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How to safely buy Moonbeam (GLMR)

In this guide we are going to see how you can buy Moonbeam (GLMR) in an easy, simple and fast way. Currently, Moonbeam is available on many different platforms, and in this case we will use the best cryptocurrency platform.

Whether you are going to use the same platform or others, the tutorial is going to help you to know all the necessary steps to get this cryptocurrency. After the detailed step-by-step guide, you can find more information about the project and this cryptocurrency, so that you have as much information as possible before getting it. In addition to frequently asked questions and other doubts that users usually have when buying this token. So do not hesitate to stay with us until the end. 

Where to buy Moonbeam

To buy Moonbeam, the best option is to use the Binance platform. Although there are other exchanges where you can also buy Moonbeam, Binance offers the best options and the largest variety of cryptocurrencies. 

If you don’t have an account with Binance, you can create one here. Now I leave you with a video, so you can see how to buy Moonbeam in the best and easiest way, step by step, so you don’t have any doubts.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

Step by Step

To buy Moonbeam, the first thing you need to do is to log in to your Binance account, deposit your funds, either Euro, USD or another currency. 

 

Once you have funds in your account, go to markets, and select your currency pair against USDT (Tether).

You will then be able to buy Moonbeam. Once you choose the pair, you have to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Moonbeam.

With the USDT bought, you can go back to the main menu to see that you already have them in your account and the order has been executed. Go back to the market, and look for the GLMR/USDT pair, and click on it. 

Here, you will see again the same buy and sell panel, where you have to go to buy, to exchange your USDT for the amount of Moonbeam you want. Once you have chosen the amount, click on buy and you will have it.

If you go back to the dashboard, you can see how much Moonbeam you have. Now, you can keep it in Binance to sell it whenever you want, or take it to a wallet for more security. 

The most popular digital wallet is Metamask, where you can withdraw your Moonbeam from Binance to keep it in Metamask and have more security. You can also use them in DEFI exchanges.

If you follow these steps, you can have GLMR in less than 5 minutes. Sign up with Binance today so you don’t miss your chance.

Learn how to withdraw Moonbeam to your wallet to keep your cryptocurrencies safer in this guide here.

To conclude, let’s summarize in a simpler way all the steps we have seen as a summary: 

  • Create your Binance account or login if you already have one.
  • Deposit funds into your account (It is recommended to use a credit card to avoid having to wait)
  • We will use the deposited currency to get USDT (in this example, the EUR/USDT pair)
  • Go back to the markets and search for GLMR, where you will find the GLMR/USDT pair.
  • We will go down and buy the amount you want by clicking on BUY GLMR. Indicating the market and the amount we want to buy. 
  • It’s time to enjoy your new cryptocurrency.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

FAQS

We have already seen how to buy GLMR with Binance, but there are also other places to get this token. In case you already have an account or prefer to use another platform, this list can be of great help. To find out where you can buy GLMR, it’s as simple as going to coinmarketcap or coingecko. Here, search for the cryptocurrency, in this case GLMR. And once there, click on markets. 

Thus, you can see the entire list of platforms where it is available in real time.  In order not to waste your time, you can see the main platforms in the image below. 

Unfortunately, this option does not currently exist. Since there is no exchange or platform to buy and sell cryptocurrency that allows deposit with PayPal. 

The only platform we have been able to find is eToro, but it does not have GLMR listed yet. So we will have to wait until it is on this platform to be able to buy using PayPal. 

Although keep in mind that eToro does not allow withdrawals or deposits of cryptocurrencies. Since really when you buy, you are buying an etf that tracks the price of the cryptocurrency, but you do not really have the cryptocurrency to withdraw it as happens on other platforms such as Binance. 

In order to sell Moonbeam (GLMR), you will see that it is not complicated at all. You will only have to do the same steps you already did when buying, but with the difference of going to the red sell button.

We will look for the GLMR/USDT pair, and click on it once you find it. We go to the center, underneath and look at the red sell part. We indicate to the market on the top right, the amount you want to sell and exchange for USDT. Click on sell and it will be ready. We will have the GLMR sold and we will have USDT again.

To withdraw Moonbeam your wallet, you can see the following steps:

  • Go to wallet and spot wallet. 
  • We will search for GLMR and once you find it, click on withdraw.
  • Now you will see the Binance withdrawal panel
  • Open your wallet and we will copy the address. Usually metamask is used and is compatible with this network.
  • Indicate the correct network where to send the tokens. In this case, the Moonbeam network.
  • Enter the amount and check all the information.
  • With everything correct, click on withdraw and confirm with the confirmation codes.
  • Your GLMR will be on its way to your wallet.

In case you still have any doubts, you can visit this more detailed guide on how to withdraw funds from Binance. 

In case you want to withdraw your funds to another platform, for example from Binance to KuCoin, the process is the same as we have seen in the wallet, with one difference.

In the step of opening the wallet to copy the address, in this case we will have to open the platform where we want to send the tokens. Here, click on deposit, and select GLMR. Select the network you want to use to send the cryptocurrency, the most common is to use the Moonbeam network and you will see the address to copy.

With the copied address, go back to Binance and paste it. Indicate the same network as in the other platform. The other steps are the same as we have seen when withdrawing to your wallet.

In case you still have doubts, you can visit this more detailed guide on how to withdraw funds on Binance.

If you want to have your GLMRs in the most secure way possible, the best thing to do is to have them in a hardware wallet. In my case I used Ledger, and you can buy it here.

Ledger is the most used hardware wallet in the world and it will give you full control of your funds. It avoids the risk that they can hack the platform where you have your tokens, or even hack your computer and have access to your wallet. With a hardware wallet, without the physical object they will not be able to move your funds.

What is Moonbeam?

The future is the multi-chain

Expanding to new chains. Powered by Moonbeam, an Ethereum-compatible smart contract paracain on Polkadot.

The easiest path to multichain.

Minimal configuration changes.

No need to rewrite or reconfigure your smart contracts. They will work out of the box.

Familiar smart contract languages

Support for Solidity, Vyper, and anything that compiles to EVM bytecode.

Tools you already use

Use the Ethereum-based tools you like, such as MetaMask, Remix, Hardhat, Waffle, and Truffle.

Pre-built integrations.

Built-in integrations for assets like DOTs and ERC-20s, and infrastructure services like Chainlink and The Graph.

A fully Ethereum-compatible environment

on Polkadot

Moonbeam is much more than just an EVM implementation: it is a highly specialized tier 1 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, registrations and more. The Moonbeam platform extends Ethereum’s core feature set with additional features such as on-chain governance, staking and cross-chain integrations.

Robust smart contracts.

Re-deploy your existing smart contracts to a Polkadot environment without the need for refactoring or rewriting.

Publish-subscribe capabilities

Subscribe to contract events and updates about on-chain transactions, balances and more.

H160 accounts and ECDSA signatures

Interact with Moonbeam using your existing Ethereum accounts and keys.

Complete set of Web3 RPC endpoints.

Connect existing tools and dApp front-ends to Moonbeam as you would with Ethereum.

New users and use cases.

Target segments of your market that are out of reach for Ethereum due to gas prices.

Rich set of assets

Get immediate access to DOT, KSM, Polkadot native assets like GLMR and aUSD, plus other bridging assets like Bitcoin and ERC-20 based on Ethereum.

Growing Ecosystem

Enjoy first-mover advantage in deploying Polkadot’s rapidly expanding parachute ecosystem.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

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