Cryptocurrency is the best way to create your digital assets that will benefit you in the future. Even nowadays, not all people trust this digital currency because they don’t know anything about it. There are a lot of cryptocurrencies that you can buy to keep your money secure for the future. Today we are going to discuss about beam crypto. You will be able to know everything about it, from what is beam crypto to where and how to buy beam crypto. So, read this complete post to get the right knowledge about it.
What Is Beam Crypto?
Beam is a cryptocurrency that is based on confidential decentralized finance (DeFi) which gives enhanced privacy to its users. It works on blockchain technology that guarantees to provide top notch security. It operates on Mimblewimble and LelantusMW blockchain protocols that help the user to make transactions anonymously and also hide user identity and balance from the world. All these preventive measures help the users to be protected from being hacked. Beam also gives complete control of privacy to its users. There are a lot of people using Beam Crypto because of its highest security standards.
How Does Beam Work?
Beam works on an Equihash algorithm that is able to handle large amounts of data with great security. It also helps you to make custom transactions like atomic swaps, escrow, time-locked, etc. Its Mimblewimble protocol is specially designed to keep all the transactions completely confidential.
How to buy beam Crypto – Step By Step Guide
Now it comes to the question of how to buy beam crypto. So, we brought a detailed guide that will help you to easily purchase beam coins. You will learn how to choose the best exchange platform to keep tracking your investment and storing your crypto. These steps will help you make the right decision at every step you will take to buy beam cryptocurrency.
1. Where To Buy Beam Crypto?
People always get confused about which is the best platform to buy a particular cryptocurrency. There are a lot of platforms available for buying Beam and the top cryptocurrency exchanges providing this service include Binance, gate.io, Baybit, CoinEx, MEXC, BitForex, etc. You can also check out more crypto exchange platforms for trading in beam tokens. There are a lot of things that you should consider before making the right decision like:
- The major thing you should know is whether that particular exchange network provides all the required trading features.
- Try to choose the platform that gives you the maximum benefit.
- Also, check whether the particular platform works in your country or not.
- After clearing all these points, you will easily select the perfect crypto exchange platform for buying beam crypto.
2. Look At Your Investment
It is also important to look at your budget that will not exceed the limit that you can afford. Because the crypto market is volatile there are great chances to face the peak and downfall every day. So, invest the moderate amount in buying any digital asset.
3. Conduct Perfect Research Before Investing
Whenever you have to invest in any digital currency you must research about its reputation, market value, the current price, peak value and downfall, etc. This procedure will keep you safe from trading in the crypto currency that can collapse anytime in future.
You should also get information about the owners of that particular cryptocurrency and how much they are trustworthy to invest in their digital assets. Then you should investigate about the technical aspects because they play a crucial role to keep your digital assets safe.
4. Create Account
After selecting the crypto exchange platform now it’s time to register yourself. For that purpose you have to give your personal details like email address, name, etc. Many platforms work on KYC (Know Your Customer) protocol which asks you to give your complete information like your CNIC, Name, Location, etc.
5. Deposit Money
After registration, you have to deposit the particular amount you want to invest in beam crypto. There are three methods to perform this task:
- Via Bank Account: Always keep in mind that you can only invest in beam crypto by the fiat currencies like GBP, EUR, and USD. So, before depositing your money into your bank account you must check that the crypto exchange network that you have choosing supports these currencies or not. If yes then deposit amount in your bank account.
- Via Crypto Wallet: if you want to buy with cryptocurrency then you have to transfer that amount to your exchange account via your crypto wallet.
- Via Credit Or Debit Card: It is considered as the most popular way to buy beam crypto with the help of your credit or debit card. But you must know that not all crypto exchange platforms allow this method. So, you must check your selected network offer this opportunity or not.
6. Place Your Order
There are two types of order that you can place as per your needs:
- Market Order: This type of order is necessary when you want to make a quick purchase or selling of crypto currency. In this order type the investor didn’t specify the price and gets the digital assets at the best price and it is well suited for those crypto currencies that maintains their highest trading volumes.
- Limit Order: In this order type the investors are well known about the specific amount at which they are going to make a purchase or sell the beam crypto.
7. Storing Beam Crypto
You have to store beam crypto after purchasing it. There are different methods to store your digital assets.
- You can invest them in the best products that will help you to generate passive income every moth.
- The crypto exchange networks also allow you to store them at their digital platform. But this method can be risky because if a particular exchange network collapse or bankrupt then you will also lose all of your cryptocurrency.
- The best method to store your digital assets is to keep them in beam crypto wallet. There are further two categories that allow you to keep your digital currency more safe and sound. You can store your beam crypto in software and hardware wallets. it means the software wallets are in digital form because they are always connected with the internet. There is also risk of being hacked by someone. But you can select the hardware wallet method to store your beam crypto which helps you to store your private crypto keys without internet connection in offline manner.
8. Track The Performance Of Your Beam Crypto
The crypto exchange network provides you some tools that help you to track the performance of your beam crypto. It will help you to know at which position your digital assets lie and you can easily make the decision to buy and sell beam crypto in the future.
Also watch the following video on how to invest in beam crpypto:
What Is The Price Of Beam Crypto?
Today the beam crypto price is $0.1153. if you want to invest in this crypto currency then you should look at its growth and downfall. Here is a table that will explain everything that we are discussed above:
| Today Beam Price | $0.1153 | |
| In the Coming 5 Days Prediction | $0.1330 | 0.0177 Growth |
| In the Coming Week Prediction | $0.1395 | 0.0242 Growth |
If you want to know the future changes occur in the price of beam crypto then here is the chart including the beam crypto prediction in the coming 10 years.
How To Sell Beam Crypto?
The selling process is also same as the buying method of beam crypto. You have to pay the fixed transaction fee that a particular crypto exchange platform charges for selling beam digital assets. This will help you to get your amount either in your crypto wallet or bank account as per your needs.
Also Read: Cryptocurrencies that have 1000x potential
Frequently Asked Questions – How to Buy Beam Cryptocurrency
Q: Is Beam A Good Investment From Long Term Perspective?
Look at these four tips that will help you to know whether it is good to invest in beam for long term benefits:
- Know about its owners that will show the credibility of the beam crypto.
- Then you should look at its ecosystem and analyze the type of investors who are trading in beam crypto.
- Look at the security measure that is taken to keep you digital assets safe from everything.
- Look at the growth chart of beam crypto to analyze the right time to invest in beam.
Q: How Much Money I Have To Spend To Buy Beam Crypto?
You just need to invest few dollars for buying beam coins. It is not costly as the bit coin that is not affordable for everyone. For example investing $500 will give you 14416 Beam. You can invest as many amount as you can.
Q: Can Beam Coin Reach 1$ In Future?
Yes, according to the current growth of beam coin at crypto market and future prediction there will be chances that it will reach $1.071 in 2025.
Conclusion – How to Buy Beam Crypto
If you are willing to by beam crypto then all of the crucial steps that we are discussed above will help you a lot. We also help you to lean where and how to buy beam crypto and we hope this post will be beneficial for you in making the right decision while investing in beam.
Beam is no undoubtedly the best crypto currency which offers great privacy to its customers by keeping all of their transactions confidential. Its future prediction also shows a great growth that’s why we suggest you to invest in beam crypto to get maximum benefits.