How to Buy Loom Network (LOOM) in Anguilla

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your first 10 Dollar.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Loom Network (LOOM) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate {Loom Network (LOOM)|(LOOM) Loom Network}

Once your deposit has been approved, you'll directly have access to your funds and you can commence buying and trading. To buy {Loom Network (LOOM)|(LOOM) Loom Network} on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate {Loom Network (LOOM)|(LOOM) Loom Network}, you'll need to put the shortname of the coin (LOOM) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “LOOM/BTC” to proceed.

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

After you have spotted {Loom Network (LOOM)|(LOOM) Loom Network}, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're making our Limit Order.

The ”Price” field will be automatically filled with the most recent tariff {Loom Network (LOOM)|(LOOM) Loom Network} was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of LOOM you want to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of LOOM.

When you're happy, click on “Buy LOOM”. Your order will be filled when a Vender sells their LOOM for the price you submitted.

Step 5 – Withdraw {Loom Network (LOOM)|(LOOM) Loom Network}

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. To withdraw your {Loom Network (LOOM)|(LOOM) Loom Network}, go to the ”Funds” tab and click on “Withdraw”. {Loom Network (LOOM)|(LOOM) Loom Network} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Loom Network (LOOM)|(LOOM) Loom Network} by using the provided drop-down box. Put into the quantity of {Loom Network (LOOM)|(LOOM) Loom Network} you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You have successfully bought and safed Loom Network (LOOM) in Anguilla.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the {Loom Network (LOOM)|(LOOM) Loom Network} is stored inside your wallet, you are finished.

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