What is the Loom Network image?
Where is the best place to stake Loom Network?
If you want to keep control of the keys of your Loom Network (LOOM) while earning passive income, your best option is to earn 4.3% reward on Meria.
Where is the best place to lend Loom Network?
Today, the best place to lend Loom Network (LOOM) is on Binance. And you can get an awesome rate of 0.98%.
How to store Loom Network safely?
When it comes to security, the safest way to keep your crypto is to buy a staking crypto hardware wallet (usually a USB ledger) or use a software wallet (Either a browser extension or a mobile app). Crypto wallets hold your private keys (which are the passwords that gives access to your cryptocurrencies).
Caution: All wallets do not offer staking features, so be sure to do your research before choosing one.
There are a number of LOOM wallets that allows you to stake Loom Network and earn rewards. Here are some:Binance Chain WalletsoftwareMetaMasksoftwareTrust WalletsoftwareFor a full list of available wallets, check out our dedicated wallets page.
Where can you buy LOOM?
”Staking LOOM” or ”Stacking LOOM”?
Those are 2 words that sound the same but have a very different meaning. ”Stacking LOOM” means accumulating Loom Network in your crypto bag while ”Staking LOOM” means putting your Loom Network to work in order to get rewards. This is the same for ”LOOM Stacking”.