How to Purchase Loom Network (OLD) (LOOMOLD) using USDC (USDC)

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