Buying Safemoon token is easy once you understand the process. This step-by-step guide details setting up Trust Wallet, purchasing BNB coins, and exchanging for Safemoon via PancakeSwap. Let‘s get started!
Here is an overview of what we will cover:
- Download and install Trust Wallet app
- Purchase BNB coins from an exchange
- Transfer BNB balance to Trust Wallet
- Convert BNB to Smart Chain in Trust Wallet
- Connect Trust Wallet to PancakeSwap exchange
- Trade Smart Chain for Safemoon tokens
- Add custom token in Trust Wallet to view balance
Introducing Safemoon: The Popular DeFi Token
Safemoon burst onto the crypto scene in March 2021 with incredible growth thanks to a unique tokenomincs model rewarding long-term holding. By April 2021, Safemoon already had a stunning 20,000% return since launch!
Today Safemoon continues strong community momentum across social media and stands out with:
- 2.8 million+ Twitter followers – more than Litecoin or Cardano!
- 1 million+ subreddit members on r/SafeMoon
- Ambitious roadmap including exchange, wallet, NFTs
The team applies a 10% fee to all transactions with 5% rewarded to holders and 5% providing liquidity on PancakeSwap exchange. This incentivizes stabilizing price impact rather than volatile speculation.
Meanwhile, manual token burns and anti-whale protections make Safemoon economics favorable to small investors.
Given the hype and incredible upside, it makes sense to consider adding this high-risk, high-reward asset to your portfolio.
Why Trust Wallet for Holding Safemoon?
While buying Safemoon is still more complex than mainstream coins, using Trust Wallet streamlines the process substantially.
As a mobile-first hot wallet, Trust Wallet suits Safemoon perfectly with:
✅ Intuitive design optimizing crypto beginner experience
✅ Top-grade security via encrypted storage and private keys
✅ Direct integrated access to DeFi exchanges like PancakeSwap
✅ Support for Safemoon and thousands of other coins/tokens
✅ Strong 9M+ user community entrusting $50B+ in assets
I rely on Trust Wallet to manage tokens like Safemoon securely while enabling easy decentralized trades. Now let me guide you through step-by-step!
Step 1 – Download and Setup Trust Wallet
First, download Trust Wallet mobile app for iOS or Android device.
Once installed, the startup wizard will ask you to backup your private keys as a 12 word recovery phrase. Carefully write this down and store somewhere safe offline. It functions as a master key if you ever need to restore your wallet.
With your recovery phrase saved, that completes basic setup. Now time to fund your wallet!
Step 2 – Purchase BNB Coins
To exchange for Safemoon, first we need acquire some Binance Coin (BNB)…
Step 3 – Transfer BNB into Trust Wallet
Step 4 – Swap BNB to Smart Chain in Trust Wallet
Step 5 – Connect Trust Wallet to PancakeSwap
Step 6 – Trade Smart Chain for Safemoon Tokens
Step 7 – Add Custom Token to View Safemoon Balance
Tips for Managing Your Safemoon After Purchase
Congratulations, you now own hot new Safemoon tokens! 🎉🎉🎉
Here are some additional tips for managing your coins:
🔑 Back up any wallet updates from Settings > Wallets > Backup to ensure latest seed phrase access
🔒 Enable all available security features like app lock pin and biometrics
👀 Bookmark PancakeSwap DApp browser to easily exchange more tokens later
✏️ Save Safemoon contract address to add token quickly to other wallets if transferring: 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5
💰 Consider storing only smaller amount of Safemoon on mobile wallet while keeping majority holdings in cold storage hardware wallet for better protection
While Safemoon remains volatile and risky like most cryptocurrencies, it continues gaining mainstream momentum. I hope this guide helps you safely access this popular new asset. Let me know if any other questions pop up!
