How to Buy Loom Network (LOOM) in Azerbaijan

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

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

You will first need to purchase one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your first $10.

Binance Signup
Step 2 – Transmit Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Loom Network (LOOM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

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

Once your deposit has been affirmed, you'll now have access to your funds and you can launch 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 after that mouse click on “Basic”.

To spot {Loom Network (LOOM)|(LOOM) Loom Network}, you'll need to insert the cointype (LOOM) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this too. Click on “LOOM/BTC” to go on.

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

Once you've spotted {Loom Network (LOOM)|(LOOM) Loom Network}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our Limit Order.

The ”Price” field will be automatically filled with the most recent valuation {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 purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete quantity of LOOM.

If you're satisfied, click on “Buy LOOM”. Your plan will be filled as soon as a Seller sells their LOOM for the price you offered.

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

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your {Loom Network (LOOM)|(LOOM) Loom Network}, hover over the tab called “Funds” and click on “Withdraw”. {Loom Network (LOOM)|(LOOM) Loom Network} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {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 withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and safed Loom Network (LOOM) in Azerbaijan.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the {Loom Network (LOOM)|(LOOM) Loom Network} is stored inside your wallet, you're finished.

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