Are you someone who is willing to invest in SafeMoon but not sure how to buy it on Crypto.com? Well, this article is for you, let us see how to buy SafeMoon on Crypto.com.
Experts suggest that SafeMoon has the potential to gain popularity, and if it does, its value may rise to the moon. If you retain SafeMoon for a long time, the reflections will also be advantageous to you because you receive a share as a commission when other users sell their tokens.
To buy SafeMoon on Crypto.com, Link Crypto.com to DeFi wallet > Go to buy tab > Select coin > Click Buy Now > Choose credit or debit card > Enter the amount > Approve the purchase > Enter passcode > Wait for the coins to come > Order status shows “completed” > Check your balance in the wallet.
Continue reading to understand how to buy SafeMoon on Crypto.com and what steps are involved in buying.
How To Buy SafeMoon On Crypto.Com?
Firstly Link Crypto.com to DeFi wallet then Go to Buy tab now Select coin and Click Buy Now then Choose credit or debit card and Enter the amount now Approve the purchase after that Enter passcode and Wait for the coins to come now Order status shows “completed” now Check your balance in the wallet.
Can you buy safemoon on crypto com lets know! The SafeMoon meme coin was introduced with the intention of preventing users from selling it. For the long-term and initial holders of the tokens, SafeMoon established a compensation mechanism. 10% penalty exchange charges will be incurred by those who sell tokens, and 5% of these punishment exchange charges will be distributed to the existing token holders. This plan is designed to prevent the sale of coins and encourage ownership of them instead. The proposal gives the present coin owners more benefits while forcing merchants to pause before they sell them.
SafeMoon can be purchased through cryptocurrency exchanges like Crypto.com through DeFi wallet. It is a non-custodial wallet where tokens owned by users can be flexibly stored, traded, and earned interest by
multi-layered security measures of Crypto.com. So lets know how to buy safemoon crypto.
To buy SafeMoon:
Step 1: Link your Crypto.com App account to DeFi wallet.
- For the coin, you wish to purchase, choose the wallet.
- Connect your Crypto.com App account to the wallet. Please be aware that each wallet can never have more than one account associated with the Crypto.com App.
- Verify that the credit or debit card you intend to use for your purchase is linked in the Crypto.com App. Adding the card to the app is necessary if not.
- Follow these steps carefully because these are very important steps to know how to buy safemoon crypto.
Step 2: To view all the coins accepted in your region, use the “Buy” tab from the bottom navigation bar.
Step 3: In the Top Coins area, choose the coin you want to buy, or click the “Buy Now” option.
- If the coin is supported by two or more networks, you must choose your preferred network and you will not see the Network Selection option if the coin is only supported on one network.
Step 4: Choose the credit or debit card you want to use and enter the purchase amount. Note that your Crypto.com account also has a purchase limit.
Step 5: You have 15 seconds to look over the information and approve your purchase.
Step 6: Enter the passcode for your Crypto.com App account. After that, depending on what your credit/debit card provider requires, you might have to finish the 3DS verification process.
Step 7: Wait patiently for your coins to come.
Step 8: The processing time may vary because your purchase is an on-chain transaction. As soon as you receive the coins, the order status will change to “Completed.”
Step 9: Going to the Wallet will allow you to check your balance.
Follow these steps and it will help you to know about can i buy safemoon on crypto com.
With these above-mentioned simple steps, you can buy SafeMoon on Crypto.com.
Now you know about can you buy safemoon on crypto.com. Many well-known exchanges, like Coinbase and Gemini, do not support the asset on their platforms since SafeMoon is a new and debatable digital token. In that case, you need to create a wallet through MetaMask or Trust Wallet and create a Binance Smart Chain wallet address. Then, buy Binance tokens and convert them to Safemoon by purchasing Binance tokens (BNB), then exchange them for Safemoon using a decentralized exchange like PancakeSwap or Safemoon Swap.
How To Buy Safemoon On Trust Wallet?
What Are The Pros And Cons Of Buying SafeMoon?
Here are safemoon pros and cons:
Pros
- When other holders sell their tokens, a percentage of the selling fee goes to coin holders
- The SafeMoon V2 update that reduced transaction fees might increase SafeMoon’s appeal to exchanges
- Boosts the price and demand for tokens by decreasing their quantity
Cons
- Due to its extreme volatility, the price might quickly rise and fall
- It is not available on many cryptocurrency exchanges
- Additionally, SafeMoon is less liquid and requires more work to transfer into cash because you must first convert it to BNB
Wrapping Up
Since a lot of crypto exchanges do not support SafeMoon, you need to swap BNS in a decentralized exchange in order to acquire SafeMoon. Thankfully, Crypto.com has SafeMoon listed in its app and we hope this article has provided you with step-by-step explanations on how to buy SafeMoon on Crypto.com. For more informative and interesting articles, check out our website at Deasilex.
Frequently Asked Questions
Q1. Why Should I Use Safemoon Wallet?
Ans. Your money and collection will be safe with the Safemoon Wallet and you will feel secure whenever sending or receiving. You can buy safemoon through trustwallet. It clears your issue how to buy safemoon trust wallet.
Q2. Why Is Safemoon At V2?
Ans. SafeMoon introduced SafeMoon V2, an improved version of the token, in December 2021. The new token promises to greatly reduce transaction costs while consolidating the existing token at a ratio of 1 to 1000.
Q3. What Price Did SafeMoon Start?
Ans. Launched on March 8th, 2021, SafeMoon has an initial price of $0.000000001.
Q4. Can You Buy Safemoon With Smart Chain?
Ans. A Defi cryptocurrency token called Safemoon is offered on the Binance smart chain network. It cannot be purchased directly with any fiat money; instead, you must swap your BNC for it. The smartphone app Trust wallet is the one that its creators advise using to purchase Safemoon and save it for investments.
Q5. How Can I Get Free Coins For Safemoon?
Step 1: Participate in the Buyucoin Referral Program where there is no hidden fees or costs.
Step 2: Finish your KYC by entering your basic KYC information to verify your account.
Step 3: Add a bank account and fill Up Your BuyUcoin Wallet With Cash.
This is how to buy safemoon coin and you can use trust wallet to buy coins. this help you to know about how to buy safemoon on trust wallet.
