How To Sell Safemoon on Trust Wallet
Both iOs and Android users that enjoy buying cryptocurrencies appreciate having their digital assets in a safe place.
That safe place is usually the Trust Wallet app, a crypto that allows you to hold crypto assets in a decentralized environment.
Of course, there are other alternatives, such as Atomic Wallet, but if you are a Trust Wallet user then you know how efficient this app really is.
So, imagine that you just bought a bunch of Safemoon Coin in PancakeSwap exchange and the price just went to the moon.
How do you transfer Safemoon from Trust Wallet to your bank account?
In this blog post, we’ll be discussing the following topics:
- How to sell Safemoon on Trust Wallet;
- Things you need to know about the safe moon token;
- Best methods to cash out your money in crypto exchanges.
What Are Safemoon Tokens?
Safemoon is a token that lays on the Binance Smart Chain technology.
Safemoon token holders have experienced great ROI by selling Safemoon at its peak.
People selling Safemoon are often looking to get a sweet revenue from the transaction.
Now, since you can’t directly sell Safemoon in Trust Wallet or other decentralized exchanges, we need to look for alternatives.
Pro Tip: Safemoon tacks a 10% high transaction fees divided into two different goals.
Do you want to join the Safemoon holders club? We teach you how to buy Safemoon in our Buy Safemoon on Trust Wallet blog post - go and read it!
How to sell Safemoon on Trust Wallet
So, you need to go to a cryptocurrency exchange in order to withdraw your precious Safemoon.
You could create a Coinbase account to buy crypto and Withdraw Money from Coinbase, but since Safemoon lives on the Binance Smart Chain, it’s way easier to do it through Binance.
In short, to sell your Safemoon tokens, you first need to turn them into the Binance coin.
Note: This article should not be taken as investment advice or financial advice since cryptos generally are a highly volatile asset class.
Be sure to exercise proper risk management before deciding to Buy Shina Inu on Trust Wallet or invest your money in other cryptocurrencies.
Step 1: Go to Your Safemoon Wallet
Open Trust Wallet’s main page.
There, you will be able to see the Safemoon token’s address.
It’s fundamental to know how much Safemoon you have in your wallet before proceeding.
Step 2: Open Pancake Swap on Trust Wallet DApp Browser
Surely you could use any other exchange, but Pancake Swap is the top choice to purchase Safemoon, so we’ll go with it.
Pro Tip: We’ve written a complete guide to teaching you how to Enable DApp Browser on Trust Wallet.
Give it a good read so you can sell Safe Moon sooner than later!
Step 3: Swap Safemoon for BNB Smart Chain Currency
In Pancake Swap, tap the BNB symbol and then look for Safemoon in the search bar.
In this tab open, you need to select the amount of Safemoon you want to swap.
A confirmation screen will later appear, informing you of the BNB network fee.
The aquamarine icon, next to the clock symbol, is the one you must tap to finally “Confirm Swap.”
Step 4: Convert Smart Chain to BNB Binance Chain
You have turned Safemoon exchanged BNB in Binance Smart Chain.
Now, in Trust Wallet’s main menu, select BNB and then “Swap to Binance Chain.” Finish the operation on the confirm page and continue.
Now, you’ll be able to exchange BNB to an external wallet address.
Step 5: Send BNB to Your Binance Account
In order to sell Safemoon, you need to send the converted BNB to an exchange that holds BNB, such as Binance.
This is crucial to Withdraw Money from Trust Wallet to Bank, so you can’t ignore this step.
You can find the BNB memo number wallet in your Binance account.
Once you have the recipient address, send the BNB from Trust Wallet to Binance US.
You can learn how to find your address here: Find Binance Wallet Address.
Step 6: Sell BNB for Fiat currency
You are almost ready to sell Safemoon! Log in to your Binance account and start the withdrawal process.
First, it’s fundamental to sell your BNB to USD or other currency that you can later withdraw.
To do this, just go to “Buy Crypto” and select the USD/BNB trading pair.
Binance allows you to choose any payment method to withdraw money, so be sure to set up your bank account or credit card details before starting.
Step 7: Withdraw Money from Binance US to Your Bank Account
Once you have turned your BNB into sweet American dollars, it’s time to request a withdrawal.
You can do so in the “Fiat and Spot” option on Binance.
Remember that you can only do this after you sell your BNB for USD or any other currency.
Also, your account must be verified in order to properly have the transaction submitted.
For more information about Withdrawing from Binance to Bank Account, check out our blog post.
In short, in order to sell Safemoon, you need:
- Swap your Safemoon for BNB;
- Send your BNB to Binance;
- Request a bank withdrawing from the Binance exchange.
This process is simple and can be achieved by following these steps!
For more crypto information, check out our other pieces of content on GrowFollowing.
Sell Safemoon on Trust Wallet FAQ
Is the DApp Browser on Trust Wallet Safe?
Yes, Trust Wallet It’s Safe. Instead of using third-party websites that might compromise your information, Trust Wallet opts for integrating DApps in their wallet directly.
Learn more about Trust Wallet’s DApp Browser here.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.