Beam is a decentralized finance platform that utilizes the Mimblewimble protocol to increase transaction anonymity. It features confidential transactions, address balances, and user identities, allowing users to control who accesses their information. Beam’s blockchain was built from scratch in C++ and supports custom transactions. It has a maximum supply of 262,800,000 tokens, with 81,970,000 in circulation as of February 2021. Beam uses the Equihash proof-of-work algorithm for security and is available on multiple cryptocurrency exchanges. After funding your exchange account via one of the three options listed in the previous step, go to the trading page and search for the cryptocurrency you want to buy.
It’s also important to check if the exchange offers all the trading features you might need. Some traders just stick to spot markets, while others also use margin trading and futures. The bottom line is that what constitutes the best exchange hinges on your particular set of needs.
Step 3 Choose the method to Buy Beam (BEAM)
However, they may not be executed if the specified price is not reached, even if the price moves in the investor’s favor. Additionally, limit orders may take longer to execute than market orders, as the order will only be executed at the specified price or better. In some cases, limit orders can lead to missed investment opportunities, especially if the limit is poorly defined by the investor. Instead, you should try to diversify your investments and put yourself into a position where a single project failing doesn’t erase your entire portfolio. By storing your tokens in a secure wallet, you maintain full control over your assets and also reduce their exposure to potential threats.
Step 4: Store The Cryptocurrency In A Wallet
After successful verification, you’re all set to move forward with your Beam purchase. Built from scratch in C++, Beam offers fast, secure and flexible transactions. It supports smart contracts, escrow services, atomic swaps and time-locked transactions.
Established in 2013, Gate.io has grown into a reputable trading platform. While it is not the most popular exchange, it provides users with an easy-to-use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts many altcoins, including Beam (BEAM), and is often the first exchange to add new tokens.
Kraken
Cryptocurrency exchanges allow users to store their crypto and, in some cases, even allow them to use yield generating products to earn passive income with deposited crypto. However, you can purchase it using INR on Giottus through bank transfers, as the platform does not support card deposits. If you want to withdraw it, you must click on the Beam cryptocurrency, withdraw, and indicate the address you want to withdraw it, either your metamask wallet, another exchange or another platform. You can find a guide in our blog if you don’t know how to withdraw cryptocurrencies from Binance. Beam (BEAM -1.21%) is a privacy-focused cryptocurrency that utilizes the Mimblewimble protocol to ensure confidential transactions.
You can even buy Beam with cash in some countries with P2P purchase. With the USDT in your balance, you must go again to markets, FIAT market, and search for this cryptocurrency. We will search for BEAM and not Beam, since it is the ticker it has, and therefore we must search instead of the full name of the cryptocurrency. Kraken has continued to evolve its platform and commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Enjoy our special welcome offer and get up to $600 in trading free credit on Binance crypto exchange. Determining whether now is a good time to buy, sell, or hold BEAM depends mostly on your individual investment strategy.
According to our market research, 25 indicators are signaling bullish activity, 5 are signaling bearish activity. In addition to the reasons above, which can be classified as fundamentals, you should also pay attention to technical aspects. Having these essentials ready will ensure a smooth Beam purchasing experience.
How to sell BEAM
Beam is a scalable confidential cryptocurrency built on Mimblewimble protocol. Beam combines full confidentiality of trasnaction with great blockchain scalability. No problem, we’ve picked out the best and most updated exchange to buy Beam, with How to buy beam the lowest fees and the best security. Since what we need to do is to exchange Euros for USDT, or your currency. Indicate the amount of euros you want to change or your currency for USDT. Purchasing and securely storing Beam coins is easy when you follow these structured steps.
With this information, you’ll be armed with the knowledge and confidence required to start investing in BEAM. Ensure that the platform is secure, user-friendly, and supports your preferred currency or trading pair. Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets. Still, we have another very good option if you are looking for something simpler, easy to use and secure. Being one of the few regulated platforms and located in Europe, with all that implies for investor protection compared to other platforms.
- While it provides a seamless trading experience with a mobile app and 24/7 support, it lacks fiat withdrawals.
- As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., BEAM/BTC) and crypto-to-fiat (e.g., BEAM/USD) trading pairs.
- For more sophisticated investors, Kraken also offers futures and margin trading.
Setting realistic expectations for future price growth is paramount when investing. Otherwise, you just end up hoping for the best without a concrete plan or price target in mind. With our crypto profit calculator, you can see how your investment could perform over time, set up different DCA scenarios, and use historical market data to project potential future profits. When placing a limit order, the investor specifies the price they are willing to pay or receive for the particular cryptocurrency.
- When deciding which exchange to use, it’s important to check if the exchange accepts customers from your country.
- Built from scratch in C++, Beam offers fast, secure and flexible transactions.
- Embracing blockchain technology and incorporating these new capabilities into an immersive game will not only bring about a technological revolution, but will completely change the way we interact with games.
- Choosing one of these wallets ensures the safety of your Beam coins while providing convenient tools for seamless transactions.
More experienced investors can try to time the market or engage in technical analysis to become more proficient at entering and exiting positions. One of the most important rules each investor should follow is to never invest beyond their means. This is doubly true in crypto, as the market can be very volatile and it is not uncommon for digital assets to go on massive price swings. You can buy BEAM on several cryptocurrency exchanges, including CoinEx, Gate, and MEXC. Once you’ve bought Beam, keeping your tokens secure is a top priority. Instead of leaving them on an exchange, transfer them to a reliable wallet to ensure maximum protection against security risks.
In addition to its privacy features, Beam is developing an ecosystem of applications and investments contributing to the future of gaming. This includes tools and platforms designed to enhance the gaming experience, reflecting Beam’s commitment to integrating blockchain technology with gaming innovations. Every crypto hardware wallet comes with a seed phrase, which basically acts as a key that unlocks the wallet and allows users to transfer the contents of their wallets between different devices. Since it’s recommended to store the seed phrase in a physical form due to security concerns, it’s best to use metal seed phrase storage solutions to protect the seed phrase from being lost or destroyed.
