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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 buy one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Loom Network (LOOM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Loom Network (LOOM)

Once your deposit has been affirmed, you will instantly have access to your finances and you can start purchasing and trading. To invest in Loom Network (LOOM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To spot Loom Network (LOOM), you will need to insert the short name of the asset (LOOM) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this too. Click on “LOOM/BTC” to continue.

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

Once you've located Loom Network (LOOM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Loom Network (LOOM) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of LOOM you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of LOOM.

If you're satisfied, click on “Buy LOOM”. Your plan will be filled as soon as a Vendor sells their LOOM for the price you introduced.

Step 5 – Withdraw Loom Network (LOOM)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. To withdraw your Loom Network (LOOM), go to the tab called “Funds” and click on “Withdraw”. Loom Network (LOOM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Loom Network (LOOM) by using the given drop-down box. Enter the volumen of Loom Network (LOOM) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be asked for verfication via phone/email before a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Loom Network (LOOM) is safe within your wallet, you are finished.

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