How to Buy Loopring (LRC) in Australia
Loopring (LRC) powers a decentralised exchange protocol built on Ethereum, enabling efficient trading through zkRollup technology. Buy Loopring on Digital Surge with low fees and instant AUD deposits.
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How to Buy Loopring on Digital Surge in 3 Easy Steps
Buying Loopring has never been easier. Follow these quick steps to get started.
01.
Create an account
Sign up & verify on your mobile or desktop
02.
Deposit funds
Deposit AUD instantly with PayID
03.
Start trading
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Loopring Price & Market Data
Check out the latest Loopring price, stats, and market data.
Stats
- Market cap
- $22.50M
- Circulating supply
- 1.25B LRC
- Max supply
- 1.37B
- 24h trading volume
- $3.21M
- Rank
- #923
- All-time high
- $5.12 AUD Nov 25, 2021
- All-time low
- $0.01737953 AUD Jun 25, 2026
About Loopring
Loopring is an open-sourced token exchange protocol for decentralized exchanges. The protocol operates on three different blockchains; namely Ethereum, Neo, and Qtum. It is an 'automated execution system' that facilitates trade across different cryptocurrency exchanges. Loopring trades are done via a set of smart contracts that are open and free and can be used by Decentralized Applications (dApps). The Loopring protocol project is being governed by Loopring Foundation, a non-profit organization located in Shanghai, China.
Decentralized Exchange (DEX)
Smart Contract Platform
Exchange-based Tokens
Decentralized Finance (DeFi)
Arbitrum Ecosystem
1 LRC =
$0.02 AUD
-3.70%
What is Loopring and How Does It Work?
Loopring (LRC) is an open-source protocol that powers decentralised exchanges through zkRollup technology on Ethereum. Founded by Daniel Wang in 2017, Loopring was designed to solve scalability issues faced by traditional decentralised exchanges by processing transactions off-chain while maintaining Ethereum’s security guarantees.
The protocol uses smart contracts and zero-knowledge proofs to enable high-throughput trading with significantly reduced gas costs. Loopring’s zkRollup technology can process over 2,000 transactions per second while batching them into single Ethereum transactions, making decentralised trading more accessible and cost-effective for users worldwide.
- zkRollup technology – Processes thousands of transactions per second
- Gas cost reduction – Up to 100x lower fees than traditional DEXs
- Ethereum security – Inherits full security from the Ethereum mainnet
- Self-custodial trading – Users maintain control of their private keys
- Multi-blockchain support – Originally designed for Ethereum, Neo, and Qtum
Why Buy Loopring?
Loopring holders can participate in protocol governance and benefit from reduced trading fees on Loopring-powered exchanges. As decentralised finance continues growing, LRC serves as the utility token for one of the most technically advanced DEX protocols, offering users access to high-speed, low-cost trading infrastructure. The protocol’s zkRollup technology addresses major scalability challenges, making it valuable for traders seeking efficient decentralised exchange experiences without compromising security.
Loopring Storage Tips
How to Store Loopring Securely
After purchasing Loopring, you can store it securely in your Digital Surge wallet for easy access and trading. For additional security, you can transfer your LRC to:
Use Ethereum-Compatible Wallets
Store LRC in wallets supporting ERC-20 tokens like MetaMask, Ledger, or Trezor.
Consider Loopring Smart Wallet
The official Loopring smart wallet offers enhanced security and direct protocol integration.
Enable Two-Factor Authentication
Always activate 2FA on exchange accounts and wallet applications for added security.
Frequently Asked Questions
Yes, buying Loopring in Australia is legal. Digital Surge is registered with AUSTRAC, complying with Australian anti-money-laundering and counter-terrorism-financing requirements for cryptocurrency exchanges.
Yes, Loopring-powered decentralised exchanges are accessible globally including Australia. You can use LRC tokens to reduce trading fees and participate in governance decisions on platforms built with the Loopring protocol.
Loopring uses zkRollup technology to process over 2,000 transactions per second while maintaining Ethereum’s security. This enables up to 100x lower gas costs compared to traditional decentralised exchanges, making it highly efficient for frequent traders.
LRC token holders can participate in protocol governance by voting on proposals that affect the Loopring ecosystem. This includes decisions about protocol upgrades, fee structures, and other important network parameters.
We offer low and transparent trading fees starting from 0.1%, with no hidden costs. View our fee structure here.
You can deposit AUD instantly using PayID or via bank transfer — both with zero deposit fees. Most PayID deposits arrive in under 60 seconds.
Yes, in compliance with Australian regulations, all users complete a quick identity verification. Most verifications are approved within minutes, so you can start trading fast.
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