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How to buy SafeMoon [OLD] (SAFEMOON) in South Africa

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

    You can buy SafeMoon [OLD] (SAFEMOON) on a cryptocurrency exchange like Gate.io. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. SafeMoon is a decentralised finance (DeFi) token built on top of the Binance Smart Chain (BSC) blockchain. Here's how to buy SafeMoon [OLD].

    How to buy SafeMoon [OLD] in 4 easy steps

    The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

    1. Compare crypto exchanges
      The easiest way to buy SafeMoon [OLD] is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
    2. Create an account
      To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
    3. Make a deposit
      Once verified, you can deposit R using the payment method that best suits you – cryptocurrency payments are widely accepted.
    4. Buy SafeMoon [OLD]
      You can now exchange your funds for SafeMoon [OLD]. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your SafeMoon [OLD] to your personal wallet.
    Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

    Where to buy SafeMoon [OLD] in South Africa

    Find an exchange to buy, sell and trade SAFEMOON by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

    1 - 1 of 1
    Name Product Deposit methods Fiat Currencies Cryptocurrencies
    Gate.io Cryptocurrency Exchange
    Gate.io Cryptocurrency Exchange
    Cryptocurrency
    USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

    1510
    cryptocurrencies

    Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
    A feature-rich exchange with over 1,450 tokens including derivatives, yield farming and lending products.
    Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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    Compare up to 4 providers

    How do I find the best places to buy SafeMoon [OLD]?

    Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in South Africa to help you choose the one that's right for you.

    Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

    What will I need to buy SafeMoon [OLD]?

    To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

    An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading SafeMoon [OLD].

    • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
    • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing SAFEMOON with your local currency then you will need to pass KYC.
    • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

    What are the best ways to buy SafeMoon [OLD]?

    Once you've created an account, you will need to deposit funds to buy SAFEMOON with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy SAFEMOON:

    • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
    • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
    • Cryptocurrency: You can usually purchase SAFEMOON by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for SAFEMOON on the spot market to see what cryptocurrencies it can be traded for.

    What is the easiest way to buy SafeMoon [OLD]?

    The easiest way to buy SAFEMOON is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

    Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

    Before buying SAFEMOON, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of SafeMoon [OLD] has been performing recently.

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    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

    Go to site
    Go to site

    Supported assets

    5,500+

    Supported assets

    1,450+

    Price (USD)

    $149

    Price (USD)

    $213

    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.

    Additional information about SafeMoon [OLD] can be found using our SAFEMOON analysis tools.

    Today's SafeMoon [OLD] price versus ATH

    Compare today's price of SafeMoon [OLD] ($6.126e-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: $6.126e-9
    ATH date: May 11, 2021
    0.06%

    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:
    1. Sign in to the exchange you have SAFEMOON on.
    2. If you store your SafeMoon [OLD] 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 SAFEMOON you'd like to convert or sell.
    5. Confirm the sell price and fees and close your sale of SafeMoon [OLD].
    6. 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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