How to Buy LoopringCoin V2 (LRC) in 2025
As the demand for efficient and low-cost decentralized trading solutions grows, Loopring continues to stand out as a pioneer in the Ethereum Layer 2 space. In 2025, its token—LoopringCoin V2 (LRC)—remains a key player among DeFi assets, especially for those interested in scalability and user-friendly DEX trading. Whether you’re new to crypto or an experienced user looking to explore Layer 2 assets, here’s everything you need to know about buying and storing LRC this year.
What is LoopringCoin V2 (LRC)?
LoopringCoin V2 (LRC) is the updated version of the native utility token for the Loopring protocol, a Layer 2 solution built on Ethereum that enables fast and low-cost decentralized trading and payments. Originally launched in 2017, Loopring introduced zkRollup technology to make trading on Ethereum faster and significantly cheaper without compromising security.
LRC quickly gained popularity as decentralized exchanges faced limitations in transaction speed and high gas fees. Loopring’s architecture, backed by zero-knowledge proofs, attracted attention for being one of the first live zkRollup implementations. The V2 version of the token enhances staking mechanics, governance functionality, and rewards distribution across the network.
As of 2025, LoopringCoin V2 plays an important role in a variety of DeFi applications and continues to be integrated into wallets, dApps, and Web3 ecosystems that aim for scalability without sacrificing decentralization.
How does LoopringCoin V2 (LRC) work?
LRC is central to the operation of the Loopring Layer 2 protocol. Its functions include:
- Staking and protocol security. Users can stake LRC to participate in network maintenance, earn rewards, and enhance the protocol’s decentralization.
- Fee discounts. Traders using Loopring-based DEX platforms receive fee discounts when paying in LRC.
- Governance. Token holders can participate in decision-making regarding protocol upgrades and economic changes.
- Incentives. LRC is distributed as a reward to liquidity providers, market makers, and relayers who contribute to the protocol.
LRC operates as an ERC-20 token and benefits from full Ethereum compatibility, while taking advantage of zkRollup Layer 2 scaling for near-instant, low-cost transactions.
Top 10 Best Crypto Wallets to Buy LoopringCoin V2 (LRC) in 2025 – Comparison
To manage LRC efficiently, choose a wallet that supports ERC-20 tokens, offers staking and DeFi access, and ensures strong user control. Here are the top 10 wallets for buying and storing LRC in 2025:
1. Walletverse
Walletverse is a modern mobile crypto wallet tailored for seamless DeFi interaction. It supports over 600 cryptocurrencies, including LRC, and offers easy purchasing through fiat payment options.
- Features: Multi-currency support, biometric/passcode protection, Apple Pay & Google Pay integration, Solana staking, dApp access.
- Pros: Self-custody, intuitive UI, multi-account management, top-tier security, supports USD, EUR, INR, KZT, CAD, AUD and more.
- Cons: Currently mobile-only.
2. MetaMask
A widely-used Ethereum wallet available as a browser extension and mobile app. It’s ideal for interacting with Layer 2 protocols like Loopring.
- Pros: Fully customizable, widely adopted, easy dApp access.
- Cons: Steeper learning curve for beginners.
3. Coinbase Wallet
A non-custodial wallet from Coinbase that supports LRC and a broad range of ERC-20 tokens.
- Pros: Clean interface, dApp browser, secure backups.
- Cons: May lack some advanced DeFi features.
4. Trust Wallet
A versatile mobile wallet supporting thousands of tokens, including LRC, with built-in staking and swapping features.
- Pros: User-friendly, in-app swaps, supports NFTs and dApps.
- Cons: No native desktop version.
5. Ledger Nano
A leading hardware wallet offering cold storage for LRC and full ERC-20 support via the Ledger Live app.
- Pros: Ultimate offline security, trusted hardware.
- Cons: Requires physical device, less convenient for daily use.
6. ZenGo
ZenGo is a keyless crypto wallet that offers enhanced security through biometric authentication and encrypted backups.
- Pros: No seed phrase to manage, ideal for beginners.
- Cons: Limited DeFi flexibility.
7. imToken
A mobile-first wallet known for strong Ethereum and Layer 2 support.
- Pros: dApp integration, fast performance, secure.
- Cons: Primarily focused on Asian markets.
8. Trezor Wallet
Trezor is a reputable hardware wallet with open-source architecture and secure offline key storage for LRC.
- Pros: Community-trusted, long-term storage option.
- Cons: Physical hardware required for access.
9. Atomic Wallet
A self-custodial software wallet supporting over 500 tokens with in-app exchange and staking.
- Pros: Wide token support, easy to use, private key control.
- Cons: No direct hardware wallet integration.
10. Exodus
A multi-platform wallet with a beautifully designed UI and support for ERC-20 tokens like LRC.
- Pros: Available on desktop and mobile, built-in token swaps.
- Cons: Not fully open-source.
Where Can I Store LoopringCoin V2 (LRC)?
LRC can be stored in any wallet that supports Ethereum-based tokens, but for best results, opt for wallets that offer additional features like staking, dApp access, and fiat on-ramps. Walletverse stands out as an all-in-one mobile wallet with advanced security, multi-currency support, and easy LRC management. With biometric authentication and self-custody, Walletverse ensures only you have access to your funds.
LoopringCoin V2 (LRC) remains at the heart of one of Ethereum’s most efficient Layer 2 solutions. Its role in fast, low-cost decentralized trading makes it an appealing choice for investors and DeFi users alike. With accessible tools like Walletverse, buying and storing LRC in 2025 has never been easier or more secure.
FAQ
Most frequent questions and answers
LRC supports a protocol that addresses Ethereum’s key challenges—speed and cost. Its real-world utility in decentralized exchanges gives it strong potential, though like any crypto, it comes with market risks.
LRC can be bought on major crypto exchanges. For a secure and convenient experience, Walletverse lets you buy LRC using Apple Pay, Google Pay, or credit/debit cards in various fiat currencies.
LRC is used for staking, governance, earning trading fee discounts, and rewarding participants in the Loopring protocol. It helps secure and incentivize the efficient operation of Layer 2 decentralized exchanges.