How to buy Moonbeam(GLMR) coins on mobile phone

For mobile purchases of GLMR coins, utilize the Binance app's verified account, funded with a supported cryptocurrency, to find the GLMR/BTC trading pair and place an order specifying the desired quantity and price.

Nov 29, 2024 at 09:00 am

How to Buy Moonbeam (GLMR) Coins on Mobile Phone

Moonbeam is a Polkadot-based smart contract platform that allows developers to build and deploy decentralized applications (dApps) that are compatible with the Ethereum Virtual Machine (EVM). GLMR is the native token of the Moonbeam network, and it is used to pay for transaction fees, stake for rewards, and vote on governance proposals.

If you're interested in buying GLMR coins, you can do so through a number of different cryptocurrency exchanges and brokers. However, not all exchanges support GLMR, so it's important to do your research before choosing one. In this guide, we'll show you how to buy GLMR coins on your mobile phone using the Binance app.

Step 1: Create a Binance Account

If you don't already have a Binance account, you can create one by downloading the Binance app and following the on-screen instructions. Once you've created an account, you'll need to verify your identity by providing a government-issued ID and a selfie.

Step 2: Fund Your Binance Account

Once your Binance account is verified, you'll need to fund it with a cryptocurrency that you can use to buy GLMR. Binance supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). You can deposit cryptocurrency into your Binance account by clicking on the "Deposit" button in the app and following the on-screen instructions.

Step 3: Find the GLMR/BTC Trading Pair

Once your Binance account is funded, you need to find the GLMR/BTC trading pair. You can do this by searching for "GLMR" in the Binance app. Once you've found the GLMR/BTC trading pair, click on it to open the order form.

Step 4: Place an Order

In the order form, you need to enter the amount of GLMR you want to buy and the price you're willing to pay. You can choose to place a market order, which will execute your order at the best available price, or a limit order, which will only execute your order if the price reaches a certain level.

Step 5: Complete the Purchase

Once you've entered the amount of GLMR you want to buy and the price you're willing to pay, click on the "Buy GLMR" button to complete the purchase. Your GLMR coins will be deposited into your Binance wallet shortly after the order is completed.

Additional Tips

• Do your research: Before you buy GLMR coins, it's important to do your research and understand the risks involved. GLMR is a volatile asset, and its price can fluctuate significantly.
• Only invest what you can afford to lose: Never invest more than you can afford to lose. The cryptocurrency market is unpredictable, and there's always the possibility that you could lose your investment.
• Store your GLMR coins securely: Once you've bought GLMR coins, it's important to store them securely. You can store your GLMR coins in a hardware wallet, a software wallet, or on a cryptocurrency exchange.