How to Buy Safemoon on Trust Wallet

 

Let’s go to the moon… safely! Safemoon has become one of the most popular cryptocurrencies over the past few months.

This community-driven DeFi token has become one of the most promising tokens out there.

But why are cryptocurrency investors so interested in Safemoon?

And more importantly, how do I start a new crypto journey buying Safemoon?

Well, keep reading this blog post so you can get precise information about the following topics:

• How to buy Safemoon on Trust Wallet;
• What to know before starting investing your money on Safemoon crypto assets;
• Step-by-step instructions to properly buy Safemoon in Pancake Swap.

What is Safemoon Crypto?

Safemoon is a decentralized finance token recently created in the BSC blockchain.

Since Safemoon is one of the main cryptos on Binance Smart Chain to gain attention, lots of people have wanted to enter this sort of “lottery ticket” recently.

Well, this coin has rewarded early investors with an ROI of over 20,000% in just three months.

To put things in context, Safemoon investors that bought $20 in tokens at $0.000000001, received $26,000 when the coin’s value was $0.000013.

Simply astonishing!

How to Buy Safemoon on Trust Wallet

In order to buy Safemoon, you need to do it through Binance’s decentralized marketplace, PancakeSwap.

We all know that Binance is one of the best cryptocurrency exchanges out there, due to the token’s controversy, buying it isn’t a straightforward process.

Therefore, you need a Binance Smart Chain wallet to do so, such as MetaMask and Trust Wallet.

For practical purposes, we are going to focus on the TrustWallet app.

So, this is what you need before starting:

• Download Trust Wallet on Google Play Store on your Android device or Apple Store on your iPhone. The app will appear as “Trust: Crypto and Bitcoin Wallet App;”
• Set a recovery phrase and save the private keys. The recovery phrase is vital to access your crypto wallet in case you lose access to it, as well as the dozen recovery words you’ll be receiving;
• Finish installing Trust Wallet and you’ll be ready to use your new wallet!

Step 1: Purchase Binance Coin

You can’t buy Safemoon with fiat money, so you need to purchase and trade Binance Coin (BNB) in order to subsequently swap them for Safemoon.

Nonetheless, you can indeed buy Binance Coin’s tokens with your credit or debit card in TrustWallet or Binance’s exchange directly.

Step 2: Convert BNB to Smart Chain Tokens with Trust Wallet

First, decide how much money you want to invest in Safemoon.

So, make your purchase directly on the platform and then head back to Trust Wallet to place a Smart Chain Order.

You must swap all the Binance Coin you just bought to Smart Chain.

This can easily be done on Trust Wallet’s main screen.

Once you move your BNBs to the Smart Chain, your funds will appear on the screen’s status bar.

You are now ready to use your recently purchased BNB in Trust Wallet to acquire Safemoon.

Step 3: Go to Pancake Swap’s Exchange Page

Since Pancake Swap is Safemoon’s primary exchange, you need to connect your TrustWallet to the DApp browser.

The process is pretty easy on Android devices and a little trickier in iOS devices, but you’ll manage it.

Luckily, we wrote a guide to enable DApp browser on Trust Wallet that you can read to get this step done within just minutes!

Enabling the DApp Browser is crucial to properly access PancakeSwap, so you can’t skip this step.

Step 4: Convert Smart Chain to Safemoon Tokens

Once your Trust Wallet is connected to Pancake Swap, you need to use the search bar and look for Safemoon.

Here, you will exchange the Smart Chain BNB you purchased for Safemoon tokens, but before you do so, consider this:

• Safemoon taxes will take a 10% fee of each transaction submitted;
• It’s fundamental to tap on the settings icon in the top right corner of the screen to set a slippage tolerance of 12%, which might change the executed price depending on many factors. Otherwise, you won’t be able to trade this token;

That being said, set the amount of BNB you want to exchange for Safemoon and tap on “Confirm Swap.”

Now, the transaction should be processed as soon as possible.

Step 5: Enable SafeMoon on Trust Wallet to Verify Your Funds

So, you have successfully converted Smart Chain into SafeMoon! - it’s time to HODL and wait for it to skyrocket!

But how do you see your funds in your TrustWallet? In order to do this, follow these three quick steps:

• You need to copy Safemoon’s contract address, which can be found on the same exchange page where you purchased your funds;
• On Trust Wallet, tap on “Add Custom Token,” which will be next to a blue icon, and search for Safemoon;
• There, paste Safemoon’s contract address and tap on done.

Now, you will be able to see your Safemoon funds in your Trust Wallet!

That’s all you need to know for now.

For more cryptocurrency guides, don’t forget to check GrowFollowing daily!

Buy Safemoon Token On Trust Wallet FAQ

Can I Use Hardware Wallets to Store Safemoon Token?

Yes, you can. Using a hardware wallet will ensure that your funds are safe and sound wherever you go.

Is Safemoon a Good Investment?

Crypto markets always have some risks related to the operations you can make in them.

So, even though Safemoon has proven to provide a good ROI for many investors, you should only invest what you are willing to lose.

This will avoid having bad trading experiences.

About the author

Steve

Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.