The SimpleSwap team has rethought the process of cryptocurrency exchange to make it simple, safe and comfortable. Here is how the Bitcoin to Loom Network exchange process takes place on SimpleSwap:
Select Bitcoin in the “You send” section using the drop-down list. Next, enter the amount you would like to exchange. Then select Loom Network in the “You get” section. After that, you will see the estimated amount of BTC you will receive.
Now you need to enter the recipient's Loom Network address. Be extremely careful and double-check your LOOM address. Your Loom Network will be sent to this address right after the exchange.
Make sure that all the data is correct and click the Exchange button. You will be forwarded to the exchange page.
On the exchange page, you will see the address to send the indicated amount of Bitcoin to continue the exchange.
After we receive the deposit to our address we send you Loom Network. That’s it! In a few moments, Loom Network will reach your LOOM address.
Loom Network (LOOM)