Safemoon is a decentralized finance (DeFi) token, according to its website. This means it’s a part of an alternative financial system that allows people to trade on peer-to-peer chain networks without the involvement of centralized institutions like banks or governments.
We’ll go through how to buy SafeMoon on different exchanges in this article. Of course, you’ll need more information before opening a cryptocurrency trading account. We go over the finest beginner-friendly crypto exchange platforms in the Philippines below:
Contents
- 1 Best Exchanges to Buy Safemoon in the Philippines
- 2 Using Trust Wallet in the Philippines
- 3 How to Buy Safemoon Using Trust Wallet
- 4 Trust Wallet Pros
- 5 Trust Wallet Cons
- 6 Using Binance in the Philippines
- 7 How to Buy Safemoon Using Binance
- 8 Binance Pros
- 9 Binance Cons
- 10 Using Coinmama in the Philippines
- 11 How to Buy Safemoon Using Coinmama
- 12 Coinmama Pros
- 13 Coinmama Cons
- 14 Using BitMart in the Philippines
- 15 How to Buy Safemoon Using BitMart
- 16 BitMart Pros
- 17 BitMart Cons
- 18 Using Kuna in the Philippines
- 19 How to Buy Safemoon Using Kuna
- 20 Kuna Pros
- 21 Kuna Cons
- 22 Conclusion
Best Exchanges to Buy Safemoon in the Philippines
Essentially, we compared trading fees, listed coins, restrictions, payment methods, and more to find the best Philippines Safemoon exchanges.
Using Trust Wallet in the Philippines
Trust Wallet is an Ethereum (ETH) and ERC20/ERC223 token mobile wallet firm. It provides a full security verified system that makes storing your cryptocurrency easy. The platform offers an app for iOS and Android that you can trust to deliver the best possible experience and convenience of use.
How to Buy Safemoon Using Trust Wallet
Step 1: Create a Trust Wallet Account
The first step is to find and download the app from your preferred app store. After that, simply launch the app and tap the “Create a new wallet” option to follow the steps.
Step 2: Set up Trust Wallet
The next step is to create your 12-word recovery phrase, which will serve as a backup password for your wallet. Additionally, you must confirm the 12-word recovery phrase in the correct order to complete the Trust Wallet setup.
Step 3: Make a Deposit
You can add BNB through a bank card to Trust Wallet to purchase SafeMoon. One can use MoonPay, Ramp, and Transak to pay with Trust Wallet. You can also fund your account using BNB obtained from other marketplaces.
Step 4: Purchase SafeMoon
PancakeSwap and SafeMoon Swap both allow you to exchange your BNB for SafeMoon. Simply click the “Swap” button after entering the amount of BNB you wish to convert into SafeMoon, and you’re done.
Trust Wallet Pros
- Free and easy download
- Stores a huge range of cryptocurrencies
- Allows staking and earning returns
- Users retain control of the private keys
- Compatible with both iOS and Android devices
Trust Wallet Cons
- Not as secure as hardware wallets
Using Binance in the Philippines
Binance, the world’s largest cryptocurrency exchange by trading volume, was formed in China in 2017 and has an American partner. It features minimal costs and even lower fees if you use Binance Coin, its native currency, and it has some educational information on its website blog.
How to Buy Safemoon Using Binance
Step 1: Purchase Ethereum
Purchase Ethereum or convert another coin to Ethereum in a couple of minutes.
Step 2: Create an Account
Register for a Binance.us account and validate your identification. Binance.us allows you to buy, sell, swap, and store a variety of coins once you’ve been confirmed.
Step 3: Transfer ETH
Transfer some ETH from your ETH wallet to your freshly formed Binance.us wallet. To achieve this, copy your Binance.us wallet address (“to”) and paste it into the Ethereum wallet (“from”). It should only take a few minutes to complete the transfer.
Step 4: Convert to Binance Coin
Once you’ve got your ETH in your Binance.us wallet, “Convert” it to Binance Coin, the exchange’s native coin (BNB). Many buy Safemoon with BNB (on the Binance Smart Chain) because the transaction fees are substantially lower than those of Ethereum.
Step 5: Crypto Wallet
We recommend downloading the MetaMask browser plugin for Google Chrome and syncing it with the app to help things run more smoothly.
Step 6: Connect Your Wallet
Then, on the PancakeSwap website/app, click “Connect” in the top right corner, and pick your MetaMask wallet.
Step 7: Swap your ETH
Now, select “Swap.” You’ll have to wait 10-20 minutes for the network to verify the transaction before your new Safemoon (along with a tiny amount of BNB for future transaction fees) appears in your MetaMask wallet!
Binance Pros
- Low fees
- Wide selection of order types and trading options
- Customer support
- Instructions available on site
Binance Cons
- U.S. version is limited
- Platform is complex
- No built-in digital wallet
Using Coinmama in the Philippines
Coinmama was formed in 2013 with the goal of making it easier for people to buy cryptocurrencies. It has served over 3,200,000 users in 190 countries since then.
How to Buy Safemoon Using Coinmama
Step 1: Choose Your Crypto
To buy Safemoon with Coinmama, log in to your account. Choose which cryptocurrency you want to buy and which currency you want to pay with.
Step 2: Select Your Amount
Next, choose from one of Coinmama’s cryptocurrency bundles or enter a particular purchase amount, then click “buy now.”
Step 3: Enter Your Wallet Address
Enter your wallet address from your preferred third-party wallet provider. Learn how to set up a cryptocurrency wallet if you don’t have one already.
Step 4: Select a Payment Method
Cryptocurrency can be purchased using a credit card, debit card, or directly from your bank account. To enter your payment information or start a bank transfer from your account, follow the instructions on the website.
Step 5: Verify Your Address
If the wallet address is correct, look for a wallet confirmation link in your inbox and click it.
Coinmama will release the coins to your wallet as soon as your payment has been accepted and your wallet address has been confirmed!
Coinmama Pros
- Beginner-friendly
- Available worldwide
- Great support team
Coinmama Cons
- High fees
- No advanced trading features
Using BitMart in the Philippines
BitMart is a controlled cryptocurrency exchange that allows users to purchase, sell, and trade digital assets that are supported. It also allows users to earn rewards by staking and lending crypto. Several hundred cryptocurrencies are presently available on BitMart, including a considerable number of low-market-cap coins.
How to Buy Safemoon Using BitMart
Step 1: Create a BitMart Account
This stage will give you access to most of the BitMart platform’s features, but if you want to buy or sell Safemoon, you’ll need to go through the “Know–Your–Customer” method and verify your identity by submitting a government-issued financial or another form of identification.
Step 2: Fund Your Account
After you’ve completed your KYC and have full access to all BitMart services, you’ll need to fund your account before purchasing Safemoon. You’ll find a “Buy and Sell” button in the upper left corner of your main screen to fund your account. When you click it, you’ll be taken to a page where you can buy Bitcoin, Ethereum, and other stable coins.
Step 3: Buy USDT
It is highly advised that you purchase a Tether coin, often known as “USDT,” using your country’s fiat currency once you are on this page.
Step 4: Trade USDT
You don’t need to do anything else now that you have Tether. Go to the market part of your BitMart’s main screen and search for the Safemoon token in the search bar. When you’ve found Safemoon, choose the option to swap it for a Tether (USDT). “SAFEMOON/ USDT” will be displayed on the screen. Choose this pair and the amount of Safemoon you’d like to purchase.
Safemoon will safely be put into your BitMart account once you complete the order.
BitMart Pros
- Reasonable trading fees
- User interface is friendly
- Better financial system
- Regulated to function in the US
BitMart Cons
- Still relatively new
- Poor customer feedback
Using Kuna in the Philippines
Since 2015, this exchange has provided high-quality crypto services. You can purchase and sell cryptocurrencies here using two fiat currencies (six banks and payment systems are supported), or you can exchange one cryptocurrency for another.
How to Buy Safemoon Using Kuna
Step 1: Sign up with Kuna
To complete the KYC procedure, you will most likely need to provide a photo ID and/or proof of address.
Step 2: Purchase BNB Tokens
You’ll need to purchase BNB, which you can then exchange for Safemoon. To fund your account, go to the deposit page and use your preferred payment method. Create a buy order for the quantity of BNB you wish to buy using the trading pair for BNB and the fiat money you just deposited.
Step 3: Send BNB to Your New Wallet
By visiting your platform’s withdrawal page, pasting your wallet address into the receiving address box, and selecting “Withdraw,” you can send your BNB to your new wallet.
Step 4: Connect Your Wallet
Now, go to PancakeSwap and select “Connect Wallet.”
Step 5: Replace Your BNB with Safemoon
Set the “From” currency to BNB and the “To” currency to Safemoon in “Trade.” Make the switch after entering how much you want to buy in BNB or Safemoon, ensuring you have enough BNB to cover the purchase and the fee.
Kuna Pros
- Great customer feedback
- Low fees
- 20 currencies and two fiat currencies are supports
Kuna Cons
- Kuna uses a business model based on holding the clients’ funds in the online wallet
Conclusion
In essence, we hope that you’ve enjoyed this review and have found the best exchange platform to buy Safemoon in the Philippines. The Safemoon coin value is expected to climb to $1.00 in one year and $5 in five years, according to Analyticsinsight.
AllIn1Bitcoins works diligently to offer impartial and trustworthy data on cryptocurrency, finance, trading, and stocks. Nonetheless, we are unable to furnish financial counsel and encourage users to undertake their own inquiries and due diligence.
