Where to buy the Beam crypto — The Cryptonomist

DISCLAIMER: Please be advised that the third-party services listed do not constitute an endorsement by Beam and is provided for information purposes only.

Bitcoin was a great blessing, showing people a way to a truly decentralized and deflationary currency and blazing the path towards a future where our money and finances are neither controlled nor scrutinized by anyone. Hundreds of new coins appeared, some of them minor variations of Bitcoin, some offering new possibilities.
However, the fact that transactions on Bitcoin and many of its derivatives are not confidential (all transaction history is stored in a public ledger accessible to anyone), makes cryptocurrency use in real life quite problematic. Can anyone think of a business that would want all its income and expenses to be seen by its competitors?
Privacy coins (like Monero, Zcash and their derivatives) have great merits and technology while providing good confidentiality, but do not fully deliver on scalability and decentralization.

Alike most cryptocurrencies, Beam relies on miners to add transactions to the blockchain.

Beam is a cryptocurrency that demonstrates an emphasis on privacy and anonymity with Mimblewimble implementation.

Without address information stored on the blockchain and keeping transactions private by default, Beam is meant to give control over privacy to users and scalability in it’s compact design.

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Beam is an anonymous privacy-oriented cryptocurrency based on the Mimblewimble protocol. Its transactions are private and anonymous by default.

In this guide, we’ll explain what sets Beam apart in the world of cryptocurrency as well as where you can currently buy, sell and trade it.

At the time of writing (February 2019), you can only buy BEAM with Bitcoin (BTC), Ether (ETH) or Tether (USDT). You cannot yet buy it directly with fiat currency, such as USD.

If you want to buy Beam, you’ll first need to buy cryptocurrency.

Beam is an anonymous privacy-oriented cryptocurrency based on the Mimblewimble protocol. Its transactions are private and anonymous by default.

In this guide, we’ll explain what sets Beam apart in the world of cryptocurrency as well as where you can currently buy, sell and trade it.

At the time of writing (February 2019), you can only buy BEAM with Bitcoin (BTC), Ether (ETH) or Tether (USDT). You cannot yet buy it directly with fiat currency such as CAD or USD.

If you want to buy Beam, you will first need to buy cryptocurrency. The easiest way might be to buy Bitcoin first, although Ether or Tether are also available in pairings with BEAM.

While there are many cryptocurrency exchanges, only a few trade Beam at the time of writing (February 2019).

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The Beam crypto has only been available on the market for about a month, so there are not many exchanges where it is possible to buy Beam. it is a new high privacy cryptocurrency based on the MimbleWimble protocol, similar to Grin.

The exchange with the largest volumes is Hotbit, where it can be purchased with bitcoin, ethereum and tether dollar (USDT).

It is also traded significantly on the Chinese QBTC exchange, especially for CNY Tether, the Tether stablecoin anchored to the Chinese renminbi.

It’s a fascinating time right now in the world of cryptocurrency.

At the time of the writing of this article, for example, bitcoin is still in the midst of its comeback tour, slowly reversing the effects of a fourteen-months long bear market.

The upcoming halving of mining rewards and the Chinese-American trading wars may have something to do with this, but there is a sense of bullish optimism surrounding crypto right now. JPMorgan Chase is slowly backing away from its previous denouncement of bitcoin and Binance’s CEO made the well-lauded prediction that cryptocurrency use will outpace Internet use in the next few years.

Innovation in the community may be driving this optimism. The advent of satellite-based transaction delivery, for example, promises to offer access in areas currently underserved or unserved by traditional Internet providers.

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