How To Buy SafeMoon In The UK

Last Updated October 6th 2022
15 Min Read

A Beginner’s Guide to Buying SafeMoon in the UK

Planning to buy Safemoon? Well, cryptocurrency investment is essential to greater success. We’ve made it easy with our complete guide on how to buy Safemoon in the UK.

A relatively new cryptocurrency, SafeMoon, has recently conquered new positions in the cryptocurrency price chart. Launched in March 2021, it jumped over 20,000% in a month, catching the attention of several crypto investors. This cryptocurrency promises to solve one of the biggest problems related to digital currencies - volatility. SafeMoon aims to do this by charging a flat fee of 10% from sellers and grant holders with a part of it.

For investors, SafeMoon is an affordable cryptocurrency for the newbies in the crypto trading, and currently, it is traded somewhere at $0.000004. If you want to buy this cryptocurrency but cannot find an appropriate crypto exchange to do it, this guide is for you. In this article, we will discuss what SafeMoon is, what it aims to solve, and explain step-by-step how to buy SafeMoon in the UK.

How To Buy SafeMoon In The UK – Quick Guide

To help you buy SafeMoon coins as quickly as possible, we broke the process down into a few easy steps:

  • Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
  • Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time. 
  • Step 3: Deposit – Fund your new eToro account with a minimum of $10. 
  • Step 4: Search for SafeMoon on eToro – Search for SafeMoon in the eToro crypto market.
  • Step 5: Buy SafeMoon – Enter the amount of the worth of SafeMoon you want to purchase in United States Dollars (USD), then click Open Trade. 

That’s it! By following these easy steps, you can buy SafeMoon in The UK in less than 5 minutes.

 

invest in safemoon

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy SafeMoon In The UK

Are you searching for how to buy SafeMoon in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you. 

List of the best Exchanges to buy SafeMoon in the UK:

Looking where to buy SafeMoon in the UK right now? Below you will find 4 of the best brokers that allow you to buy SafeMoon in the UK. 

  • eToro - Best broker to buy SafeMoon in the UK
  • Binance - Best exchange to buy Internet SafeMoon UK for asset diversity
  • Coinbase - Best exchange to buy Internet SafeMoon for beginners
  • OKEx - Best broker to buy SafeMoon UK for low-cost

invest in safemoon

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

What Is SafeMoon?

From the beginning of their creation, cryptocurrencies have faced the problem of high volatility. It means that their prices fluctuate very often, which makes them impractical for daily buy and sell purposes. So, if you buy Bitcoin today, you cannot know if it would have the same value after a month that it had at the time of buying. SafeMoon project creators declared that they could solve this problem. 

The cryptocurrency project emerged in the first quarter of 2021. It shortly after became one of the fastest-growing cryptocurrencies in the world, partly due to the celebrities that endorsed investing in SafeMoon. Among them are DJ Afrojack, UFC boxer Jake Paul, Brett Ratner, and several others. 

So, what is actually SafeMoon? It’s a cryptocurrency project based on the Binance Smart Chain Blockchain and uses a protocol that runs on the BEP-20 token. As its name suggests, SafeMoon aims to be a secure cryptocurrency, and its prices will “go to the moon”, or in other words, will rise overwhelmingly. But the real aim of SafeMoon is to keep costs stable, which it does by endorsing investment and discouraging selling.

​​There are two main characteristics describing this cryptocurrency. Firstly, it’s a deflationary coin, which means that its creators manually burn coins which decreases its supply and increases its value. The second one is its rewarding system for SafeMoon holders. So, whenever someone sells SafeMoon coins, a flat fee of 10% is charged from the seller, which is split in two, and 50% of this fee goes to the SafeMoon holders. 

Due to this reward strategy, SafeMoon boosts long-term investment and reduces selling pressure which helps to stabilize its value. The other half gained as a fee is again split in two. The first half is converted into Binance Coin, while the second half again returns to the SafeMoon liquidity as a SafeMoon token. 

As for its founders, SafeMoon is managed by six leaders. The CEO of the project is John Karony, who worked as an analyst for the United States Department of Defense. Thomas Smith is a SafeMoon’s blockchain officer, and he has a career in decentralized finance and blockchain. Other members involved in SafeMoon’s leadership team include Charles Karony, Ryan Arriaga, David Smith, etc. 

Should You Buy SafeMoon

You should keep in mind two main things if you have decided to invest in SafeMoon. First and foremost, SafeMoon is a very risky investment. When it was launched, the prices really headed to the moon, and it hit an all-time high on April 21, being traded at $0.0000119. This astronomical rise helped SafeMoon become a hot topic among crypto investors. Plus, several celebrities started to talk about it, which made SafeMoon even more popular.

Another thing that makes SafeMoon a speculative asset is that it does not have any practical use in the real world. It’s sort of another cryptocurrency that lacks serious plans for the future and tries to solve issues inside the crypto market. So, there is less probability that SafeMoon will become a cryptocurrency of the future. Hence, we recommend you invest in SafeMoon only if you have some money you can afford at risk. 

invest in safemoon

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Buy SafeMoon Online In The UK - A Step by Step Guide 

Follow this step-by-step guide to learn how to buy SafeMoon online in the UK. 

Step 1: Find a UK Crypto Exchange that Supports SafeMoon

In the first place, you need to find a platform where you can purchase SafeMoon. As SafeMoon is quite a new cryptocurrency, it's not yet listed on any of the major crypto exchanges. But there is a safe way to get it - swap it on Pancakeswap automated market maker with another digital currency such as Binance Coin. With that in mind, here are two of our recommended brokers where you can buy BNB. 

eToro: Along with its various tradable assets, eToro supports some major cryptocurrencies, which you can buy without paying any commission fees. It's a heavily regulated platform that provides you with safe and quick trading. eToro supports multiple payment options and does charge any deposit fees when you fund your account. 

Step 2: Register for an Online Account and Deposit Funds

As soon as you choose a cryptocurrency exchange to buy SafeMoon or another famous crypto, you need to register for an online account. It usually takes some minutes on the major crypto exchanges.

The next thing you need to do is to verify your account and choose a payment option to deposit money. Note that some crypto exchanges may require a minimum deposit to allow you to trade. When your account is verified and charged with enough cash, you can search for the coin you want to buy, fill in the amount you want to swap with the SafeMoon coin, and buy it. 

Step 3: Buy SafeMoon

The next step is to visit the Pancakeswap website and link one of the wallets that the platform supports. You need to transfer the cryptocurrency you bought on the crypto exchange to that wallet beforehand. If everything goes smoothly, you can finally exchange the coins with SafeMoon coins. Just click on the Trade button on the Pancakeswap website and fill in the amount you want to swap with SafeMoon. 

Step 4: Transfer Your Funds to a Cold Storage Wallet

Now when you have your SafeMoon coins, they will be automatically transferred to your linked wallet. You can then transfer them to another wallet or leave them on the linked one. It's worth mentioning that you can select between two types of wallets - cold storage and hot storage. The first one is a hardware wallet that is a physical device and keeps your coins offline. In contrast, the second one is an app that you install and store your coins online.

invest in safemoon

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Sell SafeMoon Tokens In The UK 

The most common way of making money from cryptocurrencies is buying and selling when the prices are high. If you decide it is the right time for you to sell your holdings, you can follow the same step as the buying process. 

Go to the sale section on the exchange and enter the SafeMoon tokens you want to sell. You can sell the tokens either for GBP or for other cryptocurrencies like Bitcoin. Once you have completed your transaction, you can withdraw your earnings from the crypto exchange. 

How To Trade SafeMoon Online In The UK - A Step by Step Guide

Using a SafeMoon coin for short-term trading is most likely not a good idea, as long as you will be charged an extra 10% every time you sell it (not including the trading fees). But if you have decided to trade it, here is a complete guide explaining how to trade SafeMoon online in the UK. 

Step 1: Find an Online Trading Platform that Supports SafeMoon

As mentioned previously, SafeMoon coin is not listed on major cryptocurrency brokerage platforms, but you can still buy it on Pancakeswap. You can only swap it with another digital currency on this platform and cannot get it with fiat. So, firstly you need to visit a cryptocurrency exchange, buy Binance Coin, and then transfer it to a wallet supported by Pancakeswap. 

Step 2: Fund Your Account

To buy Binance Coin on a cryptocurrency exchange, visit its website, click on "Sign up for an account" or a similar button and create an account. After registering and verifying your account, you need to deposit money by selecting one of the payment methods the exchange supports. When you succeed in all these steps, you can search BNB and buy the amount you want. 

Step 3: Develop a Trading Strategy

Trading strategies usually fall into two main groups - short-term trading and long-term trading strategies. As already explained, the SafeMoon coin can be a good long-term investment, so you had better choose a long-term trading strategy for that matter. "Buy and Hold" is one such mechanism to invest in SafeMoon, following which you can buy SafeMoon and wait for the appropriate time when the prices will rise, and when you can get a good reward by selling it. 

Step 4: Start Trading SafeMoon

Now, when you have bought BNB to swap with SafeMoon and developed a trading strategy, you can move on to trading SafeMoon. For this, visit the Pancakeswap website, link your wallet and exchange your BNB with SafeMoon. Now, when you have your SafeMoon coins, you can start trading. 

trade safemoon

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Key Things To Consider Before Buying SafeMoon In The UK 

Before buying SafeMoon, you need to consider the following: 

Level of risk 

You also need to assess the level of risk involved in investing in SafeMoon. Afterward, you can gauge whether it will be a worthy investment for you or not.

Performance 

It would help if you looked at how SafeMoon has been performing in recent years before buying the token. 

Usability 

Look if there are areas where SafeMoon is being used for developing DeFi protocols. The more usable a token is, the higher the chances of it appreciating. 

SafeMoon Pros And Cons

If you are still undecided about investing in SafeMoon or not, below we have listed the pros and cons of this cryptocurrency that will probably help you better understand its essence.

Pros:

Its value increased 20,000% in a month

Many celebrities endorse investing in SafeMoon

It distributes rewards to coin holders

It's a deflationary coin, which means that a particular amount of SafeMoon is burnt at a time. 

Cons:

It's a somewhat risky investment

It doesn't serve any real-world purposes

10% of fee is charged when you sell it

The coin is not listed on major crypto exchanges

 

Is SafeMoon A Good Long-Term Investment?

If you are hesitating between investing in SafeMoon as a long-term or short-term investment, you had better choose the first one. It’s because SafeMoon founders settled some advantages for investors who hold their coins for a longer period. So, if you sell your coins, you must pay 10% of it as a fee. But as a holder, on the other hand, you will be rewarded with more coins due to those fees charged from the sellers. 

What Will Be SafeMoon Worth In 2025?

On the whole, the algorithms specially decided for cryptocurrency price predictions forecast that SafeMoon value will rise in the future. The Wallet Investor’s AI algorithm predicts that the prices can reach $0.000005 from $0.000004 in one year. According to it, SafeMoon is an excellent long-term investment with a 21.31% potential return in one year. 

Another algorithm designed by Digital Coin Price is more optimistic about SafeMoon value. According to it, SafeMoon will be traded at $0.000007 in 2022 and hit $0.00001 by the year 2025. And in 2028, SafeMoon can reach up to $0.000018. The bottom line is - They consider SafeMoon a profitable investment with a Strong Buy indicator. 

Don't Miss: SafeMoon Price Predictions

What’s The Purpose Of SafeMoon?

In essence, SafeMoon is another speculative cryptocurrency without any real-world purposes. The only goal that the cryptocurrency project wants to solve for now is crypto volatility. Presently, there are not any future developments offered by its team. Instead, they have set some plans for the future, but this is for marketing purposes, not for the further development of the project.

Among those plans are launching a SafeMoon game, app, and wallet, as well as a SafeMoon exchange. The team also wants to start negotiations with famous crypto exchanges to list it on them. There are also some plans to expand the team, to open an office in Africa, etc. 

Is SafeMoon Mining Profitable?

At the time of writing, the issue of mining SafeMoon is somewhat unclear. The only way to get SafeMoon is to swap it on Pancakeswap AMM, but you can stake your coins to get rewarded for that. So, whenever someone sells their coins, a 10% fee is charged from them, half of which is distributed among the SafeMoon coin holders. Hence, if you hold SafeMoon for a long time, your reward will be larger. In contrast, if you sell it, you must pay a 10% fee for every transaction. 

Buying Or Trading SafeMoon - Things To Take Into Consideration

All in all, SafeMoon is a cryptocurrency project that uses deflationary coins and reward mechanisms to build its ecosystem. Its blockchain promises holders to reward more coins from the fees paid by the sellers. This characteristic makes SafeMoon less appealing for a short-term investment while boosting long-term investment in the project. Aiming to create stable liquidity in this way, SafeMoon founders want to solve the volatility problem. 

One of the most significant disadvantages of SafeMoon is that you cannot buy it on popular crypto exchanges and the only safe way to buy Safemoon in the UK is to swap it with another coin on Pancakeswap. Later, you can transfer it to a cold storage wallet or a wallet app.

Nonetheless, there's a huge potential by investing in this coin, much like Dogecoin and Shiba Inu coin. One thing that you must consider before investing in this coin is that it involves higher risks. So, invest only what you can afford to avoid losing your capital.

eToro – Best Exchange To Buy SafeMoon In The UK

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.