How to Buy SafeMoon on Trust Wallet – Quick Guide

SafeMoon was one of the most exciting and popular DeFi projects to come out in 2021. With plans of launching its own blockchain, exchange, hardware wallet, and internet of things system, SafeMoon had been an appealing prospect for many investors.

In this guide, we’ll discuss how to buy SafeMoon on Trust Wallet, SafeMoon’s most promising aspects, and the booming community behind the project.

How To Buy SafeMoon On Trust Wallet – Quick Guide

If you want to know how to buy SafeMoon coin on Trust Wallet, here’s a quick guide to get you started.

• Step 1: Open an account with Trust Wallet – The first step is to search and download the app from your respective app store. Once complete, simply open the application and follow the instructions once tapping the “Create a new wallet” button.
• Step 2: Set up Trust Wallet – Next, you’ll need to set up your 12-word recovery phrase which will act as a password backup for your wallet. To complete the creation of the Trust Wallet, you’ll need to confirm the 12-word recovery phrase in the right order.
• Step 3: Deposit funds – To buy SafeMoon with BNB on Trust Wallet, you can add BNB via bank card. Trust Wallet lets you pay via MoonPay, Ramp, and Transak. You can also fund your account by withdrawing BNB from other platforms like Binance.
• Step 4: Buy SafeMoon – PancakeSwap and Swap by SafeMoon both let you convert your BNB for SafeMoon. After setting the amount of BNB you want to convert into SafeMoon, simply click on the “Swap” button nd it’s all done.

How To Buy SafeMoon On Trust Wallet – Tutorial

Trust wallet is designed to be the best crypto wallet app by providing a safe and secure experience for its users. Because of this, it’s a great platform to hold your SafeMoon crypto coins. For this article, we’ll be showing the Trust Wallet on iOS.

Since there are many cryptocurrencies that you can swap for SafeMoon, let’s discuss more in-depth instructions on how to buy SafeMoon with Trust Wallet on iPhone.

Creating and setting up a new Trust Wallet is pretty straightforward. Upon opening the Trust Wallet application for the first time, you’ll be prompted to create a new wallet. There are no KYC or personal detail requirements for opening the account. Just make sure to take note of the 12-word recovery phrase that you’re given to access your wallet.

It is recommended that you write your recovery phrase down or keep it somewhere safe since this won’t be shown to you and it cannot be changed. Since SafeMoon is a BEP-20 token, it runs on the Binance Smart Chain (BSC). This means that you’ll need some BNB to pay for the gas fees of swapping as well.

You can add BNB directly from the Trust Wallet. Tap on the BNB token on your Main Wallet list. You’ll be given the option to buy BNB through a bank card via the MoonPay third-party payment provider.

Additionally, if you want to connect your Trust Wallet on a decentralized exchange like PancakeSwap, you can usually find a “Connect Wallet” button on the site. Below we’ll discuss how to buy SafeMoon crypto on Trust Wallet via Bitcoin, Ethereum, and Tether – all on the PancakeSwap exchange.

How To Buy SafeMoon With Bitcoin On Trust Wallet

If you already own bitcoin on Binance and want to use it to buy SafeMoon, you can withdraw from your Binance account to your Trust Wallet. Tap on “Receive” and type BTCB on the Trust Wallet platform and copy the address. This address will be used to transfer your BTC on the BSC Network so that you can receive BTCB. Finalize the amount and complete your withdrawal to the Trust Wallet.

Now, on your Trust Wallet browser, you can head to the PancakeSwap website and find the BTCB-SFM pair. Entire the amount of BTCB you want to convert to SFM and press “Swap” to buy SafeMoon into your wallet.

How To Buy SafeMoon With Ethereum On Trust Wallet

For Ethereum from your Binance account, the process is the same. After you buy Ethereum in your Binance account, copy the address from your Trust Wallet for receiving Binance-Peg Ethereum (BEP-20). On PancakeSwap, fill in the amount of Ethereum you’d like to convert into SFM and click on “Swap.

How To Buy SafeMoon With USDT On Trust Wallet

Cryptocurrencies are highly volatile assets. Make sure to do your own research and understand the risk involved with trading these types of assets. Your capital is at risk.

USDT is a popular stablecoin that’s also used for earning passively on platforms like Binance. You’ll need the Binance-Peg BSC-USD token which is wrapped USDT in the BSC network. Luckily, if you’re drawing USDT from your Binance account, then you can withdraw the USDT straight as the Binance-Peg BSC-USD token.

Once you have the BEP-20 USDT token on your Trust Wallet, you can proceed to the USDT-SFM Swap page on PancakeSwap using the browser. Choose how much USDT you wish to convert into SFM and click “Swap” to initiate the transfer.

Trust Wallet Review

Trust Wallet is an open-source crypto mobile application and is the official decentralized wallet of Binance. The application supports the latest Ethereum ecosystem blockchains, BSC, Binance Chain, and many more chains.

Binance aims to be an entire ecosystem for crypto-related products, services, and features. Because of this, much decentralized finance (DeFi) features can be found on both Binance and the Trust Wallet application.

Aside from being a decentralized wallet, the Trust Wallet gives access to decentralized apps (dApps)  crypto staking, and other products that let you access DeFi platforms all in the browser. As the wallet can hold coins from different chains, Trust Wallet also has a feature that lets you swap one token for another.

What Is SafeMoon?

According to their website, the SafeMoon company is a human-centric tech and innovation company that works on blockchain, metaverse, and NFT products. It leverages its first product, the SafeMoon protocol for purchasing and holding tokens which were released in March 2021.

As one of the best DeFi coins and most popular projects in 2021, SafeMoon has seen rapid growth over a short period following its launch. With a user and partner community of over 2 million individuals, the project seemed to be one of the most promising DeFi systems.

In terms of backing, SafeMoon’s community and user-focused development cycle helped it create more advanced and innovative fintech and other technology products. Several more features and innovations are on the horizon for SafeMoon such as a hard wallet, exchange for coins and NFTs, and more.

The latest iteration of the SafeMoon coin is SafeMoon v2 which is the second version of the SafeMoon protocol contract. It’s now the accepted token for SafeMoon utility, replacing the old SafeMoon token (SAFEMOON). So if this is the case, does this mean you’ll need to re-learn how to buy SafeMoon v2 on Trust Wallet?

SafeMoon v2 runs on the ticker symbol SFM which is what we used for this guide.

Reasons To Buy SafeMoon

SafeMoon Community

The SafeMoon community is the first reason to buy the SafeMoon token. With over 1 million Twitter followers and 300 thousand Reddit members, there is a large community that backs and supports SafeMoon and its projects.

The latest news, developments, and knowledge bases are consistently being updated by the community which is a good sign of activity for the project. There are certain expectations for the project to complete its promises. As we’ve seen in previous events where large institutions tried to go against passionate and large communities, the plans don’t usually end well.

SafeMoon Tokenomics

 Tokenomics are how a cryptocurrency is redistributed, burned, and used for liquidity. It’s usually an indicator of its long-term price movement. The second reason to buy SafeMoon is due to its tokenomics which can be summarized below:

• 4 percent of SafeMoon tokens are redistributed to existing holders
• 3 percent of tokens is added to liquidity
• 2 percent of tokens are burned
• 1 percent is added to the SafeMoon Ecosystem Growth Fund

SafeMoon is a deflationary token since a portion of fees in tokens are burned. This means that theoretically, the value of SafeMoon increases over time. There is also an incentive for owners of SafeMoon to hold the cryptocurrency since a good 4 percent of the fees are redistributed to existing holders.

Features And Future Projects

Even with the SafeMoon wallet and SafeMoon v2 already rolled out, future additions to the SafeMoon ecosystem are currently in the works. Safemoon’s connection to their community, dubbed the SafeMoon Army, gives them the proper feedback and proposals to roll out new features. Certain NFT products, DeFi projects, and other blockchain related systems are among the few categories that SafeMoon is looking into.

Looking into their recent history, SafeMoon has already been listed on multiple exchanges since its launch in 2021. They’ve also launched their application, the SafeMoon Wallet, for Android and iOS devices.

Now, SafeMoon is looking to address the second half of its mission which is expanding and channeling its technology for new innovations. With the first half of their products deployed, they’ll look to keep growing through their hardware wallet and crypto exchange platform which are planned to launch soon.

See our full review of whether Safemoon is a good investment.

SafeMoon Price Prediction 2022

Although SafeMoon has peaked at a price this year owing to its release of the SafeMoon 2.0, the current price range sits around half of what it was a month ago. 

As we see it, SafeMoon will be trading around the $0.0000005 price unless significant pressure brings it to the $0.000001 to $0.0000014 range. Although the highest price of SafeMoon was reached last April at $0.00001118, it may take another group of investors to bring the price even close to this level. For now, SafeMoon 2.0 sits at a much lower level than its previous price actions.

Is Trust Wallet The Best Platform To Buy SafeMoon?

Though you might already know how to buy SafeMoon on Trust Wallet iPhone, is it really the best platform for purchasing this cryptocurrency? It’s a fair question considering SafeMoon has its own crypto wallet. 

The Trust Wallet not only offers more tokens and multiple chains, but it even has DeFi products as well. It’s a popular wallet too for compatibility with many DeFi platforms. The staking, crypto lending, and borrowing services on Trust Wallet also give it additional value.

However, purchasing SafeMoon on Trust Wallet might be slower since decentralized exchanges have slower transaction speeds and require a little more technical knowledge to execute. If you want a fast and easy way of buying SafeMoon, then we recommend the Crypto.com exchange.

Cryptocurrencies are highly volatile assets. Make sure to do your own research and understand the risk involved with trading these types of assets. Your capital is at risk.

The Crypto.com ecosystem is filled with amazing crypto products that let you easily lend, borrow, and earn from your crypto holdings. Aside from this, they have a great crypto exchange interface for those looking to trade. With SafeMoon being a volatile asset, it’s worth looking into the Crypto.com platform to trade and profit from the token’s day-to-day price movements.

You can even store your cryptocurrencies on Crypto.com’s decentralized wallet which is available for both Android and iOS devices. They offer the most popular coins like Bitcoin, Ethereum, and Cardano and give you extra rewards if you stake their native coin, Cronos (CRO).

Is SafeMoon The Best Crypto To Buy On Trust Wallet?

There are hundreds of tokens that you can hold in the Trust Wallet and they range from chain to chain. Although SafeMoon is a decent token to have on the platform with its strong community and tokenomics, you might want to consider other options. Diversifying your portfolio is always a good idea too.

The LuckyBlock (LBLOCK) token aims to be a worldwide lottery that leverages blockchain protocols for transparency and fairness in gaming. Since transparency is one of the most important aspects of gaming in general, a blockchain system is the best solution to lotteries and gambling operations.

Fair wagering is also not the only feature of the LuckyBlock token. As a DeFi coin, LuckyBlock holders can spend some of their tokens to participate in a daily jackpot lottery. Otherwise, holders can also opt to leave their LBLOCK in their wallets where it will earn the daily dividend payout.

Launched in January of 2022, LuckyBlock is one of the newest DeFi coins right now. It’s a BEP-20 token and is also available on PancakeSwap. At the time of writing, one LBLOCK token is worth around $0.002876. The cryptocurrency reached a high of $0.00947 just last February.

The Verdict

Now that you have an idea of how to buy more SafeMoon on Trust Wallet, let’s review the most important things to keep in mind. SafeMoon is a BEP-20 token, so using tokens outside of the BSC will require wrapping them in order to swap them for SafeMoon.

SafeMoon’s community, tokenomics, and future innovations are what hold the token at this price point. It seems like the community continues to update and believe that the project is undervalued and that the next few additions to the project are promising.

If you’re looking for another DeFi coin to invest in, we recommend that you buy LuckyBlock (LBLOCK). As we mentioned earlier, it’s a promising token that leverages blockchain technology to implement fair and transparent gaming and lottery. Investors who bought LBLOCK upon launch and sold at its peak saw an increase of hundreds of percentages while buyers who owned LBLOCK pre-launch saw over thousands of percentages in gains. Simply click on the link below and start trading LuckyBlock today!

Cryptocurrencies are highly volatile assets. Make sure to do your own research and understand the risk involved with trading these types of assets. Your capital is at risk.

FAQs