Sunday, August 14, 2022

How To Buy Safe Moon Cryptocurrency

How To Buy Mooncoin In : A Simple Guide

How to buy SAFEMOON | Step by Step Buy Safe Moon Cryptocurrency

In this guide youll get information about where to buy Mooncoin, if you are planning to buy MOON Youre in the right place!

Mooncoin as cryptocurrency is created based on PoW system with main purpose of micropayment transaction. It is created so everyone can have access to cryptocurrencies in more secure and easy way. It is created on 30th December 2013 and used frequently on global scale microtransaction. The maximum supply for this coin is 384billions which comes from millimeter distance from earth to the moon which also gives this coin its name. It has special programming language called MoonWord which can be used to do the transaction with any involvement from third party. This means, the transaction is more secure and private.

With The Its Rising Popularity Safemoon Investors Speculate About The Legitimacy Of The Crypto

With the large amounts of cryptocurrencies available in the market today and more getting added daily, it might be challenging for investors to know which ones to research and invest upon. Popular coins like Ethereum, Bitcoin, and Solana, to name a few, have taken the financial market by storm, with massive valuations. But not all digital currencies will be successful. Many cryptos have failed, and some are scams. Recently, SafeMoon has emerged as a hot topic among investors. It is one of the newer cryptocurrencies that hit the market in March 2021 as a community-focused decentralized token to challenge popular cryptocurrencies like DOGE and Shiba Inu. SafeMoon quickly became a frenzy of interest within a month of its launch. In a matter of days, the SafeMoon price shot up 7000%. But many critics believe that it is a scam or a Ponzi scheme. Undoubtedly, its newness has driven investors to think is Safemoon a good investment or not. In this article, we have listed 5 Safemoon pros and cons for you to determine if it is a worthy investment for 2022.

Pros

Cons

Choosing to invest in SafeMoon is a decision that investors should make themselves, depending on the number of risks they are willing to take. The success of SafeMoon depends on Binance, the developer team, and its growing community.

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.

Also Check: How To Transfer Crypto From Exchange To Wallet

Deposit Btc To Exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once youre done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But dont worry, its basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying BTC address, this is a unique public address of your Bitcoin wallet at BitMart and you can receive Bitcoin by giving this address to the person to send you the funds. Since we are now transferring our previously bought bitcoin on Coinbase to this wallet, click on Copy Address or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on Bitcoin on your asset list, then click on Send on the right.

Under the Recipient field, paste the wallet address in your clipboard, for security consideration you should always check if both address are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Should You Buy Safemoon

Safe Moon Cryptocurrency Buy

Investing in any digital currency is high-risk, high-reward. It is not for everyone, nor should it generally be relied upon for funding retirement or building a nest-egg. If youre planning to try your hand at trading SafeMoon and becoming an investor, make sure that you:

  • Understand cryptocurrencies
  • Can afford to lose your stake
  • Have done due research on your crypto stock of choice

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You’re Investing Money You Need

All cryptocurrency investments carry risk because there’s so much we don’t know about how this industry will develop. Some may see huge gains, but there’s also the potential for heavy losses. A number of cryptocurrencies will certainly fail altogether — and some believe the bottom could fall out of the whole industry.

If you want to invest in cryptocurrencies, especially risky ones like Safemoon, you need to be comfortable with the possibility you’ll lose everything. So don’t buy Safemoon with money that you’ve earmarked for your emergency fund or you need to pay the rent.

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.

Read Also: Where To Buy Beam Crypto

+ Servers In 80+ Locations

With VPN Unlimited, you get access to hundreds of VPN servers all over the world. You can use them to buy SafeMoon coins in any country, even if your exchange is unavailable there. Moreover, youll get access to any global trading platforms, allowing you to choose ones that offer the best terms and opportunities.

How To Buy Safemoon On Safemoon Wallet Easy

How to BUY SAFEMOON (UPDATED) | Everything YOU NEED To Know about Safe Moon Cryptocurrency

How to buy SafeMoon on SafeMoon wallet directly with BNB easy.

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Hardware Vs Software Crypto Wallets

Both hardware and software wallets store the information that grants access to your crypto assets on the blockchain: your public and private keys.

Hardware wallets are physical items .

Hardware wallets are considered the most secure type of wallet. It is the best choice if you invest large amounts at a time and dont plan to trade regularly.

Software wallets are applications you download onto your computer or mobile device. Software wallets use encryption to protect your crypto assets. Software wallets are also known as hot wallets, while hardware wallets are called cold wallets.

Online platforms are another option, which dont need to be downloaded and can be accessed through an internet browser.

Safemoon Coin Price Prediction

Its difficult to predict what will happen to the SafeMoon price next. On the one hand, the coin is trading at less than 1/10th the value it reached in April. Aggressive believers in SafeMoon could see that as an opportunity to buy at a steep discount.

However, theres no guarantee that SafeMoon will retest its April high. In fact, the coin appears to be losing momentum right now and could be poised for further losses. While SafeMoons selling penalties may buoy the price, those same penalties proved unable to stop the severe crash in April.

More broadly, SafeMoon is up against a number of competitors vying for investors attention right now. The cryptocurrency set out to be an alternative to Bitcoin and Dogecoin, but tokens like Shiba Inu are also trying to fill that niche. Its impossible to know yet which cryptocurrency will emerge victorious, but SafeMoon doesnt appear to have enough of an edge to put it over the top.

Read Also: How To Get Free Cryptocurrency

By Step Guide To Buy Mooncoin

Most users who buy MOON do so with Bitcoin or Ethereum . While you unfortunately cannot buy MOON directly on Coinsquare, you can use Coinsquare to purchase Bitcoin or Ethereum, which can then be used to purchase MOON.

To buy Mooncoin, simply follow these steps:

Sign up on Coinsquare, verifying your account

This is the first step to buying MOON. Verifying your account ensures that we properly connect your funds to your account.

Fund your Coinsquare account using fiat currency such as Euro or Canadian dollar

Funding is like putting gas into a car – it helps you get where you want to go.

Use the fiat currency in your Coinsquare account to purchase Bitcoin or Ethereum

Bitcoin and Ethereum are the two of the most widely-accepted cryptocurrencies, so that should make it easier for you to trade for Mooncoin.

Withdraw your Bitcoin or Ethereum to your private wallet or an altcoin exchange that you can use to purchase MOON

This is the final step of the process to trade fiat currency like dollars for MOON.

You can also use Coinsquare√Ęs Referral Program to earn Bitcoin for referring your friends to Coinsquare. You will be paid in Bitcoin in real time directly to your Coinsquare account, meaning you can use the BTC you earned to transfer to your private wallet or an altcoin exchange that you can use to purchase MOON.

Coins on Coinsquare

How & Where To Buy Safemoon Right Now

Where To Buy Safe Moon Cryptocurrency

Before diving into how and where to buy Safemoon stock, it is important to note that Safemoon is not a real stock. Much like Bitcoin and Ethereum, SafeMoon is a cryptocurrency that seems to get lumped into the wrong asset class.

If youre looking to buy SafeMoon, it isnt as straightforward as logging into your preferred broker of choice and putting in an order for the cryptocurrency. This is mostly due to SafeMoons young age.

SafeMoon is planning on launching its own SafeMoon Exchange but its fundraising objective of securing $1 million is still short of its goals.

For now, our financial experts have identified three ways for investors to securely and safely buy SafeMoon. But our team of experts confirmed that the option of buying SafeMoon on two leading brokers will soon be added.

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How To Keep Safemoon Safe And Secure In Canada

The best way to keep your SafeMoon coin safe is to connect a hardware crypto wallet to your Metamask wallet or Trustwallet.

It is best to connect your wallet to Metamask or Trustwallet before you send BNB to the wallet and trade for SafeMoon. This is because when you connect your hardware wallet, it will create a new account in your Metamask and Trustwallet. Youll want to use this account to deposit your BNB tokens.

Once your hardware wallet is connected, you will need to use the actual device to verify and sign transactions. This will keep your SafeMoon safe from anyone attempting to steal it, because they would need your hardware wallet to move your SafeMoon.

Since SafeMoon is a Binance Smart Chain token, you simply need to add the Binance Smart Chain app to your Ledger Live account.

You can also download SafeMoons own wallet to store your SafeMoon, however, this is a software wallet and it is far safer to keep your SafeMoon on a hardware wallet so it is not connected to the internet.

Buy Bitcoin Or Ethereum At Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

Thats the first step in buying MOONCOIN, once you get your Bitcoin or Ethereum, you can continue to the next step.

Also Check: How To Do Crypto Taxes

You’re Hoping For Short

Safemoon’s price jumped 2,499,900% in the first six weeks after it launched, and those huge gains might seem appealing. Sadly, buying in the hope of a sizable short-term win is usually more akin to gambling than investing. Especially if you’re buying a little known cryptocurrency like Safemoon.

Sure, if you’d bought $1,000 of Safemoon when it first launched, you’d have purchased 1 trillion tokens, which would make you a millionaire today. But given that Safemoon is not listed on any major cryptocurrency exchanges, you may struggle to sell those tokens and realize those gains.

And if you’d bought Safemoon after its April 20 high, the price is much more likely to have fallen. Only a very small number of investors would have been lucky enough to profit from that initial price gain — and many of those probably had some connection to the project. The chances of another dramatic price jump are extremely slim.

Buy Safemoon On Bitmart

How to BUY SAFEMOON (Very Easy) | Everything YOU NEED To Know about Safe Moon Cryptocurrency

Canadians can buy SafeMoon on BitMat using USDT. The process is quite straightforward and works as follows:

Fund your account using a credit card, debit card, bank transfer, or PayPal.

You can also send crypto to the appropriate BitMart account address. Since SafeMoon trades on BitMart as a USDT pair, it makes sense to fund with USDT.

Search for SafeMoon and place your trade.

Canadians can also buy USDT using crypto exchanges like:

And then transfer USDT from these exchanges to BitMart.

Also Check: How To Delete Bitcoin Account

Can I Buy Safemoon With Cash

There is no direct way to buy SAFEMOON with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you cant find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Could Safemoon Rival Dogecoin

The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin.

Dogecoin, founded in 2012 as a joke, has drawn widespread attention from high-profile personalities such as billionaire entrepreneur Elon Musk and rapper Snoop Dogg.

Dogecoin, at the time of writing, has a market price of close to $0.216 according to CoinMarketCap – the result of an 8,325.23% increase in value since the start of 2021.

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Buy Safemoon With Paypal

First, you can buy SafeMoon with PayPal. This is possible at crypto brokers like eToro that accept PayPal for payment. Note that Binance does not accept PayPal at this time.

Until eToro offers SafeMoon trading, you can also buy SafeMoon with PayPal by first buying Bitcoin. You can then transfer your Bitcoin to any cryptocurrency exchange, including Binance, and use it to purchase SafeMoon.

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