Regardless of a latest and ongoing industrywide value correction, cryptocurrencies are nonetheless the way forward for finance.
Whereas there’s fear, uncertainty, and doubt (FUD) about crypto, it is fairly simple to amass a few of the bigger, extra tried-and-tested cash like Bitcoin (BTC) and Ethereum (ETH). However acquiring smaller altcoins could be tougher.
On this piece, I’ll stroll you thru the steps to amass SafeMoon – launched on March 8, 2021, on the Binance Good Chain — dubbed by builders because the “world’s fasted rising cryptocurrency.”
Don’t be intimidated — it looks as if loads at first look. However for those who observe the steps so as, quickly (with some endurance), you’ll be a proud Hodl’er (a deliberate misspelling of the phrase “maintain” used within the crypto trade) of this new, fast-growing digital token.
A disclaimer earlier than we get began: That is not monetary recommendation. Though I’ll strive my finest to supply detailed and easy-to-follow directions, please remember that making a unsuitable transfer can imply you lose your cash in our on-line world — and I can not take duty for that! As one Redditor notes, sending cash to a unsuitable or incompatible handle is “the digital equal of dropping money out of your pocket on the road and having a random individual decide it up almost immediately.”
Moreover, even supposing in simply two months SafeMoon has appreciated greater than the S&P 500 has over the past decade, there isn’t any assure that these good points will proceed shifting ahead. I’d advise that you simply don’t make investments cash you aren’t keen to lose.
Here’s a shortened model of the steps we’ll take (a extra detailed clarification of the specifics will observe):
- Purchase Ethereum (ETH)
- Create an account on crypto alternate nftgamef.com
- Switch ETH to nftgamef.com
- On nftgamef.com: convert ETH to Binance Coin (BNB)
- Obtain/create an account on the MetaMask crypto pockets
- Arrange Binance Good Chain compatibility in MetaMask
- Add SafeMoon performance to MetaMask
- Ship BNB from nftgamef.com to MetaMask
- Use PancakeSwap app/web site to alternate BNB for SafeMoon
- SafeMoon will seem in your MetaMask pockets
Earlier than we get began, listed here are a number of notable factors:
- This how-to information is for customers in america.
- Binance.us (extra on this service beneath) takes a day or two to confirm your id – it is because america practices more-stringent Know Your Buyer (KYC) legal guidelines than many different international locations.
- Binance.us versus Binance.com: whereas this isn’t really useful, folks conversant in Digital Personal Networks (VPNs) can set their location to a rustic that allows the usage of nftgamef.com. nftgamef.com, versus nftgamef.com, permits merchants to make use of the service straight away with out inputting a lot private data. (Keep in mind: nftgamef.com and nftgamef.com are totally different platforms that require separate login/account particulars – examine the URL to be sure you’re on the specified platform).
- Cryptocurrency buying and selling typically comes with related charges, so be sure you take that under consideration and provides your self some padding. For this experiment, I began out with ~$275 in ETH and ended up with slightly below $250 value of SafeMoon.
- You may be creating a number of totally different accounts and wallets: Make sure that to jot down down your usernames, passwords, and seed phrases and preserve them someplace secure.
- Whereas I am going to clarify the fundamentals, for those who’re uncertain about any of the phrases or phrases on this information, Bitcoin Wiki is a good useful resource. You can too click on any hyperlinks for extra detailed explanations of a few of the extra difficult steps.
- Watch out and take your time: You can too seek the advice of the SafeMoon web site, Reddit, and even Google.
CRYPTO-SAVVYis an occasional collection from Inverse that explains the world of cryptocurrency and the place it’s going subsequent.
Steps: how one can purchase SafeMoon
To begin the method of buying SafeMoon, you may want a cryptocurrency pockets that comprises Ethereum. If you do not have ETH, I like to recommend utilizing nftgamef.com. With Coinbase, you possibly can create an account and, after verifying your id, join a debit card/checking account to purchase the cash effortlessly.
1. Purchase some Ethereum (as famous above) or convert one other coin to Ethereum. I had some Bitcoin holdings in my nftgamef.com pockets and transformed some BTC to ETH in minutes.
2. Create an account on nftgamef.com and confirm your id. As soon as verified, nftgamef.com means that you can purchase, promote, swap, and retailer quite a lot of cash.
3. Switch some ETH (as famous, I used about ~$275 value) out of your ETH pockets to your newly created nftgamef.com pockets. To do that, you’ll copy your nftgamef.com pockets handle (“to”) and paste it into the pockets that comprises your Ethereum (“from”). The switch ought to solely take a couple of minutes. nftgamef.com affords extra detailed directions on how one can deposit cryptocurrency into their platform right here.
4. After you have the ETH in your nftgamef.com pockets, “Convert” the ETH into the alternate’s native cryptocurrency Binance Coin (BNB). We’re utilizing BNB (on the Binance Good Chain) to purchase our SafeMoon as a result of the related transaction charges are a lot decrease than Ethereum’s transaction charges.
5. The subsequent aspect of the method is to obtain the MetaMask crypto pockets app on iOS or Android. To make issues smoother, I recommend you obtain the MetaMask browser extension for Google Chrome and sync it with the app.
6. Subsequent, we have now to arrange Binance Good Chain compatibility in MetaMask. Within the app (or browser extension), click on “Settings” > “Networks” > “Add Community” and enter the next:
Community Identify: Good Chain
RPC URL: nftgamef.com/
Chain ID: 56
Block Explorer URL: nftgamef.com
It’ll appear like this:
7. Click on both “Save” or “Add.” The Binance Good Chain will now be suitable with MetaMask.
8. Return to the MetaMask app’s house display screen, and on the prime, click on the place it reads “Pockets – Ethereum Most important Community.” Scroll down and choose “Good Chain.” It ought to now learn “Pockets – Good Chain” on the prime of the display screen, and the items will now not be denominated in ETH however in BNB. For extra detailed directions on connecting MetaMask to the Binance Good Chain, yow will discover Binance’s directions right here.
Under are two screenshots: earlier than on the “Ethereum Most important Community” (on the left) and after on the “Good Chain” community (on the suitable).
9. Now we have now Binance Good Chain compatibility with MetaMask, we’re going so as to add SafeMoon performance. On the backside of the principle display screen click on “Add Tokens” and enter the next within the “Token Handle” area:
After inputting this “Token Handle,” the “Token Image” ought to then auto-fill to “SAFEMOON,” and “Tokens of Precision” ought to auto-fill to learn “9.”
It’ll appear like this:
Click on “Add token.” On the MetaMask principal display screen, it is best to now see 0 SafeMoon subsequent to your 0 BNB.
10. Copy the handle of your MetaMask pockets (the handle will begin with “0x”) and return to nftgamef.com. Go to your pockets nftgamef.com pockets, click on “Withdraw,” paste your MetaMask pockets handle in the place it reads “Recipient’s BNB Handle,” and switch your BNB. The method will take a couple of minutes because it must be verified; shortly, the BNB will seem in your MetaMask pockets.
11. We’re virtually there! Subsequent, go to the PancakeSwap web site/app, and within the prime proper nook, click on “Join” and choose your MetaMask pockets.
In “from” be sure BNB is chosen (it is best to see your BNB steadiness) and click on “MAX.” In “to” seek for after which choose “SAFEMOON.”
Now go to Settings (click on the slider bar) and alter the “Slippage tolerance” to 12 p.c then shut the field.
At this stage, your PancakeSwap display screen ought to look one thing like the next screenshot (besides you should have a bigger BNB steadiness the place mine reads 0186212888 and also you received’t (but!) have a SafeMoon steadiness the place mine reads 41,453,300):
12. Click on “Swap.” You’ll have to attend 10-20 minutes for the community to confirm the transaction, after which your new SafeMoon ought to seem in your MetaMask pockets (together with a small quantity of BNB for transaction charges sooner or later)!
Right here’s what mine seems to be like:
13. Now you’ve got your SafeMoon in your possession and safely secured in your MetaMask pockets!
Use CoinMarketCap to examine the (quickly) fluctuating value of the digital asset. Maybe you may determine to promote for a revenue, or possibly, like me, you plan to “hodl” till it reaches the moon!