How to buy BEAM (BEAM) in the UK

Where to buy BEAM in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best BEAM wallets to store your BEAM

You can keep your BEAM on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BEAM below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is BEAM a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to BEAM, here are a few things you should consider:

• ASIC centralisation: Bitcoin, and some other proof-of-work protocols, suffer from centralisation issues due to heavy-duty computer farms comprising the majority of miners. Beam cannot be realistically mined with GPUs, so ASIC miners dominate its Equihash algorithm. This leads to a smaller proportion of miners controlling the network.
• Equihash vulnerabilities: Beam currently has a hashrate of about 5.1MH/s. Because of this, 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.
• Dandelion ++: BEAM has integrated a lightweight privacy layer Dandelion ++ to its network. The previous version, Dandelion, had a vulnerability where IP addresses could be compromised by nodes that recorded transactions. This would lead to public transactions on the blockchain, completely eroding the privacy Beam is trying to achieve.
• Competition: Beam is just one of many privacy coins available on the market. Monero, Verge and Dash are all examples of networks competing for a share of the market space.

Today's BEAM price versus ATH

Compare today's price of BEAM ($0.03686573 USD) against its all-time-high price of $10.03 USD on 04 January 2019. The closer the bar is to 100%, the closer BEAM is to reaching its ATH again.

How to trade, convert or sell BEAM

You can convert or sell your BEAM with the same exchange you bought it through:

1. Sign in to the exchange you have BEAM on.
2. If you store your BEAM in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of BEAM you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of BEAM.
6. Complete your transaction and move your BEAM to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.