Ever since Safemoon’s introduction in March 2021, it has consistently made headlines, gaining support from notable figures such as Nick Carter and Jake Paul, while also attracting concerns from others regarding the token’s security.
Navigating the multitude of online platforms for purchasing cryptocurrencies can be challenging, especially when it comes to acquiring Safemoon tokens securely.
To simplify the process, we have compiled a straightforward, step-by-step guide for purchasing Safemoon coins online.
How To Buy Safemoon
To buy SAFEMOON, use an altcoin exchange like PancakeSwap, as it’s not available on mainstream platforms like Coinbase or Binance.
Start by purchasing Bitcoin on CryptoWallet.com with fiat money and then transfer it to the altcoin exchange for SAFEMOON trading.
Our mobile app makes this process convenient from anywhere.
Step 1: Register On Fiat-To-Crypto Exchange
First, set up an account on a Fiat-to-Crypto exchange like CryptoWallet.com.
Use the desktop or mobile app to buy the top 5 cryptocurrencies (BTC, ETH, XRP, LTC, USDT) with your credit or debit card.
To register on CryptoWallet.com:
- Click New Account at the top of the CryptoWallet.com webpage to register for your account – you’ll need to provide proof of identity for this.
- Once registered you will be taken through the steps to set up your cryptocurrency wallet and a secure seed phrase to help you recover access to your funds if you ever need it.
- When the verification process is complete you’ll be all set to buy BTC tokens right away!
Step 2: Buy BTC With Fiat Money
Buy BTC tokens on our website or app! Transfer fiat money to your crypto wallet using a credit or debit card.
Head to the cryptocurrency exchange, choose the amount and price for BTC tokens, click select, and they’ll be added to your wallet after a short settlement period on the blockchain.
Step 3: Transfer BTC To An Altcoin Exchange
Get BTC tokens and trade them for SAFEMOON online through altcoin exchanges like Gate.io, MEXC, or BitMart.
Check various exchange rates for the best BTC-SAFEMOON trade price. Use a wallet on the altcoin exchange or Trust Wallet (available on Google Play) to store both BTC and SAFEMOON tokens.
Transfer BTC tokens to the wallet and trade for SAFEMOON on the exchange.
Last Step: Store Safemoon Securely
Securing your crypto tokens is crucial.
Use a secure wallet to prevent unauthorized access. Beware of fake wallets targeting lesser-known altcoins.
Explore secure options like hardware (cold) or software (hot) wallets with private and public keys for fund transactions.
Hot Wallet vs. Cold Wallet
Cold wallets, like Trezor, offer top-notch security by storing keys offline in a physical device.
However, they can be inconvenient to access quickly.
Hot wallets, accessible online, are more convenient but are prone to hacks.
Exchanges often secure funds for safety.
Many prefer holding major cryptocurrencies in a secure wallet and use a secondary wallet, like CryptoWallet.com, for trading altcoins such as SAFEMOON on the go with a mobile app or spending with a crypto card worldwide.
Read more: Does Crypto.com send 1099?
Other Useful Tools For Trading Safemoon
Safemoon tokens are tradable on various Decentralized Exchanges (DEXs) operating on the Binance Smart Chain, eliminating the need for intermediaries in crypto token transactions.
Examples of such DEXs include Pancake Swap and BiSwap, where BEP-20 tokens like SAFEMOON can be exchanged.
To engage in trading, one must possess Binance Smart Chain tokens, such as BNB or another BEP-20 token.
Additionally, many cryptocurrency traders opt for VPN services to enhance anonymity during their crypto transactions.
With a plethora of VPN options available, conducting thorough research is crucial.
Employing a VPN can prove to be a valuable asset for enhancing privacy in online crypto trading.