How to Buy Loom Token (LOOM) in 2025

In the evolving world of blockchain technology, scalability and accessibility remain central themes. Loom Network, one of the early pioneers of Ethereum sidechains, continues to draw attention in 2025 as it supports fast, scalable dApp deployment. Its native asset, Loom Token (LOOM), plays a vital role in this ecosystem. Whether you’re a developer, investor, or Web3 enthusiast, here’s how to buy and manage LOOM tokens securely.

What is Loom Token (LOOM)?

Loom Token (LOOM) is the native cryptocurrency of the Loom Network, a platform designed to help developers build scalable decentralized applications. Launched in 2018, Loom initially focused on gaming and social apps before expanding its capabilities to serve enterprise-grade dApps.

Built as a Layer 2 solution for Ethereum, Loom Network enables high-speed, low-cost transactions while maintaining Ethereum’s security through plasma-based sidechains. LOOM tokens gained popularity due to their early adoption, staking functionality, and broad utility within the ecosystem. In recent years, Loom has been repositioning itself to support cross-chain integrations and more robust developer tooling, keeping LOOM relevant in the rapidly changing blockchain landscape.

How does Loom Token (LOOM) work?

LOOM serves multiple core functions across the Loom Network:

  • Staking. Validators and delegators use LOOM to secure the network and earn staking rewards.

  • Transaction fees. LOOM can be used to pay gas fees on dApps built on Loom’s sidechains.

  • Access. Certain dApps and services within the network require users to hold or stake LOOM for participation.

  • Cross-chain utility. As Loom expands beyond Ethereum, LOOM is increasingly used to facilitate interoperability between chains.

The token operates as an ERC-20 asset but also supports BEP-20 and other formats on multi-chain infrastructure, making it versatile and widely supported across platforms.

Top 10 Best Crypto Wallets to Buy Loom Token (LOOM) in 2025 – Comparison

To manage your LOOM tokens efficiently, it’s important to use a wallet that supports ERC-20 tokens and allows direct purchase or integration with exchanges. Below are the best wallets for buying and storing LOOM in 2025.

1. Walletverse

Walletverse - best crypto wallet

Walletverse is a next-generation mobile wallet designed for decentralized finance and multi-currency management. It supports over 600 cryptocurrencies, including LOOM, and offers a fast, intuitive interface for beginners and advanced users alike.

 

  • Features: Secure storage, multi-account support, staking (e.g., Solana), in-app crypto purchase via credit/debit cards or Apple/Google Pay, DeFi & dApp access.

     

  • Pros: High security, user-friendly UI, mobile-first, supports fiat in USD, KZT, EUR, INR, CAD, AUD and more.

     

  • Cons: Mobile-only at the moment.
Google Play

2. MetaMask

Metamask website screenshot

MetaMask is a leading Ethereum-compatible wallet known for its browser extension and mobile app.

  • Features: dApp browser, token imports, custom networks.

  • Pros: Trusted in Web3 circles, easy integration with DeFi tools.

  • Cons: Requires basic blockchain knowledge for smooth usage.

3. Coinbase Wallet

Coinbase website screenshot

Separate from the Coinbase exchange, this non-custodial wallet supports ERC-20 tokens and NFTs.

  • Features: Secure seed phrase backup, dApp integration, DeFi access.

  • Pros: Reliable, good for newcomers, integrates with Coinbase account.

  • Cons: Limited advanced controls.

4. Trust Wallet

Trust Wallet website screenshot

A secure and widely used mobile wallet that supports Ethereum, BNB Chain, and thousands of tokens including LOOM.

  • Features: Token swap, staking, NFT support.

  • Pros: Beginner-friendly, extensive token compatibility.

  • Cons: No desktop version.

5. Ledger Nano

Ledger nano x website screenshot

Hardware wallets like Ledger Nano S Plus or X offer cold storage options for long-term LOOM holders.

  • Features: Offline transaction signing, multi-token support.

  • Pros: Maximum security for large holdings.

  • Cons: Not suitable for daily use; requires separate device.

6. ZenGo

Zengo Wallet website

A mobile wallet offering keyless security via facial recognition and encrypted cloud storage.

  • Features: Built-in trading, interest-earning accounts, no seed phrase.

  • Pros: No need to manage private keys, good for non-technical users.

  • Cons: Limited control for advanced DeFi users.

7. imToken

imToken website

Popular among Asian users, imToken offers strong support for Ethereum-based assets and dApps.

  • Features: Token management, staking, DeFi browser.

  • Pros: Fast, secure, Ethereum-native.

  • Cons: Interface may be less intuitive for non-Asian users.

8. Trezor Wallet

Trezor website screenshot

Trezor hardware wallets paired with Trezor Suite software offer robust offline storage for LOOM.

  • Features: Cold storage, open-source security framework.

  • Pros: Trusted brand, ideal for long-term holders.

  • Cons: Requires physical hardware, less mobile accessibility.

9. Atomic Wallet

Atomic wallet website screenshort

An all-in-one software wallet supporting 500+ coins and tokens with in-wallet buying and staking.

  • Features: Secure private key storage, token swaps, fiat purchases.

  • Pros: Strong token support, clean interface.

  • Cons: Doesn’t support hardware wallets.

10. Exodus

Exodus website screenshot

A beautifully designed desktop and mobile wallet that supports over 200 assets, including LOOM.

  • Features: In-app swaps, live portfolio tracking, hardware wallet integration.

  • Pros: Aesthetically pleasing, good customer support.

  • Cons: Not open-source.

Where Can I Store Loom Token (LOOM)?

LOOM tokens can be stored in any ERC-20 compatible wallet, including both software and hardware options. However, for everyday use, mobile-first solutions with intuitive interfaces offer the best experience.

Walletverse is a standout choice for storing LOOM in 2025. Its advanced security features like biometric authentication and passcode access ensure complete control of your digital assets. With support for dApps, staking, and seamless crypto purchases, Walletverse offers everything you need to manage LOOM safely and efficiently.

Loom Token (LOOM) continues to play a key role in the expansion of scalable blockchain infrastructure. Its growing utility in cross-chain platforms and enterprise-grade dApps makes it a valuable addition to any crypto portfolio. Buying and storing LOOM in 2025 is easier than ever thanks to intuitive wallets like Walletverse that combine security, speed, and convenience.

FAQ

Most frequent questions and answers

LOOM powers one of the earliest and most adaptable Ethereum scaling solutions. With its evolving use cases and solid infrastructure, it holds long-term potential. Still, like all crypto assets, investments should be made with awareness of market risks.

You can buy LOOM on leading crypto exchanges and manage it with Walletverse. The Walletverse app supports Apple Pay, Google Pay, and credit/debit card purchases in multiple fiat currencies, offering a streamlined and secure purchase experience.

LOOM is used for staking, paying transaction fees on Loom sidechains, accessing specific services and dApps, and facilitating cross-chain communication. It supports a high-performance environment for next-generation blockchain apps.