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What is Moonbeam?

Moonbeam (GLMR) is an Ethereum-compatible smart contract parachain running on the Polkadot network. Moonbeam aims to be an extension of the Ethereum network, making it easier to use popular Ethereum development tools. Glimmer (GLMR) is the utility token of the Moonbeam network.

  • The Moonbeam network requires Glimmer tokens to function. GLMR is responsible for the gas metering of smart contract execution, facilitating the on-chain governance mechanisms, and paying for transaction fees on the network.
  • Moonbeam aims to be much more than just another Ethereum virtual machine. The highly specialised parachain enables mirroring of Ethereum’s Web3 RPC, accounts, keys, subscriptions and logs, making it a true extension of the original network.
  • Through the Moonbeam network, developers can port their existing Ethereum DApps to Polkadot or easily create new decentralised applications (dApps) using existing Ethereum development tools.

Moonbeam aims to be an extension of the Ethereum blockchain allowing existing Ethereum developers to bypass the scalability challenges present in the ETH network.

How do I swap Moonbeam?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Moonbeam

Why Should I Trade GLMR with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Moonbeam no matter what your trading experience is. Unlike other international and Australian Moonbeam exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Moonbeam with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Moonbeam how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Moonbeam?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Moonbeam for free.

Cold Storage

If you are holding Moonbeam as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Moonbeam. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Moonbeam. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Moonbeam has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Moonbeam is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Moonbeam exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Moonbeam & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Moonbeam safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Moonbeam portfolio here.
Yes! With CoinSpot you can convert your Moonbeam to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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