Where’s the best place to buy Loopring (LRC) in the UK?
In short, Binance is your cheapest option. You can deposit GBP into this cryptocurrency exchange for FREE and you’ll be charged maximum trading fees of 0.1%.
Check out this quick guide to learn more.
Summary: Buy Loopring (LRC) in the UK
Here’s a quick overview of where you can buy Loopring (LRC) in the UK with various payment methods.
|Provider||Payment Method||Trading Fees|
|Binance||UK Bank Transfer||Up to 0.1%|
|Coinbase Pro||UK Bank Transfer||Up to 0.5%|
|Crypto.com||Credit & Debit Card||2.99%|
|BC Bitcoin||UK Bank Transfer||5%|
Keep reading to learn more about your best options.
Best Ways to Buy LRC in the UK
Binance is the cheapest place where you can buy Loopring (LRC) in the UK.
Founded in mid-2017, Binance quickly rose to become of the best cryptocurrency exchanges in the world.
UK residents can now deposit GBP into Binance with a UK bank transfer (for free). This is processed via the Faster Payments Service (FPS), which means that your money will be credited quickly into your GBP wallet on Binance (under 15 minutes after your first deposit).
Trading fees are low, too. The maximum you’ll pay is 0.1%, but this will be reduced if you trade more OR just use Binance Coin (BNB) to pay your fees
You can’t buy Loopring (LRC) directly with GBP on Binance, so you’ll need to buy one of the cryptocurrencies that can be exchanged for it.
In the quick process above, I’ve chosen Tether (USDT). This is mainly because it’s the Loopring (LRC) market that has the highest trading volume (which means there should be less slippage).
But if you prefer, you could buy a different cryptocurrency to exchange for Loopring (LRC).
Check out their website to learn more.
With the Crypto.com app, you can buy Loopring (LRC) and more than 90 other cryptocurrencies with a credit or debit card.
If you use a card, you’ll be charged 2.99% in fees as a UK resident. Crypto.com will quote you the real exchange rate – so there are no hidden fees to worry about when using this app.
If you create a new account on the Crypto.com app, you’ll get these fees waived for the first 30 days. This means you can buy Loopring (LRC) in the UK with a credit or debit card without paying ANY fees. Yep, 0%.
You can do much on the Crypto.com app than just buy, sell, and store cryptocurrencies like Loopring (LRC).
In particular, the Crypto.com Visa Card is one of the best crypto debit cards available in the UK – offering up to 8% in cashback.
Check out my review or download the app and test-drive it yourself.
3. BC Bitcoin
BC Bitcoin is a cryptocurrency broker that allows you to buy and sell hundreds of cryptocurrencies – including Loopring (LRC).
They support a few payment methods, but you’ll be charged the lowest fees if you use a UK bank transfer.
One thing I like about BC Bitcoin is that there’s nothing hidden in the exchange rate. They’re 100% upfront about all the fees you’re going to pay if you use them.
But there’s no doubt about it:
Cryptocurrency brokers like BC Bitcoin are more expensive than using a cryptocurrency exchange. However, using a broker is more straightforward and you’ll get better support if you have any questions or problems along the way.
You’ll normally be charged 4% in fees if you buy Loopring (LRC) using a UK bank transfer on BC Bitcoin. However, this will be reduced to 3% if you register on their site using the link below.
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