The cryptocurrency market gets flooded with various tokens, with hundreds getting- released every day. SafeMoon is one of 16,012 cryptos available for purchase throughout the world as of this writing. With so many tokens constantly issued, distinguishing between memecoins (also known as shitcoins) and cryptos with serious future possibilities has become more challenging.
SafeMoon is a newcomer to the cryptocurrency market, with a high level of volatility, ten percent transaction fees, and a lot of attention on social media. SafeMoon, like other well-known cryptocurrencies like Bitcoin and Ether on the Ethereum blockchain, is based on distributed ledger technology and was launched on the Binance Smart Chain blockchain in March 2021.
1. Compare and contrast cryptocurrency exchanges.
A cryptocurrency exchange is the most convenient way to purchase SafeMoon. When you compare deposit options, you may select one that offers the characteristics you desire, such as minimal costs, the convenience of usage, and 24-hour customer service.
2. Make a user account.
To establish an account on an exchange, you must verify your email address and identity. Make sure you have some picture ID and your phone with you.
3. Make a payment
You can deposit $ using the payment option that best fits you once you’ve authenticated — payments get accepted.
4. Purchase SafeMoon
Your cash can now get exchanged for SafeMoon. It is as simple as inputting the amount you wish to buy and pressing buy on more user-friendly exchanges. You may now withdraw your SafeMoon to your bank account if you choose.
Binance is the world’s largest cryptocurrency exchange. SafeMoon may get purchased through its Trust Wallet App and PancakeSwap exchange.
1. Sign up for a Binance account.
If you don’t already have a Binance account, create one. This step is essential to acquire the Binance Coin (BNB) that will get used to exchanging for SafeMoon.
Binance coin is the Binance ecosystem’s native currency. Binance customers receive a 25% reduction on trade commissions when they pay using BNB.
2. Get the Trust Wallet App.
Binance owns Trust Wallet, a cryptocurrency wallet. It may get used to purchase, hold, and trade various cryptocurrencies and DeFi tokens.
Create a new wallet after installing the program, then remember to write down and save your recovery phrase somewhere secure. To purchase SafeMoon, you must log in to PancakeSwap using the Trust Wallet.
Switch your BNB to a BNB Smart Chain token by sending it to Trust Wallet. Binance Coin may now get purchased straight through the Trust Wallet.
3. Purchase SafeMoon at PancakeSwap
From Trust Wallet, go to PancakeSwap. To activate and connect to PancakeSwap, iPhone users may need to input this link (trust:/browser enable) into Safari.
Binance Coin (BNB) may get exchanged for SafeMoon. Limit your slipping to a maximum of 12%. SafeMoon gets held in the Trust Wallet.
SafeMoon is a high-risk token, and you should never put money into it that you cannot afford to lose. SafeMoon tokens are prone to “pump and dump” operations, which leave unfortunate investors holding the bag. A SafeMoon investment is purely speculative, and you might profit or lose money.