SafeMoon is one of the most famous cryptocurrencies you might find in 2022. Even though its name is not as popular as ETH (the Ethereum crypto) or Bitcoin, it might still be a convenient alternative just like LINK or MATIC would be.
The history of SafeMoon is not as colorful as Bitcoin’s. However, no crypto is – each one is unique in its way and SafeMoon is no exception. In this case, the cryptocurrency is possibly one of the newest alternatives you might find, but it’s still just as convenient as many others. The article focuses on how to buy it in 2022, where to do so, and what analysts say about the future of this coin.
- 1 Beginners’ Guide to Buy SafeMoon in 2022
- 2 What Is SafeMoon?
- 3 The History of SafeMoon
- 4 How Much Is SafeMoon
- 5 What You Need to Buy SafeMoon
- 6 Quick Guide to Buying SafeMoon
- 7 How to Trade Safemoon
- 8 SafeMoon Buying Methods
- 9 Buy SafeMoon with PayPal
- 10 Buy SafeMoon with Credit Card
- 11 Buy SafeMoon with Debit Card
- 12 SafeMoon Forecast
Beginners’ Guide to Buy SafeMoon in 2022
Buying SafeMoon is many people’s first option when they learn about the existence of this crypto. It’s not as flashy as some other cryptocurrency alternatives you might get, it provides you with potential benefits, and it’s still a safe coin to buy because a reputable team created it.
Even though SafeMoon is definitely under the radar when compared to other cryptocurrencies, this might be exactly what you’re looking for to balance out your investment portfolio. Read on and find out all the fundamentals about this token.
What Is SafeMoon?
SafeMoon is a specific cryptocurrency that you can purchase to add to your investment portfolio. Alternatively, you can also trade it or sell it if you don’t want to keep it.
Many people freak out when they notice that SafeMoon has been around for very little time. However, you should keep in mind that just because a cryptocurrency hasn’t existed for years doesn’t mean that it can’t represent a convenient investment alternative.
On this occasion, you will soon find out more about SafeMoon’s history and why it has grown so much in fame. At the same time, you should still keep in mind that it’s one of the safest cryptos you can go for in terms of purchasing process because it belongs to the Binance blockchain, unlike many other independently-made tokens.
The History of SafeMoon
SafeMoon has existed since 2021 (yes! As of 2022, it has only been around for a year!) and it’s a product of the Binance Smart Chain blockchain. Clearly, it stems from the Binance blockchain itself, which is enough to give you a good impression because Binance is one of the most notable names in the cryptocurrency world.
The name SafeMoon comes from the phrase ‘to fly to the moon,’ which, in turn, references the prospect of rising prices. This was initially a fantastic idea for a name, and the person who coined it and created this crypto was none other than a former analyst for the United States Department of Defense.
How Much Is SafeMoon
SafeMoon is currently $0.000528. Its lowest price was $0.000370 in January 2022, and its all-time high was $0.003382, also in January 2022.
What You Need to Buy SafeMoon
By now, you might be interested in buying SafeMoon, especially considering that you understand that it’s on the Binance blockchain.
Even so, there are a few things you must keep in mind. You can’t simply go to a bank a couple of blocks away from your home and ask the bankers to sell you a specific amount of cryptocurrency. Unfortunately, there is still a long way to go in the crypto world before that happens.
Instead, you need to follow specific steps if you want to acquire some crypto, and this is exactly what the following section describes in detail.
Quick Guide to Buying SafeMoon
Purchasing SafeMoon is possible through various platforms, which is immensely convenient if you want to evaluate more than one alternative.
Furthermore, buying SafeMoon might be a good alternative because it’s not very expensive crypto compared to others. Therefore, it doesn’t represent as much risk as some other tokens might.
To purchase the amount of SafeMoon you want, obey the following steps without skipping anything:
Decide Where to Buy SafeMoon
Firstly, you must choose the reputable platform where you want to buy SafeMoon. As was mentioned before, there are numerous alternatives. Nonetheless, it doesn’t mean that all of them are convenient. On the contrary, some options are a product of scammers’ purpose to keep your money, which is why you should be aware of where to buy the actual, reputable SafeMoon coin.
The best site to buy SafeMoon is, of course, through Binance. If you know anything about cryptocurrency, you have probably heard about it before. Some people know nothing about crypto and they still know the name, which says a lot about this platform.
One of the best things about Binance is that it offers numerous alternatives. It’s, in fact, one of the sites to give you more cryptocurrencies to examine, buy, and sell, and this is definitely a convenient advantage to keep in mind, especially if you want to trade.
However, if you’re here for SafeMoon only, you might not really care about the possibility of buying other cryptos. In this case, now that you’ve chosen Binance as your go-to platform to make your purchase, you can proceed with the next step.
Verify Your Account
After picking Binance, you need to open an account on the platform before you try making any purchases. Once you set up your profile, you will also need to comply with Binance’s verification features to enjoy all the perks that it offers you, including SafeMoon.
Verifying your account should not take long. Overall, this is a very straightforward process, and what’s important is that you fill out the information that the site asks of you to guarantee that you are who you say you are.
Make Your Purchase
The moment you’ve been waiting for is finally here – you can buy SafeMoon with Binance! In this step, you only need to choose SafeMoon among the different crypto options that the platform offers you. Then, pick the payment method you prefer, decide how much you’re going to buy, and complete your purchase!
Think about Storage
Storage is the one thing that slips investors’ and traders’ minds when they buy crypto. Unfortunately, it’s something you need to think about because you will require a specific place to put your coins in.
However, you don’t need to fear. You can quickly store your tokens in a digital wallet, and it’s a safe, convenient, and straightforward option to examine.
Digital wallets exist primarily to allow traders and investors to store digital products. When you have one, you often get two access keys – one to examine the wallet itself, and one that you must use whenever you want to make a transaction.
Since no one else has your wallet keys but you, suffering from fraud and other common online issues is highly unlikely. However, you are at risk of having different kinds of problems. If you, for example, lose your key, you might lose your assets forever because there is no copy of it or way to retrieve it.
Make sure you get as much information as you possibly can before starting to buy SafeMoon and storing it in a digital wallet. It’s certainly a convenient option because you can expand your cryptocurrency and investment portfolio, but it doesn’t mean you should go in blindly!
How to Trade Safemoon
Some people don’t want to buy cryptocurrencies to keep them indefinitely. Instead, they prefer trading them, which consists of buying, analyzing the market to spot specific trends, and selling the cryptos back to try to make a profit.
If this sounds more like what you want to do, congratulations! You can also do it with SafeMoon as long as you follow specific steps, which will be described shortly:
Find a Broker
Firstly, you need to find a reputable broker, which allows you to buy as much crypto as you want without worrying about scams or similar issues.
Trustworthy brokers are out there, but you have to make sure that you know how to spot them. Unfortunately, there are also thousands of people who don’t have the best intentions at heart when they make online trading sites, so you must be aware of this when you get started.
Fund Your Account
Once you identify a reputable broker with a lot of positive comments, you need to open an account and fund it.
On many occasions, opening an account requires you to fill out specific information about yourself, such as your email, full name, and phone number. After that, you might need to choose a username and password and verify your profile.
The specific steps for verification vary on the platform you’re using, but in most cases, you have to either click on a link that you get on an email or provide specific documentation to prove your identity.
Once you verify your account, you’re able to fund it, which basically means that you can put some money in it to begin trading. As you might already know, you can’t trade if you don’t fund your account because you have no assets to buy cryptos with, so everything about this step is essential since without it you cannot proceed.
The next step is straightforward – the platform you chose will probably give you numerous crypto options for you to trade. If you want to focus on SafeMoon, choose that one, pick how much of it you want to buy, and start analyzing market trends to decide when you should resell.
SafeMoon Buying Methods
This article has so far discussed general aspects of SafeMoon, including what it is, its history, and even how to buy it or trade it. However, there is an essential factor that you don’t know yet – how are you supposed to pay for it?
Numerous traders need to understand the payment options they have available when they use a platform because they might not have alternatives compatible with those, depending on what the site offers. Therefore, examining what Binance gives you in terms of methods to pay is essential. Here is what you can choose from:
Buy SafeMoon with PayPal
There are numerous trading platforms out there, but not all of them offer PayPal as a valid payment method, and Binance certainly does. This is one of the best advantages of this site because PayPal is an almost global way to make online payments.
To pay with PayPal, all you need to have is, of course, a PayPal account and a Binance one. Choose your account as your preferred payment method after you select SafeMoon and proceed with your purchase!
Buy SafeMoon with Credit Card
The second option you get with Binance is paying with a credit card, and this is also immensely convenient if you have one with funds available and want to put them to good use by investing in some crypto.
If you don’t have a Binance account already, you have to open it and verify it before trying to buy SafeMoon. Once you do, select ‘credit card’ as the payment method of your choice, fill out your card information, and make your purchase!
Buy SafeMoon with Debit Card
The last payment method that Binance offers you is paying via debit card, and in this case, the process is the same as making credit card payments. What’s different is the card information you’re going to fill out.
Analysts have examined SafeMoon’s tendencies ever since it originated in 2021. It has had its lows like any other cryptocurrency, but overall, experts say that it can reach $1 by the end of 2022.
There is no way to determine whether a crypto’s price will rise, stay the same, or plop down. However, analysts consider specific market trends to make their predictions, and you should keep this information in mind when you’re choosing the cryptos you want to buy. In this case, SafeMoon might be the ideal option for you!
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