How to Buy Loom Network (LOOM) in Anguilla

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

Step 1 – Join Coinmama

You'll first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Loom Network (LOOM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

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

Once your deposit has been affirmed, you will directly have access to your assets and you can launch purchasing and trading. To buy {Loom Network (LOOM)|(LOOM) Loom Network} on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate {Loom Network (LOOM)|(LOOM) Loom Network}, you will need to put the cointype (LOOM) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have highlighted this too. Click on “LOOM/BTC” to advance.

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

Once you have located {Loom Network (LOOM)|(LOOM) Loom Network}, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our own Limit Order.

The ”Price” field will be automatically filled with the latest tariff {Loom Network (LOOM)|(LOOM) Loom Network} was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of LOOM you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of LOOM.

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

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

Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your {Loom Network (LOOM)|(LOOM) Loom Network}, go to the tab called “Funds” and click on “Withdraw”. {Loom Network (LOOM)|(LOOM) Loom Network} can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {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 like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

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

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the {Loom Network (LOOM)|(LOOM) Loom Network} is stored within your wallet, you are finished.

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