Our step-by-step guide on how to buy SafeMoon (SAFEMOON)
The decentralized finance token SafeMoon aims to carry out a range of complex transactions without involving a financial intermediary such as a bank. When SafeMoon executes a trade, it performs three functions: Reflection, LP Acquisition, and Burn.
Combined with RFI Tokenomics, the SafeMoon Protocol generates liquidity auto-matically. It is possible to buy SafeMoon coins by trading established cryptocurrencies like Bitcoin or Ethereum for SafeMoon at an altcoin exchange using fiat money.
To know more ways, follow this descriptive guide on how to buy SafeMoon Coin in just four easy steps.
How to buy SafeMoon (SAFEMOON) Coin in four easy steps
SafeMoon is a decentralized finance (DeFi) token, and it cannot be purchased directly. There needs to be proper trade generated to buy one, so you need to follow the below steps carefully.
Step 1 – Setting up your crypto wallet
Step 2 – Purchase tokens in the wallet
Step 3 – Swapping Tokens with SAFEMOON
Step 4: Storing and trading of SafeMoon
Step 1 – Setting up your crypto wallet
The first thing that comes into play is making an account in the SafeMoon wallet (recommended) or any other crypto wallet of your choice. All you need is your identification documents and address proofs. Once the account is created, it is important to note down the recovery phrase and codes required and keep them securely.
Step 2 – Purchase tokens in the wallet
If you are using SafeMoon Wallet, then there is an option/feature known as “Moonpay” (MoonPay is a financial technology company that builds payments infrastructure for crypto). Through Moonpay, buy/add BNB (Binance Coin) or any other crypto token like bitcoin in your wallet. It’s up to you how much amount you are willing to invest in SafeMoon and based on that purchase BNB.
Step 3 – Swapping Tokens with SAFEMOON
SafeMoon Wallet helps the user to swap tokens, so all you need to do is go to the swapping window, select the SafeMoon token and swap it with BNB or the crypto that you have bought. This might take some time, but it would add SafeMoon Crypto to your wallet.
Step 4: Storing and trading of SafeMoon
It is important that the wallet you are using is secure. If you are not using the SafeMoon wallet, then use a wallet which is trusted and has good security features. To trade SafeMoon Token, you need to choose decentralized exchanges (DEXs) on the Binance Smart Chain, like BiSwap or SafeMoon, based on your requirements.
Also read: SafeMoon Price Prediction
Popular video guides on buying SafeMoon (SAFEMOON)
Where to buy SafeMoon (SAFEMOON)
Also read: Check SafeMoon Prices Live
The SafeMoon Wallet is a product created by the SafeMoon team that serves as the initial stage in the development of the SafeMoon EcoSystem. SafeMoon Swap is the wallet in which you can buy SAFEMOON tokens in the easiest way. You can easily buy BNB tokens here and swap them for SAFEMOON on the same platform without using any third party.
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2021 |
| Weekly Average Transaction Volume | $1.19B (As of 10/03/2023) |
| Deposit Methods | Crypto Tokens |
| Deposit Fees | Nil |
| Cryptos Listed | Only SAFEMOON token |
| Trading Fees | 2%Transaction Fee -Transfers between Wallets and 10% Buy /Sell Fee - Swaps between paired token |
| Fiat Currencies Supported | Does not support Fiat currency |
| Trustworthiness | Safe |
For trading SAFEMOON, the best exchange, one should select is pancake swap. It would help in swapping BNB or Bitcoin tokens easily and can be a good secure alternative. It is easier for users to swap and transfer the cryptos to their personal wallets.
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2020 |
| Weekly Average Transaction Volume | $1.19B (As of 10/03/2023) |
| Deposit Methods | Cryptocurrency deposits that are supported by BSC |
| Deposit Fees | Variable |
| Cryptos Listed | 1500+ |
| Trading Fees | 0.2% |
| Fiat Currencies Supported | Not Supported |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy SafeMoon Coins with a credit or debit card?
Not all cryptocurrency exchanges allow you to buy SAFEMOON using a debit card or credit card. But the best platforms are mentioned above SafeMoon, and Pancake Swap. These platforms allow users to purchase BNB tokens on a credit or debit card and swap them easily with SAFEMOON.
What will you need to buy SafeMoon Coin?
All you need are five basic things to buy SAFEMOON tokens. First is the need to set up a cryptocurrency wallet. Next is to buy BNB tokens into that wallet. Go to the Wallet swap feature on the crypto wallet you are using and swap it with the amount of SAFEMOON you are willing to invest.
What is the easiest way to buy SafeMoon Coin?
It is totally your own preference on how you buy SafeMoon, but still, the easiest method is to buy BNB tokens on Safemoon wallet and then swap them for SAFEMOON tokens so that you can trade and store them according to your will.
Best wallets to store your SafeMoon Coin
Other than SafeMoon, the best thing one should use is “Cold” hardware wallets, which are offered by Cryptowallet.com. Also, other than Pancakeswap and Safemoon itself, MetaMasK is another popular wallet which could be used. As SAFEMOON is based on the BEP-20 token on the Binance Smart Chain (BNB), any wallet supporting it could be used, but the ones mentioned are the safest and best to use.
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