Loom Network (NEW) wallet
The most secure hardware wallet for your Loom Network (NEW)
Get peace of mind for your Loom Network (NEW) with Tangem, trusted by a vast user community!
How to secure your Loom Network (NEW) with Tangem?
When you buy or hold Loom Network (NEW) 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 (NEW) 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 TangemWhy choose Loom Network (NEW) 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 (NEW) (LOOM)?
Loom Network represents a cutting-edge blockchain platform engineered to expand Ethereum's potential. Operating as a Layer 2 solution, it uses a network of Delegated Proof of Stake (DPoS) sidechains, allowing developers to craft high-performance games and decentralized applications while relying on Ethereum's mainnet for security.
What is a LOOM wallet?
A LOOM wallet is designed to store your private keys, enabling access to your LOOM address. While it doesn’t hold the LOOM coins themselves, which reside on the blockchain, it serves the vital function of generating and keeping these keys secure, thereby managing your LOOM accounts. Essentially, a LOOM wallet is your tool for storing, sending, receiving, and handling LOOM cryptocurrency.
How does a LOOM wallet work?
LOOM wallets manage blockchain accounts through the use of public and private keys. The private key is exclusive and provides access to your specific LOOM account, whereas the public key can be shared to facilitate receiving LOOM. To move funds, you need the corresponding private key, which Tangem Wallet securely generates and stores within its chip.
What are the types of LOOM wallets?
Exchange LOOM Wallets:
Platforms like Coinbase, Binance, and Kraken permit the purchase of LOOM using traditional currency via custodial wallets. However, these can be risky as access can be restricted by the service provider.Software LOOM Wallets:
Installable on your devices, these wallets manage private keys and LOOM. They’re convenient but can be susceptible to malware and cyber threats and comprise mobile, desktop, and browser wallet types.Mobile LOOM Wallets:
Applications that facilitate LOOM management directly from your smartphone.Desktop LOOM Wallets:
Installed on PCs or laptops, storing private keys on your hard drive or SSD.Hardware LOOM Wallets:
Secure offline solutions like Tangem, offering protection against online vulnerabilities.
How to Choose the Best LOOM Wallet
Selecting a wallet should focus on key factors including ease of use, reliability, longevity, and security. For heightened security and substantial holdings, a hardware wallet like Tangem is highly recommended.
Loom Network (NEW) LOOM
Tangem supports other cryptocurrencies
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See all supported cryptosLoom Network (NEW) FAQ
- The best wallet for LOOM is one that keeps your keys safe while staying easy to use. Tangem Wallet delivers both security and convenience in one solution.
- Software wallets for Loom Network (NEW) are often free, but hardware wallets usually require a one-time purchase. Sending transactions may involve network fees.
- Online wallets can be targeted by malware, phishing, or remote attacks. The best wallets for Loom Network (NEW)minimize these risks by ensuring your private keys never come into contact with the internet, remaining protected within a secure element.
- A Loom Network (NEW) wallet is a tool that lets you store, send, and receive your digital assets. It manages your private keys, which prove ownership of your LOOM.
- About Loom NetworkLoom Network (LOOM) isan Ethereum token that powers a network of delegated proof of stake sidechains(a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
- Loom Network is a multichain interop platform live in production sinceearly 2018.
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