How to Buy SafeMoon? – Beginner’s Guide
SafeMoon is an exciting crypto project with strong utility and excellent potential. If you are hoping to diversify your investments with SafeMoon (SMI) this year, this guide will reveal everything you need to know about how to buy SafeMoon.
Keep reading to discover how to invest in the crypto through regulated exchanges.
How to Buy SafeMoon – Step by Step Guide 2023
Learning how to buy SafeMoon starts with finding out where to buy SafeMoon crypto in the first place. In the next section, we will show you five cryptocurrency exchanges and trading platforms where you can buy SafeMoon coins.
Where to Buy SafeMoon – List
In case you’re wondering, ‘how can I buy SafeMoon coin?’ or ‘where can I buy SafeMoon cryptocurrency? Don’t worry; we’ve got you covered. That is a list of the crypto platforms that we have reviewed in this SafeMoon crypto guide:
- eToro – Overall Best Cryptocurrency Trading Platform
- Binance – One of the best cryptocurrency exchanges for new coins
- Coinbase – The Best Crypto Trading Platform for Beginners
- Crypto.com – The Fastest and Most Secure Exchange for Cryptocurrency
- Kraken – Lowest price to invest in crypto compared to competitors
Where to Buy SafeMoon – Platforms
1. eToro – Overall Best Crypto Trading Platform
eToro is a social trading and investment platform that enables users to trade and invest in a wide range of assets, including stocks, cryptocurrencies, commodities, and more.
The platform was founded in 2007 and is headquartered in Israel, with offices around the world. eToro is unique in that it offers a social component, allowing users to connect with other traders, follow their trading strategies, and even copy their trades automatically. eToro also offers features such as a virtual trading account for beginners, a mobile app for trading on-the-go, and educational resources to help users learn more about trading and investing. The platform is regulated by multiple financial authorities, providing users with a secure and trustworthy trading environment.
eToro offers a variety of crypto trading features that allow users to trade and invest in cryptocurrencies. Firstly, users can buy and sell cryptocurrencies directly on the platform, with access to a wide range of crypto assets, including Bitcoin, Ethereum, Dogecoin, and more. Secondly, eToro offers a feature called “CopyTrader”, which allows users to automatically copy the trades of other successful traders on the platform. This feature can be especially helpful for those new to crypto trading, as it enables them to learn from the trading strategies of experienced traders.
Additionally, eToro provides a virtual trading account that allows users to practice trading with a simulated portfolio without risking real money. The platform also offers advanced charting and technical analysis tools, as well as stop-loss orders and other risk management features. Finally, eToro’s mobile app enables users to trade and monitor their portfolios on-the-go.
You cannot purchase SMI directly through eToro however, it is possible to purchase currencies that can be swapped for SMI through a decentralized exchange.
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Stellar (XLM)
|Crypto trading fee||Spread, 0.75% for Bitcoin|
|Inactivity fee||$10 a month after one year|
- Access to major crypto tokens
- Very low platform fees
- Payment options include credit cards, eWallets, and local bank transfers.
- Minimum deposit of just $20
- Regulated by the Financial Conduct Authority, CySEC, and ASIC
- A platform that is user-friendly for beginners
- Tools for copy-trading and social trading
- There is now a mobile app available for download
- Does not offer advanced trading platforms
- Does not support all crypt assets
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
Binance is a cryptocurrency exchange platform that was founded in 2017 by Changpeng Zhao. The platform allows users to buy and sell a wide variety of cryptocurrencies, as well as trade futures contracts and options. Binance has quickly become one of the largest cryptocurrency exchanges in the world, with millions of users and a daily trading volume that often exceeds billions of dollars. Binance offers a user-friendly interface and provides access to a wide range of trading tools, including charting and technical analysis tools, as well as advanced order types and trading algorithms. In addition to its exchange platform, Binance also offers its own cryptocurrency, Binance Coin (BNB), which can be used to pay for trading fees and other services on the platform. Binance is also known for its security measures, including two-factor authentication, cold storage of funds, and regular security audits.
To buy cryptos on Binance you will need to purchase BNB- the platform's native crypto. You can buy BNB with fiat currency by connecting your bank account to the exchange.
|Crypto trading fee||Commission, starting from 0.1%|
|Withdrawal fee||0.80 EUR (SEPA bank transfer)|
- Large daily trading volumes
- Supports numerous crypto assets which is excellent for diversification
- Provides a variety of payment methods
- Commissions as low as 0.1%
- Crypto staking is available
- Suitable for beginners and more experienced traders
- Binance is currently experiencing regulatory concerns
- E-wallets cannot be used for depositing or withdrawing money
Your money is at risk.
3. Coinbase - Easy to use crypto platform
Coinbase is a popular cryptocurrency exchange platform founded in 2012 in San Francisco, California. It allows users to buy, sell, and store a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Coinbase is known for its user-friendly interface and security measures, which have made it a popular choice for both novice and experienced cryptocurrency traders. The platform offers a variety of features, such as recurring buys, instant trading, and a mobile app. Coinbase has also become a publicly-traded company and has been at the forefront of legitimizing and popularizing cryptocurrencies in mainstream finance.
Currently, SafeMoon is not supported on the Coinbase platform; however, you can buy SafeMoon through Coinbase using the same method you would use for buying SafeMoon through Binance. Using the Coinbase wallet, you can buy cryptocurrency in Australian dollars, which you will later change for SafeMoon.
|Cryptocurrency trading fees||Commissions starting at 0.50%|
|Fee for inactivity||It's free|
|Fees for withdrawals||1.49 % to an account in the U.S.|
- Supports over 100 crypto assets
- A great place to start for beginners
- Simple user interface that is easy to navigate
- Money Services Business registered with the Financial Crimes Enforcement Network (FinCEN)
- Provides a good selection of cryptocurrency resources
- Live customer service 24 hours a day
- Bank transfers and debit cards are supported
- An app that is rated highly by mobile users
- Provides a wallet for crypto assets
- Limited trading tools
- Neither copy trading nor social trading features are available
Your money is at risk.
4. Crypto.com - Fast and Secure Cryptocurrency Exchange
Crypto.com is a cryptocurrency exchange platform that was founded in 2016 with headquarters in Hong Kong. The platform allows users to buy, sell, and trade over 100 different cryptocurrencies, including Bitcoin, Ethereum, and its own native token, CRO.
Crypto.com is known for its user-friendly interface, low fees, and a range of features, such as staking, lending, and a Visa debit card that allows users to spend their cryptocurrencies at over 70 million merchants worldwide. In addition, Crypto.com has its own blockchain network, which supports the development of decentralized applications (DApps) and smart contracts. Crypto.com has grown rapidly in recent years and has become a popular choice for cryptocurrency traders and investors.
SafeMoon is currently not supported on the platform, but users can still purchase other cryptos, such as ADA, which is supported on the platform, in addition to the SafeMoon exchange. For this reason, if you wanted to purchase SafeMoon through Crypto.com, you could first buy ADA to store on the wallet of crypto.com and then convert the ADA into SafeMoon.
|Crypto trading fee||0.04% maker and taker fees|
|Withdrawal fee||According to the currency withdrawn. 0.0004 for ETH|
- Over 250 different cryptocurrencies available
- Ability to stake stablecoins for up to 14% anual returns
- Provides a native visa card for crypto purchases
- NFTs are available through the NFT marketplace
- Crypto.com supports various DeFi integrations
- A competitive fee structure that is transparent, competitive, and offers discounts
- Contribute to the development of a cryptocurrency ecosystem
- Unless you use CRO, you will have to pay higher fees
- Trading fee discounts are difficult to navigate
Your money is at risk.
5. Kraken - Lower Price To Competitors To Invest In Crypto
Since its establishment in 2011, Kraken has been one of the world's largest and oldest cryptocurrency exchanges. Having launched a Bitcoin trading platform in 2013, it has attracted over 4 million users across the globe since then. The platform allows for the trading and staking of sixty different cryptocurrencies. The U.S. and Canada have recognized Kraken as a Money Services Business (MBS) by FinCEN and FINTRAC, respectively. Some of its affiliated companies are also regulated by agencies like the U.K. Financial Conduct Authority (FCA), Australia's AUSTRAC, and Japan's Financial Services Agency (FSA).
The platform enables traders to trade futures using cryptocurrencies, which isn't possible on most other platforms. Kraken offers some of the industry's best security and safety features due to this. In addition, it is easy to use, and a variety of currency pairs are available with large margins. Among the companies offering a 10x leverage on BTC trades, Kraken is one of the most notable. Investing in cryptocurrencies on Kraken is an excellent way to find out what the best cryptos are at the moment.
|Crypto trading fee||For sellers, commissions start at 1% per trade. Free for buyers|
|Withdrawal fee||According to the currency withdrawn. 0.0005 for BTC|
- Regulated crypto exchange
- offers good security and safety
- Wide selection of digital assets
- Margin trading and crypto futures
- Simple to use
- High fees and withdrawal minimums
- Limited deposit and withdrawal options
- Markets trading platform is only suitable for advanced traders
- Euros are the only currencies accepted for debit or credit card deposits
Your money is at risk.
Where to Buy SafeMoon - Fee Comparison
In the following table, you can find a comparison of the top crypto trading platforms through which you can buy the best new crypto coins.
|Crypto trading fee||Spread, starting from 2 pips||Commission, starting from 0.1%||1.49% standard commission||0.04% maker and taker fees||For sellers, commissions start at 1% per trade. Free for buyers|
|Inactivity fee||US$10 a month after one year||Free||Free||Free||Free|
|Withdrawal fee||US$5||0.80 EUR (SEPA bank transfer)||2% debit card withdrawal fee||According to the currency withdrawn. 0.0004 for ETH||According to the currency withdrawn. 0.0005 for BTC|
What is SafeMoon?
SafeMoon is a relatively new cryptocurrency that was launched in March 2021. It is a decentralized finance (DeFi) token that operates on the Binance Smart Chain (BSC). SafeMoon aims to address some of the issues with other cryptocurrencies, such as high transaction fees and market volatility.
One of the unique features of SafeMoon is its redistribution mechanism, which charges a 10% fee on every transaction. Half of this fee is burned, which reduces the total supply of the token, and the other half is redistributed to existing holders. This redistribution mechanism is intended to incentivize users to hold onto their SafeMoon tokens, thus creating a deflationary effect on the supply and potentially increasing the token's value over time.
While SafeMoon has gained a significant following and has seen significant growth in its user base, it is important to note that investing in cryptocurrencies is inherently risky and that caution should be exercised when considering any investment.
Your capital is at risk.
Why Buy SafeMoon?
There are a number of reasons why some investors may choose to add SafeMoon to their portfolio. However, it is important to understand that investing in crypto is highly volatile. Here are a few reasons why SafeMoon may be an appealing investment.
Potential for high returns: Due to its unique redistribution mechanism, SafeMoon has the potential to see significant price increases if demand for the token increases and more people start buying and holding it.
Low initial investment cost: SafeMoon's current price is relatively low, which means that individuals can buy a large quantity of tokens for a relatively small investment.
Interest in DeFi: SafeMoon is a decentralized finance (DeFi) token, which means that it operates on a decentralized network and provides users with financial services without the need for intermediaries. This may be appealing to those who are interested in the DeFi space.
Community support: SafeMoon has a large and active community of supporters, which may provide individuals with a sense of belonging and support.
How Much Does It Cost to Buy SafeMoon?
The current value of SafeMoon is $0.000000007179- this fluctuates daily. However, the exact cost of buying the asset is largely dependent on the platform and payment method that you use. Some platforms charge higher fees than others which can make buying SafeMoon more expensive.
As well as this, certain payment providers with charge fees for purchasing crypto. It is important to be ware of this before investing.
How to Buy SafeMoon with PayPal
At the moment, it is not possible to buy Safemoon directly with PayPal. However, there are still ways to purchase Safemoon using PayPal by following these steps:
- Create an account on a cryptocurrency exchange that supports Safemoon. Examples of such exchanges include BitMart and Kraken.
- Link your PayPal account to your exchange account by following the instructions provided by the exchange.
- Deposit funds into your exchange account using PayPal.
- Use the funds to purchase a cryptocurrency that can be traded for Safemoon, such as Binance Coin (BNB).
- Trade your BNB for Safemoon on the exchange.
Please note that this process may involve fees and additional steps, such as transferring the purchased cryptocurrency to a wallet that supports Safemoon. Additionally, it's important to do your own research and ensure that you understand the risks involved in buying and holding cryptocurrencies before making any investments.
How to Buy SafeMoon with Bitcoin
To buy SafeMoon with Bitcoin, you will need to use a crypto swapping platform. The majority of these platforms are decentralized and require a crypto wallet.
PancakeSwap is a good example. Here, you can connect your crypto wallet to the exchange and swap BTC for SafeMoon. The transactions are supported by blockchain technology and the SafeMoon tokens will appear in your crypto wallet once the transaction has been completed.
Buying SafeMoon Safely
Buying any cryptocurrency carries inherent risks, and Safemoon is no exception. However, there are several steps you can take to increase your safety when buying Safemoon:
Research the project: Before investing in Safemoon, do your own research to understand the project's goals, team, and roadmap. Look for information on the project's official website, social media channels, and community forums.
Choose a reputable exchange: Use a reputable cryptocurrency exchange that is known for its security features and has a good track record. Some popular exchanges that support Safemoon include BitMart, Gate.io, and PancakeSwap.
Use two-factor authentication (2FA): Set up 2FA on your exchange account to add an extra layer of security. This could involve using an authentication app or receiving verification codes via SMS or email.
Secure your funds: Once you have purchased Safemoon, transfer your funds to a secure wallet that only you have access to. Hardware wallets like Ledger or Trezor are generally considered to be the safest option.
Beware of scams: Be cautious of scams, such as fake Safemoon giveaways, phishing emails, and impersonation attempts. Always double-check the legitimacy of any communication or offer before taking action.
Risks of Buying SafeMoon
Buying Safemoon involves risks that are inherent to cryptocurrencies. The high volatility of Safemoon's price can lead to substantial gains or losses. As cryptocurrencies are not regulated by governments or financial institutions, there is a risk of price manipulation, fraud, and other illegal activities.
Additionally, the success of Safemoon depends on its market adoption, and technical risks such as hacks or bugs could result in the loss of funds. Finally, Safemoon may not have enough liquidity on exchanges, making it difficult to buy or sell at a desired price. It's crucial to understand these risks, do your own research, and only invest what you can afford to lose.
To sell Safemoon, you need to log in to a cryptocurrency exchange that supports Safemoon, navigate to the Safemoon trading page, select the option to sell, enter the amount you wish to sell, choose the currency you want to receive, confirm the transaction, and wait for it to be processed. It's important to note that there may be fees associated with selling Safemoon, and it's crucial to consider the market conditions and price of Safemoon at the time of selling to make an informed decision. Once the transaction is complete, withdraw the funds to your desired payment method, such as your bank account or PayPal.
SafeMoon Price Prediction
SafeMoon indeed peaked at a certain price this year due to its release of SafeMoon 2.0, but the current price range is around half of what it was a month ago. Therefore, to find out how to buy SafeMoon and where to buy SafeMoon, one should research the cryptocurrency's price prediction and understand how to buy SafeMoon.
SafeMoon is expected to trade in a range of $0.0020 to $0.0025 until both significant pressure and significant price changes push it beyond these levels. Even though this year's peak of $0.004599 occurred after just a few days, it may take another group of investors for the price to return to this level. At present, SafeMoon 2.0 is trading at the lower level of its historical price.
This SafeMoon price prediction and this entire Where to Buy SafeMoon guide are not financial advice but merely our opinion about the cryptocurrencies we are talking about.
Best Way to Buy SafeMoon – Binance Tutorial
Here's a step-by-step guide on how to buy SafeMoon from Binance- our recommended platform.
Step 1: Open an Account
Go to the Binance website (binance.com) and click on the "Register" button at the top right corner of the page.
You will receive a verification email from Binance. Click on the link in the email to verify your account.
Your capital is at risk.
Step 2: Upload ID
To verify your Binance account, you will need to upload two forms of photo ID. These can be either a passport, drivers license, birth certificate and a proof of address.
Step 3: Deposit Funds
Deposit funds into your Binance account by selecting the "Deposit" option and choosing the cryptocurrency or fiat currency you wish to deposit.
Step 4: Buy SafeMoon
At the moment, Safemoon is not directly listed on Binance, so you cannot buy it directly using fiat currency or other cryptocurrencies. However, you can buy Binance Coin (BNB) on Binance and then use it to purchase Safemoon on a decentralized exchange (DEX) such as PancakeSwap. Here are the steps to follow:
- Open a Binance account and complete the verification process.
- Deposit funds into your Binance account by selecting the "Deposit" option and choosing the cryptocurrency or fiat currency you wish to deposit.
- Use the funds to buy Binance Coin (BNB) on Binance by selecting the "Trade" option and choosing the BNB trading pair you wish to use.
- Withdraw the Binance Coin (BNB) to a compatible wallet that supports the Binance Smart Chain network.
- Navigate to PancakeSwap and connect your wallet to the platform.
- In PancakeSwap, select the "Trade" option and choose the BNB/Safemoon trading pair.
- Enter the amount of Safemoon you wish to purchase and confirm the transaction.
Your capital is at risk.
Binance is probably one of the easiest places to buy SafeMoon coins. Binance is one of our recommended exchanges for buying SafeMoon cryptocurrency because it offers hundreds of different cryptocurrencies and offers a wealth of features. Buying SafeMoon on the Binance exchange is the simplest because SafeMoon is a BEP-20 token available on the Binance Smart Chain.
Experience fast trades, flexible savings, and much more with Binance and start investing in crypto! To open a crypto exchange account with Binance, simply follow the link below and sign up today!
Binance – Best Crypto Exchange to Buy SafeMoon With Debit Card
Your capital is at risk.