How to buy safemoon coin is one of the most trending questions people ask nowadays, and this article will guide you through the best methods you can use to buy and sell safemoon.
Note: This is not financial advice. This how-to article is for educational purposes only. Please note that cryptocurrency is a highly volatile asset class; only invest what you can afford to lose.
What is Safemoon?
SafeMoon is classified as a decentralized finance (DeFi) token. Decentralized finance, by the way, is a cryptocurrency movement that seeks to offer an alternative financial system that dodges centralization (ie, management by one authoritative system like banks and government bodies).
Recently, safemoon has a high trend and many investors backed ou buy selling off their investments in a short time. But, that doesn’t mean the coin isn’t going to see the greens anymore.
Investors are going back for it in a very strnog way.
Shortly, I will share with you the purpose of this writing which is, how to buy safemoon coin.
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Best ways To Buy Safemoon Coin
I will be using trustwallet as an example;
Open a binance account and buy a little BNB of least $10 (minimum order on binance is $10).
Buy BNB on binace and send to your trustwallet BNB wallet.
After it’s been received on trustwallet BNB wallet, Convert it to Binance smartchain as seen in the image below.
After conversion, it will appear in your BNB smartchain wallet on your trustwallet app.
Then, click on DAPPS from the menu below your trustwallet app and enter www.pancakeswap.com and visit.
Connect the pancakeSwap website with your trustwallet and select exchange cyptocurrency.
Choose BNB smartchain and as well select Safemoon on the othe exchange to list.
Enter the amount of BNB you want to exchange for safemoon and click on swap.
Approve the swap on the next page and the equivalent safemoon coins will be credited to your safemoon wallet on trustwallet.
The same procedure goes for selling safemoon as well. Buying safemoon on dip is best choice, but kindly note that investing amount you can’t afford to lose is risky.