The SafeMoon token has declined in the last seven straight weeks and the circumstances are deteriorating. The Safemoon price is in a sharp drop as investors question whether the coin will endure the ongoing bearish market. On the Gate.io exchange, you can buy, sell and trade the SafeMoon token. Sellers of the token are usually charged a levy. These charges were to be produced from the organization’s exercises. The guarantee was that holders would get compensated for simply holding the coin. As with any investment, you should assess your risk tolerance and act accordingly.SafeMoon was once high-flying digital money that was being supported by a large number of big names in 2021. Keep in mind that SafeMoon is still in its infancy, so while some are optimistic that it’s the next Dogecoin, others are skeptical - it’s just too early to tell whether SafeMoon is headed for greatness or ruin. ![]() Voila! You should see your SafeMoon tokens in the TrustWallet app. Under “Contract Address,” paste SafeMoon's Contract Address. Tap on “Add Custom Token.” Change the network from Ethereum to Smart Chain. Click the blue icon on the top-right corner and scroll to the bottom.Ĥ. Navigate back to TrustWallet’s main page. Exit PancakeSwap.Īt this point, you're probably wondering, "Okay great, I bought some SafeMoon, but where are they?" Don't worry! Follow these steps to enable SafeMoon in TrustWallet and confirm that you have them in your possession.ġ. Click on “View on BscScan.” The status bar should say “Success,” proving you successfully converted Smart Chain into SafeMoon. Tap “Swap” and “Confirm Swap.” This will prompt a “Transaction submitted” message to pop up.Ĩ. Tap on the icon next to the time symbol on the top-right corner, and as requested by PancakeSwap, set your slippage tolerance to 12%. How to buy SafeMoon (Image credit: Six Days LLC)Ħ. Open the app and tap “Create a new wallet.” Download the Trust: Crypto & Bitcoin Wallet app from the app store (on iOS and Android).Ģ. For this guide, I’ll be using PancakeSwap as the primary exchange for SafeMoon.Ĭonvert BNB to Smart Chain via Trust Walletġ. Purchasing SafeMoon isn’t the most straightforward process, but with these easy-to-follow, step-by-step instructions, you’ll have your tokens in no time. ![]() If you invested $1,600 into SafeMoon on March 22, you’d have a whopping $60,000 a month later. Two days later, SafeMoon skyrocketed to an all-time high of $0.00014 - an increase of nearly 7,000%. Crypto blogger Lou Bagel says the upside of SafeMoon is that you’ll keep making money as new people buy in, but the downside is that if no one buys SafeMoon, investors will receive 5% of zilch and the low demand will cause the price to plummet.Īccording to CoinMarketCap, SafeMoon was trading at around $0.000002 on April 18. SafeMoon was created to address several problems plaguing cryptocurrencies today, including price volatility and crypto investors’ bad habit of premature selling hence the 10% selling fee. Before you buy the trending token, you must know that SafeMoon penalizes sellers with a 10% fee, and redistributes half to other token holders to incentivize buying and holding.
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