How to Purchase Loom Network (OLD) (LOOMOLD) using Cardano (ADA)

To buy Loom Network (OLD) using Cardano, first, find a cryptocurrency exchange that supports the LOOMOLD/ADA trading pair. Create an account, verify your identity, and deposit your ADA into your exchange wallet. Locate the LOOMOLD/ADA pair on the trading platform and place an order to exchange your Cardano for Loom Network (OLD). If the LOOMOLD/ADA pair is unavailable, you can first exchange Cardano 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.