How to Buy Loom Network (LOOM)

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

Step 1 – Signup to CEX.io

You will first need to buy units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Loom Network (LOOM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (LOOM) Loom Network

Once your deposit has been confirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To purchase (LOOM) Loom Network on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find (LOOM) Loom Network, you'll need to put the short name of the asset (LOOM) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “LOOM/BTC” to proceed.

Binance Hot To Buy Loom Network (LOOM)
Binance How to Buy (LOOM) Loom Network
Step 4 – Purchasing Loom Network (LOOM)

After you have discovered Loom Network (LOOM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order.

The ”Price” field will be filled automatically with the latest tariff Loom Network (LOOM) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of LOOM you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete volumen of LOOM.

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

Step 5 – Withdraw Loom Network (LOOM)

Unless you are trading, never keep your crypto coins on an Crypto Trader for an extensive time frame. In order to take off your Loom Network (LOOM), go to the tab called “Funds” and mouse click on “Withdraw”. Loom Network (LOOM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Loom Network (LOOM) by using the given drop-down box. Put into the volumen of Loom Network (LOOM) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Congratulations! You've successfully bought and safed (LOOM) Loom Network.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (LOOM) Loom Network is safe within your wallet, you are finished.