TOPIC: How To Buy Safe Moon Crypto USA UK
For those that bought it early, it’s already returned over 20,000% since its debut on March 10th.
Even though it has fallen over 70% from its April high, it continues to attract the interest of crypto speculators on the lookout for the next big thing.
The problematic aspect about buying Safemoon, if you’re interested, is figuring out how to go about it.
Because it’s a new coin, it can’t be found on the most popular cryptocurrency exchanges. However, obtaining Safemoon is simple as long as you know where to look.
Before we begin, a word of caution: Safemoon is a cryptocurrency with a very high level of risk. It’s been dubbed a pump and dump, and the only thing that sets it apart is a 10 percent commission charged on sales.
If you’re interested in giving it a go, think of it as a lottery ticket. Don’t risk a lot of money, and be realistic about the chances of success.
Purchase Binance Coin
The safe moon cannot be bought with real money. Safe moon can’t be purchased with only one coin; you’ll also need another. In this case, it is suggested that you use Binance Coin (BNB).
To purchase Binance Coin using Trust Wallet, follow these steps:
- Tap “Smart Chain” on the home screen to bring up the menu. If it’s not there, look for it by tapping the search button in the app’s upper-right corner. Visit the Binance Coin page in Trust Wallet.
- Select “Purchase” by pressing the “Buy” button.
- To proceed to the payment page, enter the amount you want to spend in US dollars and click “Next.”
- Confirm the purchase by entering your credit card details.
- To complete the transaction, you may be asked to provide further identification.
- If you already have a Binance account, you may buy Binance Coin there.
- After that, you’ll be able to buy Safemoon using your Binance Smart Chain wallet.
Install The Trust Wallet On Your Device
Safe moon’s creator recommends a cryptocurrency wallet program called Trust Wallet for use in purchasing the coin. You may get it through the App Store or Google Play on your smartphone.
Unless you’ve previously used Trust Wallet and have one already,
open it after installation and choose “Create a new wallet.”
Your crypto wallet’s secret keys are encoded in this phrase, which is why it’s so critical.
Even if you lose your wallet, you can still use the recovery phrase to get your bitcoin back.
When you lose your recovery phase, someone else can take all of your Crypto.
Please make a note of your recovery phrase and keep it private.
Safe Moon May Be Exchanged For Binance Coin
Enter the amount of Binance Coin you want to exchange on Pancake Swap.
If you wish to exchange all of your Binance Coins at once, choose “Max.”
Choose the cryptocurrency you’d want to receive by clicking “Select a currency” on the left.
Search for “Safemoon” and click on it when it comes to the search results.
A rough estimate of how much Safemoon you’ll get through Pancake Swap is shown.
Click on “Swap” to complete the transaction.
Note that if the transaction does not process, you may have to modify the slippage tolerance.
Whenever the price of a cryptocurrency fluctuates between when you make your transaction and when it executes, this is referred to as “slipping.”
The transaction may fail if the tolerance for slippage is too low.
The creators of Safemoon recommend a 12 percent slippage tolerance.
Pancake Swap’s settings icon allows you to make changes.
Pay A Visit To The Pancake Swap
Among the numerous cryptocurrencies, you may trade on Pancake Swap are Binance Coin and Safemoon.
Trust Wallet’s bottom menu has a “DApps” option; click on it.
If you’re using an iPhone, this is the “Browser” option.
Select Pancake Swap from the menu that appears once you’ve scrolled down to it.
You’ll be redirected to the Pancake Swap exchange when you click this, where you may swap one cryptocurrency for another.
With the Binance Smart Chain wallet, the procedure is a little different.
Pancake Swap’s “Trade” and “Exchange” buttons will take you to the identical exchange page as described before.
A second step is to link wallet let, which you can accomplish by clicking “Connect” in the page’s upper-right corner.
Where Can I Buy Safemoon Crypto?
App Store, Google Play, or Android users: Trust Wallet is now available for free download.
Use the Trust Wallet app’s DApp tab to discover PancakeSwap and other decentralized apps.
Can You Buy Safemoon On Coinbase?
SafeMoon isn’t available for purchase on Coinbase. Also, Dogecoin, VET, and DOT, which are gaining popularity in the cryptocurrency world, are not Coinbase.
Another thing to consider is that buying SafeMoon on other exchanges is a complicated procedure.
To begin, you’ll want to get a BNB (Binance coin). Afterward, you’ll have to change it into a Smart Chain to use SafeMoon’s marketplace.
SafeMoon tokens may be purchased on the most popular exchange, PancakeSwap.
Is Safemoon Worth Buying
SafeMoon is a relatively new cryptocurrency. With so many unknowns, it is impossible to tell whether this is a wise investment right now.
Despite SafeMoons’ efforts to reduce volatility, the Defi token’s price continues to fluctuate significantly.
SafeMoon, for example, had a whopping 19078% increase in a single month.
In other words, it ranges from 0.0000003 to 0.0000003.
The investment of $7,000 in the middle of March would result in a profit of almost $1 million in a month! That’s a respectable sum for a brand-new cryptocurrency.
That said, here’s how it works. You’d need to be very fortunate or extremely well-timed to pull this off.
Most intriguingly, the price dropped precipitously in a matter of days, raising doubts about SafeMoon’s capacity to control volatility.
This means that for the time being, you should proceed with caution if you are considering investing in SafeMoon.
Concerns have also been raised about SafeMoon’s 10 percent penalty charge structure, which some belief is akin to Ponzi scheme practices.
Early investors in a Ponzi scheme earn a lot of money from others that join later on, and so on.
However, a coin’s lack of actual use does not automatically imply a poor investment.
For example, Dogecoin, which recently soared in value despite having little help, has earned several investors millions of dollars.
This is because the majority of inexperienced investors are unconcerned about value. People will be ready to invest millions in SafeMoon as long as its prices soar and ROI soars.
What are your options now?
Thread the needle with care. As a start-up, SafeMoon is rife with speculative potential and has only just begun. We can’t determine whether it has future growth potential just yet.
As a result, the lunar-inspired Defi token is hazardous and may go down in flames just as fast as it rose to prominence.
How Do I Get Safemoon With Binance?
Install a cryptocurrency wallet on your computer. According to the creators of Safemoon, the wallet let is Trust Wallet.
Invest in Binance Coin by purchasing it.
Use Binance Coin to make a transaction and Safemoon to get the cryptocurrency in return.
Conclusion of How To Buy Safe Moon Crypto USA UK
A whitepaper published by SafeMoon explains their goals, with the most compelling one being a desire to eliminate volatility.
However, some legitimate worries remain, such as what would happen to the liquidity pool if the company is NOT legitimate.
But despite its youth, SafeMoon has the potential to be a significant player.
While you’re waiting, please do some research and assess whether or not it’s worthwhile to purchase.
Here we concluded our topic How To Buy Safe Moon Crypto USA UK
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