How to Purchase Loom Network (OLD) (LOOMOLD) using Ethereum (ETH)

To buy Loom Network (OLD) using Ethereum, first, find a cryptocurrency exchange that supports the LOOMOLD/ETH trading pair. Create an account, verify your identity, and deposit your ETH into your exchange wallet. Locate the LOOMOLD/ETH pair on the trading platform and place an order to exchange your Ethereum for Loom Network (OLD). If the LOOMOLD/ETH pair is unavailable, you can first exchange Ethereum for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Loom Network (OLD). Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.