Last update: Jun 6, 2022

How to Buy Beam (BEAM)

So you’re looking for a guide on how to buy Beam. Depending on where you’re located, you’ll have various trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Beam – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Beam of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Beam

Now that you have what you need to buy Beam, head over to the market or buy section of the cryptocurrency trading platform and buy some BEAM.

If the crypto exchange doesn’t have any Beam on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Beam first), and trade your Ethereum for Beam.

Where to Buy Beam (BEAM)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Beam

1. Sign into the cryptocurrency exchange where you bought Beam.
2. Move your Beam to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Beam.

 

How to Buy Beam (BEAM) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Beam in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Beam if it’s available. If the exchange doesn’t have Beam. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beam), and trade your ETH for Beam.

It’s also possible to check out our comparison of the best bitcoin brokers in Australia If you’re looking to learn more about the exchanges we would recommend.

How to Buy Beam (BEAM) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Beam in Canada, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Beam if it’s available. If the exchange doesn’t have Beam. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beam), and trade your ETH for Beam.

If you’d like to know more about which exchanges we like, check our comparison of the most popular crypto exchanges in Canada.

How to Buy Beam (BEAM) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Beam in the UK, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Beam if it’s available. If the exchange doesn’t have Beam. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beam), and trade your ETH for Beam.

If you’d like to know more about which exchanges we like, check our comparison of the places where to buy cryptocurrency in the UK.

Considering buying Beam? BEAM Rundown

BEAM is a decentralized, confidential finance platform ( DeFi). It uses a combination of two blockchain protocols: LelantusMW (or Mimblewimble)

In the beginning of the industry, transactions using public-blockchain cryptocurrency like Bitcoin ( TC) were considered to be impossible to trace. It was discovered that transactions could be traced back at the senders. This poses a serious threat to privacy.

BEAM devised innovative solutions to address this problem, including address balances, anonymity, and user identities.

Beam runs on Mimblewimble protocol, and was launched March 2018.

Beam allows financial counterparties make reliable, safe and stable transactions. This eliminates the risk of user data mismanagement and makes the system safer and cleaner. Beam's blockchain was created using the C++ programming language.

All user addresses are kept private and never shared with third parties. Users are able to access and manage their privacy. They can decide who and what information they want to see.

Beam supports custom transactions of various types such as Escrow and atomic swaps.

Beam uses Equihash's proof-of-work algorithm, which was chosen because it can handle large amounts data.

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• How to Buy Beefy.Finance (BIFI)