The Ultimate Guide To Buying Beer Tokens

Beer Money is a unique cryptocurrency that combines two growing markets: craft beer and blockchain technology. The BEER token is a digital asset based on Nem's blockchain and the Binance Smart Chain. It aims to revolutionise how craft beer enthusiasts interact with their favourite beverages by providing a secure and decentralised framework for transactions and investments within the craft beer market. While Beer Money is not listed on Binance, it can be purchased through a centralised exchange or a decentralised exchange (DEX). The most popular exchange to buy and trade Beercoin is Raydium, but other options include HTX and MEXC. It's important to note that the cryptocurrency market is volatile, and thorough research is necessary to understand the risks and dynamics involved.

Where to buy Beer Token

Beer Token (BEER) is available for purchase on several cryptocurrency exchange platforms. The most straightforward option is to find a reliable centralized exchange similar to Binance, such as those listed on Coinmarketcap.com's Markets section. Here is a step-by-step guide to buying Beer Token on Binance:

Step 1: Create a Binance Account

• Visit the official Binance website (https://www.binance.com/en).
• Verify the website's security by looking for the 'Secure' certificate in the address bar.
• Bookmark the authentic site to avoid confusion and phishing scams.
• Click the 'Register' tab, fill in your trading details, such as your mobile number or email address, and create a strong password.
• You will receive a 6-digit verification code via email to complete the registration.
• (Optional) Enable two-factor authentication (2FA) for added security.

Step 2: Buy Your First Bitcoin (BTC)

• Send money to your Crypto wallet on Binance using a bank transfer or credit/debit card.
• Go to the 'Buy Crypto' tab, select your currency (e.g., US Dollars), and choose the 'Credit/Debit Card' option.
• Choose Bitcoin (BTC) and the amount you want to spend. Review the total amount, including fees, before proceeding.
• Click 'Buy BTC,' review the order details, terms, and disclaimer, and then confirm your order.
• Provide your credit card and personal information, and complete the payment.
• Verify your email and phone number, as well as your identity with an official document.

Step 3: Create a MetaMask Account

• Visit https://metamask.io or search for the "MetaMask extension" in your preferred web browser (Chrome, Firefox, or Opera).
• Install the MetaMask extension and create a strong password for your new wallet.
• Save the 12-word seed phrase in a secure location.

Step 4: Connect MetaMask to Binance Smart Chain

• Access the Settings and locate the Networks menu.
• Click 'Add Network' in the top-right corner and manually add the Binance Smart Chain details:
• Network Name: Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org/
• Block Explorer URL: https://bscscan.com

Step 5: Deposit BNB to Your MetaMask Wallet

• Copy your MetaMask wallet address by hovering over the account name and clicking on it.
• Send BNB or tokens to this address from your chosen application.
• Select the amount you want to send and ensure you choose the correct transfer network: "Binance Smart Chain (BSC) BEP20(BSC)."

Step 6: Trade Your BNB for Beer Token

• Choose a decentralized exchange (DEX) that supports your chosen wallet, such as Pancake Swap for Trust Wallet.
• Connect your wallet to the DEX using your wallet address.
• Trade your BNB for Beer Token (BEER) on the exchange.
• If Beer Token doesn't appear on the DEX, find its smart contract address on https://bscscan.com/ and paste it into Pancake Swap.

Alternatively, Beer Token can be purchased on decentralized exchanges and other centralized crypto exchanges, such as Raydium, HTX, and MEXC. Always conduct thorough research, understand the risks, and be cautious when investing in cryptocurrencies due to market volatility and potential scams.

How to store Beer Token

Once you have purchased your Beer Tokens, you will need to store them in a digital wallet. Beer Tokens are available on the Stellar, Solana and XRP Ledger (XRPL) networks and can be stored in compatible wallets.

Stellar is an open network for creating, storing, sending and moving money quickly, at a low cost, almost instantly. Solana is a fast, low-cost, decentralised blockchain built to enable scalable, user-friendly apps. The XRP Ledger (XRPL) is a fast, low-cost, decentralised, public blockchain.

When choosing a wallet, you may want to consider the Trust Wallet, which is available as a Chrome extension or a mobile app.

It is important to keep your seed phrase safe and to take note of your wallet address.

Beer Token's real-time price

The real-time price of Beer Tokens varies depending on the specific token and exchange platform. Here is an overview of the real-time prices for Beer Tokens on various platforms:

Beer Money (BEER)

Beer Money is a digital asset based on the Nem blockchain and Binance Smart Chain. It aims to bridge the craft beer and cryptocurrency communities. As of December 2, 2024, the market capitalization of Beer Money stood at $22,642.40 USD. The live price of Beer Money is not specified, but it has experienced a 2.90% price decline in the last 24 hours and a 71.70% price decline in the past 7 days.

Beercoin (BEER)

Beercoin's price is calculated in real-time by aggregating data from 19 exchanges and 19 markets, using a global volume-weighted average formula. As of November 28, 2024, the price of Beercoin was $0.00001326. It has a 24-hour trading range of $0.00001316 to $0.00001466. The all-time high for Beercoin was BTC0.088212 on June 10, 2024, and the current price is -97.70% lower. The market capitalization of Beercoin is BTC122.9112, and it is ranked #1616 on CoinGecko.

Beer Token (BEER)

The live price of Beer Token is $0 per (BEER/USD) today, with a market cap of $0 USD and a 24-hour trading volume of $0 USD. Beer Token is +6.51% in the last 24 hours. It has a circulating supply of 0.

BEERCOIN (BEER)

BEERCOIN is a unique cryptocurrency that positions itself as the "liquid gold" of the crypto world. It is based on the Solana blockchain. As of December 6, 2024, the live price of BEERCOIN is $0.000014 USD, with a 24-hour trading volume of $10,437,006 USD. BEERCOIN is up 4.36% in the last 24 hours and has a market cap of $7,546,947 USD. It is ranked #1330 on CoinMarketCap.

How to buy Beer Token on Binance

Please note that Beer Token (BEER) is not listed on Binance for trade and service. However, if you would like to know where to buy Beer Token, you can follow the step-by-step guide below.

The most straightforward way is to find a reliable centralized exchange similar to Binance where you can buy Beer Token. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchanges the coin is listed on.

Another option to buy Beer Token is through a decentralized exchange (DEX) that supports the blockchain where your Beer Token resides. This guide will show you how to buy Beer Token by connecting your crypto wallet to a DEX and using your Binance account to buy the base currency.

Download a Trust Wallet

There are several crypto wallets to choose from. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.

Set up your Trust Wallet

Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address.

Buy the base currency

Once your wallet is set up, log in to your Binance account and proceed to the Binance Crypto webpage to buy the base currency. If you are not an existing Binance user, you can refer to the How to Buy guide on registering and buying your first cryptocurrency on Binance.

Send the base currency from Binance to your crypto wallet

Once you have bought the base currency, go to your Binance wallet section and find the currency you purchased. Click on withdraw and fill up the required information. Set the network, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your base currency to appear in your Trust Wallet.

Choose a Decentralized Exchange (DEX)

There are several DEXs to choose from; you just have to make sure the wallet you selected is supported by the exchange. For example, if you use Trust Wallet, you can go to Pancake Swap to make the transaction.

Connect your Trust Wallet to the DEX

Connect your Trust Wallet wallet to the DEX you want to use by using your wallet address.

Trade your base currency with Beer Token

Select your base currency as the payment and Beer Token as the coin you want to acquire.

Find Beer Token's smart contract

If Beer Token doesn’t appear on the DEX, you can refer to bscscan.com and find the smart contract address. You can then copy and paste it into Pancake Swap. Beware of scams and make sure you have the official contract address.

Once you are done with the previous steps, you can click on the Swap button. From deciding where to buy Beer Token to making the purchase, your crypto transaction is now complete!

How Beer Money will be used

Beer Money is a digital asset that combines two growing markets: craft beer and cryptocurrency. It is built on the Nem blockchain and the Binance Smart Chain, providing a secure and decentralised framework for transactions and investments within the craft beer market.

Beer Money is designed to be used as a digital asset within the craft beer industry, creating a unique ecosystem. It facilitates transactions within the Brewery of the Blockchain Era, allowing users to purchase craft beer and related products. This integration with the craft beer market aims to streamline payments, enhance customer engagement, and foster a community of craft beer enthusiasts who are also interested in blockchain technology.

The dual-blockchain approach ensures that transactions are secure, fast, and reliable, which is crucial for building trust within the community. It also allows Beer Money to benefit from the unique features of each blockchain, such as Nem's efficiency and the Binance Smart Chain's high throughput and low transaction costs.

By focusing on this niche market, Beer Money captures the interest of both craft beer aficionados and cryptocurrency investors looking for new opportunities. It offers a novel approach to digital assets, providing flexibility and efficiency in transactions.

Frequently asked questions