How to Purchase Beam Cryptocurrency: A Comprehensive Guide for Crypto Developers
Beam cryptocurrency is a fast, scalable, and energy-efficient blockchain that enables instant transactions without the need for expensive proof-of-work mining. With its unique consensus mechanism called “Delegated Proof of Stake” (DPoS), Beam offers an innovative solution for businesses looking to process high volumes of transactions quickly and cost-effectively.
Key Features of Beam Cryptocurrency
Before we dive into purchasing, let’s take a closer look at what makes Beam such an attractive option for crypto developers.
Instant Transactions
Beam provides instant transaction confirmation times, even for large volumes of transactions. This is made possible by its innovative DPoS consensus mechanism, which allows for faster and more energy-efficient processing than traditional proof-of-work mining methods.
Scalability
Beam’s blockchain can handle high transaction volumes without compromising on performance or security. It achieves this through its unique “state channels” feature, which enables off-chain transactions to be processed quickly and securely.
Energy Efficiency
Unlike other cryptocurrencies that require expensive mining equipment to validate transactions, Beam uses a delegated proof-of-stake consensus mechanism that consumes significantly less energy. This makes it an attractive option for businesses looking to minimize their carbon footprint while still benefiting from the speed and security of blockchain technology.
Privacy
Beam offers built-in privacy features that allow transactions to be processed anonymously or pseudonymously. This makes it an ideal choice for businesses operating in countries with strict privacy regulations, such as Europe.
Steps to Buy Beam Cryptocurrency
Now that we’ve covered the key features of Beam, let’s walk you through the steps to purchase Beam cryptocurrency.
Choose a Trusted Exchange
The first step is to choose a reputable exchange where you can buy and sell Beam. Some of the top exchanges currently offering Beam include Bitfinex, Kraken, and Gate.io. It’s important to do your research and choose an exchange that has good security measures in place and a proven track record of handling high volumes of transactions.
Set Up Your Account
Once you have chosen an exchange, the next step is to set up your account. This typically involves providing personal information such as your name, address, and date of birth, as well as setting up a payment method for depositing funds into your account.
Deposit Funds
To purchase Beam, you will need to have funds in your account. Most exchanges accept various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies such as Bitcoin or Ethereum. Make sure to choose a payment method that is convenient for you and has low transaction fees.
Place Your Order
Once you have funds in your account, you can place an order to buy Beam. To do this, navigate to the “Buy” section of the exchange and select Beam from the list of available cryptocurrencies. You will then be prompted to enter the amount of Beam you want to purchase and choose a price at which you are willing to buy.
Confirm Your Order
Before placing your order, make sure to carefully review the details and confirm that everything is correct. Once you are ready to proceed, click on the “Place Order” button to submit your purchase request.
