You all must be wondering why are we posting about Safemoon, but lately, this meme coin has gained a lot of popularity and trends. From the current looks, it is not a meme coin anymore rather is a newborn trendsetter just like Bitcoin but a faster version. Anyway, this is not financial advice, buy at your own risk. This is How to buy Safemoon using Pancake Swap, Meta Mask? Safemoon the next big Crypto!
First, let’s talk about Safemoon- A new cryptocurrency called SafeMoon has soared in popularity since its mid-March launch. It is the latest cryptocurrency to have seen a rise in trends since April 2023, following on from the success of other cryptos like Dogecoin, Bitcoin, Ethereum, etc.
Due to its new presence on the market, little is known about the US-based SafeMoon Firm. But the owners have revealed themselves, CEO being John (Capt Hodl) Karoly from Virginia, US.
Its website carries the tagline ‘Safely to the Moon’ – a play on the phrase first mooted by WallStreetBets on Reddit Channel in an attempt to excite up the price of Dogecoin. The best part of this currency is that it is driven by the community and its emotions!
Currently, the Price of 1 Safemoon Token is around 0.000004$ due to the crypto market soar, but this will gradually increase as per old trends! And this crypto boasts a Market capital of around 3 Billion USD$. Let’s get started on How to buy Safemoon using Pancake Swap, Meta Mask? Everything you need to know! Some exchanges are directly offering them in exchange for other cryptos like Bitmart, Whitebit, ZBG, MXC, Mandala, Gate.io, Hotbit, etc.
Things required Binance Account, Metamask Wallet account.
How to buy Safemoon using Pancake Swap, Meta Mask Wallet in just 10 Steps?
I will cover a short and easy process on how to buy Safemoon Token. Assuming you all have registered on your currency compatible crypto exchange and Sent funds to Binance and verified your identity and done KYC to enable withdrawals, transfers, and deposits. (We use BNB Binance coin for transaction since it is required in every step for transaction fees)
- Use Binance or transfer crypto to Binance using another exchange (Which lets you add your currency into the wallet) to change your Fiat money (your currency) into BNB (Binance Coin) (Minimum limit to withdraw such coin to another wallet is 0.1 BNB (60$ approx) so be careful otherwise you won’t be able to withdraw to other wallets), now this step is continued in Step 6.
- Now, Meanwhile, Install Metamask Extension on your Chrome Browser. Metamask can be installed on Android and Ios too but we recommend it on Chrome browser, other wallets like trust wallet can also be used but the working may be different.
- Set up Metamask Wallet, register as new, don’t forget your passphrase or password ever, and don’t share them with anyone. Using the account settings tab in metamask wallet settings, locate the Networks menu, click on add custom RPC.
- Add Binance Smart Chain Network to this wallet. Add the following lines in respective Boxes:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
5. Now copy your Wallet address once this is set up. It might start with 0x etc. Add the Safemoon Token to the Metamask wallet using add custom Token at the bottom in it. You can put the Safemoon’s contract address that is:
And it will automatically fetch other details and finally, add them. Now 0 Safemoon will show up in your wallet.
6. Now open Binance (You have the funds added already in Step 1 to BNB) and go to Wallet Overview and then click on Withdraw Tab button, Select BNB.
7. IMPORTANT: Select Binance Smart Chain BEP20 as the transfer network. ( You might receive 3 questions if you performing this first time, just answer them like you know what is Binance Smart Chain) It is one of the major steps in How to buy Safemoon.
8. Paste your Address here in Recepient’s BNB Address copied in point 5 above and hit Submit. You might receive a verification email or Mobile message, authenticator, etc. just verify and complete this step and send it to your metamask wallet.
9. Once you receive it, it would automatically show up on your wallet, now open the Website of Pancake Swap and Link your meta mask wallet by clicking on Connect and select metamask. Select V1 old version of Pancake swap for now!
10. Finally, now go to Trade in the left tab on Pancake and click on the exchange button, Choose BNB at the top and Safemoon at the Bottom, in settings put slippage at 12%. Now you can SWAP your BNB with Safemoon Token. Approve the transaction in the wallet and wait for it to confirm!
Easy, now you can click on the Metamask icon in chrome which you have pinned and you can see the amount of Safemoon in it and leftover BNB for transaction fees in the future. Thanks for reading How to buy Safemoon using Pancake Swap, Meta Mask? Everything you need to know! Let me know if you guys have any questions about my mail.
This is not a sponsored post and not involved with the Safemoon, be careful before investing in the volatile crypto market. We will update you on other crypto trends soon!