Undoubtedly, crypto currency is rising and has become the preeminent option for investment. So, you’re also interested in trying your hands in it.
Safemoon is the latest and secure cryptocurrency on BSC that has been gained a lot of attention in the market, mainly social media. It is also one of the best crypto tokens to implement redeployment tokenomics.
Despite being new in the market, Safemoon already has more than 2 million users. As per the Coin Market Cap, the Safemoon coin price is $0.000003485 with an increase of 11.40% with 24 hours trading volume.
In this article, we will explain everything related to Safemoon, including what Safemoon is, how to buy Safemoon, and where to buy Safemoon crypto?
Without further ado, let us get started!
What does Safemoon mean?
Safemoon is a DeFi token, which means it belongs to an alternative financial system. It allows for the exchange of peer-to-peer chain networks without the intervention of the government or banks. Safemoon, like other cryptocurrencies it is based on the blockchain network.
The main difference between the Safemoon crypto token and other cryptocurrencies is that most investors hold this token rather than sell it.
Also read: How to buy Cardano ADA
How to buy Safemoon?
If you are just getting started with cryptocurrency investment, so here is your step-by-step guide on how to buy Safemoon.
1. Create your Binance account
Safemoon is a new token and comes with many controversies. This is why platforms like Coinbase and Gemini don’t support this asset. However, this sometimes creates trouble for new investors, and most often, investors choose to invest in others.
If you’re interested in investing in Safemoon, one has to create a Binance account, as this platform offers Pancake Swap through which you can exchange the currency into the crypto token.
Creating an account is easy, as you just need to provide your email address and password. Furthermore, you might have to provide additional information before you get into trading. Once your account is approved, you will be able to purchase BNB. Keep note you need to purchase BNB as much you want to invest in Safemoon.
2. Start with Trust Wallet Account
To swap your currency into Safemoon, you will need to use PancakeSwap with a Trust wallet which will be compatible with BSC. Metamask and Trust Wallet are one of the best options to work with the Binance smart chain.
3. Buy software wallet
For PancakeSwap, you will need a software wallet like Trust wallet. With this, your crypto assets are much more secure and store your cryptocurrency on the centralized exchange.
Regardless, there is an issue with the software wallet since it can be hacked. Therefore, using a hardware wallet such as SafePal S1 can keep your currency safe and offer you vivid storage solutions.
A hardware wallet is a physical device that stores your currency offline, so the risk of getting hacked becomes ZERO. As you know, BSC is a new platform, and right now, there are not many hardware wallets that support Safemoon tokens.
4. Add funds to your wallet
If you want to exchange currency for Safemoon, then you can use PancakeSwap to complete this job. However, if you want to buy Binance tokens and exchange them for Safemoon, you can do this directly from the Binance Smart chain. Choose the right way for you, and then use Safemoon to change your history.
5. Buy Safemoon
Buying Safemoon is easy rather than crypto or Bitcoin. You will need PancakeSwap that helps you swap the currency into buying Safemoon tokens. Also, it is considered as the biggest benefit over the DEXs, as they are available at a low transaction fee. For instance, you will need to pay only $1 to process the transaction.
If you ever used Uniswap, then you will get easily familiar with PancakeSwap. Uniswap is the biggest decentralized exchange on Etherium, while Pancake Swap is the leading BSC exchange.
Where to buy Safemoon Crypto?
Safemoon is not a coin on Blockchain, but it is a token that one can buy easily on BSC. You can either swap Binance tokens into Safemoon or buy them directly from the centralized exchange such as BitLink. Most often, people exchange tokens for Safemoon in DEX on the BSC.
Nevertheless, buying decisions is always depend on the person’s prerequisites. Always choose the convenient method for yourself that makes your job easy.
Is Safemoon a good source of investment?
Investing in cryptocurrency is always like shooting arrows in the dark. Since no one predicts the outcomes, however, with current facts and figures, one can easily estimate whether Safemoon would be a safe investment or not.
Despite being new in the market, it has a million buyers even with price volatility. Investing in crypto is like gambling, so you should invest your money after in-depth market research.
As per the Coin Market Map, its current price has risen by 11% in the last 24 hours of trading. Thus, it means one can gain impressive gains and make brilliant assets.
Safemoon price prediction & statistics
As compared to the past few months, the price of Safemoon is skyrocketed. It hits the price of $0.0000001375 in April from $0.000006302 in October. Just over a few months, it has increased its popularity and number of holders. However, as of November 2021, the price fluctuates and comes to $0.000004392.
According to experts, the price prediction of Safemoon will rise by $0.0000064386 by the end of 2021. Although, by 2025, it suggests that Safemoon price could be $0.00000124258, which is more than triple now.
While investing in crypto, you know that there is the probability of a few gains and some losses. But as per the Safemoon prediction, it seems like the best choice of investment that might offer unexpected changes in your life.
Before making an investment, make sure you are satisfied with the facts and latest updates about the token.
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Frequently Asked Questions
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Can Safemoon token reach $1 in the future?
Indeed possible that Safemoon will reach $1 in the upcoming time. However, it is a trending and most legit and optimistic crypto token with a strong prediction value. There is a huge space for improvement that makes it more successful. So as long as you stay with coin, investors can gain a lot of gains.
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Is Safemoon Safe?
As per its white paper, Safemoon is a genuine token where people should invest. Well, it is sure that we don’t know what will happen in the future. That’s said, it is good to research and decide on the basis of time whether the token is good for investment or not. And always beware of scammers.
Wrapping Things Up
This is all we have to say on where to buy Safemoon crypto. Despite this, we always suggest doing your personal research on the market or asking for expert advice when it comes to making investments in crypto tokens and coins. However, if you still have any doubts about Safemoon, share with us.
