Here we will show you how to buy Safemoon. Classified as a DeFi token, SafeMoon is attracting a lot of attention from investors. Buying SafeMoon can be tricky, but our team identified some ways to buy SafeMoon.
SafeMoon is a new cryptocurrency that has been generating a lot of buzz in recent days. It is a decentralized financial startup that addresses problems present in other major cryptocurrencies. Perhaps most notably, SafeMoon imposes a 10% fee on sellers, half of which is assigned to existing token holders, and the other half is locked in Liquidity Pool.
Since SafeMoon is a new cryptocurrency launched in March 2021, it is not yet close to the popularity level of other altcoins.
Buying this cryptocurrency was not as easy as buying other popular cryptocurrencies like Dogecoin.
Until today, April 24, 2021, Safemoon was listed in two more Exchanges, and as per the dev team, more exchanges will be added later.
Before delving into how and where to buy Safemoon tokens, it is essential to note that Safemoon is a token based on Tokenomics.
If you are looking to buy SafeMoon, it is was as straightforward as logging into your preferred broker of choice and placing an order for the cryptocurrency. However, until today, April 24, 2021, 2 of the significant Asian exchanges were added in terms of the trading volume. These exchanges were ZGB.com, an Asian exchange and one of the biggest in the Asian cryptocurrency market, and Gate.io, another Asian Exchange, working mainly in the Chinese market.
How you can buy at the moment Safemoon is:
1. PancakeSwap – with Binance and Trustwallet
For you to buy Safemoon in Pancakeswap, you need to buy BNB in Binance exchange and transfer to your Trustwallet address through BEP-20 Protocol.
From here, you need to:
- Convert the BNB in the Trustwallet to BSC – Binance Smart Chain;
- Access safemoon website from Trustwallet;
- Chose “buy” from Safemoon website (After that you will be redirected to pancakeswap);
- In pancakeswap, you need to connect your Trustwallet;
- Adjust the slippage to between 8 and 12 % (recommended 12%);
- An then just swap the amount of BNB to Safemoon.
There, you now have safemoons!
2. PancakeSwap – With just Trustwallet
- Chose “Wallet”
- Click “buy” under the tag icon
- Chose the coin you want to buy (we recommend BNB)
- Insert the amount you want to buy in USD and then click next!;
- You will then be redirected to “Simplex” in which you can buy the BNB you chose;
- Convert the BNB in the Trustwallet to BSC – Binance Smart Chain;
- Access safemoon website from Trustwallet;
- Chose “buy” from the Safemoon website (After that you will be redirected to pancakeswap);
- In Pancakeswap, you need to connect your Trustwallet;
- Adjust the slippage to between 8 and 12 % (recommended 12%);
- An then just swap the amount of BNB to Safemoon.
There, you now have safemoons!
3. Exchanges
While you can buy Safemoons from Whitebit and Bitmart and pancakeswap, you can now buy directly from MXC.com, Gate.io,ZBG.com, and LetsExchange.io. This last Exchange, until now, was the first and only Exchange that let you purchase Safemoons from every pair they offer.
In exchanges, you can buy by adding FIAT money and then converting to any of the supported pairs to trade, or if the exchanges support, you can buy even Safemoons directly with your card or SEPA.
About PancakeSwap
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have additional functionality as governance tokens (and tickets in a lottery).
Website: https://pancakeswap.finance/
About WhiteBIT Exchange
Launched in Dec 2018, WhiteBIT is a centralized European exchange that offers crypto-to-crypto and crypto-to-fiat transactions with 0.1% trading fees.
With European Exchange and Custody licenses, WhiteBIT meets KYC and AML requirements. It claims to have 150,000+ users from the EU, South America, and Asia registered.WhiteBIT offers instant transactions with P2P codes, the possibility of staking, private and public API & several trading tools: limit, market, stop limit and stop market orders. Quick deposits and withdrawals are carried out with InstantSend by Dash.
Website: https://whitebit.com/
About Bitmart Exchange
Launched on 15/03/2018, BitMart is a centralized exchange based in the Cayman Islands. It also has four offices located in New York, China, Hong Kong, and Seoul. It supports spot trading, otc trading, and USD trading. Its mission is to drive the world towards a better financial system.
Website: https://www.bitmart.com/
About MXC.COM
Launched in Apr 2018, MXC is a centralized cryptocurrency exchange registered in Seychelles. It supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal.
Website: https://www.mxc.com
About ZBG.com Exchange
ZBG.COM is the world’s leading trustworthy crypto assets exchange based in Hong Kong. ZBG is now officially available in 7 languages– Japanese, Korean, Vietnamese, English, Chinese, Turkish and Russian, and provides a fast, safe, convenient trading service for more than 1.2 million global users.
Website: https://www.zbg.com
About Gate.io
Gate.io gives you a wide variety of choices from 180 currencies and more than 400 markets. There are no deposit or withdrawal fees associated with it, except a low trading fee of 0.2%.
Website: https://www.gate.io
About LetsExchange
LetsExchange is a one-stop multicurrency exchange service free of registration, limits, and complications. It supports 210+ coins, about 45,000 currency pairs and automatically selects the best rate across all major crypto exchanges for each trade.
Website: https://letsexchange.io/
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