SAFE MOON NET SERIES

If you don't have ETH, I recommend using. To start the process of acquiring SafeMoon, you'll need a cryptocurrency wallet that contains Ethereum.

SAFE MOON NET SERIES

Be careful and take your time: You can also consult the SafeMoon website, Reddit, or even Google.ĬRYPTO-SAVVY is an occasional series from Inverse that explains the world of cryptocurrency and where it’s going next.

You can also click any hyperlinks for more detailed explanations of some of the more complicated steps. While I'll explain the basics, if you're unsure about any of the terms or phrases in this guide, Bitcoin Wiki is a great resource.You will be creating several different accounts and wallets: Make sure to write down your usernames, passwords, and seed phrases and keep them somewhere safe.For this experiment, I started out with ~$275 in ETH and ended up with just under $250 worth of SafeMoon. Cryptocurrency trading often comes with associated fees, so make sure you take that into account and give yourself some padding.(Remember: and are different platforms that require separate login/account details – check the URL to make sure you’re on the desired platform). , as opposed to, allows traders to use the service right away without inputting much personal information.

com: while this is not recommended, people familiar with Virtual Private Networks (VPNs) can set their location to a country that permits the use of. us (more on this service below) takes a day or two to verify your identity – this is because the United States practices more-stringent Know Your Customer (KYC) laws than many other countries. This how-to guide is for users in the United States.SafeMoon will appear in your MetaMask walletīefore we get started, here are a few notable points:.Use PancakeSwap app/website to exchange BNB for SafeMoon.Set up Binance Smart Chain compatibility in MetaMask.Download/create an account on the MetaMask crypto wallet.On : convert ETH to Binance Coin (BNB).Here is a shortened version of the steps we’ll take (a more detailed explanation of the specifics will follow): I would advise that you don’t invest money you aren’t willing to lose. Although I will try my best to provide detailed and easy-to-follow instructions, please be aware that making a wrong move can mean you lose your coins in cyberspace - and I cannot take responsibility for that! As one Redditor notes, sending coins to a wrong or incompatible address is “the digital equivalent of dropping cash out of your pocket on the street and having a random person pick it up nearly instantly.”įurthermore, despite the fact that in just two months SafeMoon has appreciated more than the S&P 500 has over the last decade, there is no guarantee that these gains will continue moving forward. But if you follow the steps in order, soon (with some patience), you’ll be a proud Hodl’er (a deliberate misspelling of the word “hold” used in the crypto industry) of this new, fast-growing digital token.Ī disclaimer before we get started: This is not financial advice. In this piece, I’ll walk you through the steps to acquire SafeMoon – launched on March 8, 2021, on the Binance Smart Chain - dubbed by developers as the “world’s fasted growing cryptocurrency.”ĭon’t be intimidated - it seems like a lot at first glance. But obtaining smaller altcoins can be more challenging. While there’s fear, uncertainty, and doubt (FUD) about crypto, it's quite easy to acquire some of the larger, more tried-and-tested coins like Bitcoin (BTC) and Ethereum (ETH). Despite a recent and ongoing industrywide price correction, cryptocurrencies are still the future of finance.

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