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How to Buy Loom Network (LOOM)

A Step-by-Step-Guide on how to buy Loom Network (LOOM)

Step 1 – Join CEX.io

You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Loom Network (LOOM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (LOOM) Loom Network

Once your deposit has been verified, you'll directly have access to your finances and you can commence buying and trading. To purchase (LOOM) Loom Network on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To find (LOOM) Loom Network, you'll need to put the shortname of the coin (LOOM) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we've marked this also. Click on “LOOM/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Loom Network (LOOM)
Step 4 – Purchasing (LOOM) Loom Network

After you have discovered (LOOM) Loom Network, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the latest rate (LOOM) Loom Network was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of LOOM you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of LOOM.

If you are glad, make a mouse click on “Buy LOOM”. Your order will be filled as soon as a Vender trades their LOOM for the price you gave.

Step 5 – Withdraw (LOOM) Loom Network

Unless you're frequently trading, never keep your coins on an Crypto Exchange for an longer time frame. In order to take off your (LOOM) Loom Network, hover over the tab called “Funds” and mouse click on “Withdraw”. (LOOM) Loom Network can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LOOM) Loom Network by using the provided drop-down box. Put into the quantity of (LOOM) Loom Network you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed (LOOM) Loom Network.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LOOM) Loom Network is safe inside your wallet, you're done.