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SafeMoon is a brand new cryptocurrency created with the aim of solving the price volatility problem that some cryptocurrencies face.
This article explains how to buy it, details what SafeMoon is, and why it can be a good investment. We’ll also explain how to buy it using our favorite brokerage platforms.
Want to know how to buy SafeMoon today? Simply read on!
How to buy SafeMoon in just 4 steps!
Want to know how to buy SafeMoon in France? You can use Binance to buy cryptocurrencies. Just follow these steps!
- Open an account on Binance
- Fund the account
- Select SafeMoon
- Invest in SafeMoon
What is SafeMoon?
SafeMoon defines itself as a « DeFi token. » It takes its name from the phrase « Safely to the Moon, » originally introduced by Dogecoin.
SafeMoon is a very new cryptocurrency, having only been launched in March 2021. It was created as a decentralized financial token that aims to solve the problems of price volatility, something other cryptocurrencies do not.
As of this writing, SafeMoon’s price is $0.000005173 and its market capitalization is $3 billion. SafeMoon has seen a fairly steady price increase since its introduction to the market.
SafeMoon exists solely on the blockchain and does not use any financial institution or currency as an intermediary. Its goal is to encourage peer-to-peer exchanges.
SafeMoon has a total supply of 1 quadrillion tokens.
How does SafeMoon work?
SafeMoon uses a protocol that discourages day trading of its tokens. This is in an effort to address the price volatility issue that most cryptocurrencies face. In fact, SafeMoon even has a type of reward process for those who hold their tokens for the long term.
Those who sell the tokens are hit with a 10% tax penalty, 5% of which is distributed to all current token holders. This process aims to limit the sale of their tokens and encourage their retention. The overall goal of this method is to help reduce the steep declines that are often caused by the sale of cryptocurrencies, leading to price fluctuations or even a market collapse.
SafeMoon’s website states: « Holders earn rewards passively through static reflection, as they watch their SafeMoon balance grow indefinitely. » This makes SafeMoon different from other existing cryptocurrencies. Instead of using a « digital burn » strategy, it uses a « manual burn » strategy to help control supply and be more beneficial to long-term investors.
The Future of SafeMoon
Given that SafeMoon is unique compared to other cryptocurrencies in its reward process for long-term investors, it may very well continue to increase in value as more people want to hold cryptocurrencies as a long-term investment rather than a short-term one.
For this reason, SafeMoon could be a successful cryptocurrency in the long run.
By now, you’re probably wondering how and where to buy SafeMoon, right? Well, read on to learn exactly how to do just that!
How to choose the right platform to buy Safemoon
Interested in learning how to buy SafeMoon? Below, we’ll walk you through several different platforms. We’ll also discuss the pros and cons of each.
1- Libertex- How to buy SafeMoon with Libertex
If you’re still wondering where to buy SafeMoon, Libertex is another very popular trading platform among cryptocurrency investors. Libertex is trusted by over 2.9 million users across 120 countries.
Although SafeMoon is not yet supported by Libertex, it is likely that you will be able to purchase SafeMoon on Libertex in the near future.
Libertex has been a trusted platform for over 20 years. It’s regulated by CySEC, so your money is safe on this platform.
Libertex traders can also take advantage of what is known as the MetaTrader 4 platform. With MetaTrader 4, traders have access to the MetaTrader Marketplace, a platform that uses algorithmic trading capabilities to make trading even simpler.
You don’t need more than €100 to start trading on Libertex. You can buy Stellar XLM, Bitcoin, and other cryptocurrencies with debit and credit cards, bank transfers, or credit cards. You should also soon be able to buy SafeMoon with PayPal.
Unfortunately, Libertex is not currently available for US traders.
Advantage
Disadvantages
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% of retail investors lose money when trading CFDs with this site. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2- Binance- How to buy SafeMoon on Binance
Binance is the world's largest cryptocurrency exchange. While you can't yet buy SafeMoon directly on Binance, this is likely to change in the near future. In the meantime, you can buy Stellar XLM, Bitcoin, and more, as well as trade hundreds of other cryptocurrency pairs.
Binance does have transaction fees, but they're still quite low, at just 0.1% per transaction. However, these fees are only charged when you deposit funds using another cryptocurrency. You can also choose to deposit via credit card, debit card, fiat currency, bank wire, or PayPal.
If you're wondering how to buy SafeMoon in France or other cryptocurrencies on Binance, the good news is that there are no fees when making a deposit using Fast Payments.
Deposits made with a credit or debit card incur a 1.8% surcharge.
There are also withdrawal fees on Binance. Withdrawals made via Fast Payments are subject to a £1.50 fee. For credit or debit card withdrawals, the fee is 1% of the total withdrawal amount.
Additionally, Binance offers educational materials for traders. The platform provides a sizable library with a wealth of information on cryptocurrency trading.
Advantage
Disadvantages
Why buy SafeMoon?
SafeMoon is one of the newest cryptocurrencies. However, despite its limited market presence, it has experienced significant growth.
This cryptocurrency is geared toward long-term investors, and those who capitalize on the token rather than sell it are rewarded for doing so. For this reason, SafeMoon can be a great cryptocurrency to buy, especially if you're looking for a long-term investment that could prove profitable in the future.
Predictions for SafeMoon
The future of SafeMoon looks rather positive. Those who have conducted a price analysis for SafeMoon seem to be cautiously optimistic about this cryptocurrency.
A forecast suggests that SafeMoon could reach a high of US$0.000067 by May 2022 and eventually reach US$0.000283 in about five years.
Another prediction predicts that by the end of 2021, SafeMoon could reach an average price of $0.00000914 and could go as high as $0.00003074 by the end of 2028.
Both predictions offer a fairly positive outlook for SafeMoon, which could make it a cryptocurrency worth investing in now.
If you're still curious about how to buy SafeMoon, read on to learn more about its stock history and our recommendations for buying it.
SafeMoon Price Analysis
SafeMoon's initial price was just $0.00000001 on March 8, 2021. Like many new cryptocurrencies, investors quickly became interested in this new token, and by early April, its value had reached $0.0000015. For about two weeks, the price remained roughly the same, but by mid-April, it had more than doubled, reaching just under $0.000029 on April 18.
However, this was nothing compared to what was to come next. On April 20, the price of SafeMoon skyrocketed to a high of $0.00001375, a 375% increase in just two days.
Unfortunately, the boom was short-lived, and on April 23, SafeMoon was trading at $0.000003656. This is a fairly significant drop of 73%, but the price is still higher than the previous week.
In May, the price more than doubled, rising from $0.000004143 to $0.000008924 in just three days. Since then, the price has fluctuated slightly, falling back to $0.000005173 at the time of writing.
Still wondering how to buy SafeMoon? Read on to learn how to buy SafeMoon from our selection of cryptocurrency trading platforms.
Should I buy SafeMoon?
There are a variety of reasons why it might be a good investment to buy SafeMoon.
While there are pros and cons to buying one, the pros far outweigh the cons. So, it might not be a bad idea to get one soon!
Advantage
Disadvantages
If you want to know how to buy SafeMoon and other cryptocurrencies, Binance is our top recommendation.
Those unsure how to buy SafeMoon and other cryptocurrencies can take advantage of Binance's wide selection of resources. A wide selection of educational materials available on their site can help you learn everything you need to know about cryptocurrency trading!
How to buy SafeMoon using Binance?
If you're wondering where to buy SafeMoon, it's worth taking a look at Binance. You should be able to buy SafeMoon very soon as it becomes available on the platform.
Creating a Binance account is extremely simple and only takes a few minutes. The platform is easy to navigate, even for beginners! This makes it our top choice among brokerage platforms!
Follow the three simple steps listed below and you will know how to get SafeMoon on Binance as soon as it becomes available.
1. Complete a Binance application
To get started, simply visit the Binance website and open an account. You'll need to fill out a short form to provide some basic information, such as your name, address, and contact information.
Additionally, you'll need to provide a valid ID and proof of address. This can be done directly on the Binance website in just a few minutes!
2. Deposit funds
An initial deposit made by credit/debit card, bank transfer or e-wallet is required.
Binance also has a cryptocurrency wallet where you can store your cryptocurrencies securely.
3. Invest in cryptocurrencies
You are now ready to buy SafeMoon and other cryptocurrencies!
Conclusion
SafeMoon is a brand new cryptocurrency that aims to solve the problem of price volatility in this type of product. This cryptocurrency offers a great way for long-term investors to benefit from the compounding of their SafeMoon investment through a unique rewards program.
SafeMoon has seen tremendous growth since its launch in March 2021 and has good potential as an investment.
Creating an account with Binance is very easy and only takes a few minutes. We highly recommend using Binance to buy SafeMoon and other cryptocurrencies!
FAQ
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