Beam is a special kind of digital money that keeps your info private. It’s based on the Mimblewimble method and is a cool option for those who wish to invest in digital assets. This guide will show you how to buy Beam step by step, so you can begin your journey into owning Beam.
Getting Beam starts with buying another digital currency first. You can choose from USDT, BTC, ETH, or BNB. These are available on well-known sites like Coinbase, Binance, or Kraken.
After getting your preferred crypto, the next step is to exchange it for Beam. You can do this on certain exchanges like Upbit, Kraken, or Bitvavo. These places make trading Beam safe and easy.
When you have Beam, there’s a lot you can do with it. You might want to keep it safe in a digital wallet, trade it for different cryptos, stake it for rewards, or even use it to buy things.
Keep following to learn more about each buying step. We’re here to share insights and tips for a smooth Beam purchase journey.
To purchase Beam, you should start by buying a certain cryptocurrency. Then, head to a crypto exchange where you can trade it for Beam. This way lets you own Beam even if you can’t directly buy it with regular money.
Many popular crypto exchanges offer the chance to exchange your cryptocurrency for Beam:
Upbit: This top South Korean exchange allows you to trade Beam. Upbit is known for being easy to use and very secure, offering a great trading environment.
Kraken: Known worldwide, Kraken supports Beam. It’s praised for its advanced features and strict rules compliance, making it a safe place to trade.
Bitvavo: A user-friendly exchange in the Netherlands, Bitvavo lets you trade Beam using your local currency. It’s secure and easy to navigate, perfect for those new to trading.
These platforms offer ways to buy, sell, and trade Beam and others with your home currency. They focus on being easy to use, secure, and hassle-free for traders.
How to Buy Beam From Crypto Exchanges
To start buying Beam, register on an exchange’s website. Then, finish up the ID check. Once your account is good to go, put money in it. This can be with cash or other cryptos like USDT or ETH. Next, swap these for Beam on the exchange.
Binance, KuCoin, and CoinCarp are places where Beam is available. Binance lets you pay with cards, Google Pay, or others. If you’re buying on Binance, be quick to confirm, or the price might change.
KuCoin doesn’t offer Beam right now, but they do have many other cryptos. And if you like decentralized exchanges, try Uniswap.
Considering Beam’s price and trends is key. For example, you could get about 28.6 BEAM for every dollar you spend. But remember, Beam’s value changes. It recently dropped by 1.8%.
After buying, decide where to store your Beam. You can use a personal wallet for safer keeping. Or, the exchange if you plan to trade or stake. Each option has its benefits.
Beam’s market may change fast, so be careful. But it’s not just for trading. You can earn by staking or use it to buy things online and offline.
Buying Beam on Binance happens quickly. But, using P2P or making bank transfers can be slower. Always store your Beam safely. Cold wallets are a good option.
What to Do After Buying Beam
After buying Beam, you have choices about what to do with it.
You might want to keep it safe for a long time. You could store it in a Binance Wallet or a Trust Wallet. This keeps your Beam safe and maybe it will grow in value over time.
If you like trading Beam often, consider using centralized exchanges or decentralized exchanges (DEX) for Beam trading pairs. These are places where you can buy and sell Beam. You can try to make a profit when the price changes.
Another option is to stake your Beam coins. Or you could use them for buying things. Many places let you use crypto to pay. This way, you can use Beam to try to make or grow your money in the crypto world.
It’s key to think about your plan and how much risk you’re okay with. Before you decide what to do with your Beam, research your options well. This will help you pick the best choices for your money goals.
FAQ
How do I buy Beam crypto?
Start by buying another cryptocurrency like USDT, BTC, ETH, or BNB. Then, on certain exchanges, you can switch it for Beam.
Where can I buy Beam?
Exchanges like Upbit, Kraken, and Bitvavo allow you to trade Beam.
How can I buy Beam from crypto exchanges?
Buying Beam involves a few steps. First, make an account on the exchange’s site or app. Next, your account needs to be verified. Then, you can add fiat currency or other cryptos to your account. Finally, exchange these for Beam on the market.
What can I do after buying Beam?
After buying Beam, you can store it for the future. Or, trade it on different exchanges. You can even stake your Beam coins to earn rewards. Using Beam for transactions is also an option, like buying goods or services.
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