How to buy SafeMoon — the easiest way to buy the lunar-inspired crypto

Note : This is not fiscal advice. This how-to article is for educational purposes entirely. Please note that cryptocurrency is a highly explosive asset class ; only invest what you can afford to lose. “ How to buy SafeMoon ” is a question many risk-tolerant investors are asking, particularly since some claim the newly lunar-inspired token could be the future Dogecoin. safely aiming for the moon, SafeMoon supporters believe it could follow the lapp up trajectory as Dogecoin. On top of that, David Portnoy — internet celebrity and founder of Barstool Sports — endorsed SafeMoon as his darling meme token, causing the cryptocurrency to surge to newly heights. Whether you missed the Dogecoin rally, or you simply want to diversify your cryptocurrency portfolio with a new trendy altcoin, we ’ ve got the scoop on how to buy SafeMoon.

What is SafeMoon? 

Before you hop on a nearby starship to a SafeMoon-supported crypto exchange, let ‘s whip out our metaphorical telescopes and zoom in on what SafeMoon is all about. What is SafeMoon? What is SafeMoon ? ( image credit : Future/Snappa ) SafeMoon, which operates on the Binance Smart Chain blockchain, launched on March 8, 2021, but it took off like a skyrocket on Twitter and TikTok in mid-april, sparking interest among many crypto investors. On April 20, Binance even had to temporarily suspend withdrawals from its chopine due to the sudden inflow of SafeMoon investors .

See more

Before you buy the swerve token, you must know that SafeMoon penalizes sellers with a 10 % fee, and redistributes half to other nominal holders to incentivize buy and holding. SafeMoon was created to address several problems plaguing cryptocurrencies today, including price volatility and crypto investors ’ bad habit of premature selling ; hence the 10 % sell fee. Crypto blogger Lou Bagel says the top of SafeMoon is that you ’ ll keep making money as newly people buy in, but the downside is that if no one buys SafeMoon, investors will receive 5 % of nothing and the low necessitate will cause the price to plummet. According to CoinMarketCap, SafeMoon was trading at around $ 0.000002 on April 18. Two days late, SafeMoon skyrocketed to an all-time eminent of $ 0.00014 — an increase of closely 7,000 %. If you invested $ 1,600 into SafeMoon on March 22, you ’ d have a sock $ 60,000 a calendar month late .

How to buy SafeMoon on Trust Wallet

Purchasing SafeMoon international relations and security network ’ t the most aboveboard process, but with these easy-to-follow, bit-by-bit instructions, you ’ ll have your tokens in no clock time. For this guide, I ’ ll be using PancakeSwap as the chief exchange for SafeMoon. Convert BNB to Smart Chain via Trust Wallet 1. Download the Trust : Crypto & Bitcoin Wallet app from the app shop ( on io and Android ). 2. Open the app and tap “ Create a new wallet. ” How to buy SafeMoon ( image credit : Six Days LLC ) 3. Review the privacy Policy and Terms of Service. Tick the box next to “ I ’ ve read and accept the Terms of Service and Privacy Policy. ” 4. You ’ ll be given a twelve convalescence words. Write them down consecutive in a notebook for safekeeping. 5. Next, the app will show you your 12 recovery words non-sequentially. Tap the words in the justly arrange and you ’ ll nation on TrustWallet ’ s chief page. 6. Navigate to “ BNB ” and rap “ Buy BNB. ” Input how much money you ’ d like to invest in USD and hit “ Next. ” 7. You ’ ll be prompted to purchase BNB with a credit rating or debit card. Wait until the purchase is processed. 8. Head back to TrustWallet ’ s chief page and you should see you now have some BNB. Tap on “ BNB, ” hit “ More ” and wiretap on “ Swap to Smart Chain. ”

How to buy SafeMoon ( image credit : Six Days LLC ) 9. Head back to TrustWallet ’ s main page and you should see that your Smart Chain order is fulfilled. Using PancakeSwap to convert Smart Chain to SafeMoon For the future set of instructions, if you have an Android device, you can skip the foremost step. But if you have iOS, you ’ ll necessitate to follow the beginning gradation to access PancakeSwap ( a decentralized market that lets you buy SafeMoon ). How to buy SafeMoon ( persona credit : future ) 1. ( Only for iPhone users) Open Safari and visit PancakeSwap. Tap on “Connect Wallet.”  Tap on “ Trust Wallet”  and tap on “Trust.”  You ‘ll be prompted to login to your Trust Wallet account. last, water faucet on “Connect”  on the “PancakeSwap wants to connect to your wallet”  windowpane. Skip to step 4. How to buy SafeMoon ( effigy accredit : future ) 2. In the TrustWallet app, exploit on “ dApps ” on the bottom taskbar. adjacent, tap on “PancakeSwap.”  How to buy SafeMoon ( image accredit : Six Days LLC ) 3. Tap the “ Connect ” button on the top-right corner and hit “ TrustWallet. ” You should see that your Smart Chain tokens are immediately in PancakeSwap. 4. Tap “ Select a currentness ” and character in SafeMoon ‘s abridge address into the research cake. As of this writing, Safemoon ‘s contract address is h0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5 ( You can double check this on CoinMarketCap under “ Contracts ” ). 5. A detect will pop up to inform you that SafeMoon taxes a 10 % fee on each transaction. ( It will besides ask you to take “ slippage ” into report, which is when the run price is different from the initial quote ; you ’ re required to allow a 12 % buffer. ) How to buy SafeMoon ( prototype recognition : Six Days LLC ) 6. Tap on the picture next to the prison term symbol on the top-right corner, and as requested by PancakeSwap, set your slippage permissiveness to 12 %. Click “ X ” to save and exit the window 7. Tap “ Swap ” and “ Confirm Swap. ” This will prompt a “ Transaction submitted ” message to pop up. 8. Click on “ View on BscScan. ” The condition cake should say “ Success, ” proving you successfully converted Smart Chain into SafeMoon. exit PancakeSwap. How to see SafeMoon in your TrustWallet At this charge, you ‘re credibly wondering, “ Okay great, I bought some SafeMoon, but where are they ? ” Do n’t worry ! Follow these steps to enable SafeMoon in TrustWallet and confirm that you have them in your monomania. 1. Copy SafeMoon ‘s Contract Address here : 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5

2. Navigate back to TrustWallet ’ s independent page. Click the blue icon on the top-right corner and scroll to the bottom. 3. In the research bar, type in “ safe. ”

4. Tap on “ Add Custom Token. ” Change the network from Ethereum to Smart Chain. Under “ Contract Address, ” glue SafeMoon ‘s Contract Address. Tap “ Save. ” 5. Voila ! You should see your SafeMoon tokens in the TrustWallet app. Keep in mind that SafeMoon is still in its infancy, so while some are affirmative that it ’ s the adjacent Dogecoin, others are doubting — it ’ s just besides early to tell whether SafeMoon is headed for greatness or ruin. As with any investment, you should assess your gamble allowance and act accordingly .

  • What’s the best crypto for you?
informant : https://ontopwiki.com
Category : Finance

Post navigation

Leave a Comment

Trả lời

Email của bạn sẽ không được hiển thị công khai.