Hardware wallets: Hardware wallets are USB-like devices that keep your coins and tokens in offline “cold storage.” Though hardware wallets are the more expensive storage option, they provide you with an enhanced level of security because they don’t need to be connected to the internet to access your investments.There are 2 major types of cryptocurrency wallets: ![]() This ensures that your coins and tokens will be safe if your brokerage account is targeted during a hack. A cryptocurrency wallet is a computer program or hardware device that offers you a private set of keys that you can use to store your investments. If you plan to store your LOOM as opposed to actively trading it on a daily basis, you’ll want to open an independent cryptocurrency wallet. Access to additional types of investments (stocks, ETFs, futures, options, etc.).Local and regional availability (not every broker is authorized to offer accounts in every state).Trading platform analysis and educational tools.Additional cryptocurrencies that you can buy and sell on each platform.Some of the factors that you might want to consider when you decide where you’d like to open an account might include: ![]() There are multiple cryptocurrency brokers offering LOOM trading. The broker will then carry out any orders that you place and ensure that they’re filled, sometimes in exchange for a small commission. A cryptocurrency broker is similar to a stockbroker - after opening an account, your broker will provide you with a trading platform that you can use to buy and sell cryptocurrencies as you wish. Two of the best exchanges with LOOM trading are Pionex and Binance. The 1st step to investing in LOOM is to open an account with a broker that supports trading of the Loom Network token.
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