“How to buy SafeMoon” is a question many risk-tolerant investors are asking, especially since some claim the new lunar-inspired token could be the next Dogecoin. Safely aiming for the moon, SafeMoon supporters believe it could follow the same upward trajectory as Dogecoin. On top of that, David Portnoy — internet celebrity and founder of Barstool Sports — endorsed SafeMoon as his favorite meme token, causing the cryptocurrency to surge to new heights. Whether you missed the Dogecoin rally, or you simply want to diversify your cryptocurrency portfolio with a new trendy altcoin, we’ve got the scoop on how to buy SafeMoon.
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What is SafeMoon?
What is SafeMoon?
Before you hop on a nearby spaceship to a SafeMoon-supported crypto exchange, let’s whip out our metaphorical telescopes and zoom in on what SafeMoon is all about. SafeMoon, which operates on the Binance Smart Chain blockchain, launched on March 8, 2021, but it took off like a rocket on Twitter and TikTok in mid-April, sparking interest among many crypto investors. On April 20, Binance even had to temporarily suspend withdrawals from its platform due to the sudden influx of SafeMoon investors. 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. 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. 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. According to CoinMarketCap, SafeMoon was trading at around $0.000002 on April 18. Two days later, SafeMoon skyrocketed to an all-time high of $0.00014 — an increase of nearly 7,000%. If you invested $1,600 into SafeMoon on March 22, you’d have a whopping $60,000 a month later.
How to buy SafeMoon on Trust Wallet
How to buy SafeMoon on Trust Wallet
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. For this guide, I’ll be using PancakeSwap as the primary exchange for SafeMoon. Convert BNB to Smart Chain via Trust Wallet
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