Cryptocurrencies need no introduction as they have already proven their metal among investors and traders. However, when it comes to trading, there is a need for a safe trading exchange.
If we go by Safemoon’s white paper, there is a 10% tax which is on each sale that goes to the long term holders and in turn stabilizes the price. Another great feature of Safemoon is that there is a team which manually burns these coins to control the supply.
There are 400 trillion SafeMoon tokens burned so far and 223 trillion tokens were burned even before it was launched.
Many crypto analysts are still sceptical about the long term investments in SafeMoon because as such there is nothing that can attract investors to invest in it for the long term and with a large amount.
The only thing that has attracted traders around the world is its volatility. It has made many ordinary traders millionaires overnight.
We are here to provide you with a full step by step guide on how to buy SafeMoon Crypto on BitMart.
In this search, we can’t forget Bitmart which is considered the safest trading exchange for traders around the world.
BitMart works primarily on the security of transactions to make them more transparent and reliable.
BitMart is on the priority list of many traders of moderate level who want to deal in any coin and the reason for that trust is that BitMart keeps on updating its list with the new coins that are yet to be seen on other exchanges.
When it comes to the number of traders whose trust BitMart has earned, it comes out to be 1.2 billion so far. And Keep on adding after that.
Buying and selling coins on BitMart is a cakewalk thanks to their easy-to-use platform.
What is SafeMoon?
Safe Moon is loved by traders around the world for its volatility because it gives better returns on investment than any other currency. It’s a new member of the world of cryptocurrencies. It was launched in March 2021.
This is an altcoin with a high transaction fee of 10% where 5% is redistributed among the token holders and 5% goes towards the wallet in a different currency.
The name SafeMoon has a meaning which means Safely to the Moon which means the price rises very quickly. The CEO of SafeMoon is John Karony who was an Ex-Analyst at the U.S Department of Defense.
Safe Moon is not a new name among investors and traders and has equal potential as Bitcoin and Ethereum have. Its functioning is based on the technology of distributed ledger technology.
How to Buy SafeMoon Crypto on BitMart?
You can buy SafeMoon on Bitmart by following these steps:
Like you keep your physical money in your physical wallet, similarly you need an e-wallet to keep your digital coins safe as it is mandatory and safe too. Remember that your personal and public information is saved in these wallets so that you can transact directly from them whenever you want.
There are two types of wallets where you can keep your cryptocurrencies safe.
One is an online wallet where you can keep your coins without using any hardware but there is a safety issue due to hacking. Another way to keep cryptocurrencies is by using hardware so that you don’t have to go online and it is considered the safest option.
Load USDT to buy currencies from this platform. You need to click on Buy Coins to buy your favourite cryptocurrencies. There are some payment options like debit and credit cards.
Remember while making the payment that you need to stay safe in account details and do not share them with anyone, be it, anyone.
Once you reach the next screen, you will be able to see a long list of coins from which you can choose the coin that you want to invest your money into. Select the coin of your choice and click on buy and in the next screen click on continue.
You need to provide your payment details which will be verified by BitMart. When you are done with all the formalities, confirm the payment. Remember that it might take a few minutes to reflect your investment on your dashboard, so have some patience.
We have so far taken USDT for you but now it’s time to exchange it with SafeMoon. For this, you need to select the Standard option from the spot drop-down menu. Although the page where you can buy SafeMoon from is quite tricky we shall help you out with this.
Go to the search bar and search for SafeMoon which you will find in the top right corner of the webpage.
There you will see the only pair to buy SafeMoon under SafeMoon/USDT. Here you will find the option to Buy SafeMoon at the end of the page. You can check the trading price of this coin and buy it at a price that suits your investment strategy.
Enter the amount that you want to pay for the number of coins that you want and the number USDT you have in your wallet.
If you want to buy 100% of your fund, click on the 100 per cent option. In the end, click on Buy SafeMoon to complete buying your coin.
Whenever putting your hard-earned money into any sort of investment, calculate the risk attached to it. Like there is the risk of investing in the money equity market, cryptocurrencies are no exception to it and SafeMoon is part of it.
What should you consider before buying SafeMoon?
- The first thing is that your money may vanish completely when you invest in SafeMoon because of the high volatility of the coin.
- Although SafeMoon has so far given a high return of 20,000%, it has increased enormously but it doesn’t mean that it will give you the same appreciation. Maybe it goes down when you invest because you don’t know which cycle you are investing in.
- Abide by the regulations set by the governments around the world to control its movement which includes tax rules.
- Check the daily traded volumes so that you can be sure that this coin cannot be operated by one person or institution only. The volume of the coin should be in billions on a daily basis.
- Finally, check if there is something fishy with the coin before making the final decision.
If we talk about the popularity of SafeMoon, it is the third-largest coin in Binance’s cryptocurrencies according to its market cap.
According to this website, cryptocurrencies are made of three different aspects. Reflection takes the first place, and you are charged a fee that is dispersed among the token holders
Meanwhile, BitMart will capture the details of copies of users of transactions in SafeMoon and spread them every month before the 10th of every month.
We hope that we have so far been able to help you out in making a buy decision for SafeMoon on BitMart. Consider the risk factors before buying and choose BitMart for a safe and reliable trading experience.
Although there are other coins too that depend on your research and analysis only. We hope that you get a multifold return on your investment and be a success story.