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How to buy SafeCoin (SAFE) in South Africa

Learn how to buy SafeCoin (SAFE) in our step-by-step guide.

Where to buy SafeCoin in South Africa

Unfortunately, at this time no major exchanges in South Africa offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best SafeCoin wallets to store your SAFE

You can keep your SAFE 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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is SafeCoin a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of SAFE may want to consider the following:

  • Solana dependant: SafeCoin is trying to become a more accessible version of the Solana blockchain. However, due to the fine link between these two projects, what happens to Solana could affect what happens to SafeCoin. If there are any issues or concerns with regard to Solana, those issues might negatively influence the price of the native SAFE token. It may also deter developers from using the blockchain for the deployment of decentralised applications (dApps).
  • Active community: Knowing about the latest updates is an important aspect of any community-driven project. Social media activity is now a prime place for understanding how a network works, or even to see if the founders and team are still updating the code and participating. As a result, SafeCoin’s team is constantly doing ‘Ask Me Anythings’ (AMAs), publishing new improvements, and is very interested in keeping those involved in the project up to date with their latest innovations.
  • Transition from Proof-of-Work to Proof-of-Stake: SafeCoin was originally a Proof-of-Work blockchain when it first launched in 2018. It was only in 2021 that the blockchain transitioned to Proof-of-Stake. Like other PoS networks, each validator is rewarded with SAFE coins for securing and supporting the blockchain. The transition from PoW to PoS is encouraging to see as it shows a clear intention to innovate and compete with the very best layer-1 blockchains that currently exist within the ecosystem.
  • Small number of dApps: As a layer-1 smart contract blockchain, SafeCoin is intended for the deployment of decentralised applications (dApps). So far there are only native applications that have launched using the blockchain - SafeChat and SafeTrade. Potential investors should pay close attention to any dApps that may launch on the network in the future. The more dApps that are launched, the more demand there could be for the SAFE coin.

Additional information about SafeCoin can be found using our SAFE analysis tools.

Today's SafeCoin price versus ATH

Compare today's price of SafeCoin ($0.098998 USD) against its all-time-high price of $2.11 USD on 19 January 2022. The closer the bar is to 100%, the closer SAFE is to reaching its ATH again.

SafeCoin's price: $0.098998
ATH date: January 19, 2022
4.69%

SafeCoin ATH: $2.11


How to trade, convert or sell SafeCoin

You can convert or sell your SAFE with the same exchange you bought it through:
  1. Sign in to the exchange you have SAFE on.
  2. If you store your SafeCoin in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of SAFE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of SafeCoin.
  6. Complete your transaction and move your SAFE to a wallet for storage.

Disclaimer: Cryptocurrencies, including SafeCoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAFE 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 SafeCoin or any other cryptocurrency discussed.

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