Where to buy SafeMoon: top platforms to trade SAFEMOON ‘stock’
- Classified as a DeFi token, SafeMoon is attracting a lot of attention from investors.
- SafeMoon ‘stock’ is up more than 100% in the past 24 hours and 3,000% in the 3 weeks.
- Buying SafeMoon can be tricky but our team identified three ways to buy SafeMoon.
SafeMoon is a new cryptocurrency that is generating a lot of buzz in recent days. SafeMoon is a decentralised finance startup that addresses issues present in other major cryptocurrencies. Perhaps most notable, SafeMoon imposes a 10% fee on sellers, half of which is allocated to existing token holders.
Since SafeMoon is a new cryptocurrency that was launched in March 2021 it is not yet near the level of popularity of other altcoins. But because of the coin’s skyrocketing price and current value of less than a penny, many investors are starting to take notice and buy SafeMoon.
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Buying SafeMoon isn’t as convenient as buying other popular cryptocurrencies like Dogecoin but investors still have a few options available.
If you would like to learn more about investing in SafeMoon before buying, make sure you check out our how to buy SafeMoon guide. It contains introductory information and a clear, step-by-step guide to help you invest in SafeMoon ‘stock.’
How & where to buy SafeMoon right now
Before diving into how and where to buy Safemoon ‘stock’, it is important to note that Safemoon is not a real stock. Much like Bitcoin and Ethereum, SafeMoon is a cryptocurrency that seems to get lumped into the wrong asset class.
If you’re looking to buy SafeMoon, it isn’t as straightforward as logging into your preferred broker of choice and putting in an order for the cryptocurrency. This is mostly due to SafeMoon’s young age.
SafeMoon is planning on launching its own SafeMoon Exchange but its fundraising objective of securing $1 million is still short of its goals.
For now, our financial experts have identified three ways for investors to securely and safely buy SafeMoon. But our team of experts confirmed that the option of buying SafeMoon on two leading brokers will soon be added.
Among the few brokers that offer the ability to buy SafeMoon, Capital.com is the most established. We love Capital.com’s user-friendly interface and our team of experts crown Capital.com the go-to platform for all cryptocurrency investments. The ability to buy SafeMoon has not been added to Capital.com but we expect this to change very shortly. If you want to buy SafeMoon quickly and easily, get started by clicking the link below.
Paybis is accessible to crypto investors worldwide so using Paybis to invest in SafeMoon is a safe and secure option. Paybis is best known for its low fees and its ability to pay in your local currency. Buying SafeMoon on Paybis will be a great option as soon as the feature is added in the very near term. If you want to buy SafeMoon on Paybis, get started by clicking the link below.
The final broker that lets investors buy and sell SafeMoon is PancakeSwap. This option might be a bit tricky as it requires an investor to first buy BinanceCoin on the PancakeSwap broker and then swap it for SafeMoon.
What is SafeMoon
SafeMoon is technically classified as a decentralised finance token, or DeFi token. SafeMoon is built under the premise of rewarding investors who buy SafeMoon and hold it. On the opposite side of the trade, SafeMoon sellers are charged a 10% fee and half of the proceeds are allocated to buyers.
SafeMoon has ambitious goals in the cryptocurrency universe, including establishing a trading pair with Dogecoin, developing an NFT exchange, launching its own exchange, among others.
Part of the appeal of investing in SafeMoon likely rests in its name and loose association with the popular slogan used by Dogecoin believers: “Dogecoin to the moon.”
Will SafeMoon rise in value?
SafeMoon has seen its price explode in recent days but there is no guarantee its momentum can continue. As a very new cryptocurrency it has to compete with bitcoin, Dogecoin and many others for investor attention.
It is too early to begin fundamental analysis on whether or not to invest in SafeMoon, since it is only a few weeks old. Value investors might look at the current SafeMoon price of a fraction of a penny and conclude it has nowhere to go but up. But this line of thinking is never a guarantee.