed.

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