The Top 8 Best Loom Wallets That You Should Use For Storing LOOM
What is Loom (LOOM)?
The Loom is based upon the Ethereum blockchain and works on the Proof of Stake approach. The LOOM coin being an ERC20 token is supported by all wallets supporting Ethereum by design.
Loom uses Ethereum’s smart contracts to provide live, peer-to-peer, decentralised, secure, and robust betting platforms for users
Best wallets for Loom
| Wallet | Wallet Type | Security |
Supported ERC20 tokens |
Supported Multiple Coins |
Price | Overall rating | website |
|---|---|---|---|---|---|---|---|
 |
Hardware | Great |  |
|
$65 |  |
Visit website |
 |
Hardware | Great | |
|
$97 |  |
Visit website |
 |
Hardware | Great | |
|
$129 |  |
Visit website |
 |
Online | Good | |
Free |  |
Visit website | |
|
|
browser extension | Good | |
Free | |
Visit website | |
|
|
Software | Good | |
|
Free |  |
Visit website |
 |
Software | Good | |
|
Free | |
Visit website |
|
|
Software | Good | |
Free | |
Visit website |
What to look for in an Loom wallet
There are several key features that make up a good Loom wallet, so keep an eye out for the following features when comparing your options:
- LOOM compatibility LOOM is an ERC20 token on the Ethereum blockchain, so you’ll need to look for a wallet that’s compatible with these tokens, all of the wallets listed above support storing Ether (ETH) as well as any ERC20 token,and LOOM is supported.
- Control private keys A wallet where you own and control your keys.This is essentially the keys to accessing your Loom token, and security here is non-negotiable.
- Developer community Active development community for maintenance. Look for an active development community that has a promising future.
- Backup & security features Seed backup keys and pin codes.
- Good reviews Seek out independent online reviews of any wallet you’re considering to learn about its pros and cons. Would other users recommend this wallet to anyone looking to store LOOM?
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