How to buy Loom Network (LOOM)

How to buy and use Loom Network (LOOM) on its native network

Buying LOOM requires a clear understanding of which network the token is using. Because LOOM exists on multiple chains, sending tokens to the wrong address can result in a total loss of funds. This guide focuses on the verified routes and the network checks needed to handle the asset safely.

Verified routes to get LOOM

You can acquire LOOM through several centralized and decentralized venues.

Centralized exchanges with verified market pairs include:

• PumpSwap (Loom/SOL)
• Bitbns (LOOM/INR)
• YoBit (LOOM/BTC)
• Meteora DLMM (Loom/SOL)
• ChangeNOW (LOOM/BTC)
• Raydium (Loom/SOL)
• Meteora DAMM v2 (ANSEM/Loom)

For those using decentralized exchanges, Uniswap provides a LOOM/USDT pool on the Ethereum network.

What the native network does

Loom Network is a token that operates on the Ethereum platform. It is designed for scaling, DeFi, and enterprise solutions. The project also has associations with the Cosmos and Injective ecosystems.

The network was founded in 2017 by Matthew Campbell, James Martin Duffy, and Luke Zhang. It focuses on providing a framework for scaling Ethereum to handle higher volumes of activity. Users can inspect the implementation of the project through its official source code on GitHub.

Wallet, transfer, and network-fee checks

To avoid errors, you must use the correct contract address for the network you are using.

The verified Ethereum contract address is: 0x42476F744292107e34519F9c357927074Ea3F75D

The verified BNB Smart Chain (BEP20) contract address is: 0xe6ce27025f13f5213bbc560dc275e292965a392f

Before any transfer, check the address on Etherscan or the relevant chain explorer. You will need the native gas token of the network (such as ETH for Ethereum) to pay for transaction fees.

Self-custody and withdrawal risks

There are several risks to consider when moving LOOM off an exchange.

Deposit and withdrawal support for the listed exchanges is not verified. You should check the exchange's current status before attempting a transfer. Many users make the mistake of assuming every exchange supports the same network for deposits and withdrawals.

Another risk is the use of lookalike contract addresses. Always verify the address against official sources. Additionally, KYC requirements and account features vary by country, which may affect your ability to withdraw funds.

Sources and methodology

The routes in this guide come only from verified market-pair rows in our database. We use web research and CMC news for background and risk context. Information from CoinMarketCap page scrapes is treated as low-confidence context and is not used as proof of liquidity or contract safety. Live market values are omitted because they change too frequently to remain accurate in a static guide.