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Loom Network

How & Where to Buy Loom Network A Step-by-Step Guide to Buying LOOM

  1. Sign up at Coinbase, the #1 rated LOOM exchange.
  2. Fund your account with cash or crypto.
  3. Buy Loom NetworkLOOM
  1. STEP 1Find the Best LOOM Exchange
    • fLpdtiaZ
      Ease of use
      Easy
      Time to 1st Buy
      2 hrs
      24h Volume
      $
      Coins
      59

      No platform has been able to attract first-time cryptocurrency investors quite like Coinbase. Each quarter, millions of new users sign up and take advantage of the simplest and smoothest customer purchasing journey in the market. Coinbase also aims to educate beginners, paying them in crypto to learn about different projects.

    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    • bithumb exchange
      Ease of use
      Difficult
      Time to 1st Buy
      3 hrs
      24h Volume
      $181,059,787
      Coins
      178

      South Korea’s number one crypto exchange, which offers both a Korea-only and a global platform. On the native platform, fees are based on an interesting ticket system, whereas Bithumb Global trading fees are fixed. Plenty of coins to choose from, as well as an education platform that can reward learners for their participation.

    Go to Coinbase and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Loom Network Loom NetworkLOOM quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy LOOM with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for LOOM.

Frequently Asked Questions About Buying & Selling Loom Network (LOOM)

How do I Buy LOOM with Crypto?

If you want to buy LOOM with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Coinbase and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Coinbase.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Loom Network (LOOM)?

To sell LOOM, simply reverse the buying process described above. You will likely need to trade your Loom NetworkLOOM into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Loom Network Research Center

Loom Network Technical Details & Statistics

Tokenomics
  • Market Rank369
  • Market Cap93,990,609
  • Circulating Supply1,000,000,000
  • Total Supply1,000,000,000 LOOM
Yesterday's Trading
  • 24 HR Volume14,328,202 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Loom Network?

The Loom Network is an Ethereum-based cryptocurrency platform created specifically to make DApps easier to build and faster to run. It offers its users numerous example apps and starter development kits for those who want to program DApps in Unity, Cocos, Phaser, JavaScript, or GoLang. Running in tandem to Loom Network’s belief that DApps should be easy to build and available to anyone to use is their belief that Ethereum will soon be “the backbone of the new internet,” and thus off-chain solutions for Ethereum DApp management will play a larger role in the future. The Loom Network token (LOOM) is used to pay for platform services, which are many and constantly expanding.

History of Loom Network

Loom Network was conceived by CEO Matthew Campbell in late 2017. It employs a large team of diverse specialties in order to achieve its goals. The LOOM token sale ended in January 2018, during which $45.08 million was raised. Less than four months later, its market capitalization briefly surpassed $400 million, making it an incredibly successful platform for Ethereum DApp developers. Loom Network has been in operation since March 2018, and several developers have already built DApps using its platform.

How Loom Network Works

The Loom Network functions as a Platform-as-a-Service which is built on top of Ethereum. It allows developers to run large-scale decentralized applications by making use of “side chains,” which basically allow DApp processes to take place without an active link to the Ethereum Network. Side chains let developers build DApps with the trust and security of the Ethereum blockchain, while providing the computing resources necessary to run highly scalable, commercial-level services. Side chains, also referred to as “Layer 2 scaling solutions” are the primary advantage that Loom Network offers to its users, which it achieves through its own, novel set of software that interfaces with Ethereum.

Why Loom Network?

As a cryptocurrency platform with the goal of making it easier for the public to interface with the Ethereum blockchain, Loom Network contains many advantages not shared by other such services:

DApp integration. Built with DApp developers in mind, Loom Network’s sidechain integration allows for apps to be 100% blockchain-based while keeping DApp functions minimally dependent on interacting with the Ethereum blockchain.

Highly scalable. Loom Network’s use of sidechains also allows for a great degree of scalability by handling the majority of DApp functions off of the main Ethereum blockchain.

Backed by Ethereum. Using their own Plasma Cash implementation, Ethereum tokens can be used on Loom sidechains while enjoying the full security of the Ethereum Network.

Blockchain-based social Q&A site. Loom Network’s DelegateCall allows for users to ask questions about their blockchain whose answerers are rewarded with “tokenized karma.”

DApp coding tutorial. Anyone can learn how to code Ethereum DApps by using their CryptoZombies DApp tutorial system by using its step-by-step building system.

24/7 support system. Using DelegateCall, the Loom Network’s official support system, anybody can ask a Loom Network-related question at any time and are guaranteed to receive a response within 24 hours.