How do I buy safemoon?

To buy SafeMoon, use SafeMoon’s proprietary SafeMoon Swap to trade other crypto, like Binance Coin (BNB), for SafeMoon tokens. If you don’t already have crypto, you’ll likely need to create an account on another exchange that allows you to exchange dollars for coins, as you can with many of Forbes Advisor’s choices for best crypto exchanges.

What is safemoon & how does it work?

SafeMoon's name is derived from the cliché phrase "to the moon", a common meme stock term that market manipulators say to try to get others to buy the stock in hopes that it'll rise to extraordinary heights. SafeMoon is not a crypto coin but rather it is a crypto token, the difference is that: A crypto coin operates on its own blockchain.

How to buy safemoon on Binance?

Create an account on a cryptocurrency exchange that accepts fiat currency, place the coins into a wallet, then transfer them to an exchange that sells SafeMoon. You can create a wallet on the Binance Smart Chain by using either MetaMask or Trust Wallet. Finally, go to a crypto exchange that sells SafeMoon and make your purchase.

Is safemoon a good investment?

It’s important to do your research into SafeMoon before deciding to invest. As SafeMoon charges a 10% fee whenever you sell the token, it is not the most liquid of cryptocurrencies, and it’s impossible to find an Australian exchange where you can buy it with fiat dollars (you will need to trade it with other crypto).