Assume Control Over Your Finances
Numerous individuals who decide to purchase MOON with Visa right away will keep the altcoin in their normally equipment wallet. Along these lines, the resource has a place with them, and them alone since the altcoins arent being kept in some bank or other concentrated organization, theres no danger of them being lost because of an abrupt liquidation or a monetary emergency.
Is Investing In Safemoon Safe
Well, this totally depends on the risk appetite of the investor. This is because the last couple of months have seen the investors making both impressive gains as well as staggering losses. All in all, this has a risk element associated with it, just like any other cryptocurrency. Someone who has conducted extensive research done and has a thorough understanding of cryptocurrencies can definitely try their hands at it.
Where Can You Buy The Safemoon Crypto
If you want to take the plunge and see for yourself what SafeMoon is all about, you have a few options.
SafeMoon is a very new crypto. As such, there are many investors who dont know where to find it. There is also only a small handful of exchanges that facilitate SafeMoon trading. PancakeSwap is the most known of the SafeMoon options. The Safemoon Twitter even has a short guide pinned in case investors need help getting started.
Aside from PancakeSwap, most SafeMoon trading volume comes from BitMart. WhiteBit, Gate.io and MXC.com are more minor options, but still see SafeMoon trades.
Safemoon crypto is currently down 10% over the last 24 hours. As always, be sure to do your own research before diving in.
On the date of publication, Brenden Rearick did not have any positions in the securities mentioned in this article.
Article printed from InvestorPlace Media, https://investorplace.com/2021/04/5-ways-you-can-buy-the-safemoon-crypto/.
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Is Safemoon A Long Term Investment
SafeMoon did garner plenty of criticism from the financial enthusiasts, giving it the designation of a meme coin. Moreover, with DOGE and SHIBA INU already leading away much of the market-frenzy, only time will tell if SafeMoon will land on the moon or fall among the stars .
Investing in Safemoon turned out to be extremely profitable for early investors. But has been seeing a lot of price volatility of late. Its history of the frequent rise and fall shows more of a gamble investment. While cryptocurrencies such as the popular ones DOGE and SafeMoon can help you recover quick losses but they arent termed as viable investments for a longer duration. Cannot be advised to spend the entire life savings in this asset for the time being.
The future holds good if one is to believe WalletInvestor predicts Safemoon price to rise to $0.000051 in one year and up to $0.000237 in five years. Similar sentiments are reflected by Digital Coin, which puts Safemoon price prediction to $0.00000870 in one year and $0.00001690 over five.
I might sound snarky, but, when people can invest seriously into a meme-fueled cryptocurrency like Dogecoin, having a well-thought-out Safemoon does fall flat.
For What Reason Is Moon Coin Worth It
In view of the specialized MoonCoin investigation and assessment, the current market rank of MOON is #1123, while the coins market cap is $1,626,409.69 USD. In correlation, the Bitcoin market cap is just about as high as $421,832,857,930.38 USD! As indicated by our exploration, the complete circling supply of Moon Coin is 227,308,325,877 MOON coins, while Bitcoin has an all out current stock of 18,577,256 BTC coins.
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What Is Safe Moon Crypto
SafeMoon Protocol is a decentralized finance token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition, and Burn.
SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token exchange, as well as charity projects and crypto educational apps.
With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts.
SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
So Should You Invest In Safemoon
Choosing to invest in SafeMoon is a personal decision that should be made based on how much risk you would like to take. The success of SafeMoon depends on Binance, the SafeMoon team and whatever community is built around it.
A calculated investment in SafeMoon would require the investor to take into account the centralization of the Binance Smart Chain and how much control Binance has over it. It would also require a level of faith in the legitimacy of the SafeMoon team, which has little proof of previous success. While people need to get their start somewhere, a healthy dose of skepticism can go a long way.
SafeMoon, along with all other tokens on the Binance Smart Chain, is effectively at the whim of Binance with the centralized nature of proof of authority. If Satoshi Nakamoto returned and could make direct edits to Bitcoin’s code and have it implemented to every miner and node in the network it would no longer be decentralized and would therefore reduce faith in the system.
An investment in SafeMoon in its current stage would be pure speculation as it is not yet a proven team or project. That said, all ships tend to rise with the tide. Should Bitcoin continue on its trajectory in this bull market there could be a chance SafeMoon will increase as well, and other speculative investors could push it higher, but these are risky bets to make.
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How To Buy Mooncoin From Above
Step 1: Click on Buy MoonCoin from Exchange button. Step 2: You will be redirected to the exchange. Step 3: Sign up if you do not have an account with that exchange else log in. Step 4: See if the exchange support fiat currency or cryptocurrency or both. Step 5: Deposit the currency it supports and buy the currency you want.
Note: If you are going to buy from Shapeshift or Changelly you do not have to create an account. You can directly put the wallet address of that specific coin and buy.
How To Buy Safemoon In 10 Easy Steps
This article will explain the methods of how to buy SafeMoon . This coin has exploded in popularity recently, and for good reason. With the price incredibly low, and its promise to bring investors to the moon, celebrities and investors looking to make a quick buck happily have jumped on board. Unfortunately, SafeMoon can be extremely complex to purchase. Weve broken it down for you to make your SafeMoon purchase as quick and stress-free as possible.
This step-by-step guide was created to help you learn how to buy SafeMoon with the easiest method.
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Dave Portnoys Safemoon Endorsement
As of May 17 2021, Dave Portnoy, founder of Barstool Sports, has voiced his allegiance to SafeMoon. He announced his support on Twitter, encouraging his followers to buy the crypto token. Admitting that he doesnt really know what SafeMoon is, Portnoy told his followers: If it is a ponzi , get in on the ground floor. However, SafeMoon is far from being on the ground floor. The token is currently trading for a 1,000% premium over its price in April.
The reason some investors think theyre early investors in SafeMoon is its low price. SafeMoon can be bought for far under a penny, leading some to think theres lots of room for the cryptocurrency to grow. However, its almost impossible for SafeMoon to reach a penny, much less a dollar. This is because of the immense amount of tokens minted the initial supply was 1 quadrillion tokens.
What Is A Safemoon Cfd
CFD is an acronym for Contract for Difference. It is a trading instrument where you can speculate on the price performance of a financial asset without buying the underlying asset. This means you can open buy and sell positions on the asset without holding it.
Trading SAFEMOON as a CFD comes with numerous advantages. The first is that you can earn profits when trading CFDs, even if the price of an asset is declining. You can bet on the SAFEMOON’s price going up or down, and if your prediction is correct, you will earn profits. CFDs also allow you to earn higher profits than supposed to, thanks to trading tools like margins. However, this tool can also amplify your losses if the market moves in the opposite direction.
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Buy Safemoon On Binance
Binance is the worlds largest cryptocurrency exchange. Its Trust Wallet App and PancakeSwap exchange can be used to purchase SafeMoon.
Below is how the process works:
1. Open a Binance Account
account if you dont have one already. This step is required to purchase the Binance Coin you need to swap for SafeMoon.
Binance coin is the native currency of the Binance ecosystem.
When Binance users use BNB to pay trade commissions, they get a 25% discount.
2. Download Trust Wallet App
Trust Wallet is a cryptocurrency wallet owned by Binance. It can be used to buy, keep, and exchange various crypto coins and DeFi tokens.
After installing the app, create a new wallet, and be sure to write down and keep your recovery phrase in a safe place.
To buy SafeMoon, you need to use the Trust Wallet to connect to PancakeSwap.
Send your BNB to Trust Wallet and swap to a BNB Smart Chain token. You can also buy Binance Coin directly in the Trust Wallet.
3. Buy SafeMoon on PancakeSwap
Visit PancakeSwap from Trust Wallet . iPhone users may need to type this link in Safari to activate and connect to PancakeSwap.
Exchange your Binance Coin for SafeMoon. Limit your slippage to 12%. You can hold SafeMoon on the Trust Wallet.
Safemoon Price Performance Over Time
Historical prices compared with the price of US$0.00000166.
You can cash out your SAFEMOON with the same exchange you bought it through:
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How To See Safemoon In Your Trustwallet
Now, you are well versed with the process of how to buy SafeMoon coins safely, now let us see how you can check if the amount has been credited in the TrustWallet or not?
Here are the few steps that you need to follow to check the amount credited in your account-
- Copy SafeMoons Contract Address i.e 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 and after that go back to the main page of TrustWallet
- Tap on the blue icon placed on the top right corner and then scroll down
- Type Safe in the search bar and click on Add Custom Token
- Now, you need to change the Network from Ethereum to Smart Chain.
- Go to Contract Address, and paste SafeMoons Contract Address. Then, click on Save.
Now, you will be able to see the amount of SafeMoon tokens in your TrustWallet.
Transfer Your Cryptos To An Altcoin Exchange
But we are not done yet, since SAFEMOON is an altcoin we need to transfer our coins to an exchange that SAFEMOON can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review , BitMarts 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcaps the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.Unfortunately Bitmart does not allow investors from USA as customers, US investors please read on to see our other recommendations.
After going through a similar process as weve done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
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Why You Can Trust Bankrate
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Weve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our investing reporters and editors focus on the points consumers care about most how to get started, the best brokers, types of investment accounts, how to choose investments and more so you can feel confident when investing your money.
How To Buy Safemoon
Since SafeMoon is a new and controversial cryptocurrency token, popular exchanges like Coinbase and Gemini dont support the asset on their platforms. Due to this, the process of investing in SafeMoon is more involved than some other cryptocurrencies.Youll need to make a Binance account to use the platforms decentralized exchange, PancakeSwap. Creating an account with Binance is easy you just need to provide an email address and create a password. Depending on where you live, you may have to provide additional information before youre approved to begin trading.Once youre approved to trade, youll need to purchase Binance Coin . Since youll eventually be swapping these tokens for SafeMoon, you should buy as much BNB as you wish to invest in SafeMoon.Remember, names can be deceiving theres a good chance youll end up losing close to your entire investment if you decide to invest in pump-and-dump Tik Tok Tokens. While cryptocurrencies like DOGE and SafeMoon could make you a quick buck, they arent regarded as viable investments for the long term.
In order to use Pancakeswap, youll need to use a software wallet thats compatible with Binance Smart Chain. Trust Wallet and Metamask are good options, but you must enable them to work with Binance Smart Chain before using it for these tokens, as these wallets were initially intended to be Ethereum wallets.
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Where Can You Buy Safemoon
As of April 2021, you can purchase SafeMoon on PancakeSwap and BitMart.
For more information about how to buy Bitcoin and other cryptocurrencies, check out our guide here.
The current price of SAFEMOON is $0.00 and is ranked 2489 on Coinmarketcap and has recently surged 53.42 percent at the time of writing.
SAFEMOON has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SAFEMOON.
Where To Buy Sell And Trade Mooncoin Aka Moon
You can basically use debit card, credit card, or even PayPal to buy the MOONCOIN . However, the transaction wont be direct. Its not like you pay with cash and you get the MOONCOIN as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to MOONCOIN. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
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How To Buy Safemoon In The Uk
Buying safemoon in the UK is not a straightforward process, but it is possible.
In order to do so, potential investors must first set up a crypto wallet on the Binance crypto exchange and then buy binance coins. These can subsequently be exchanged for safemoon coins.
Bear in mind that Binance is not allowed to carry out regulated activity in the UK. Also remember that your money isnt protected if anything goes wrong.
Where to buy safemoon:
- Purchase one of two availableestablished cryptocurrencies: binance or bowscoin.
- PancakeSwap lets you exchange binance or bowscoin for safemoon tokens.
- Safemoon tokens are then held in Trust Wallet.
How To Buy Mooncoin
Crypto Buy Guy1299
There is no real easy way to convert your cash into Mooncoin directly, regardless if you are using USD, Euros, GBP, Canadian Dollars, Paypal, Credit Card, etc.. the list goes on.
In order to buy Mooncoin or MOON you first need to convert your currency of choice into one of the main crypto currencies like Bitcoin, Ethereum, or Litecoin, and send it to an exchange where you can easily trade your BTC, ETH, or LTC for MOON.
For this beginners guide we will show you one of longest standing exchanges and still today one of the fastest and easiest ways of getting started trading and investing in crypto: CoinBase.
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