Discover how to buy Moonbeam (GLMR) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Moonbeam (GLMR) is currently at
$0.066820
-$0.00045 (-0.67%)
Last updated on --.
How can I buy Moonbeam on OKX?
Whether you're new to crypto or an experienced trader, you can buy Moonbeam using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Moonbeam
Select Moonbeam and buy using your chosen method.
Step four
Receive your Moonbeam
Confirm your purchase and store your Moonbeam in your portfolio.
What's Moonbeam?
Moonbeam is like a bridge that helps different blockchains talk to each other. Imagine you have a toy that only works with certain batteries. Moonbeam makes it possible for your toy to work with any battery. It exists to make it easier for developers to create apps that can work across different blockchain networks, solving the problem of compatibility and communication between them.
How can I buy Moonbeam?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Follow the instructions to enter your details and verify your identity. 2) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 3) Once your account is funded, search for Moonbeam and place a buy order by selecting the amount you wish to purchase and confirming the transaction.
Why do people buy Moonbeam?
People buy Moonbeam because it allows developers to build applications that can work across multiple blockchains, enhancing interoperability. It supports smart contracts and is part of the Polkadot ecosystem, which is known for its scalability and security. Moonbeam is useful for developers looking to expand their reach and for users who want to access a wider range of blockchain services without being limited to one network.
Things to know before buying Moonbeam in the United States
In the United States, cryptocurrencies like Moonbeam are legal but regulated. You must complete KYC and AML verification when setting up an account. Cryptocurrencies are subject to tax implications, such as capital gains tax when you sell them for a profit. Income from staking may also be taxable. It's important to keep records of your transactions for tax reporting purposes.
What are other ways to own Moonbeam?
You can obtain Moonbeam through airdrops, where tokens are distributed for free to eligible participants. Participating in Learn-and-Earn programs can also reward you with Moonbeam. Staking or providing liquidity in certain networks may earn you Moonbeam as a reward. Task-based programs, like referrals, can offer Moonbeam as a bonus. Each method requires different levels of effort and may involve risks like market volatility.
How can I store my Moonbeam?
To keep your Moonbeam safe, you can use custodial storage, where OKX holds your tokens, or non-custodial storage, where you control them. Hot wallets are convenient for frequent access but are online and less secure. Cold wallets are offline and safer from hacks. Always back up your wallet and keep recovery phrases secure. Proof of reserves can help ensure your tokens are safe with custodial services.
Why should I buy Moonbeam on OKX?
Learn more about the security measures keeping your Moonbeam safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Moonbeam (GLMR)
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How to get Moonbeam for free
Invite friends, earn rewards
See how you can get free Moonbeam when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Moonbeam grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Moonbeam airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Moonbeam
Take advantage of price fluctuations and trade your Moonbeam for other cryptocurrencies.
Send Moonbeam
Send your Moonbeam anywhere, anytime with fast, low-cost transfers.
Spend Moonbeam
Use your Moonbeam to pay for goods, services, and experiences seamlessly.
Hold Moonbeam
If you think your Moonbeam will increase in value, you can hold onto it.
Sell Moonbeam
Convert your Moonbeam to cash quickly and securely.
How to buy Moonbeam (GLMR) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Moonbeam GLMR safely on a trusted exchange like OKX.
Choose the best exchange to buy Moonbeam (GLMR) depending on your individual needs. Factors to consider when picking the best place to buy Moonbeam (GLMR) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Moonbeam. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Moonbeam (GLMR), as well as fiat withdrawal options.
This depends on the method you use to convert Moonbeam (GLMR) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.