Minimal amount for sending is 433 loom
LOOM to BTC conversion chart
Loom Network to Bitcoin correlation
According to the correlation analysis, LOOM and BTC have a strong relationship with each other and are correlated. Whenever there is a change in the price of LOOM then BTC also tends to follow the same pattern and move together.
LOOM Price Change and Market Cap
At the moment, the LOOM price is 0.000001 BTC and it changed by 2.11% in the last 24 hours. Loom Network has a total market capitalization of $3 today. 2.851 LOOM is in circulation. The 24-hour highest price of LOOM was 0.00000153 BTC and the lowest was 0.00000138 BTC.
Loom Network Price Prediction
Loom Network was first released on October 1, 2017, with the LOOM tokens going public in the following spring. The ATH from May 4, 2018 — $0.7745 — still stands unconquered. In 2019 and most of 2020, LOOM price would stay in the $0.01~0.02 area. The more recent crypto rally gave it a chance to beat the previous record, but the demand wasn't there: LOOM would not go over $0.255.
In the LOOM price predictions in a year from now, experts give a tame range of targets — from $0.06 to $0.08. A 2025 LOOM price prediction is way less accurate: various sources give targets ranging from $0.017 to $0.17. Only by 2030 Loom Network is expected to reach $1.
Loom Network Wallets
Still confused about which wallet to pick?
We recommend Trezor, CoolWallet S and Exodus wallet. Each of them has peculiarities and serve different purposes. In all of these wallets, you can store LOOM, monitor live Loom Network prices and also exchange it from ChangeHero without leaving the application.
LOOM to BTC exchange margin
The closing conversion rate for LOOM to BTC yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 LOOM to BTC would result in an output of 0.000001 BTC.
How to convert Loom Network to Bitcoin
Loom Network and Bitcoin comparison
Loom Network is a platform on top of Ethereum that enables reliable applications to work in side chains. It is powered by Plasma, one of the more common Ethereum scaling solutions, which shards transactions and records only the total output on the main chain. In addition to sharding, Loom Network employs zero-knowledge proofs for additional security. LOOM tokens act as a pass to access the Loom-based applications. They cannot be mined, and to earn those users have to engage with the apps.
Bitcoin was developed by Satoshi Nakamoto in 2009 with the idea of providing a peer-to-peer payment system using blockchain technology. Bitcoin network is decentralized and has an immutable record of transactions. The sole purpose of Bitcoin is to enable a means of payment system for people to transact value without any middlemen.
What is Loom Network?
Loom Network is a platform on top of Ethereum that enables reliable applications to work in side chains. It is powered by Plasma, one of the more common Ethereum scaling solutions, which shards transactions and records only the total output on the main chain. In addition to sharding, Loom Network employs zero-knowledge proofs for additional security.
LOOM tokens act as a pass to access the Loom-based applications. They cannot be mined, and to earn those users have to engage with the apps.
Loom Network to Bitcoin price details
LOOM to BTC Conversion Rate and Price
At the moment, the conversion rate for 1 LOOM equals to 0.000001 BTC. The 24-hour highest price of Loom Network in relation to BTC was 0.00000153 BTC and the lowest was 0.00000138 BTC. In short, the LOOM price in relation to BTC changed by 2.11%.
Instantly Exchange LOOM to BTC
On ChangeHero you can instantly exchange Loom Network to Bitcoin without signup. You can easily convert LOOM to BTC in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best and Fixed rates for your LOOM to BTC exchange.
LOOM to BTC Best Rate Exchange
For the Best Rate exchange of Loom Network to Bitcoin, we search through various exchanges for the LOOM to BTC pair and find the best rate available in the market. We provide you with an estimation of the amount of BTC you will receive.
As soon as you accept the terms and the LOOM is deposited, the exchange will be automatically processed. We remind you that the final amount of BTC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of LOOM to BTC.
LOOM to BTC Fixed Rate Conversion
For the Fixed Rate exchange of Loom Network to Bitcoin, ChangeHero finds a good rate for the pair LOOM to BTC and fixes the rate for up to 15 minutes. In the Best Rate exchange of LOOM to BTC, you will receive the exact amount of BTC shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned BTC address. ChangeHero is the best place to exchange LOOM to BTC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert LOOM to BTC?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange LOOM to BTC?
No, you do not need an account to swap LOOM to BTC on ChangeHero. There will be no registrations for your Loom Network to Bitcoin transaction.
Do I need to go through KYC procedures for LOOM to BTC exchange?
There will be no KYC for the LOOM to BTC exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange BTC to LOOM?
Yes, you can instantly exchange BTC to LOOM on ChangeHero.
