Buy Loopring (LRC) in the UK (2021)

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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.

ProviderPayment MethodTrading Fees
BinanceUK Bank TransferUp to 0.1%
Coinbase ProUK Bank TransferUp to 0.5%
Crypto.comUK Bank TransferVariable
Crypto.comCredit & Debit Card2.99%+
BC BitcoinUK Bank Transfer3% (Exclusive Discount)

Keep reading to learn more about your best options.

Best Ways to Buy LRC in the UK

1. Binance

Binance logo over their trading interface

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. In 2021, it supports more than 250 cryptocurrencies, has the most trading volume of any exchange, and has accumulated more than 15 million users.

Even better?

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

Overview of Option #1
  • Create a Binance account.
  • Complete verification to confirm who you are. You don’t have to do this, but you can’t deposit GBP using a UK bank transfer unless you complete this step.
  • Buy Tether (USDT) with your GBP on the GBP/USDT spot market.
  • Exchange your Tether (USDT) for Loopring (LRC) on the LRC/USDT spot market.

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.

Binance WebsiteBinance Review

2. Crypto.com

 

With the Crypto.com app, you can buy Loopring (LRC) and more than 100 other cryptocurrencies with UK bank transfer, credit card, or debit card.

If you use a card, you’ll be charged 2.99% in fees as a UK resident. However… 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 these fees.

Even though they advertise “true cost”, the exchange rate you’re quoted will be higher than you’d find on a cryptocurrency exchange (1%+).

Overview of Option #2
  • Create a Crypto.com account.
  • Download the app and complete identity verification. This didn’t take long for me.
  • Add your credit or debit card to the Crypto.com app.
  • Buy Loopring (LRC) with your connected credit or debit card. This will be processed instantly and you’ll now have the LRC in your account.

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.

Crypto.com ReviewDownload Mobile App

3. BC Bitcoin

BC Bitcoin logo header (version 2)

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.

Read reviews they’ve received on their Trustpilot page.

You’ll normally be charged 5% 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.

BC Bitcoin ReviewRegister Now

Thanks for Reading! 

Thanks for checking out this guide about how to buy Loopring (LRC) in the UK.

Have a question you want to ask?

Let me know in the comments section below!

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