How to Buy Loom (LOOM)
Learn all about Buy Loom
Price of Loom Today (24h)$0.051860%Loom (LOOM) is the cosmos-ecosystem related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 489 based on market capitalization on CoinMarketCap, with a market capitalization of 61685520 recorded at the time of writing. LOOM has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Loom. They wish to invest or purchase Loom (LOOM), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Loom. Regardless of your location, Bitrue can provide you with a simple and secure way to buy LOOM.
Where and how to buy Loom
When it comes to purchasing Loom (LOOM), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Loom in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased LOOM will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Loom (LOOM) through Bitrue.
Steps to Buy Loom (LOOM)
01Step 1 Create a Bitrue Account
- - Register through the official website, Bitrue.com.
- - Download the Bitrue App and complete the registration process.
- After successfully registering your Bitrue account, follow the security prompts on the website or app to enable Google 2FA for account dynamic verification.
02Step 2 Complete KYC Verification
Visit the identity verification page on the Bitrue official website or app, select your country or region, upload valid identification documents, and submit a selfie. Once the identity verification is successful, you will receive a notification.
03Step 3 Choose the method to Buy Loom (LOOM)
Buy Loom through Spot Markets
- Note: Currently, the most popular Loom spot trading pairs include LOOM/USDT and LOOM/USDC. Before purchasing Loom (LOOM) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
- 1. Click on "Trade" -> "Spot" on the Bitrue official website or app.
- 2. Select Loom (LOOM) from the list of cryptocurrencies.
- 3. Enter the quantity of LOOM you want to purchase, either at the market price or set a target price for buying Loom.
- 4. Confirm the purchase order.
- 5. Transaction completed.
- If Bitrue exchange currently does not support the above methods for purchasing Loom (LOOM), users can only deposit LOOM assets into their Bitrue accounts through a cryptocurrency wallet or choose a decentralized exchange (DEX) that supports LOOM trading pairs for purchasing.
04Step 4 Successful Purchase
- The purchased Loom assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Loom cryptocurrency wallet.
- Note: If you have not received your Loom (LOOM), visit the help center or contact online customer support for assistance.
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Alternative methods to acquire Loom
Apart from directly buying Loom (LOOM), what are the alternative methods to acquire Loom ?
Fixed Auto-Investment in LOOM
Regularly invest a fixed amount at scheduled intervals in Loom (LOOM) digital assets, enjoying both short-term returns and long-term benefits.
Staking LOOM
Flexible staking of Loom (LOOM) digital assets to earn interest or high returns in other cryptocurrencies.
Get Loom (LOOM) for free
If you have enough time, you can obtain Loom for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Loom (LOOM).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Loom.
- All cryptocurrency airdrops and rewards can be exchanged for LOOM through coin-to-coin exchange or spot trading.
How to keep your Loom safe and secure
Once you have purchased Loom, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Loom and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Loom wallets, you also have the option to store Loom (LOOM) separately in a personal encrypted wallet. This wallet serves to keep your Loom secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Loom, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Loom encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
Why Bitrue is the Best Platform for Buying Loom (LOOM)
User-friendly Interface
Trading cryptocurrencies on Bitrue is a breeze, requiring just a few simple steps to instantly purchase Loom.
Swift Deposits and Withdrawals
Our efficient real-time trading system ensures your Loom assets are instantly depositable and withdrawable.
Security and Stability
With dual-factor authentication, multi-signature support, and cold-hot wallet segregation technology, we ensure the systematic security of Loom.
Get LOOM with Bitrue
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Some market stats about LOOM
Price Analysis
LOOMLoom Price Now:
$0.051860%24H
Loom is rising this week.
The price of Loom has increased by 0% in the last 7 days. It has seen a 0% increase in the past 24 hours and a 0% increase in just the last hour. The current price is $0.05186 per LOOM. Loom is dropped -86.62% from its all-time high of $0.3876.
Buy Loom NowSandbox Testing
Calculate the Returns on Your Loom Investment
How much profit would I have if I bought $ worth of Loom in ?
CalculateReturns based on the average Loom price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
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FAQ About Buy Crypto
What is Loom?
Loom Network (¡°Loom¡± or the ¡°Project¡±) is a Layer-2 scaling solution for Ethereum that is a network of Delegated Proof of Stake (¡°DPoS¡±) sidechains, allowing for highly-scalable games and user-facing dApps while still being backed by the security of Ethereum. Key Features of Loom: Loom SDK: The fundamental building block of Loom Network is an SDK that allows developers to quickly build their own blockchains without having to understand blockchain infrastructure ¡ª a "build your own blockchain" generator. Shared Sidechains: A network of interconnected, high-throughput sidechains, such as GameChain and SocialChain, that use Ethereum as their base-layer. PlasmaChain: A Layer-2 hub that bridges multiple sidechains to Ethereum, allowing for faster and cheaper token transactions and a more performant chain for developers to deploy their dApps. Delegated Proof of Stake: Loom supports DPoS out of the box, which enables dApps to scale with gasless transactions and sub-second transaction times. Online games and social apps are the two initial types of dApps that Loom is focusing on, but developers can build any type of dApp using the Loom SDK. Secured by Plasma on Ethereum: Loom inherits the security of Ethereum mainnet on its Layer-2 sidechains by using Plasma Cash-based relays to transfer assets across chains.
How many Loom are there in total?
The total supply of Loom is 1,300,000,000 and the Circulating Supply is 1,239,270,897 .
Why are people buying Loom?
People buy Loom for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Loom serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Loom include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Loom?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase LOOM.
Should I buy Loom?
Deciding whether to buy Loom depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Loom investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Loom (LOOM) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Loom?
Generally, buying Loom digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 LOOM?
To purchase 10 LOOM, the cost in USD would be $0.5186.
What are the fees for buying Loom?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies here.
How to use Apple Pay to buy LOOM?
Currently, Bitrue does not support purchasing LOOM or adding fiat currency using Apple Pay.
How to use Google Pay to buy LOOM?
Currently, Bitrue does not support purchasing LOOM or adding fiat currency using Google Pay.
How to use Paypal to buy LOOM?
Currently, Bitrue does not support purchasing LOOM or adding fiat currency using Paypal.
What can I do with Loom?
You can use Loom to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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