SafeMoon (SAFEMOON) has skyrocketed over the last month, going from $0.000002 to $0.000065 in only 10 days, putting traders in a major rush to go and buy SafeMoon crypto and ride the bullish wave.
If you are interested in learning more, keep reading, and you will have all the information that you need to buy SafeMoon crypto by the end of this guide.
In This Guide
If you were wondering “Where can I buy SafeMoon?”, our answer is — on Binance. This is where you are likely to find most coins that you might be interested in, as Binance is quite thorough when it comes to listing popular cryptocurrencies. Here is a quick breakdown of what you need to do, while a more detailed version will be further down.
SafeMoon is a decentralized finance (DeFi) protocol that has three functions that take place during trading. Those include reflection, LP acquisition, and burn.
The project’s white paper notes that the way high APY LP farms are organized is a big problem of the emerging DeFi industry. Many of these farms do not have an easy way to onboard the newcomers to the space, as they simply can’t access the same benefits. This is why SafeMoon is trying to use the idea of static rewards, which essentially means that the rewards are conditional upon the volume of the token being traded. That would remove the pressure from the token that would otherwise occur whenever the tokens get sold.
Furthermore, SafeMoon holders also get incentives to keep their tokens for longer periods, so HODLing is encouraged and incentivised quite strongly. Meanwhile, the protocol gets a certain level of stability thanks to the project’s automatic LP, which provides a price floor or cushion, so token holders do not have to worry about it sinking to previously unknown depths.
The protocol comes as a combination of auto-liquidity generating protocol and RFI tokenomics, although it does have plans to expand and create an NFT exchange, which might mark a major change in the way the company is viewed. Other than the exchange, SafeMoon also has plans to start charity projects too, and potentially crypto educational apps.
The project also offers a great opportunity to earn passive income. The more coins users have, the more they earn as they move forward. The project claims that users can go as high as an 80% APY, which is something that traditional banking simply cannot match under any circumstances.
If all that is not enough, then we can also note that SafeMoon protocol is designed in a way the ensures that its value will grow over time thanks to coin burning, which makes it deflationary crypto. Plus, it plans to expand to add a coin launchpad, in addition to its own NFT marketplace. In other words, the project has a very ambitious roadmap figured out, and it is working towards achieving things. Having a plan is always good, but having an ambitious plan and achieving milestones is even better.
There are several things that you need to keep in mind when calculating your SafeMoon crypto buy. The first one, of course, is the coin’s price, which is $0.000004117 at the time of writing. So, by multiplying that figure with the number of coins you wish to purchase, you can easily calculate the amount that you need to spend.
With that said, you must also include any fees that you might have to pay along the way, whether it is only network fees, or exchange trading fees also. And, finally, depending on which platform you select, there might be a limit on how little you can deposit, or even invest. Some platforms have minimum deposits and investments that you have to match or exceed in order to proceed, so definitely make sure that you know if such requirements exist.
While PayPal did add support for crypto about a year ago, and it even started to expand its crypto services outside of the US — it still offers very limited support for digital coins. Only a few of the largest and most popular cryptos are available, and SafeMoon, unfortunately, is not among them at this time.
So, if you want to use PayPal to purchase SAFEMOON, you can only do it through P2P platforms, where another trader would send their SafeMoon coins to you directly, while you would pay them from your PayPal to theirs. Since PayPal does not collaborate with crypto platforms, there are no other options if you wish to use this payment method.
Buying Safemoon with Bitcoin is very simple, but doing so will mean that you are required to use an exchange that features both coins. It would be preferable if the coins were also paired against one another so that you don’t have to exchange BTC for another coin that is paired with SafeMoon.
But, that is also an option if a direct pair is not available. If you do have a direct pair, you can simply enter a position to exchange one coin for another, and if there is no pair available, you need to exchange BTC for one of the coins that are paired against SafeMoon, and then enter a position to exchange that coin for SafeMoon.
Your priority when buying SafeMoon, just like when buying any other cryptocurrency, or even every other asset, is to do it safely. You are working with your hard-earned money, after all, and there are already plenty of risks in finance, as we will mention in the next segment. So, reducing the risks and buying cryptocurrencies safely is your top priority.
The best thing you can do is go for regulated platforms. Most major exchanges are regulated, and while we do propose Binance for buying SafeMoon, we should note that the exchange is not fully regulated, even though there are some regulations for the exchange. However, Binance has millions of users around the world, and it is the world’s largest exchange by market cap. As such, it can be considered safe, as people simply wouldn’t use it otherwise.
Another thing to keep in mind is that you need to transfer your SafeMoon to one of the SafeMoon wallets after purchasing it. Withdrawing your coins from the exchange to SafeMoon wallets will make you the sole owner and manager of your coins, which means that they will be as safe as they can get, provided that you know how to secure your wallet.
While a SafeMoon buy offers plenty of potentials, you should be aware of the fact that there are risks associated with crypto investing. For example, there is always a risk caused by the high volatility of cryptocurrencies, which can make the coins’ prices go up and down unexpectedly. This can be triggered by any event, or even by crypto whales who might engage in price manipulation. And, since most coins still follow Bitcoin’s lead, it is not enough to only keep a close eye on SafeMoon itself, but also on BTC, and the crypto market, in general.
Next, if you buy SafeMoon crypto, you might want to try trading it with leverage. This is typically quite profitable for traders who know how to handle the risks, but the greater the leverage you use, the risks themselves become greater. When it comes to trading with leverage, it is usually done through CFDs, and that means that you can make a profit whether or not the price is going up or down, as long as you can accurately predict its movement. In other words, SafeMoon price prediction is the most important thing here.
If your SafeMoon price prediction is on-point, you can make major profits, but the bigger the leverage you use — the smaller your room for mistakes gets. This is why your SafeMoon price prediction must be extremely accurate, and why you probably shouldn’t engage in trading with leverage until you have enough experience to consider yourself a crypto expert. Instead, simply buy SafeMoon crypto in a regular, traditional way, since even that is risky enough for new traders.
Once you buy SafeMoon crypto and get a hang of SafeMoon price prediction, you can use it to predict when the price is going to go up or down. If you are confident that the price is near its high point, and that a correction will soon start — that is the right time to sell your SafeMoon, and take available profits.
Then, use them to engage in another Safemoon buy once the price hits its bottom, as that would allow you to get more than what you had before, and repeat the process. You can perform both SafeMoon buy and sell activities on Binance, simply by selecting the appropriate button and filling out the details
If you came here with a question “Where can I buy SafeMoon?”, then by now you probably could have guessed that our main suggestion will be the Binance crypto exchange. It is our top choice for a SafeMoon buy or sell activities, and we are about to explain why.
Binance is an exchange that launched in 2017, during the first truly big bull run that the crypto industry has seen. Back in those days, Bitcoin skyrocketed from barely over $1500 to $20,000 in a matter of a few months and hitting that ATH started a global interest in crypto that is still echoing today.
As for Binance itself, it was founded in Hong Kong, but it soon decided to leave its home country and try its luck in some crypto-friendlier jurisdictions. Today, it is a global leader among cryptocurrency exchanges, offering over 500 cryptocurrencies, with over 1,000 pairs on its main exchange. SafeMoon is, of course, among them, so if you were wondering can you buy SafeMoon on Binance — the answer is a strong yes at this point in time.
Over the years, Binance has been involved in some controversies, that much is true. However, the exchange has not given its users real reasons not to trust it, and for the most part, it appears that it only overstepped what it was allowed to do from the regulatory point of view. In 2021, for example, it was targeted by regulators around the world due to its offering of tokenized stocks, which were assets that many regulators felt it was not allowed to offer.
The platform does a pretty good job at balancing user-friendliness and advanced tools, which makes it a good solution for professionals and novices alike. It has excellent tools for performing detailed price analysis and other activities that experts appreciate when preparing their investment and trading strategies, but at the same time, navigation is also very simple.
Due to its troubles with the regulators, the exchange is now doing everything it can to play by the rules, which means that, in order to trade on it and make your SafeMoon buy and sell, you will first have to register and verify your identity. After that, you are free to deposit money and buy SafeMoon crypto whenever you wish.
Other than the main exchange, Binance offers quite a few other services. In fact, it has developed a massive and powerful ecosystem over the last four years, with subsidiaries and fiat-to-crypto exchanges in countries around the world, now servicing almost all continents. It also has its own launchpad, which was responsible for starting the IEO (Initial Exchange Offering) trend in January 2019, and it has two blockchains — Binance Chain, and Binance Smart Chain, with the former being its original chain on which its native BNB coin was launched, and the latter being a new, more modern chain that functions as a development platform, and allows the creation of dApps, DeFi protocols, NFTs, and more.
In fact, BSC is likely the biggest rival to Ethereum, with its own DeFi sector becoming more and more developed. The exchange allows you to deposit a minimum of $20 when using a credit or debit card, and its minimum investment is $10. If you decide to trade on it, you can expect to have to pay spreads of around 0.10%, although you can reduce this by as much as 40% if you have BNB coins in your possession.
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We will leave the question of “Should I buy SafeMoon” to you, but if you decide to go through with it, then this is what you have to do next.
Start by heading over to Binance’s platform and opening an account. Doing so is simple and quick, and you will first have to select your country of origin. After that, you can simply create your account by providing an email address and password.
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Next, you will have to verify your identity. Binance used to allow users to trade unverified, but in its pursuit of regulatory compliance, it now requires you to provide a valid ID that would confirm that you are who you claim to be. This is, of course, nothing new for services of this type, and the world’s largest exchanges and brokerages, such as eToro, have been requesting such information for years, decades even.
You can verify your identity by uploading your driver’s license or passport. Just make sure that the image is clear, that it matches your details, and that there are no parts of the ID that are hidden, covered, or censored in some way.
Once your account is verified, you will be able to deposit some money to the platform. You can choose between several payment methods, including bank transfers, credit/debit cards, or Adbcash Account Balance, among other methods. You can also deposit crypto directly on the exchange if you already have coins and wish to trade them right away.
Finally, it is time to find SafeMoon on the platform and head over to its page. Simply select the amount that you wish to buy, and press the Buy SAFEMOON button. If, however, you wish to use a trading strategy that requires setting up more complex orders and use risk management, you can also set up stop-loss or take profit orders.
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If you wish to buy SafeMoon crypto with your debit card, then Binance is the best option available. Obviously, that means that the answer to the question “can you buy SafeMoon on Binance” is yes. Keep in mind that, while Binance is considered a legitimate exchange, there are still risks associated with crypto purchases.
This is simply due to the nature of the industry, and not something that even Binance has any control over. But, if you are familiar with the methods of risk management and you know what you are doing, then, by all means, make your SafeMoon price prediction and use any upcoming opportunity to earn by trading this coin.
The easiest way to buy SafeMoon is via Binance, the world’s largest crypto exchange by volume.
At the time of writing (November 8th, 2021) SafeMoon’s market cap sits at $2.473 billion, making it the 206th largest cryptocurrency by market cap.
Yes, you should create one of the SafeMoon wallets in order to safely store SafeMoon tokens after purchasing them on the trading platform.
SafeMoon was founded by John Karony, who currently acts as its CEO, according to his Twitter account.
Depending on the exchange you select and its minimum investment/deposit amount, you may need to invest a specific amount when buying SafeMoon, but if you select a platform without such limitations, you should be able to purchase whichever amount you wish.
Ali is an experienced writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profiled investment sites including CCN, Capital.com, BeInCrypto, Bitcoinist, and NewsBTC.
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