How to Buy Safemoon Crypto Coins Via PancakeSwap
Rancakmedia.com – You will learn more about how to buy Safemoon Crypto Coins with PancakeSwap in this article. Safemoon caught the attention of the crypto community earlier this year when it offered over 20,000 percent returns to early investors.
Safemoon is a cryptocurrency with a total of one quadrillion coins SAFEMOON launched on March 10th. Safemoon fell by more than 70% in April after seeing the biggest price growth, but it is still a very attractive cryptocurrency to buy with the aim of making a profit.
If you want to buy Safemoon and add it to your financial portfolio, the most difficult element will be figuring out how to do it. SAFEMOON coin is currently not available on major cryptocurrency exchanges as it is a new cryptocurrency. However, once you know where to buy them and how to get them, the process is relatively simple.
Before we discuss how to buy the SAFEMOON crypto coin, it is important to understand that this crypto asset is very risky. Many people call this a “pump and dump”, and the only difference is the 10% fee you have to pay every time you sell SAFEMOON tokens.
If you still want to buy it, it's best to stick with your ready-to-burn or cold money and not put all your money into it.
4 Ways to Buy Crypto Coin Safemoon (SAFEMOON) On PancakeSwap Exchange
On Binance Smart Chain, Pancake Swap is the ultimate decentralized exchange. Users can trade without going through Centralized Exchange intermediaries with Pancake Swap. All your Pancake Swap transactions will be sent directly to your digital wallet. The following are the four stages of purchasing Safemoon (SAFEMOON) on the Pancake Swap Exchange:
1. Get the Trust Wallet App
The creators of Safemoon propose that users buy and store this crypto asset using Trust Wallet. Trust Wallet is application a digital wallet that you can get from the App Store or Google Playstore for your smartphone.
If you are already using Trust Wallet and have a digital wallet account, open the app and select “Create a new wallet”. Your recovery phrase will be provided by Trust Wallet. This recovery phrase is very important because it acts as a personal password that can be read by your crypto wallet.
This recovery phrase is useful if you forget or lose access to your digital wallet; with the recovery phrase, you can still get access to your crypto. If someone else finds your recovery phrase, they can use it to retrieve all of your crypto from your digital wallet.
Record your recovery phrase, store it in a secure location, and never reveal it to anyone.
2. Buy on Binance Coin (BNB)
Safemoon cannot be purchased with cash; instead, other crypto assets must be exchanged for Safemoon crypto assets thereafter. Binance Coin (BNB) will be needed as a crypto asset that you will exchange later.
- From the home menu, then tap “Smart Chain”. If it's not available, use the icon in the upper-right corner of the app to search for it. Then you go to the Binance Coin page within Trust Wallet.
- Tap "Buy".
- Enter the number of BNB coins you want to buy in US dollars and select “Next” to go to the payment confirmation page.
- Enter your payment information and confirm the transaction.
- You may need to verify your identity to complete the purchase.
You can buy Binance Coin directly in the app if you have a Binance account and app. After that, you can trade Safemoon with the Binance Smart Chain wallet.
