Where Can I Buy Safemoon? Among one of the most talked about cryptocurrencies is safemoon, no wonder the word is everywhere concerning where to buy the safemoon token. So, where can I buy the safemoon token? You get to know as ww dive on.
It’s trending as we speak and lots of investors have bought this outstanding digital currency due to its sharp rise during its initial launching just a month and later dropped. Despite that fact, more and more investors are trooping in to get this token.
With an all-time high in April, everyone is still hoping for another. Despite its great boom, the safemoon token is not listed in any top cryptocurrency exchange platform since it is a new currency. Nevertheless, they’ve been making a lot more of noise online with Binance but Binance hasn’t made comment about listing it but you can still get them.
Where Can I Buy Safemoon With USD
Safemoon is a popular crypto token and freshly made. So, many top cryptocurrency exchange hasn’t supported it neither have they listed it. If you happen to go on Coinbase and search the ‘Safemoon’ on its platform, ‘SafeMoon is not supported by Coinbase.’ would be displayed to you instantly. Other exchanges like Gemini also don’t support it. Nevertheless, people still buy safemoon. The question is how? Let’s look down to find out.
- Download and install binance
- Create an account with Binance
- Once you are approved for trading, buy enough BNB with your USD
- Then through the Binance Smart Chain Wallet, you can then trade them with the safemoon token.
Due to the fact that it’s not in the top cryptocurrency exchange makes one go through a long process but there is high level of hope that Binance would list them by the end of this year. That would be great as it will boost its growth in the cryptocurrency market and as such draw any attention. Although, it is more a risky venture.
Is Safemoon a Meme Coin
Just like Dogecoin and Shiba Inu, safemoon has been called a meme coin. This is because of it’s value being tied to the raging market after its release. Moreover, they talked about the developers having not being successful, and besides, there are no evidence to show their success. They also feel it is not safe buying the token.
That being said, the token made an all-time high in April and they themselves who talked bad about the token are investing in it without a second thought. Despite that fact, some move on to say it is a Ponzi scheme of which is only profitable to early buyers and those late ones tend to suffer in the short run as most of them usually do.
As long it is an investment, it involves risk. Due to its great boost, millions of investors have invested in the crypto token. Many are still analyzing it, being a freshly made coin, it has no long history in the market. Investing in the Safemoon crypto token is of great risk and extensive research needs to be conducted before making a move and be sure you can afford to lose all your cash.