Buy Loopring

Loopring is a decentralized platform built on the Ethereum network where users should be able to exchange their assets quickly, securely and for the best price. With this, Loopring tries to solve the following three problems:

1. Price differences between exchanges; prices on exchanges are based on supply and demand. As demand and supply may differ per exchange, price differences may arise in some cases.
2. Spreading liquidity; the number of potential buyers and sellers is spread over several exchanges, which means that liquidity is spread.
3. Independence when saving your digital currency; if you have a third party manages your digital currency, you are not completely independent.

Loopring wants to solve the above problems by offering a decentralized and automated system that is connected to many central exchanges.

Loopring has built a decentralized platform which is connected to several central exchanges and on which automated orders can be executed. Here Loopring always looks at which exchange the best prices are available and it also has access to the supply and demand on multiple exchanges, which increases liquidity. Finally, the digital currency purchased is not stored on the central exchanges themselves but on the Loopring platform itself, which is decentralized.

Bitvavo makes it as easy as possible to buy the currency of the future.

1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Loopring. Access your Bitvavo wallet from every location, both mobile and desktop.

2. Transfer Funds
Transfer euros to your Bitvavo wallet using one of the 8 supported payment methods, including Credit Card. Instantly buy Loopring, once the payment is processed.

3. Trade
Buy or sell over 50 digital assets and pay a maximum trading fee of 0.25%. Send Loopring to an external wallet or store them on your Bitvavo wallet.

You need a wallet in order to store and use Loopring. There are several options for saving and using Loopring.

Hosted Wallet
Hosted wallets are wallets where the access keys to your Loopring are managed by a third party such as Bitvavo. Access to your account is protected by a password, and possibly other advanced security methods. Once you are logged in, you can easily and conveniently manage your Loopring online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform. Click here for more information about how Bitvavo saves your digital assets as securely as possible.

Software wallet
A software wallet is a program installed on your computer or any other desired device in order to use and manage your Loopring. By using a software wallet, you have full control over your "private keys" (and therefore your Loopring), so you are not dependent on third parties such as Bitvavo. The software wallet simplifies the process of accessing your Loopring. The risk is that if malicious parties have access to your device, your private keys (and therefore your Loopring) can be stolen.

Hardware wallet
A hardware wallet is a physical device on which you can store your Loopring offline. It is one of the safest ways to store your Loopring, because the private keys are stored on a seperate, offline, device. Access to this device is often protected by a password. In that respect, a hardware wallet can be compared to a safe in which your Loopring are stored.

You can use a hosted wallet, as offered by Bitvavo, to easily store, send and receive Loopring. However, you are, just like at a bank, dependent on a third party (Bitvavo) for storing your Loopring.

One of the advantages of Loopring is that you can send, receive and store your own digital assets without the relying on third parties. You do this by sending your Loopring, from your Bitvavo wallet, to your own software or hardware wallet.