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Loom Network (LOOM)

Only send LOOM using the new contract address

Coinbase supports the newly upgraded LOOM contract address:0x42476f744292107e34519f9c357927074ea3f75d

LOOM transactions sent via the old contract will result in permanent loss of funds.

What is Loom Network (LOOM)?

Loom Network (LOOM) is an 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.

What products support LOOM?

 Send/ReceiveTrading
Coinbase           ✔      ✔
Pro           ✔      ✔
Wallet           ✔     ✖️

What regions support LOOM?

 USNYCANEUUKDESGJP
Coinbase    ✔ ✔  ✔ ✔ ✔ ✔ ✔✖️
Pro   ✔ ✔  ✔ ✔ ✔ ✔ ✔✖️
Wallet ✔ ✔  ✔ ✔ ✔ ✔ ✔✖️

Crypto to fiat trading pairs

  USUKEU
USD   ✔ ✖️✖️
GBP  ✖️ ✖️
✖️
EUR  ✖️ ✖️✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

 USDCBTCETHUSDT
LOOM     ✔  ✔  ✖️  ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for LOOM?

LOOM requires 14 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts LOOM?

LOOM is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 0.01 Loom Network (LOOM) and a maximum of 10,000,000 to send from Coinbase to an external address.

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