Wednesday, June 29, 2022

Where Can You Buy Safemoon Crypto

How To Use Trustwallet To Buy Safemoon

how to buy SAFEMOON in under 1 minute (super easy safemoon crypto tutorial)

After activating your Pancakeswap account, create a Binance Smart Chain-compatible software portfolio account. The Trust Wallet app can be downloaded from the Play Store. The application works on both mobile and desktop versions without any problems. After installation, choose Create a new portfolio if this is your first time using the application.

Trust Wallet will provide a key phrase recovery that should be kept carefully. The recovery key can help you recover your cryptocurrency if you lose access to your wallet. Needless to say, you should not disclose the key to any third party source.

Purchase of Binance:

  • Use Binance Coin to make your initial crypto purchase
  • Select Smart String on the Home screen. It can be included in the list section
  • Go to the Binance Coin page
  • Select Buy
  • Enter the amount in the preferred currency * of your choice
  • Enter your payment information and verify your purchase by confirming your identity
    • * There are restrictions in some Indian banks when buying crypto. I recommend trying a MasterCard or Visa affiliated with an international bank like HDFC or Kotak.

    Safemoon Price Live Data

    The live SafeMoon price today is $0.000002 USD with a 24-hour trading volume of $4,055,451 USD.We update our SAFEMOON to USD price in real-time.SafeMoon is up 8.30% in the last 24 hours.The current CoinMarketCap ranking is #212, with a live market cap of $879,644,649 USD.It has a circulating supply of 585,536,366,402,812 SAFEMOON coinsand the max. supply is not available.

    If you would like to know where to buy SafeMoon, the top exchanges for trading in SafeMoon are currently ZBG,,Bitrue,LBank, andBitMart.You can find others listed on our crypto exchanges page.

    Is Safemoon A Long

    SafeMoon garnered much criticism from financial enthusiasts, giving it the designation of a meme coin. Also, with DOGE and SHIBA INU already taking care of much of the market frenzy, only time will tell if SafeMoon will land on the moon or fall among the stars .

    Investing in Safemoon proved to be extremely profitable for early investors. But a lot of price volatility has been observed lately. Its history of frequent ups and downs shows more of a betting investment. While cryptocurrencies like the popular DOGE and SafeMoon can help you recover losses quickly, they are not called viable investments for a longer duration. It is not advisable at this time to spend all your life savings on this asset.

    The future is good if it is believed that WalletInvestor predicts that the price of Safemoon will rise to $ 0.000051 in one year and up to $ 0.000237 in five years. Digital Coin reflects similar sentiment, placing Safemoons price forecast at $ 0.00000870 in one year and $ 0.00001690 in five.

    It may sound snarky, but when people can seriously invest in a meme-powered cryptocurrency like Dogecoin, having a well-thought-out Safemoon doesnt do well.

    Read Also: What Crypto Is On Robinhood

    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.

    It Doesn’t Have A Real

    5 Ways You Can Buy the SafeMoon Crypto  TecTalk

    Many crypto enthusiasts are skeptical about Safemoon because it doesn’t have any use cases or advantages over other cryptocurrencies.

    Safemoon has gotten by on popularity so far, but that’s not a recipe for long-term success. The cryptocurrencies that stick around are the ones that have a specific purpose or have a competitive advantage.

    Recommended Reading: How To Get Bitcoin Mining Software

    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

    Community Focused and fair launch. The dev team burned all of their tokens and participated with everyone else.

    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.

    Also Check: Where Is Crypto Com Based

    Is Safemoon A Good Investment

    Getting in early in any cryptocurrency can be an appealing way to get rich quickly. However, most small cryptocurrencies dont end up pumping like DOGE or SafeMoon, so your money may be better put to use in more established, large cryptocurrencies. With Bitcoin up over 500% in the past year and Ethereum up more than 1,000%, these returns are nothing to scoff at.

    Is SafeMoon a scam?

    While SafeMoon isnt directly scamming investors, it clearly resembles a pyramid scheme. Pyramid schemes accrue value from additional investors buying in, and without this SafeMoon would fail. Plus, those at the top of the pyramid scheme make much more than those who buy in late. Investors with large amounts of SafeMoon reap huge daily rewards which they can sell on the market to lock in their profits.

    Why do I get an error on PancakeSwap?

    There are plenty of reasons you got an error on PancakeSwap, but the most common error when investing in SafeMoon is that your slippage tolerance is too low. Since the token taxes investors when they buy, sell or transact SafeMoon tokens, youll need to increase your slippage tolerance to 10% or more to successfully swap your tokens on PancakeSwap.

    Recommended lecture:

    What Is Safemoon Coin


    SafeMoon is a relatively new cryptocurrency that shares a lot in common with Bitcoin. Its designed to facilitate secure global payments over a decentralized blockchain network.

    The difference between SafeMoon and other cryptocurrencies is that it doesnt want to just take investors to the moon a phrase popularized by Elon Musk to describe tokens like Dogeocin. SafeMoons goal is to get there safely.

    To that end, SafeMoon has taken several steps to reduce its volatility. The coins founders openly discourage day trading. In addition, SafeMoon crypto automatically charges a 10% fee when selling the token to make it more painful to sell. Half of these fees are distributed to existing coin holders, so they effectively receive a dividend as a reward for continuing to hold onto SafeMoon.

    SafeMoon also uses manual burns, meaning that the coins leadership team decides when to remove coins from circulation instead of making this process automatic. That gives them more control over the SafeMoon price as the coin gains popularity.

    Also Check: How To Launch Crypto Coin

    How To Buy Safemoon Crypto

    If you already have a wallet on the Binance Smart Chain, getting Safemoon is as simple as exchanging it for any other token in your wallet on a decentralized exchange such as PancakeSwap.

    If you dont currently have a wallet, you can download the MetaMask or Trust Wallet browser extensions to get started. These browser extensions give you password-protected access and control over all your tokens.

    You can also buy crypto directly in the wallet app using fiat currency. Just follow these simple steps for how to buy Safemoon:

  • Create Wallet this step is simple in both MetaMask and TrustWallet. Make sure you get a wallet address for the Binance Smart Chain. This address is very important.
  • Add funds to your wallet you can do this in one of two ways. Either buy Binance tokens in-wallet, then swap them for Safemoon on a DEX such as PancakeSwap or buy Safemoon directly on a centralized exchange, then transfer it to your wallet.
  • The two ways of adding funds achieve the same result. Which you choose depends on your preference between centralized exchanges and decentralized finance . Many people prefer increased control over the transaction that is possible with Defi. You may prefer the customer service of a centralized exchange.

    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.

    Don’t Miss: How Do Crypto Futures Work

    Platforms To Buy Safemoon From

    Not only it is essential to gain information on how to buy SafeMoon, but it is also substantial for you to know about the various platforms from where you can purchase them:

    • You can purchase it from one of two available profound cryptocurrencies: Binance or bowscoin.
    • Another way is by downloading the Trust wallet App- it is available on iOS, Android, and Google Play.
    • With the help of PancakeSwap, you can exchange Binance or bowscoin for safe moon tokens, and once exchanged you will be instantly able to see them in your Trust wallet.

    Also Read: How to Make Money with Bitcoin

    Buy Safemoon With Paypal

    17+ Buy Safemoon Crypto App

    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.

    Recommended Reading: How Does Blockchain Wallet Work

    How To Buy Safemoon On Binance Smart Chain

    Other options like Coinbase do not actively support SafeMoon. Even so, other alternatives do exist. Using Binance Smart Chain to procure SafeMoon is a recommended choice.

    Steps to buy Safemoon on Binance using Binance Smart Chain Wallet:

  • After reaching the Pancake Swap Exchange, select Trade and choose Exchange
  • Youll have to connect your wallet beforehand. A notification confirming your exchange will appear.
  • Connect your wallet by selecting the Connect option on the bottom of the webpage
  • Exchange your Binance coins for SafeMoon by entering your preferred amount
  • You can give a try using other options as well, regardless, the transaction may be a little smoother if you went for the Binance route .

    What Is Safemoon Currency

    SafeMoon was launched on March 10, 2021 as a cryptocurrency witness under the Binance Smart Chain blockchain. It was rightly dubbed the worlds fastest growing cryptocurrency when it rewarded early investors with returns in excess of 20,000%. A later release of the SafeMoon portfolio app was also scheduled for September this year with beta testing done in mid-June.

    You May Like: How To Withdraw Bitcoin From Coinbase

    Go To The Pancake Swap Exchange

    Pancake Swap is an exchange that lets you trade many different cryptocurrencies, including Binance Coin and Safemoon. Select “DApps” from the bottom menu of Trust Wallet. Note that if you have an iPhone, this option is labeled “Browser.” Scroll down until you find Pancake Swap and select it. This takes you to Pancake Swap’s exchange page, where you can trade one crypto for another.

    The process is different if you’re using the Binance Smart Chain wallet. Go to Pancake Swap, click “Trade,” and then click “Exchange” to reach that same exchange page. You’ll also need to connect your wallet, which you can do using the “Connect” button in the corner of the page.

    Trade Bsc For Safemoon

    How to Buy SafeMoon on Trust Wallet: Quick & Easy Crypto Tutorial!

    Now that you have made the transaction, your Trust wallet has BSC. All you have to do now is swap this BSC for Safemoon.

    • On the top-right corner, you can connect your wallet
    • On the adjust control symbol, set the slippage to about 12%
    • Enter the BSC amount for swapping and tap âSwapâ
    • After the successful transaction, youâll have Safemoon on your Trust wallet

    Don’t Miss: Is Cryptocurrency Legal In Usa

    Brief History Of Safemoon

    SafeMoon has only been trading for about 3 months, and its appreciated more than the S& P 500 over the last decade. The token began trading in March for $0.000000001 before skyrocketing to an all-time high of over $0.000013. To put these gains in perspective, an investor who bought $10 of SafeMoon tokens at $0.000000001 would have had $13,000 at SafeMoons peak.

    Since its top, SafeMoon has dropped over 60% to $0.0000045. Given how much SafeMoon has appreciated, this may actually be a bullish sign. In the past week, SafeMoon has only fluctuated about 10% either way, so some crypto traders are expecting the token to break this trend soon.

    Although SafeMoon has a relatively small market capitalization, the token price is a bit misleading. Theres a current max supply of over 585 trillion tokens, so there are far more coins in supply than other cryptocurrencies like Bitcoin and Ethereum . With so many tokens in circulation, its essentially impossible for SafeMoon to ever reach $1, like some investors suggest. To reach this price target, SafeMoon would need a market capitalization about 600 times the size of Bitcoins.

    Some investors have calculated that it would take more than all the money in the United States to bring SafeMoon anywhere close to $1 per token.

    How To Buy Safemoon Crypto Where Its Unavailable

    As mentioned above, to buy SafeMoon crypto stock, one needs a wallet on a crypto exchange that has this coin, such as Binance. This will pose a problem if you are located in a region where the crypto exchange is unavailable. We have a separate guide on how to unlock Binance if thats the case. But in short, you will need a VPN to access such a crypto exchange.

    where your exchange is available

    Also Check: How To Pay For Something In Bitcoin

    What Is Safemoon Crypto

    Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forumsgoing to the moon. This expression refers to the price of a crypto asset rising very high over a very short period.

    The most fundamental thing you need to understand about Safemoon is that it is not a crypto coin. It is a token that operates on the Binance Smart Chain . In crypto jargon, a coin is a cryptocurrency that operates on its own blockchain. It is not the same as a token.

    Bitcoin operates on its own blockchain, and so does Ether. The Binance Smart Chain is a separate blockchain that inherits many software features and protocols from the Ethereum network. One feature of the Ethereum network is the ability to host software programs .

    Smart contracts can create and control a supply of digital tokens. they are written for a specific chain with compatible protocols. This is similar to how versions of smartphone apps are written for specific operating systems. You cannot install an iOS app on an Android phone.

    Safemoon is one such smart contract-based token. It does not have its own blockchain its supply is managed by a smart contract on Binances in-house blockchain.

    First launched in March of 2021, Safemoon began to surge in price about a month later, thanks to effective marketing by the founding team.

    The 5 Biggest Mistakes You Can Make When Buying Safemoon

    Safely To The Moon Crypto Stock Price

    by Emma Newbery | Published on Aug. 17, 2021

    Many or all of the products here are from our partners. We may earn a commission from offers on this page. Its how we make money. But our editorial integrity ensures our experts opinions arent influenced by compensation. Terms may apply to offers listed on this page.

    Tempted to buy Safemoon? Read this first.

    Safemoon has attracted its fair share of headlines and dollars since its launch in March. But is it worth your time? If any of these five things apply to you, proceed with caution before you buy Safemoon.

    Don’t Miss: Where Can I Buy Safemoon Crypto

    Popular news
    Related news