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How to buy SafeMoon [OLD] (SAFEMOON)

Learn how to buy SafeMoon [OLD] (SAFEMOON) in our step-by-step guide.

Where to buy SafeMoon [OLD]

It looks like SAFEMOON may not be available to purchase on an exchange in the US.

You can still purchase SAFEMOON by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

Decentralized 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 decentralized exchanges first if you're unfamiliar.

How to purchase SAFEMOON using a decentralized exchange.
  1. Find SAFEMOON on a decentralized 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.
  2. 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.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for SAFEMOON on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the SAFEMOON tokens will arrive in your wallet.
  6. 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 the US.

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.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

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.
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Today's SafeMoon [OLD] price versus ATH

Compare today's price of SafeMoon [OLD] ($0.00000 USD) against its all-time high (ATH) price of $0.00001094 on May 11, 2021. The closer the bar is to 100%, the closer SAFEMOON is to reaching its ATH again.

Current price: $0.00000
All time high: $0.00001094
1%
99%

Similar assets

Bitcoin

Bitcoin

$27,318.00

+$133.33 (0.49%)

Ethereum

Ethereum

$1,778.13

+$60.56 (3.53%)

Tether

Tether

$1.00

-$0.0006 (-0.06%)

BNB

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$313.46

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USD Coin

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$1.00

+$0.0008 (0.08%)
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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