How to Buy Loom Network (LOOM) in Armenia

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

Step 1 – Signup to Coinmama

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Loom Network (LOOM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the right 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 are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

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

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

To discover {Loom Network (LOOM)|(LOOM) Loom Network}, you will need to put the shortname of the coin (LOOM) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this also. Click on “LOOM/BTC” to progress.

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

Once you've spotted {Loom Network (LOOM)|(LOOM) Loom Network}, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our own Limit Order.

The ”Price” field will be filled automatically with the up-to-date valuation {Loom Network (LOOM)|(LOOM) Loom Network} was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of LOOM you like to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete quantity of LOOM.

If you are satisfied, make a mouse click on “Buy LOOM”. Your plan will be filled when a Seller sells their LOOM for the price you gave.

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

Unless you're trading, you should never keepyour coins on an Crypto Trader for an extended period of time. In order to take off your {Loom Network (LOOM)|(LOOM) Loom Network}, go to the tab called “Funds” and mouse click on “Withdraw”. {Loom Network (LOOM)|(LOOM) Loom Network} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Loom Network (LOOM)|(LOOM) Loom Network} by using the given drop-down box. Put into the quantity of {Loom Network (LOOM)|(LOOM) Loom Network} you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully bought and stored Loom Network (LOOM) in Armenia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {Loom Network (LOOM)|(LOOM) Loom Network} is stored in your wallet, you're done.

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