Score
LOOPRING
United Kingdom
5-10 years
Suspicious Regulatory License|
Medium potential risk
https://loopring.io/trade/作废
Website
Influence
A
Influence Index NO.1
United States 4.14
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LOOPRING Exchange Info
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Customer Service Email AddressWikiBit Risk Alerts
1It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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7 Days
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LOOPRING User Reviews
| Aspect | Information |
| Company Name | OOPRING |
| Registered Country/Area | Singapore |
| Founded Year | 2017 |
| Regulatory Authority | Unregulated |
| Number of Cryptocurrencies Available | Over 100 |
| Fees | 0%-0.2% |
| Payment Methods | Cryptocurrencies, FIAT currencies |
| Customer Support | 24/7 live chat, Email |
Overview of LOOPRING
LOOPRING is a Singapore-based virtual currency exchange company that was founded in 2017. The exchange offers a lot of cryptocurrencies, with over 100 options available for trading. Customers can conveniently trade using LOOPRING's platform, which charges a 0.1% fee per transaction. The exchange supports both cryptocurrencies and fiat currencies as payment methods. LOOPRING provides customer support services 24/7, with live chat and email options for assistance.
Pros and cons
| Pros | Cons |
| Wide range of cryptocurrencies available | No regulation |
| Supports both cryptocurrencies and fiat currencies | Limited information about security measures |
| 24/7 customer support |
Regulatory Authority
LOOPRING is not regulated by any regulatory authority, which may raise concerns about the transparency and oversight of the exchange. As a result, the regulatory situation of MEXC remains unclear, potentially exposing users to risks associated with unregulated exchanges.
Security
It is advisable for traders to prioritize security when choosing a virtual currency exchange. They should ensure that the exchange has implemented robust security protocols, such as two-factor authentication and cold storage for digital assets.
Cryptocurrencies Available
LOOPRING offers a wide range of cryptocurrencies for trading on its platform. With over 100 options available, users can engage in various trading opportunities and diversify their portfolios.
Apart from cryptocurrency trading, LOOPRING primarily focuses on providing a reliable and accessible platform for virtual currency exchange. It supports both cryptocurrencies and fiat currencies as payment methods, offering greater convenience and flexibility in transactions.
How to open an account？
All you need to register an account is an Ethereum address. Registering an account means your Ethereum address is tied to a “slot” (Account ID) in the off-chain account system (the Merkle tree). This takes one on-chain transaction, and so that means paying a gas fee on Ethereum, and waiting for the transaction to be confirmed. Then it takes 5–30 minutes longer for the account to be created on the zkRollup, and reflected on your interface
Fee
Loopring Exchange charges fees per service type. Each service has a flat-fee and a percentage fee. For the percentage fee, there is a minimum-fee applied, so if the percentage does not hit the minimum, the minimum fee is in effect. The actual fee charged for a service is flat_fee + max(minimum_fee, percentage_fee * volume).
All users share the same flat-fees and minimum-fees, but VIPs have different percentage fee settings.
The following is a section of the table regarding fee：
| Service | Flat-Fee | Minimum-Fee | Normal User | VIP1 | VIP2 | VIP3 | VIP4 |
| Stablecoin orderbook trade [0] | - | maker:0, taker:2,750 GAS [2] | maker：-0.02%, taker：0.04% | maker：-0.02%, taker：0.04% | maker：-0.02%, taker：0.04% | maker：-0.02%, taker：0.04% | maker：-0.02%, taker：0.04% |
| Other orderbook trade [0] | - | maker:0, taker:2,750 GAS [2] | maker：-0.02%, taker：0.30% | maker：-0.02%, taker：0.25% | maker：-0.02%, taker：0.20% | maker：-0.02%, taker：0.15% | maker：-0.02%, taker：0.10% |
| AMM swap | - | 2,750 GAS [2] | 0.10% + 0.20%(liquidity provision fees) | 0.10% + 0.20%(liquidity provision fees) | 0.10% + 0.20%(liquidity provision fees) | 0.10% + 0.20%(liquidity provision fees) | 0.10% + 0.20%(liquidity provision fees) |
| AMM exit | 100,650 GAS [3] | - | - | - | - | - | - |
| AMM join | 100,650 GAS [3][4] | - | - | - | - | - | - |
| L2-to-L2 transfer | 700 GAS [3] | - | - | - | - | - | - |
| L1-to-L2 transfer (Deposit) | - | - | - | - | - | - | - |
| L2-to-L1 transfer (Withdrawal) | 45,050 GAS [3] | - | - | - | - | - | - |
| L2-to-L1 forced transfer (Forced Withdrawal) | 0.02 ETH | - | - | - | - | - | - |
| L2-to-L1 fast transfer (Fast Withdrawal) [1] | - | 145,050 GAS [3] | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Submit order | - | - | - | - | - | - | - |
| Cancel order | - | - | - | - | - | - | - |
| Set L2 EdDSA key [2] | 16,050 GAS [3] | - | - | - | - | - | - |
Payment Methods
LOOPRING supports both cryptocurrencies and fiat currencies as payment methods. This means that users can make deposits and withdrawals using various cryptocurrencies or traditional fiat currencies.
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13 ratings