How to Purchase Stellar (XLM) Using Loom Network (NEW) (LOOM) in China
To buy Stellar using Loom Network (NEW), first, find a cryptocurrency exchange that supports the XLM/LOOM trading pair. Create an account, complete the KYC process to verify your identity, and deposit your LOOM into your exchange wallet. Locate the XLM/LOOM pair on the trading platform and place an order to exchange your Loom Network (NEW) for Stellar. If the XLM/LOOM pair is unavailable, you can first exchange Loom Network (NEW) for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.
How to Exchange Stellar (XLM) for Loom Network (NEW) (LOOM) in the Chinese Market
To sell Stellar for Loom Network (NEW), first, find a cryptocurrency exchange that supports the XLM/LOOM trading pair. Create an account, complete the identity verification process, and deposit your XLM into your exchange wallet. Locate the XLM/LOOM pair on the trading platform and place a sell order to exchange your Stellar for Loom Network (NEW). If the XLM/LOOM pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Loom Network (NEW). Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.
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