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How to buy Loom Network (NEW) (LOOM) in the UK

Learn how to buy Loom Network (NEW) (LOOM) on 2+ crypto exchanges in our step-by-step guide.

Loom Network (NEW) (LOOM) is in the top 1,000 cryptocurrencies by market cap.

Loom Network (NEW) is a highly volatile asset capable of major price swings in a single day. Today LOOM is trading for $0.051044 USD, which is lower than yesterday's trading price of $0.0549408205 USD. Over the past year, Loom Network (NEW)'s price has seen a decrease of -12%.

So before you buy Loom Network (NEW), make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Loom Network (NEW).

How to buy Loom Network (NEW) in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Loom Network (NEW) is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Loom Network (NEW)
    You can now exchange your funds for Loom Network (NEW). On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Loom Network (NEW) to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Loom Network (NEW) in the UK

Find an exchange to buy, sell and trade LOOM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

Go to site
View details
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Go to site
View details
Kriptomat Cryptocurrency Exchange
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Go to site
View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Loom Network (NEW) guide up-to-date

  • LOOM price data is regularly updated through data feeds so you always have the latest information.
  • Loom Network (NEW) performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Loom Network (NEW)?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Loom Network (NEW)?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Loom Network (NEW).

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing LOOM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Loom Network (NEW)?

The easiest way to buy LOOM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying LOOM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Loom Network (NEW) has been performing recently.

Best Loom Network (NEW) wallets to store your LOOM

You can keep your LOOM on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LOOM below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Loom Network (NEW) a good investment?

If you are wondering whether or not to buy LOOM, its integral to ensure you understand the coin's function and the underlying platform's intended purpose. Here are a few factors to consider regarding Loom Network:

  • CryptoZombies. Loom Network are the team behind CryptoZombies, an interactive code school designed to teach developers how to write smart contracts in Ethereum’s Solidity programming language. Those interested in investing in LOOM to get involved on the platform may want to check the tutorial out and learn how to build dApps for themselves.
  • Competition. Loom Network are one of a number of protocols intending to improve the scalability and interoperability of Ethereum-based dApps. Enjin is one of their main competitors for a share in the market. A key difference between the two is that Enjin built and runs their own Ethereum sidechain, whereas Loom uses Plasma technology to utilise the Ethereum network.
  • Token use-case. Whereas other networks often require their utility tokens to be used for transaction fees or payments, Loom is one of the few where the token is used specifically for membership. If you want access to a certain application built on Loom’s infrastructure (or to build one yourself), investing in LOOM tokens will likely make sense. LOOM tokens can also be staked via the network's native wallet.

Today's Loom Network (NEW) price versus ATH

Compare today's price of Loom Network (NEW) ($0.051044 USD) against its all-time-high price of $0.256708 USD on 10 April 2021. The closer the bar is to 100%, the closer LOOM is to reaching its ATH again.

Loom Network (NEW)'s price: $0.051044
ATH date: April 10, 2021
19.88%

Loom Network (NEW) ATH: $0.256708


How to trade, convert or sell Loom Network (NEW)

You can convert or sell your LOOM with the same exchange you bought it through:
  1. Sign in to the exchange you have LOOM on.
  2. If you store your Loom Network (NEW) in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of LOOM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Loom Network (NEW).
  6. Complete your transaction and move your LOOM to a wallet for storage.
  1. Binance
  2. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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