Looking for ways on how to buy safemoon? You have come to the right place. In this article, we will discuss Safemoon and ways to invest in it.
SafeMoon token entered the Crypto market in mid-2021 and rushed to attract the attention of investors. Talk about SafeMoon’s high volatility and swiftly rising market value may have caught your attention if day trading is something you’re interested in.
The token entered the Defi market to upend the decentralised industry, which is already renowned for its unpredictability. SafeMoon is touted to be a brand-new progressive altcoin and is comparable to DOGE. Despite this, many investors are still unaware of how to buy SafeMoon Token.
So, if you are fond of investing in new and emerging crypto tokens, the SafeMooon token can be a great option for you. Are you wondering about investing in a SafeMoon token? Want to learn about How to Buy SafeMoon Token? Continue reading this article till the end.
What Is SafeMoon Token?
SafeMoon Token is a member of meme coins that was launched in March 2021. These meme coins are a group of Crypto coins or tokens based on Internet memes. In addition, it is not a coin but a BEP-20 token that was developed on the Binance Smart Chain network.
The token was launched with a price of $0.0000000010 and a maximum supply of 777 trillion. According to the company, the token protocol has three processes during each trade: Reflection, LP Acquisition, and Burn.
The token is a combination of RFI tokenomics and an auto-liquidity-producing mechanism. A non-fungible token (NFT) exchange, as well as charitable endeavours and crypto-educational apps, are among the initiatives SafeMoon intends to create.
A coin launchpad and NFT marketplace will be added to SafeMooon Protocol, enabling users to generate their own cryptocurrencies using the system.
Understanding the Binance Smart Chain Blockchain
Both Bitcoin and Ethereum operate on their own blockchains. The Binance Smart Chain is an independent blockchain that draws heavily on the Ethereum network’s protocols and software features.
One characteristic of the BSC and the Ethereum network is the capacity to host software applications (called smart contracts). These smart contracts create and manage the supply of digital tokens.
They are designed to work with a certain chain that has similar protocols. One such coin based on smart contracts is Safemoon. It does not have its own blockchain; rather, a smart contract on Binance’s internal blockchain controls its supply.
Features of SafeMoon Token:
A few distinctive aspects of SafeMoon have received both acclaim and disapproval. For instance, the token’s smart contract levies a 10% exit cost on holders who decide to sell.
Half of the fees are burned, while the remaining token holders receive the other half of this charge, which is divided equally between them, raising the value of their holdings over time.
The ownership structure of the token’s current quantity is another aspect of the token that has drawn heavy criticism. The founding team owns a significant chunk of the token’s total liquidity.
Although these funds are under a “lock-up,” such ownership concentration in the crypto realm frequently raises major concerns. Other criticism of the founding team stems from several Safemoon’ ecosystem’ innovations that have so far fallen short of expectations.
How To Buy SafeMoon Token?
Now that you have understood What is SafeMoon? It’s time to understand How to buy SafeMoon Token? The best way to buy SafeMoon Token is through a decentralised exchange (DEX) like PancakeSwap.
Additionally, if you already have a wallet on the Binance Smart Chain, you can buy this token by swapping it for any other coin in your wallet.
To begin purchasing the token, download the MetaMask or Trust Wallet browser extensions. These extensions give you password-protected access and management of all your tokens.
Here are the simple steps for how to buy Safemoon:
- Create A Wallet: Through MetaMask or Trust Wallet, create a Binance Smart Chain wallet address.
- Buy Binance Tokens: On a decentralised exchange like Safemoon Swap or PancakeSwap, purchase Binance tokens (BNB).
- Swap for the Token: After buying the BNB tokens, you can swap them for SafeMoon tokens.
Where To Buy SafeMoon Token?
Safemoon is a token on the Binance Smart Chain rather than a coin on its blockchain. This fact makes it quite simple to buy Safemoon.
If you’re interested in knowing where to buy SafeMoon, take a look at our top picks:
Binance
Can I buy SafeMoon on Binance? The answer is yes. If you’re wondering how to buy SafeMoon on Binance, the process is rather simple. The token was developed on the Binance Smart Chain as the BEP-20 standard.
It’s vital to remember that to buy SafeMoon on Binance; you must first buy some BNB tokens on the exchange. However, you may save 25% on Binance fees by paying with BNB tokens; thus, owning the BNB token offers advantages as well.
Coinbase
Next on this list is Coinbase, one of the finest cryptocurrency exchanges for beginners. Additionally, Coinbase and its cryptocurrency wallet, known as Coinbase Wallet, support hundreds of other cryptocurrencies.
Although the token is not yet supported on the Coinbase platform, you may still purchase it by following the same procedure you would use to purchase it through Binance. You can buy bitcoin using the Coinbase wallet and afterwards swap it for SafeMoon.
Crypto.com
One of the best cryptocurrency exchanges to buy SafeMoon is Crypto.com, established in 2013. The exchange has a strong marketing and development staff to support its quick expansion. Crypto.com offers a DeFi wallet in addition to storing, purchasing, and holding cryptocurrencies through the app.
Users can buy SafeMoon through the platform, even if it is not now supported on the platform. Due to this, if you wanted to buy SafeMoon through Crypto.com, you could first purchase ADA to keep in your crypto.com wallet before converting the ADA to this token.
InvestBy
InvestBy is an all-in-one trading platform that allows you to buy and sell a variety of assets, including cryptocurrencies, stocks, Forex and commodities, without paying any commission costs.
You can buy Bitcoins on InvestBy and then send them to your Crypto wallet. Then, you will be able to exchange your cryptocurrency—such as Bitcoin—for Binance Coin. After that, You can use the SafeMoon swap to convert your BNB into SFM for a small fee.
Fee Comparison:
| Binance | Coinbase | Crypto.com | InvestBy | |
| Fees & Commission | Starts from 0.1% | 1.49% standard commission | 0.04% maker and taker fees | Zero |
| Inactivity Fees | Zero | Zero | N/A | N/A |
| Withdrawal Fees | 0.80 EUR (SEPA bank transfer) | 2% debit card withdrawal fee | According to the currency withdrawn. | Zero |
Is SafeMoon A Good Investment?
The answer mostly relies on the specific purpose for which you wish to buy SafeMoon. It can be a profitable investment enabling investors to get a good return — or significant losses. Investing in such a cryptocurrency requires knowledge, experience, attention, patience, and time.
However, the token is still in its infancy, so it could be wise to invest now to take advantage of potential development in the future. Conversely, SafeMoon can be a more challenging investment if you’re a short-term trader looking for instant value because of the expenses it involves.
Given the project’s relative infancy, volatility is still a possibility, but these 10% fees should be taken into account before committing. Whatever the reason you want to invest in this crypto token, take a look at some of the most current price predictions below to get a sense of the trends that could influence your decision.
SafeMoon Price Predictions:
Take a closer look at SafeMoon’s price predictions:
SafeMoon Price Prediction 2023:
According to a review of the past price trends, it is predicted that in 2023, the token would have a minimum price of $0.00000017. However, the price might go as high as $0.00000020. In 2023, the trade price might be $0.00000018 on average.
SafeMoon Price Prediction 2024:
According to a technical study of the current prices conducted by cryptocurrency specialists, the price of the token is likely to reach the minimum and highest prices of about $0.00000026 and $0.00000030 in 2024.
SafeMoon Price Prediction 2025:
Cryptocurrency professionals have researched the values of token and their changes over the last years. The minimum price is predicted to fall to $0.00000037 in 2025, while its highest price might reach $0.00000045. The cost of trading will typically be $0.00000038.
SafeMoon Price Prediction 2030:
Crypto specialists are ready to provide their price predictions for 2030. The token will trade with a minimum trading price of $0.00000250 and a potential peak price of $0.00000307. The prices should thus be around $0.00000258 in 2030. More news
Conclusion
We hope you enjoyed this blog post about how to buy Safemoon tokens. We have also discussed the best places to buy this token, along with its future price predictions.
In the end, we would say the token is likely to appreciate in value in the years to come. Additionally, the token is still in its infancy, so it could be wise to invest now to take advantage of potential development in the future.
FAQs
What Is SafeMoon?
It is a crypto token established under the Binance Smart Chain (BSC) standard.
Who Owns SafeMoon?
The CEO and originator of the token is John Karony, a former analyst for the US Department of Defense.
What is SafeMoon’s Market Capitalization?
As of the time of writing, the token’s market valuation was $2,684,801.75.
Is SafeMoon A Long-term Investment?
It is one of the newest crypto assets; despite this, it has shown significant price growth, emerging as a great long-term investment.
Can SafeMoon Reach $1?
The value of the token may continue to grow due to shortages which tend to encourage the current price in the market to rise.
How to Buy SafeMoon?
The token is not available on every crypto exchange. So you’ll first need to buy a BNB token and then swap it to buy SafeMoon.
Is A Crypto Wallet Needed to Purchase SafeMoon?
To purchase the token, you will need a crypto wallet, as you will be exchanging the crypto for the token.
Where can i buy safemoon token?
You can buy safemoon on various major crypto exchanges like Binance. You need to set up crypto wallet first. Then you can safemoon to your wallet.
How to buy safemoon on trust wallet?
First, you need to download the trust wallet. Then create a new wallet. Accept the terms ans services and add safemoon to your wallet.
How to buy safemoon crypto?
Open your crypto wallet through your exchange and search safemoon out of various tokens and select the buy option, make the payment, and add the token to your wallet.
How to sell safemoon on trust wallet?
After opening your trust wallet, visit the safemoon and go to sell option and your order will be executed in few seconds.
How to mine safemoon?
First set up your crypto wallet and get your public wallet to receive funds for the blockchain protocol of safemoon. Download the legit miner online and start mining safemoon.
How to convert safemoon to USD?
As you sell safemoon by visiting your trust wallet, your safemoon token(s) will be converted to USD.
How to add safemoon to trust wallet?
Go to your trust wallet by clicking your favourable trading platform, and search safemoon and click the buy option. Then execute the final step of depositing the funds and add safemoon to your wallet.
