Houston We Have A Problem
The ruse exploiting SafeMoons sudden popularity begins with a message that scammers have sent to a number of users on Discord, where they pose as the official SafeMoon account on the site to promote a new version of the app.
Figure 1. The message impersonating SafeMoon
If you were to click on the URL in the message, you would land on a website that is apparently designed to look the part of SafeMoons official site its old version, to be exact. First reported by a Reddit user in August 2021, the domain name also mimics its legitimate counterpart, except that it adds an extra letter at the end in the hopes that the difference will go unnoticed by most people in their haste to obtain the required update. As of the time of writing, the malicious site is still up and running.
Figure 2. The fake versus the legitimate SafeMoon website, August 2021
Figure 3. The official SafeMoon website, early October 2021
All external links on the site are legitimate, except for the arguably most important one the link that prompts you to download the official SafeMoon app from the Google Play Store. Instead of the SafeMoon app for Android devices, it downloads a payload that includes rather common, off-the-shelf Windows software that can be used both for legitimate and nefarious ends.
Figure 4. The development section of the obfuscated malicious app
A cursory look at the RATs configuration file provides an idea of its extensive functionality.
How And Where To Buy Safemoon Crypto
What’s The Smallest And Largest Amount Of Safemoon I Can Buy
There is no set maximum amount you can spend on buying SAFEMOON tokens. The major determinants would be how much you are willing to spend and the liquidity the crypto exchanges or brokerage platforms offer. Some trading platforms set the minimum limit to be around $5 to $10, depending on the exchange or broker you are using.
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Where Can I Buy Safemoon Cryptocurrency
- Post author
2.Where can i buy safemoon cryptocurrency
No problem. You also have the option to buy SafeMoon with debit card! Visa and Mastercard are currently accepted for payments. Buy SafeMoon with Bank Transfer You can buy Bittorrent Coin with SEPA or SWIFT bank transfer! A maximum of 12,000 USD per business day, with a low flat fee ! Buying Safemoon online is easy! You can buy SAFEMOON via your
3.Where can i buy safemoon cryptocurrency
May 20, 2021 · Step 1: Open an Account with Binance. Binance is one of the best places to buy SafeMoon coin. Head to the Binance website and click Register Now to create a
4.Where can i buy safemoon cryptocurrency
Purchase BNB. Temporary notice: Since Wyre has not yet activated BNB: If you imported your wallet, you can buy BSC on your original wallet and it should show in your Safemoon Wallet. Click on the “Buy” button at the top of the app, and select Smart Chain . Continue through with the purchase. This step is not instant and may take a few …
5.Where can i buy safemoon cryptocurrency
6.Where can i buy safemoon cryptocurrency
Step 1: Register on a crypto exchange. Before trading with SafeMoon, you will have to buy Bitcoin, Ethereum, or another major cryptocurrency. And to do that, you will need an account on a crypto exchange platform that accepts fiat deposits.
Safemoon Crypto Token Price Where To Buy And Symbol
Safemoon cryptocurrency is currently trending as it shoots up in value. For that reason, traders are looking to invest in Safemoon crypto tokens with the hope of seeing a profitable return. So, heres the lowdown on the Safemoon crypto token price, how and where to buy it, plus the ticker symbol.
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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 What Is It And How Does It Work
Before opening an account at a SafeMoon supported cryptocurrency exchange, let us first explain how SafeMoon works.
SafeMoon is classified as a decentralized finance token.
SafeMoon, which operates on the Binance Smart Chain blockchain, launched on March 8, 2021, but took off like a rocket on Twitter and TikTok in mid-April 2021, sparking interest among many cryptocurrency investors.
On April 20, Binance even had to temporarily suspend withdrawals from its platform due to the sudden influx of investors into SafeMoon.
Before buying the trending DeFi token, you should know that SafeMoon penalizes sellers with a 10% commission and redistributes half to other token holders to incentivize buying and holding.
SafeMoon was created to address several issues plaguing cryptocurrencies today, including price volatility and the bad habit of cryptocurrency investors of immediate selling.
Cryptocurrency blogger Lou Bagel says that SafeMoons benefit is that you will continue to make money as new people buy. Still, the downside is that if no one buys SafeMoon, investors will receive little or nothing, and low demand will plummet the price.
According to CoinMarketCap, SafeMoon was trading at around 0.000003 on June 14, 2021.
SafeMoon in April 2021 skyrocketed to an all-time high of $ 0.00014, an increase of nearly 7,000%.
If you had invested $ 1,600 in SafeMoon in March 2021, you would have had a small amount of $ 60,000 in your hand a month later.
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Popular Brand 883 Police To Launch Digital Apparel Nfts In Collaboration With Bling
Unfeeling is the man whose thoughts are unswayed by the torrential floods of the internet. It is the pantheon of invention and bootleg imitations where the latent fascination of the latest fads find root. To try and deny its existence is to be an ostrich, which seeks refuge in denial. While I may have strayed a bit off track, the gargantuan presence of the cryptocurrency deities forces me to do due homage. A moment of silence, and we shall proceed with our guide to befriending the newest kid on the block, how to buy SafeMoon. This is by no means an exhaustive guide about the ins and outs of Crypto trading it is more of a rite of passage to getting your feet wet.
Can Safemoon Reach $1
The SafeMoon coin value may continue to grow due to shortages which tend to encourage the current price in the market to rise. Please note, any investing involves certain risks. Do your own research and invest wisely to obtain the most extensive possible result and conduct the best possible research.
Is Safemoon A Good Investment
Despite the desire to achieve some stability through the fees levied on investors who sell their tokens, there has still been substantial price volatility.
This means that investors could have made both impressive gains and staggering losses, depending on your financial situation.
Investing in cryptocurrency is a bit like gambling so dont invest your entire life savings in this asset class.
Why Buy Safemoon Rather Than Trade
Some prefer to buy the token, while others prefer to trade it. However, buying SAFEMOON and holding it for the long term offers numerous advantages such as
- Access to the physical token: When you purchase SAFEMOON, you are given access to the actual token. The token serves several functions, and you can use it accordingly. You can hold it for long-term profits or use it on the SafeMoon network.
- Long-term investment: By purchasing SAFEMOON tokens, you are doing so at a low price and holding it for a long time to earn profits. Long-term investments usually deliver huge profits compared to trading them, where you only hold them for a few hours or days. By buying and holding, you are less affected by price swings and market fluctuations. The profits from short-term trading don’t match the earnings of long-term investment.
- Token control: Buying SAFEMOON grants you control of the tokens at all times. You can either store the tokens on the crypto trading platforms or in private wallets. Private wallets are better because they offer better security than the exchange wallets.
Before you delve into the process, you have to know that buying and holding SAFEMOON is an investment. This means you need to carry out adequate research on the project before making major decisions. Research is also needed to help you find the best trading platforms to use, the top wallets to store your tokens and the features you require to be successful.
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The Safemoon Protocol Is A Community Focused Fair Launched Defi Token
Three simple functions occur during each trade
- Reflection5% is reflected to all holders for passive income
- LP Acquisition5% is added to a liquidity pool
- BurnA burn wallet receives a portion of the reflections to never be seen again.
Community Focused and fair launch. The dev team burned all of their tokens and participated with everyone else.
Can You Understand And Navigate The Platform
You must understand how to navigate a platform before you register or start trading with them. Crypto brokers run different software, which means each one has its own degree of difficulty. Hence, understanding how to navigate a platform will make it easy for you to trade SAFEMOON tokens and other digital assets. We encourage you to take the time to explore the brokerage software before you choose the best one for you.
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Safemoon Price Prediction Conclusion
In conclusion, our Safemoon forecast has covered what this token is and how it functions. As you can imagine, Safemoons small size combined with the media attention it has received has meant that many retail investors believe it could reach dizzying heights. Although this could be true, the fact that Safemoon doesnt have any real-world uses as of yet could be an issue however, if this changes, we could see some significant moves in the months and years ahead.
So, if youd like to begin trading cryptocurrency today, wed recommend using eToro. Although eToro doesnt currently offer Safemoon, the platform does provide a massive selection of alternative cryptos to invest in. Whats more, all investments are commission-free, meaning you save large amounts of money in the long term.
67% of retail investor accounts lose money when trading CFDs with this provider.
Find And Buy Safemoon Token On Pancakeswap
Go to Pancakeswap.finance. simply click select currency and insert the Safemoon token contract:
You now see a small trade/swap window where you have BNB and Safemoon. You can use the arrow in between these tokens to make them swap places and thus jump between buying and selling Safemoon. Of course you are are here to buy and HODL forever so you dont really need to know how to sell. Just kidding. At some point you wish to buy a Lambo and must therefore get some of the funds.
To buy Safemoon using your BNB simply follow the steps in the image below:
For buying you can use low slippage %, such as 1%, as long as you buy even numbers of Safemoon. This means that instead of buying 1237576123 you buy 1200000000. This way you can buy using a low slippage %.
To sell you must use a higher % slippage.
What is Slippage tolerance you ask?Imagine wanting to buy 10 apples at the market and seeing that the various apple vendors are selling them for $1 each. Thats a $10 cost easy. But what if there was breaking news that apples cure COVID-19 and the price skyrocketed to $100/apple? Now youre out $1,000 for the same 10 apples. When trading crypto, the volatility in asset price can create such a situation where the executed price is different from the quoted and expected price. Slippage is the expected % difference between these quoted and executed prices.
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Who Are The Founders Of Safemoon
John Karony is the CEO at SafeMoon, according to his .
What Makes SafeMoon Unique?
The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that dont have easy access for newcomers to the space.
With SafeMoon, they aim to use the idea of static rewards in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their reflect mechanism adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoons Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoons manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.
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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Etoro Overall Best Crypto Exchange
eToro is our overall favorite cryptocurrency trading platform. The broker doesnt offer SafeMoon just yet, but has plans to add this hot new coin in the coming months. In the meantime, you can get started trading 16 popular cryptocurrencies with eToro, including Bitcoin, Ethereum, Dogecoin, and more.
eToro allows you to buy cryptocurrencies using a wide range of payment methods, including debit and credit cards, bank transfers, and e-wallets like PayPal, Neteller, and Skrill. The platform requires a minimum deposit of just $50 for US traders and spreads start as low as 0.90%.
You also have the option of using CFD trading to buy and sell cryptocurrencies with eToro. This allows you to speculate that the price of a cryptocurrency will fall, as well as enables you to trade on 2:1 margin. You can also trade popular coins like Bitcoin against fiat currencies such as the British pound and Euro in addition to the US dollar.
eToro offers a capable trading platform for the web and through the eToro mobile app. It especially stands out for its social trading network, which allows you to follow other crypto traders and discuss ideas. This is especially helpful for keeping up with crypto news and staying one step ahead of the market. eToro also supports copy trading, so you can mimic the moves of more experienced traders.Past performance is not an indication of future results.
67% of retail investor accounts lose money when trading CFDs with this provider.
The Expert Analysis On Safemoon Provided By Cryptocurrency Experts
Experts have a mixed bag of opinions on this crypto coin. Some experts claim its nothing but a coin that will hold no value in the future. Citing that the ambitious business plan of SafeMoon has too many risky components.
On the other hand, plenty of experts have shown faith in the business idea calling it the next big thing. The SafeMooncoins currently hold good intrinsic value and will continue to rise according to some.
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Safemoon: Long Vs Short Term Investment
Investing in SAFEMOON for the short-term differs from long-term investment. As a short-term investor, you purchase the SAFEMOON token at a low price and hold it for a few days or weeks before selling it at a higher price. On the other hand, as a long-term investor, you buy and hold on to the tokens for months or sometimes years.
Short-term investments offer quick profits, but it has its risks. However, long-term investment has lower risks, but you will need to understand the fundamentals of the project properly. This will help you determine if you should open a long position on the cryptocurrency and you can ignore the short term price fluctuations.
Is Safemoon Crypto Dead
Although Safemoon had got a lot of eyes in the past, it doesnt mean that it was permanent. According to Coingecko, it has a market capitalization of only $924,028,282 as of today that is relatively less than Bitcoin and Ethereum, which are$966,070,983,045 and $411,892,170,621, respectively.
This doesnt mean that Safemoon crypto is dead. However, experts believe that people should avoid putting their finances in cryptocurrency Safemoon. Even now, Safemoon price is not showing any spikes because of people losing their trust in it.
However, with constant updates and the developing world around us, no one knows what might float your boat. So, if you think you should buy Safemoon, you should go for it.
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