Since its launch in early 2021, Safemoon has soared in popularity in the crypto market. With the slogan “Safely to the moon”, it increased in value by 23,225% between March and April 2021.
This attracted a plethora of investors who helped start many projects and launch a second version of the token, Safemoon V2, in December.
The token also has a massive community that supports the work and projects on social media, making Safemoon one of the most profitable tokens in the crypto world.
But buying Safemoon isn’t as simple as buying Bitcoin or Ethereum.
This is because it is unavailable on popular exchanges like Coinbase and Binance exchange.
So, how can you buy Safemoon?
Well, you can buy Safemoon using the Trust Wallet.
In this article, we’ll discuss all about the question how to buy Safemoon on Trust Wallet
What Is the Deal with Safemoon?
The Safemoon token is a community-driven approach to decentralize financial systems.
Early investment into the project pushed the ROI over 20,000%. For instance, if you had invested $20 when the one token valued $0.000013, you would have received $26,000.
The Safemoon project aims to create blockchain, meta verse, and NFT products to get value from crypto technology.
Recently, the team launched a second version of the token based on four functions namely, reflection, LP acquisition, token burn and growth fund.
In simple words, you need to pay a 10% transaction fee on every Safemoon transaction you make. 5% of the fee gets distributed among all Safemoon holders while the rest 5% goes to liquidity pools which help people sell and buy Safemoon.
Bottom-line: Safemoon is growing by many folds.
How to Buy Safemoon on Trust Wallet?
Now, let’s address the prime question: How to buy Safemoon on Trust Wallet?
Well, you can’t purchase Safemoon directly on Trust Wallet.
This is because Trust Wallet is a wallet where you can hold your cryptocurrency. But you can connect it to a marketplace to buy Safemoon.
In our case, you need to connect your Trust Wallet to PancakeSwap.
The first thing you must do is download the Trust wallet from the iOS / PlayStore on your mobile device.
Then, launch the application and follow the on-screen instructions to set up your wallet.
You’ll receive a set of recovery phrases which are critical to your wallet.
If you can’t access your wallet, then these recovery phrases can help you retrieve the stored cryptocurrencies. Hence, keep the phrases carefully.
That’s it. Now, you can buy Safemoon using the wallet.
How can you do this?
Let’s go through a stepwise process to make it simple.
Purchase BNB on Binance Exchange
Unfortunately, you can’t buy Safemoon with fiat. You need the Binance coin to trigger the purchase. Hence, the first thing you need to do after setting up the Trust Wallet is buy BNB from the Binance Exchange.
You can do this using your credit or debit card, or use Peer-to-peer exchange on the Binance exchange or Trust Wallet.
Convert BNB to Smart Chain Tokens
The second step is to convert all the BNB you have purchased into Smart Chain Tokens.
Well, if you have purchased BNB from the Binance exchange, you need to transfer the token to your Trust wallet using your Wallet Address.
Now, swap all the BNB to Smart chain.
Open Pancake Exchange
Most people get confused on this step, especially iOS users. This is because to connect your Trust Wallet to PancakeSwap, you must connect your wallet to the DApp browser.
Now, the DApp browser is available at the bottom of the screen for Android users, while you need to force it on the iPhone.
To achieve this, open safari and search the URL: trust://browserenable
When prompted, click on “Open this page on Trust?”
This enables the DApp browser.
You can now search for PancakeSwap by clicking on the DApp browser.
Convert Smart Chain to Safemoon
Now, connect your Trust Wallet to PancakeSwap. This will enable you to exchange the smart chain tokens in your wallet for Safemoon tokens.
On the PancakeSwap page, search for Safemoon.
Well, all you need to do is make the slippage tolerance to 12% and pay a 10% for each transaction you make.
Lastly, set the amount of BNB you want to exchange and press on “Confirm Swap”.
Enable Safemoon on the Trust Wallet
Most people face a situation where, after purchasing Safemoon from the PancakeSwap, they don’t find the token in their Trust Wallet.
This happens because you haven’t enabled the Safemoon token on the wallet.
To accomplish this, Open your Trust Wallet and click on “Add Custom Token”.
Now, search for Safemoon and paste the contract address you received after purchasing the token on PancakeSwap.
This will showcase your tokens in the wallet.
There you have it. Now, you know all about the question how to buy Safemoon on Trust Wallet. You also know why Safemoon is one of the most popular tokens in the crypto world.
By following every step, you can purchase Safemoon from PancakeSwap. I hope this article helps.