A cryptocurrency exchange is the most straightforward way to purchase Moonbeam. A cryptocurrency exchange is a website where you can buy, sell, and trade Bitcoin and other cryptocurrencies. The general steps to purchasing Moonbeam on an exchange are as follows: 1. Create a profile on a trustworthy cryptocurrency exchange, like Cointree. 2. By offering the required documentation and personal information, you can verify your identity. 3. To fund your account, add a payment option like a bank account or credit card. 4. Look up Moonbeam (GLMR) and place an order to purchase it at the going rate on the market or at a price you specify. 5. The Moonbeam will be deposited into your exchange wallet as soon as the order is filled. It's important to remember that before purchasing Moonbeam, you should think about the risks involved in investing in cryptocurrencies and conduct your own research on the coins you are looking to purchase. Additionally, it's a good idea to store your GLMR in a hardware wallet to keep it safe and secure.

GLMR works as a utility token to perform tasks on Moonbeam dApps and power smart contracts. The token has an uncapped market supply, with a yearly 5% inflation rate - which pays for a slot on the Polkadot chain and rewards network participants.

The price of Moonbeam varies, depending on the current market. To access information about the currency’s value, simply sign in to your Cointree account, and type Moonbeam (GLMR) into the search bar. On our crypto exchange, we always calculate Moonbeam's price in Australian dollars (AUD) so you can work out exactly how much AUD you want to invest. You can use PayID to get your funds processed instantly and sent to your Cointree account, although that's not your only payment method available. You can also deposit cash or use a wire transfer to get your funds on our crypto exchange.

We prioritise security to make sure your Moonbeam (GLMR) is safe and secure. When you trade with Cointree, you are given a free wallet to store your Moonbeam. We recommend that you strengthen the security of your wallet by enabling Two Factor Authentication (2FA). This gives you a time-sensitive code every time you log in. You can also store Moonbeam in an external wallet. All you need to do is send your Moonbeam from your Cointree wallet to a hardware wallet such as a Ledger or Trezor. As cryptocurrency security and safekeeping is the user's responsibility, make you use the [best bitcoin wallet Australia](https://www.cointree.com/learn/best-bitcoin-wallet-australia/).