Here we go again with another future and overhyped coin called SafeMoon (SAFEMOON). Many people were talking about SafeMoon and how to buy it, so here I bring you the safest ways to buy SafeMoon or exchange your coins into SafeMoon.
SafeMoon is a very new and highly volatile coin, so make sure to do your own research before buying SafeMoon. But one thing you should know is that it is very cheap, so you have to wait years to get a profit. If you are a panic seller or not a good holder, then this coin is not for you.
Alright, first, let’s find out where you can buy SafeMoon.
According to the website, SafeMoon is a decentralized finance (Defi) token. SafeMoon has three functions that take place during each trade: reflection, LP acquisition, and burning. And that’s it. There’s nothing on the website except the member introduction, and the roadmap is currently being revised and will be back soon.
Status of SafeMoon.
If we talk about the popularity or social status of SafeMoon, it’s very strong, especially on Reddit and Twitter, with more than 2 million total holders since it launched in March 2021. The highest price was $0.00001399 on April 20, 2021, and the lowest price was $0.00000149 (three months ago). And it is also on the 1.5 million-watch list on CoinMarketCap.
Where can I buy SafeMoon?
Buy SafeMoon on Gate.io.
If you like a centralized and simple place to buy SafeMoon, then go to Gate.io, where you can exchange your USDT for SafeMoon coins with a minimum $0.5 order.
On Gate.io, you don’t need any kind of KYC to buy SafeMoon, but it is necessary to complete your KYC for extra security.
To start with Gate.io, go to the website or download the app, then create an account by entering your email and password. After a complete set of security measures, your account is ready to use now. Go to My Balance, find USDT, click Deposit Address, and then deposit only USDT coins at the address. You can also deposit other coins, but you will need to exchange them for USDT first.
Now that you are ready to get SafeMoon, go to Trade (Spot Trading), search for SafeMoon, click on it to find the best low price, and place your order by clicking on Buy SafeMoon. As soon as you price match, your coin will arrive in your account.
In case you don’t have any coins or don’t want to sell them, you can simply buy USDT on Gate.io with your credit card or bank account.
If you are from India, then this is heaven for you to buy and sell SafeMoon with a minimum of ₹100 with your UPI and bank transfer.
BitBNS is purely centralized, so without strong KYC, you cannot buy and sell any coin, not even SafeMoon. KYC is all you need if you want to buy and sell SafeMoon with INR. Without KYC, you can still use BitBNS for withdrawals, deposits, and crypto exchanges.
To start with BitBNS, download a mobile wallet and then create an account by entering your email and password. After creating an account, go to setting up a complete KYC by uploading a national ID, a PAN card, and a photo. Within 24 hours, your KYC will be verified, and after verifying your bank account details, your account will be ready to use. You can now deposit a minimum of ₹100 with the linked account via bank account or UPI.
To buy SafeMoon, go to the market, find SafeMoon, and place your order. Remember, on BitBNS, only the INR/SafeMoon pair is available.
Another place to buy SafeMoon with a USDT pair. HotBit is the oldest and one of the most popular crypto exchange websites among users.
To exchange into SafeMoon, you need an account that can be created by entering an email and password; it doesn’t need KYC, but you must do it for extra security. The bad thing about HotBit is that it has a hacking history, so make sure you trust this website.
If you are aware of online theft or scams and brilliant at keeping secrets, then decentralized exchanges such as Uniswap, PancakeSwap, and 1inch could be a better place for you.
But the bad thing about decentralized exchange is that it costs an outrageous amount of money to buy and sell SafeMoon or any coins.
To buy SafeMoon, make sure you have WBNB, WETH, or BUSD coins in your decentralized supporting wallet, such as Trust or MetaMask. Now go to exchange, choose the pair with SafeMoon, and click swap. The exchange will ask you permission to connect your wallet, and as soon as you allow it, your coin will be exchanged into SafeMoon, which will show up in your wallets such as Trust or MetaMask.
Remember, Exchange won’t ask you for any type of deposit or address; you just have to connect your wallet.
These websites have also listed SafeMoon for exchange, but they are not popular and have low liquidity.
Like I said, SafeMoon is a very cheap coin, and you don’t have to invest thousands of dollars. Just buy SafeMoon from your dust coin or other coins that are not in use. After buying SafeMoon, target a price and then wait for it. If your target price is $1, then you have to wait a very long time, so make your strategies like a pro trader, not like a newbie.
From this list, Gate.io, or decentralized exchange, is the best option. They have high liquidity, which means you can easily buy and sell an extensive amount of SafeMoon confidently.
By the way, what do you think about SafeMoon? Are you going to buy SafeMoon or not? We’re really excited to hear in the comment box.