Loom Network (OLD) wallet

The most secure hardware wallet for your Loom Network (OLD)

Keep your Loom Network (OLD) secure with our trusted Tangem Wallet. Join a community prioritizing self-custodial safety!

Get Loom Network (OLD) wallet

How to secure your Loom Network (OLD) with Tangem?

When you buy or hold Loom Network (OLD) in Tangem, it secures your private keys in many ways:

With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
An access code and biometric authentication protect against unauthorized access.
Private keys are generated and stored on its EAL6+ CC secure element.

How to get a Loom Network (OLD) Crypto Wallet?

Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.

Get Tangem

Firstly

Get the Tangem Wallet.

Take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.

Then

Sync Tangem Wallet with our App.

During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose Loom Network (OLD) wallet with Tangem.

Privacy

No registration and KYC required to use the app. We don't track your data.

Security

Your private keys are encrypted and never leave your device. Only you have control over your funds.

Convenient designs

Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.

24/7 Customer care

Fast support for your needs. Live chat and email support for customers from all over the globe.

What is Loom Network (OLD) (LOOMOLD)?

Loom Network is an advanced blockchain application platform that enhances Ethereum's scalability. By functioning as a Layer 2 scaling solution, Loom Network uses Delegated Proof of Stake (DPoS) sidechains, enabling developers to build scalable games and decentralized applications (DApps) while retaining the security of the Ethereum mainnet.

What is a Loom Network (OLD) wallet?

A Loom Network wallet is a tool for generating and storing private keys necessary for managing your Loom Network address. Although it doesn't physically store Loom Network tokens, it facilitates access to your cryptocurrency on the blockchain. Its main function is to manage private keys, enabling you to handle Loom Network transactions for sending, receiving, and overseeing your assets.

How does a Loom Network (OLD) wallet work?

Loom Network wallets operate using a pair of public and private keys to manage blockchain accounts. The private key, crucial for accessing a specific Loom Network account, must be kept secure, while the public key can be shared for receiving Loom Network tokens. To transfer funds, you'll need the corresponding private key. Tangem Wallet efficiently creates and stores these private keys within its secure chip.

What are the types of Loom Network (OLD) wallets?

Exchange Loom Network Wallets:
Centralized trading platforms like Coinbase and Binance offer custodial wallets for buying Loom Network using traditional money, although there's the risk of losing account access.
Software Loom Network Wallets:
These are applications on devices that manage Loom Network private keys and transactions but can be prone to malware or hacking. They come in mobile, desktop, and browser versions.
Mobile Loom Network Wallets:
Smartphone applications that facilitate the management of Loom Network tokens.
Desktop Loom Network Wallets:
Installed on computers to store private keys on local hard drives or SSDs.
Hardware Loom Network Wallets:
Offline devices like Tangem that provide extra security against internet threats.

How to Choose the Best Loom Network (OLD) Wallet

Choosing an appropriate wallet depends on personal preferences, with a focus on ease of use, dependability, durability, and security. For robust protection from online risks and secure storage of substantial assets, opting for a hardware wallet like Tangem is advisable.

Learn more about Loom Network (OLD)

Tangem supports other cryptocurrencies

Reliability and convenience at your fingertips. Manage thousands of cryptocurrencies with peace of mind anywhere and anytime

See all supported cryptos

Loom Network (OLD) FAQ

You can buy Loom Network (OLD) on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
For long-term storage of Loom Network (OLD), a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
Transfer fees for Loom Network (OLD) depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
To create a wallet for Loom Network (OLD), install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
LOOM is thedigital token used to pay for services on the Loom Network. It is built on Ethereum in accordance with the ERC20 standard for tokens. In order to run a decentralized app (dApp) on the Loom Network, a developer must stake LOOM. The Loom token is not mined.

Something went wrong

Please

Loom Network (OLD) wallet

How to secure your Loom Network (OLD) with Tangem?