How to Open an Account at Binance?īinance is an exchange that hosts crypto-to-fiat and crypto-to-crypto trades. Well, what are you waiting for? Let’s go and discover more about Binance! By the end of our Binance review, you will have all the information you need to start trading on the exchange by yourself. There will also be a step-by-step guide on how to deposit, trade and withdraw coins, along with some helpful images. We will then explain some of the advantages of using Binance, as well as some disadvantages, too. Once you have read this, you will have a good understanding of whether it is the right exchange for you.įirst, we will give you some background information on Binance, and how it has become one of the most popular exchanges to trade cryptocurrencies. This Binance review will give you a complete overview of the Binance exchange. So, it’s important to know which exchange is right for you! Some are aimed at beginners, while others are better for more advanced traders. This makes it more and more difficult to decide which exchange you’re going to use. As with any investment, you should assess your risk tolerance and act accordingly.As cryptocurrencies grow in popularity, more and more exchanges are being created for buying, trading and selling different cryptocurrencies. Keep in mind that SafeMoon is still in its infancy, so while some are optimistic that it’s the next Dogecoin, others are skeptical - it’s just too early to tell whether SafeMoon is headed for greatness or ruin. Voila! You should see your SafeMoon tokens in the TrustWallet app. Under “Contract Address,” paste SafeMoon's Contract Address. Tap on “Add Custom Token.” Change the network from Ethereum to Smart Chain. Click the blue icon on the top-right corner and scroll to the bottom.Ĥ. Navigate back to TrustWallet’s main page. Exit PancakeSwap.Īt this point, you're probably wondering, "Okay great, I bought some SafeMoon, but where are they?" Don't worry! Follow these steps to enable SafeMoon in TrustWallet and confirm that you have them in your possession.ġ. Click on “View on BscScan.” The status bar should say “Success,” proving you successfully converted Smart Chain into SafeMoon. Tap “Swap” and “Confirm Swap.” This will prompt a “Transaction submitted” message to pop up.Ĩ. Tap on the icon next to the time symbol on the top-right corner, and as requested by PancakeSwap, set your slippage tolerance to 12%. How to buy SafeMoon (Image credit: Six Days LLC)Ħ. Open the app and tap “Create a new wallet.” Download the Trust: Crypto & Bitcoin Wallet app from the app store (on iOS and Android).Ģ. For this guide, I’ll be using PancakeSwap as the primary exchange for SafeMoon.Ĭonvert BNB to Smart Chain via Trust Walletġ. Purchasing SafeMoon isn’t the most straightforward process, but with these easy-to-follow, step-by-step instructions, you’ll have your tokens in no time. If you invested $1,600 into SafeMoon on March 22, you’d have a whopping $60,000 a month later. Two days later, SafeMoon skyrocketed to an all-time high of $0.00014 - an increase of nearly 7,000%. Crypto blogger Lou Bagel says the upside of SafeMoon is that you’ll keep making money as new people buy in, but the downside is that if no one buys SafeMoon, investors will receive 5% of zilch and the low demand will cause the price to plummet.Īccording to CoinMarketCap, SafeMoon was trading at around $0.000002 on April 18. SafeMoon was created to address several problems plaguing cryptocurrencies today, including price volatility and crypto investors’ bad habit of premature selling hence the 10% selling fee. Before you buy the trending token, you must know that SafeMoon penalizes sellers with a 10% fee, and redistributes half to other token holders to incentivize buying and holding.
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