Where to Buy SafeMoon in Australia? – Beginner’s Guide

In what started as just a cryptocurrency token back in March of 2021, SafeMoon already announced plans of launching its own blockchain, crypto exchange, hardware wallet, and internet of things infrastructure on its own blockchain.

If you’re keen on knowing where to buy SafeMoon Australia, this guide will discuss how to buy SafeMoon in Australia, exactly how to buy SafeMoon on Trust Wallet, and more.

Where to Buy SafeMoon Australia – Step by Step Guide 2023

The first step in learning how to buy SafeMoon in Australia is figuring out where to Buy SafeMoon crypto. Let’s go through five crypto exchanges and trading platforms that can help you buy SafeMoon coin.

1. eToro – Overall Best Crypto Trading Platform Australia

eToro is an all-in-one trading platform that lets you buy and sell different instruments such as cryptocurrencies, stocks, and commodities with zero commission. Although you won’t be learning how to buy SafeMoon crypto directly from eToro, you can buy crypto from the platform and swap it for SafeMoon (SFM) later on.

With its own crypto wallet and Bitcoin wallet, eToro lets you transfer your purchased cryptocurrencies on the trading platform to the eToro Money crypto wallet. From there, you will be able to transfer crypto such as Bitcoin into a compatible cryptocurrency such as Binance Coin (BNB). On the SafeMoon swap, you can then convert your BNB into SFM for a small fee.

Although learning how to buy SafeMoon coin this way requires several steps, it does mean that you have full control of the crypto that you own as you will keep it stored in your crypto wallet. 

If you’re looking to buy SafeMoon Australia through eToro, you’ll need to know which cryptocurrencies in particular can be stored in the eToro Money crypto wallet. The coins that can be stored are as follows:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Stellar (XLM)

eToro fees

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Binance - Best Crypto Exchange for New Coins

If you’re wondering, can you buy SafeMoon on Binance? The answer is yes. If you want to know how to buy SafeMoon via Binance, the answer is quite simple. Because SafeMoon was created on the BEP-20 token standard of the Binance Smart Chain, it makes sense that Binance is a great platform to buy the token.

In order to buy SafeMoon Binance, you’ll need to first buy some BNB tokens on the platform. Luckily, using BNB tokens for your Binance fees gives you a 25% discount, so holding the token has its merits. With the BNB token, you can then swap it for SafeMoon the SafeMoon swap exchange.

Binance fees

Your capital is at risk.

3. Coinbase - Best Beginner Crypto Trading Platform 

The next place to look for where to buy SafeMoon coin is Coinbase, the best beginner crypto exchange. Coinbase also has hundreds of different cryptocurrencies under its belt as well as its own crypto wallet called the Coinbase wallet.

SafeMoon is currently not supported on the Coinbase platform, but you can use the same method of purchasing SafeMoon with Binance for buying SafeMoon through Coinbase. Simply use AUD to buy cryptocurrencies that you will later swap to SafeMoon through the Coinbase wallet.

Your money is at risk.

4. CoinSpot - Largest Australian Cryptocurrency Exchange

CoinSpot is the largest Australian cryptocurrency exchange. With over 350 tradable cryptocurrencies and an AUD crypto wallet, Coinspot is another great place to buy some SafeMoon coin. 

Buy SafeMoon CoinSpot by first registering and creating a wallet and account through the crypto exchange. The process should be especially fast for Australian residents. After you have your account and wallet, you can proceed to purchase crypto such as Cardano (ADA) which you can then swap for SFM through the SafeMoon swap platform.

CoinSpot

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5. Crypto.com - Fast and Secure Cryptocurrency Exchange

Crypto.com is one of the fastest and most secure cryptocurrency exchanges. It has a solid marketing and dev team to facilitate its quick growth. Crypto.com has its own DeFi wallet, meaning users can store and buy crypto through the app as well as earn yield from it.

Although SafeMoon is not supported on the platform, users can purchase cryptos like ADA which is supported on the platform as well as the SafeMoon swap site. So if you want to buy SafeMoon Australia through Crypto.com, you can first buy ADA to store on the crypto.com wallet and then convert the currency into SafeMoon.

Trading Contracts for Difference (CFDs) involves a significant risk of loss that may not be suitable for all investors.

Where to Buy SafeMoon - Fee Comparison

Below is a table fee comparison of our top crypto trading platforms to buy the best new crypto coins.

What is SafeMoon?

Before you look for where to buy SafeMoon Australia, it’s important to understand the grassroots of the platform and company. The SafeMoon company is a human-centric tech and innovation company that works on blockchain, metaverse, and NFT products. It leverages its first product, the SafeMoon protocol for purchasing and holding tokens which was released in March 2021.

The SafeMoon platform has grown rapidly since its launch, growing rapidly to a user and partner community of over 2 million individuals. SafeMoon’s community and user-focused development cycle help it create more advanced and innovative fintech and other technology products.

As SafeMoon stated in its social media and other platforms, the company is excited for a continued phase of growth and innovation this 2023. They plan on an expansion through the launch of SafeMoon 2.0 protocol, expansion, and functionality for its crypto wallet (the SafeMoon Wallet), and increased growth in its ecosystem through sustainability efforts.

Now, if you’re looking at how to buy SafeMoon Australia, we’ve brought up the different platforms and exchanges earlier. However, there are also many different decentralised exchanges that offer SafeMoon as well.

Why Buy SafeMoon?

So you might ask yourself, should I buy SafeMoon? Currently, the first iteration of SafeMoon, SafeMoon 1.0, is being phased out for the recently launched SafeMoon 2.0. Many are wondering where to buy SafeMoon and how to buy SafeMoon crypto because of its explosive popularity in 2021 and also since SafeMoon currently has innovative utility as a financial instrument with future use-cases in the works.

67% of retail investor accounts lose money when trading crypto derivatives with this provider. You should consider whether you can afford to take the high risk of losing your money.

Many cryptocurrencies are known to be deflationary, meaning their value increases instead of decreases over time. SafeMoon is a hyper-deflationary currency with automated reflection and liquidity giving it some unique properties.

Some of those looking to learn how to buy SafeMoon coin and where to buy SafeMoon Australia are interested in the coin’s tokenomics. SafeMoon requires a 10 percent tax for each transaction. Half of the tax is redistributed to all other SafeMoon holders in the form of reflection. The remaining 5 percent of it is used for liquidity.

All of these add to the deflationary properties of SafeMoon which is one of the reasons some investors look to buy SafeMoon Australia. Also, these properties aid price stability and incentivize holding for these reasons:

• Burning tokens lowers the supply, increasing chances of prices to rise
• Presence of a transaction tax disincentivizes selling
• In terms of day trading, it is much more costly and difficult to trade the token short-term and artificially manipulate the price due to the transaction tax

Overall, one way for those wanting to learn how to buy SafeMoon coin and buy SafeMoon crypto should think of SafeMoon is something of a high-yield financial instrument. Similar to an ETF that leverages taxation on volume to provide a percentage yield to its holders, SafeMoon is poised to be a great store of value if all these things hold true. 

How Much Does It Cost to Buy SafeMoon?

If you’re wondering where to buy SafeMoon in Australia, it's also important to know how much exactly it costs to buy SafeMoon. At the time of writing, one SafeMoon is valued at AU$ 0.0023321 meaning AU$1 is worth around 43 SafeMoon tokens.

Some crypto exchanges or online trading platforms let you purchase cryptocurrencies for around AU$ 15, meaning you might find yourself getting around 600 SafeMoon tokens considering the tax and other fees.

How to Buy SafeMoon with PayPal

When we were looking where to buy SafeMoon coin, we found that the PayPal site actually allows its U.S.-based users sell, hold, and pay 4 different cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. If you are a holder of a PayPal US account, then you will be able to SafeMoon buy Australia by converting your Bitcoin, Ethereum, Litecoin, and Bitcoin Cash into Binance coin.

For those with Australia PayPal accounts, the company does mention that it is working on extending this feature of being able to buy cryptocurrencies globally. So soon, you might be able to also buy crypto through PayPal and then swap it to buy SafeMoon in Australia at a later date.

How to Buy SafeMoon with Bitcoin

If you own some Bitcoin and are looking where to buy SafeMoon with it, you have several options. For one, you can try spot trading on a crypto exchange like Binance where you find the crypto pair like BNB/BTC. Once you swap your Bitcoin for BNB, you can then use your BNB to swap for SafeMoon.

Here’s a list of some of the decentralised platforms where you can learn how to buy SafeMoon crypto, find out how to buy SafeMoon Australia, and ultimately buy SafeMoon coin.

• Gate.io
• LBank
• ZBG
• PancakeSwap
• LetsExchange

Buying SafeMoon Safely

67% of retail investor accounts lose money when trading crypto derivatives with this provider. You should consider whether you can afford to take the high risk of losing your money.

In your search for where to buy SafeMoon Australia, you’ll definitely need to consider how to buy SafeMoon coin safely. As a rule of thumb, you should never give out your wallet passphrase for any reason. This will ensure that only you have control of the crypto in your wallet.

You should also be suspicious of different URLs, emails, direct messages, and forms that might look to scam you. If someone claims that they are trying to “validate” your SafeMoon coins, this can be a sign that they are trying to scam you. Make sure that you always have safety in mind when understanding where to buy SafeMoon and how to buy SafeMoon Australia.

Risks of Buying SafeMoon

Despite being around for over a decade, cryptocurrency scams still exist thanks to how easy anyone can be anonymous with crypto dealings. Aside from the risks of being scammed when looking where to buy SafeMoon Australia and discovering how to buy SafeMoon crypto, owning SafeMoon can be risky in itself when price fluctuates.

Cryptocurrencies are notorious for their volatility in price because the asset is very speculative. The same goes for SafeMoon even if its properties are geared towards long-term investing. You can never really know what goes beyond the plans and inner-workings of the SafeMoon company and the future is unpredictable. In any case, safe and responsible trading should always be practised.

Selling SafeMoon

After you’ve learned how to buy SafeMoon crypto and where to buy SafeMoon, you might want to liquidate or swap your SafeMoon in the future. In order to sell your SafeMoon, you can simply go to another decentralised crypto exchange or the SafeMoon swap platform to swap your SafeMoon for another crypto.

SafeMoon Price Prediction

67% of retail investor accounts lose money when trading crypto derivatives with this provider. You should consider whether you can afford to take the high risk of losing your money.

Although SafeMoon has peaked to a price this year owing to its release of the SafeMoon 2.0, the current price range sits around half of what it was a month ago. Anyone looking to understand how to buy SafeMoon and where to buy SafeMoon Australia should research their price prediction on the cryptocurrency.

As we see it, SafeMoon will be trading within the AU$0.0020 to AU$0.0025 range unless significant pressure brings it beyond these levels. Although this year’s peak of AU$0.004599 occurred in just several days, it may take another group of investors to bring the price back to this level. For now, SafeMoon 2.0 sits at the lower level of its historical price.

Note that this SafeMoon price prediction as well as this entire Where to Buy SafeMoon guide is not financial advice and is our opinion on the cryptocurrency.

Where to Buy SafeMoon

In case you ask yourself ‘how can I buy SafeMoon coin?’ or ‘where can I buy SafeMoon crypto?’ we’ve got you covered. Here is a list of the crypto platforms that we've reviewed in this SafeMoon crypto guide:

1. eToro – Overall Best Cryptocurrency Trading Platform Australia
2. Binance – Best Crypto Exchange for New Coins
3. Coinbase - Best Beginner Crypto Trading Platform 
4. CoinSpot - Largest Australian Cryptocurrency Exchange
5. Crypto.com - Fast and Secure Crypto Cryptocurrency Exchange

Best Way to Buy SafeMoon - Binance Tutorial

Below is a step-by-step tutorial on where to buy SafeMoon and how to buy SafeMoon in Australia using the Binance platform.

Step 1: Open an Account

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

To open an account, head to the Binance site and press the Register button at the top right. You'll then be redirected to the sign-up sheet. Simply fill in your desired email and password to register.

Step 2: Upload ID

After registering, you won't be able to buy SafeMoon yet without having your account verified. For this, Binance will ask you to upload valid IDs and proof of address. You'll need to verify your account by uploading a government-issued ID such as an Australian passport, driver’s licence, or VISA with a foreign passport. 

Step 3: Deposit Funds

Now that your account is verified, you can now start funding it. To deposit fiat currency into your account, you’ll need to find the Bank Deposit tab and click the option. Use the bank transfer option and fund your account via PayID/Osko with an AU$0 fee.

Step 4: Buy SafeMoon 

Now that your account is funded, you can now buy SafeMoon Australia on Binance.  Simply head over to a market of your choice like the P2P market and buy BNB using your AUD. Then, simply look for the SafeMoon swap or other exchange to convert your BNB into SafeMoon.

Conclusion

Perhaps one of the easiest places where you can buy SafeMoon coin Australia is Binance. With hundreds of cryptocurrencies available and an immense amount of features, Binance is our recommended exchange for buying SafeMoon. Being a BEP-20 token on the Binance Smart Chain, it’s no wonder why buying SafeMoon on the exchange requires the least number of steps.

Start investing in crypto with Binance and experience fast trades, flexible savings, and more! Simply follow the link below and open a crypto exchange count with Binance today!

Binance – Best Crypto Exchange to Buy SafeMoon in Australia With 0% Commission

75.26% of retail investor accounts lose money when trading CFDs with this provider.

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