How to Buy Loom Network (LOOM) in Argentina

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

Step 1 – Join Coinmama

In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your Ethereum (ETH) or Bitcoin (BTC).

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

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

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

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

As soon as your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To buy {Loom Network (LOOM)|(LOOM) Loom Network} on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate {Loom Network (LOOM)|(LOOM) Loom Network}, you'll need to insert the cointype (LOOM) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this also. Click on “LOOM/BTC” to continue.

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

After you've discovered {Loom Network (LOOM)|(LOOM) Loom Network}, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our Limit Order.

The ”Price” field will be automatically filled with the most recent tariff {Loom Network (LOOM)|(LOOM) Loom Network} was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of LOOM you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of LOOM.

When you're glad, click on “Buy LOOM”. Your order will be filled when a Seller trades their LOOM for the price you offered.

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

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an longer time frame. In order to take off your {Loom Network (LOOM)|(LOOM) Loom Network}, go to the ”Funds” tab and click on “Withdraw”. {Loom Network (LOOM)|(LOOM) Loom Network} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Loom Network (LOOM)|(LOOM) Loom Network} by using the provided drop-down box. Enter the volumen of {Loom Network (LOOM)|(LOOM) Loom Network} you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

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

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {Loom Network (LOOM)|(LOOM) Loom Network} is safe in your wallet, you are finished.

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