As a project conceived to encourage long-term investments, it could be one of the definitions that would easily help summarize the purpose of SafeMoon in just a few words.
If you are one of the many people interested in learning about the token or looking for a good place to invest in it, our guide on how to buy Safemoon will help you solve your curiosity and send you on the right track.
Where to Buy SafeMoon in Canada – Step by Step Guide 2022
Let us begin by taking a look at some crypto exchanges where you can buy SafeMoon coin.
1. BitBuy – One of the Best Cryptocurrencies Platforms in Canada
Founded in Toronto in 2013, BitBuy is one of Canada’s most popular cryptocurrency exchanges, allowing users to easily trade a comprehensive variety of them. Having a regulated and transparent cryptocurrency exchange based in the country is something that makes Bitbuy a secure platform for your cryptocurrency activities. This exchange offers a range of services for experienced traders, including a number of features. The outstanding customer service and competitively priced trading fees attract many traders.
It is possible to trade crypto on Bitbuy with a user interface that is both clean and simple for traders with less experience. In contrast, traders with more experience will find Bitbuy Pro more useful. Charts on Bitbuy include candles and volumes, which provide investors and traders with useful information. Customers can also set the parameters for the chart, including the time period.
Furthermore, the exchange allows users to use a feature called ‘Express,’ which makes it easier and more convenient for users to buy the best cryptocurrencies without a lot of hassle. You will be charged 0.2% for every CAD to crypto trade made on Bitbuy Express. Furthermore, this same 0.2% will also be deducted from your account when you complete the transaction.
Crypto trading fee
1% to 1.50%
1% to 1.50%
Easy-to-use Express Trade feature
Detailed charts and advanced tools
BTC insurance and secure crypto exchange
Compatible with iOS and Android devices
In Express Trade, traders pay only 0.2%, and in other trades, only 0.1%/0.2%
Depositing and withdrawing money is subject to fees
Access to this exchange requires a VPN if you are not in Canada
2. Binance - The Best Crypto Exchange to Buy SafeMoon With Low Fees in Canada
The Binance cryptocurrency exchange is one of the largest in the world. The digital asset market that Binance supports has a wide range of cryptos to choose from, and this is why it can help you find the asset you are looking for. Over 370 currencies are supported, and there are thousands of trading pairs to choose from. Decentralized finance tokens (DeFi), stablecoins, Bitcoin (BTC), and altcoins are all included in this category.
Binance is known for its P2P network, which is one of its distinguishing features. The Binance exchange network facilitates the exchange of assets between users when purchasing cryptocurrencies. The platform enables users to specify the price they wish to sell an asset. Once the price is agreed upon, users can place orders. Conversely, investors are able to purchase large amounts of cryptocurrency utilizing the Over the Counter (OTC) feature at slightly lower prices than they could if they were using the centralized order book exchange.
Buying or selling using Binance's proprietary cryptocurrency may even yield additional discounts if you choose to buy or sell after using their volume-based pricing model. When you own Binance Coin (BNB) on the platform, for instance, you will be charged 0.1% of the transaction value if you own those coins on the platform.
Crypto trading fee
Commission, starting from 0.1%
0.80 EUR (SEPA bank transfer)
Advanced indicators and customizable charts
Multiple device support
Commission of 0.10 percent
Compatibility with fiat currency
BNB users are eligible for discounts
Strong and enhanced security measures
Support is only available via tickets
For deposits made by credit/debit card, a 3.5% fee will be charged
3. Coinbase - Best App to Buy Safemoon in Canada For Professional Traders
Launched by Brian Armstrong and Fred Ehrsam in 2012, Coinbase is one of the largest crypto exchange companies in the world. It currently supports 100 countries and has more than 30 million customers. Their headquarters are nowadays located in Wilmington, Delaware, United States.
In comparison to other crypto trading platforms, Coinbase is one of the easiest to use for beginners interested in buying SafeMoon, with a well-designed mobile application and a minimalist web-based user dashboard. For example, a user logging into Coinbase will see our current portfolio of crypto assets displayed on the main screen, as well as a live forecast of their value. Moreover, Coinbase offers a special trading platform called Coinbase Pro, which provides lower trading fees and more options for advanced traders. Once you become a Coinbase member, you will automatically use Coinbase Pro for free.
When traders trade on Coinbase's standard platform, they pay a fairly high price because they also have to pay a spread when using "Trade" to buy or sell cryptocurrencies. On the Pro platform, these fees are, instead, 0.5% for both. Also, increased trading volume can help to reduce these costs. Finally, users do not need to be aware of any hidden fees during the transaction; all fees are disclosed.
Crypto trading fee
Commission, starting from 0.50%
1.49% to a bank account
Both newbies and experienced users will find the interface easy to use
One of the fastest exchanges on the market
A variety of alternative cryptocurrencies are supported
Minimum deposit requirements are low
A confusing fee schedule
Neither margin accounts nor crypto futures are available
4. WealthSimple - Best Crypto Platform in Canada With No Minimum Account Balance
Since the Toronto-based financial platform opened its doors back in 2014, it has positioned itself as both a robo-advisor and a wealth management platform, with offers that continue to benefit Canadians in their financial lives. Wealthsimple manages $5 billion in savings and investments for customers representing approximately 175,000 accounts and has extended its services to the United States and the United Kingdom.
Several financial companies have begun to respond to the rising popularity of digital assets by developing crypto trading platforms for consumers. It is also the WealthSimple case. It provides Canadians with the ability to trade instantly and buy cryptocurrencies via its WealthSimple Crypto platform. Wealthsimple Crypto offers 34 different coins and tokens available for purchase and sale, although there are no direct crypto trading pairs. In the near future, users will have the option to deposit some crypto assets and withdraw them.
When it comes to placing a buy or sell order, you will be charged a spread. These spreads usually range between 1.5% and 2%. In the meantime, there are no fees involved with payments, the opening or closing of your account, or electronic statements and trade confirmations.
A U.S. regulated crypto custodian, Gemini Custody, holds all crypto coins. Your cryptocurrency held at Gemini is accessed by Wealthsimple solely to settle your sell transactions. Cold storage at Gemini is insured for $200 million.
Crypto trading fee
Using the Bitcoin wallet is easy and does not require any technical knowledge
Adding funds to your account is simple
You can set up recurring investments
No fee for deposits or withdrawals
There is no minimum account balance
Canadian traders have the option to trade a wide variety of coins
The platform doesn’t offer a separate Bitcoin storage option
The spreads aren’t the cheapest ones in the market
5. Crypto.com - Best Way to Buy Safemoon in Canada With Transparent Rates
A pioneer in the world of cryptocurrencies, Crypto.com is an exchange platform from the early days of cryptocurrencies. This platform was started in 2016. Rather than being a curiosity, Crypto.com's founders hope to make cryptos the default investment class of the future.
Investors of all levels of knowledge can use the exchange to meet all their crypto-transaction needs. You can trade crypto futures and order types that support 150 currencies with this platform. Purchasing and storing assets like SafeMoon may be the right choice for you at Crypto.com. If you trade, you will incur a fee of 0.40%, and the fee drops when the transaction volume is high, or the CRO token is held in very large quantities.
Crypto.com resembles more of a crypto bank than an exchange since it offers a variety of payment options. It is easy to buy cryptocurrency on the exchange, exchange it, and invest in it. The Crypto.com app will let users start trading cryptocurrencies instantly with everything they need to get started.
In addition to supporting the storage of cryptocurrencies in the fiat wallet, users will be able to use them at any time to purchase within the crypto app. Additionally, when a user acquires a Crypto.com Visa Card, they are able to manage the card details directly from the app themselves. It will also be possible to exchange cryptocurrencies held within the platform at no cost.
According to the currency withdrawn. 0.0004 for ETH
What is SafeMoon?
SafeMoon was one of the newest cryptocurrencies to be introduced on the market in 2021. The project aims to promote decentralized financial systems by embracing a community-driven approach to help it develop Fintech products and other technology products that are more advanced and innovative.
The SafeMoon developers intend to build a cryptocurrency with a long-term perspective for its success. Investors are rewarded over time for holding, and penalties are imposed on those trying to get rid of their coins.
Since the currency's launch in the first quarter of 2021, there have been over 2.9 million cryptocurrency holders. Currently, according to CoinMarketCap, there are 585.536 trillion coins in circulation all over the world. The coin's founders wanted the coin to ensure a safe return on investment and prevent bubbles from occurring.
SafetyMoon has announced that it will be entering the next period of growth and innovation in 2022, as reported on its social media and other platforms. With the launch of the SafeMoon 2.0 protocol, the addition of several new features and functionality to the SafeMoon wallet (the SafeMoon wallet), as well as increased sustainability efforts, the organization is planning to expand its ecosystem.
While the company has plans to create an NFT exchange, which may change how it is viewed, the protocol was primarily created as an auto-liquidity generating protocol and RFI tokenomics. SafeMoon is interested in establishing charitable projects and developing crypto educational apps in addition to its plan to create an exchange.
Besides the great potential for passive income, this project also offers the possibility to earn substantial profits. As well as allowing investors to earn more as they move forward, the more coins they have, the greater the profits. APPY is one of the project's core features, which allows users to get as high as an 80% return on investment, which is something that traditional banks simply cannot compete with, regardless of the conditions.
In addition to all the above, the SafeMoon protocol was designed so that the coin's value is assured to grow over time. As a result, the coin is burned upon reaching the end of the lifetime, causing it to become a deflationary model. Intending to implement a beneficial burn strategy for long-term investors, SafeMoon employs manual burns rather than continuous burns. This also makes it possible to announce and track burns, enabling greater transparency. On the other hand, the token is designed in such a way as to discourage the sale of the coin. It is anticipated that this fact will lead to a price increase over time, benefiting the early adopters and owners of the device.
Further, in addition to its own NFT marketplace, they plan to expand its offerings to include a coin launchpad. As far as the project is concerned, it is clear that the team has outlined a very ambitious roadmap, and it is looking for ways to achieve these enterprising plans.
If you're wondering how to buy Safemoon in Canada, it's also crucial to know the current token value as part of your research. According to Coinmarketcap, at the time of writing (February 11st, 2022), SafeMoon's price is $0.000001 USD with a 24-hour trading volume of $167,032 USD. The current CoinMarketCap ranking is #216, with a live market cap of $835,081,248 USD. You can easily determine the amount you need to spend by multiplying that figure by the number of coins you wish to purchase.
Please ensure that whatever fees you incur along the way, even if they are only network or exchange trade fees, are included in the calculation. In addition, it relies on which platform you choose to use for your investment and how much you can deposit. When looking for a platform, keep in mind to determine if it has any minimum deposits or investments that you must meet or exceed.
How to Buy SafeMoon with PayPal
PayPal has been supporting crypto trading for nearly a year now; however, it has support for a limited number of digital assets. As a result, SafeMoon has unfortunately not been added to the list of available cryptos at this time.
Only users in the United States are allowed to sell, hold, and pay using four different cryptocurrency platforms on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Therefore, it's only possible for PayPal US account holders to use SafeMoon when converting their Bitcoin, Ethereum, Litecoin, and Bitcoin Cash into Binance coins (BNB).
If you are outside the US and you're still interested in purchasing Safemoon using PayPal, you can only do so through P2P platforms. Another trader would send their SafeMoon coins directly to you, while you would send the money from your PayPal account to theirs. Considering that PayPal does not collaborate with crypto platforms, if you intend to use this wallet as your payment method, you have no other alternatives at the moment.
How to Buy SafeMoon with Bitcoin
SafeMoon can be purchased using Bitcoin very easily, but you will have to make sure that you use an exchange that offers both coins to succeed in this. The coins being paired with one another would make us more inclined to use SafeMoon because we'd be able to use BTC to pay for another coin that is paired with SafeMoon instead of exchanging BTC for another coin.
However, this is also an option that may be taken into consideration if a direct pair cannot be found. Although direct pairs are the easiest to deal with, if there are no direct pairs available, it is necessary to exchange your BTC for the coin paired against SafeMoon, and then trade that coin for SafeMoon.
Buying SafeMoon Safely
As with the purchase of any cryptocurrency, it is of the utmost importance to buy SafeMoon in a safe manner. As you are working with your own money, there are already plenty of risks that come with financial investments. As a result, you need to decrease the risks and make it a priority to buy cryptocurrencies safely.
Choosing where to purchase SafeMoon can be challenging and would require considerable patience. Although cryptocurrency scams have been around for more than a decade, they still exist today due to the ease of anonymizing a crypto dealing. If you intend to minimize your risks, then you should use platforms that are regulated. Fortunately, the major exchanges are.
It is also essential to keep in mind that the ownership of this token can be risky in and of itself due to its fluctuating price and volatile market conditions.
Another thing that you should be aware of is that after you have purchased SafeMoon, you will require to transfer your tokens to a crypto wallet. As soon as you withdraw your coins from the exchange, they are transferred into your SafeMoon wallet. If you know how to secure your wallet, then you will be able to ensure that your coins are secure for years to come because you will be the sole owner and manager of your cryptocurrency.
Risks of Buying SafeMoon
Even though SafeMoon offers plenty of prospects, you should be aware that investing in crypto assets comes with considerable risks. For instance, volatile cryptocurrencies have always come with a risk, which can be caused by the way their prices fluctuate unexpectedly, which can cause them to go up or down without notice.
The price of cryptocurrency is infamous for its volatility because of the high degree of speculation surrounding the asset. This is usually the case even with SafeMoon, even as most of its properties are intended for long-term investments. The future is unpredictable, and it's unimaginable to see what lies beyond the plans and workings of SafeMoon. Therefore, trading must be done safely and responsibly at all times.
Being cautious with leverage is also essential. This is typically a very profitable strategy for traders who know how to handle the risks. However, as the leverage increases, the actual risks themselves increase. As it happens, most traders who indulge in leverage trading will usually do so through CFDs, which means that you can be profitable regardless of whether the price is going up or down as long as you can accurately determine the direction in which it is moving. As a result, you should avoid investing with leverage until you obtain enough experience to qualify as an expert.
As you learn how and where to buy SafeMoon, you might feel curious to liquidate or swap your SafeMoon in the future once you have learned how and where to buy it. Whenever you are certain that the price is approaching its high point and that a correction is coming, this is the right time to sell your SafeMoon, so that you can take advantage of any profit that may be available.
In order to do so, SafeMoon can be sold or swapped for another crypto on sites such as a decentralized exchange or via the SafeMoon swap platform.
SafeMoon Price Prediction
SafeMoon has recently peaked its price tag. However, it is currently more than half what it was one month ago.
At the beginning of January, the price of the newly launched Safemoon V2 reached as high as $0.0036 during the first few weeks after it was launched. As a result of the 1: 1000 consolidation, the Safemoon V2 token should be able to make its new All-Time High if the price goes above the level of $0.0109 in the coming weeks. Meme coin investors will likely only return if Safemoon keeps delivering and the team keeps delivering on its promises.
In order to break above the downward trendline and consolidate above the $0.0024 level, the price needs to break above the downward trendline and consolidate above that level. Furthermore, any close below the $0.0013 level could significantly increase the price's chances of going into even a longer downtrend.
Please take note that this entire guide or SafeMoon price prediction is not meant to be used as financial advice.
Where to Buy SafeMoon
BitBuy - One of the Best Cryptocurrencies Platforms in Canada
Binance - The Best Crypto Exchange to Buy SafeMoon With Low Fees in Canada
Coinbase - Best App to Buy Safemoon in Canada For Professional Traders
WealthSimple - Best Crypto Platform in Canada With No Minimum Account Balance
Crypto.com - Best Way to Buy Safemoon in Canada With Transparent Rates
Best Way to Buy SafeMoon – Binance Tutorial
The following is a tutorial on where to buy SafeMoon and how to buy SafeMoon in Canada by utilizing the Binance platform.
Step 1: Open an Account
Creating an account is as straightforward as going to the Binance website and clicking the Register button at the top right of the website. After clicking "Register," a signup form will be displayed. Then, enter the email address you wish to register with and log in.
Until your account has been verified, you will not be able to purchase SafeMoon after signing up. A valid ID is required for Binance in order to comply with regulations and ensure your identity. Such requests are nothing new for services of this type. In fact, the largest exchanges have been asking for these details for quite some time.
Binance asks its customers to have proper IDs and proof of address in order to complete this process. Upon signing up, you're required to upload a government-issued ID from your country of residence, such as a Canadian passport, a driver's license, or a VISA if you hold an overseas passport.
Step 3: Deposit Funds
Since your account has now been verified, you can fund it now. Canadian customers may choose from different means of payment. The good news of the day is that users from Canada can use their credit or debit cards in order to buy crypto with the Canadian Dollar (CAD) on Binance if they prefer to use traditional ones. Both MasterCard and Visa are accepted on Binance.
Step 4: Buy SafeMoon
Finally, as soon as your account has been funded, you can buy SafeMoon on Binance in Canada right away. Then, you will need to purchase BNB using your fiat currency by going to the market of your choice, for example, the P2P market. In this case, all you have to do is simply convert your BNB into SafeMoon or another exchange, and you are done.
The Binance exchange is one of the best places to buy SafeMoon in Canada. Binance is our recommended exchange for buying SafeMoon because of its extensive selection of cryptocurrencies and a large number of features. In addition, because it uses the Binance Smart Chain for its tokenization, Safe Moon is one of the easiest tokens to purchase on the exchange since it is a BEP-20 token.
Make the most of your investment in the crypto world with Binance, and enjoy fast trades, flexible saving options, and much more. To open an account with Binance, just follow the link below, and you will be able to do so in as little as a couple of minutes.
Binance – Best Crypto Exchange to Buy SafeMoon in Canada With 0% Commission