Where to buy SafeMoon [OLD] in Canada
It looks like SAFEMOON may not be available to purchase on an exchange in Canada.
You can still purchase SAFEMOON by using a decentralised exchange (DEX) instead. decentralised exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.
Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.
How to purchase SAFEMOON using a decentralised exchange.
- Find SAFEMOON on a decentralised exchange and make sure SafeMoon [OLD] can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
- Buy BNB to trade for SAFEMOON using an exchange like Crypto.com. You will need to purchase enough BNB to swap for SAFEMOON as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
- Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade BNB for SAFEMOON on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
- Wait for the transaction to finalise and the SAFEMOON tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.
Best SafeMoon [OLD] wallets to store your SAFEMOON
You can keep your SAFEMOON on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your SAFEMOON below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Is SafeMoon [OLD] a good investment?
Cryptocurrency investments can be extremely volatile. It's important to consider both the upsides and the risks before any purchase. Here are some things to consider before buying SAFEMOON:- Novel design infrastructure: The SafeMoon protocol implements different technological modules. These include RFI tokenomics and an auto-liquidity-generating protocol. This combination helps provide its users with a seamless DeFi experience. It's a novel but yet untested approach among cryptocurrency projects.
- Operational framework: According to the whitepaper, SafeMoon wants to make it easier for newcomers to make use of high APY liquidity pools. To help achieve this, the platform employs a static reward model, which helps relieve a lot of the selling pressure that digital currencies face when large scale liquidations occur.
- Incentive-driven: SafeMoon employs a novel reflect mechanism that helps provide token owners with massive incentives to accrue and hold onto their digital assets. The platform’s Automatic LP module helps usher in a high level of stability to the token by providing a degree of price flooring/cushion.
- Liquidity-centric operations: As mentioned previously, each SafeMoon transaction incurs a flat 10% fee of which 50% is redistributed to other token holders. According to Benzinga, the remaining 50% is split between purchasing BNB reserves and adding liquidity to the PancakeSwap network.
- Leadership team: The project’s CEO John Karony previously worked for the United States Department of Defence (DoD) as a technical analyst. SafeMoon’s Chief Technology Officer Thomas Smith and its community manager Trevor Church have been affiliated with many tech firms and also run an independent video game studio called TANO.
Today's SafeMoon [OLD] price versus ATH
Compare today's price of SafeMoon [OLD] ($5.406e-9 USD) against its all-time-high price of $0.00001094 USD on 11 May 2021. The closer the bar is to 100%, the closer SAFEMOON is to reaching its ATH again.
SafeMoon [OLD]'s price: $5.406e-9
ATH date: May 11, 2021
ATH date: May 11, 2021
0.05%
SafeMoon [OLD] ATH: $0.00001094
How to trade, convert or sell SafeMoon [OLD]
You can convert or sell your SAFEMOON with the same exchange you bought it through:- Sign in to the exchange you have SAFEMOON on.
- If you store your SafeMoon [OLD] in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of SAFEMOON you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of SafeMoon [OLD].
- Complete your transaction and move your SAFEMOON to a wallet for storage.
Disclaimer: Cryptocurrencies, including SafeMoon [OLD], are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAFEMOON is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the SafeMoon [OLD] or any other cryptocurrency discussed.
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