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A guide to Beam and where to buy it

Beam was the first Mimblewimble-based cryptocurrency to be publicly released.

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.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Beam

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA


Finder Exclusive: Sign up with code FINDER15 and get EUR 15 when you spend over EUR 100 each month. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet. Cryptocurrency Exchange


Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET


Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Binance Cryptocurrency Exchange
Bank transfer (ACH)


Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.

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Learn more about Beam

Step-by-step guide to buying Beam

At the time of writing (August 2021), you can only buy BEAM with Bitcoin (BTC), Ether (ETH) or Tether (USDT). You cannot yet buy it directly with fiat currency such as EUR or USD.

How to sell BEAM

If you want to sell BEAM, the process for doing so is the same as buying, except you reverse the coins you’re buying and selling.

To sell BEAM, you can either buy BTC, ETH or USDT with BEAM, or sell your BEAM in exchange for BTC, ETH or USDT.

Wallets for Beam

At the time of writing (August 2021), the only wallet that supports BEAM is the official one created by Beam.

You can download it from Beam’s website.

What is Beam?

Beam was the first cryptocurrency to go live with the Mimblewimble protocol. It combines the ideals offered by the privacy protocol with the regulatory friendliness of opt-in auditability.

At a glance

Ticker symbolBEAM
UsePrivate and anonymous cryptocurrency transactions
Year released2019
Maximum supply262.8 million BEAM
Consensus algorithmEquihash
Notable team membersAlexander Zaidelson

Buy/sell BEAM

Privacy cryptocurrency

Anonymous cryptocurrencies facilitate private transactions by allowing you to move money without revealing who’s sending or receiving it.

There are several privacy cryptocurrencies that use different systems to achieve this.

For example, Monero hides the identities of its users by mixing decoys into a transaction. Zcash conceals addresses and allows for optional shielding of transaction values.

In Beam’s case, it doesn’t even show the transaction amounts or the addresses of the sender or receiver. But where needed, it allows users to attach data to a transaction in order to create an audit trail for regulatory and compliance purposes.

Beam achieves anonymity with something called the Mimblewimble protocol. It’s one of the only cryptocurrencies in existence to use this protocol.


Mimblewimble is a framework people can use to build privacy cryptocurrencies. It consists of several key elements, each of which grants a certain type of privacy. For example, one element hides transaction amounts and coin histories while another conceals wallet addresses.

These individual elements were separately designed for Bitcoin originally, but Mimblewimble was the first to put them all together in a way that they could work together.

The result wasn’t compatible with Bitcoin though, which is why Beam was created from scratch.

What makes Beam different?

Two cryptocurrencies quickly emerged and started building on top of Mimblewimble. One of them is Beam, and the other is Grin.

One of the main differences between them is that Beam is a corporate venture with organised development, venture capital backers and commercial branding. By contrast, Grin is the work of mostly anonymous volunteer developers.

The technical foundations of Beam have many people regarding it as a promising competitor in the privacy coin space.

As the thinking goes, privacy is a highly desirable feature for digital currency in a quickly changing world. But at the same time, a completely anonymous digital currency is unlikely to receive a warm welcome from regulators. Beam, with its opt-in disclosure modes, is an effort to solve this.

What to watch out for

  • High volatility. Cryptocurrencies are volatile by nature, but Beam might be especially volatile due to its newness and low circulation to date.
  • Questionable demand. Real-world demand for cryptocurrency is still limited, and when given the choice of optional privacy modes, the majority of people prefer not to use them. This suggests that Beam may struggle to gain traction.
  • ASIC centralisation. Beam cannot be realistically mined with GPUs, so ASIC miners dominate its Equihash algorithm. The economics of Beam mining trend towards centralisation.
  • Equihash vulnerabilities. Beam currently has a hashrate of about 5.1MH/s. It is currently highly vulnerable to a 51% attack. If it ever achieves sufficient liquidity without a commensurate increase in hashrate, it may become profitable enough for someone to attack it.
  • Centralisation hazards. There is a single, identifiable company behind Beam development. This presents a potential vulnerability if anyone wants to shut it down.

Buy/sell BEAM

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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Disclosure: At the time of writing the author holds ETH.

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