LINK to LOOMOLD: Convert and Swap Chainlink (LINK) to Loom Network (OLD) (LOOMOLD)

How to Purchase Chainlink (LINK) using Loom Network (OLD) (LOOMOLD)

To buy Chainlink using Loom Network (OLD), first, find a cryptocurrency exchange that supports the LINK/LOOMOLD trading pair. Create an account, verify your identity, and deposit your LOOMOLD into your exchange wallet. Locate the LINK/LOOMOLD pair on the trading platform and place an order to exchange your Loom Network (OLD) for Chainlink. If the LINK/LOOMOLD pair is unavailable, you can first exchange Loom Network (OLD) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chainlink. 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.