Investors with large amounts of SafeMoon reap huge daily rewards which they can sell on the market to lock in their profits. The cryptocurrency markets have started out 2022 in a downtrend, yet many investors are bullish on the asset class over the long-term. Buying dips and dollar cost averaging into positions has been a great strategy for many crypto investors. This way, you can average into your positions during dips to lower your cost basis. For the most up to date cryptocurrency prices, check out our crypto pricing table below. The Ellipal Titan is a multicurrency wallet that can support over 7,000 different cryptocurrencies.
You should also be aware of the potential for loss, and only invest what you can afford to lose. The MoonSwap smart contracts have been audited by several third-party security firms, including Slowmist and KnownSec — with no vulnerabilities found. The smart contract code for the project is also available to check on the MoonSwap GitHub repository. 90% of newly mined MOON tokens are distributed to liquidity providers, whereas the remaining 10% is reserved for the MoonSwap team. The crypto market is highly volatile and we do not recommend any particular cryptocurrency.
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase
It is created on 30th December 2013 and used frequently on global scale microtransaction. The maximum supply for this coin is 384billions which comes from millimeter distance from earth to the moon which also gives this coin its name. It has special programming language called MoonWord which can be used to do the transaction with any involvement from third party.
Whether you buy Mooncoin with a credit card, debit card or visa, there are a few different things that altcoins can be used for. Some altcoins can be staked – this way you “put your crypto assets to work”, and accumulate an interest throughout time. Naturally, you could just buy Mooncoin (MOON) and keep it in your secure wallet, hoping that the price will increase. Cryptocurrency investors coined the term “shitcoin” to describe crypto assets with either no justifiable value or no utility. More and more useless coins are being made on Binance Smart Chain, as these tokens are easy to produce, and Binance’s blockchain attracts many retail investors due to its low transaction fees.
- Calling these highly speculative, pyramid-scheme-esque cryptocurrencies “shitcoins” doesn’t explain the complete nature of these investments.
- Once you are registered to any of the above, find the BTC/MOON or ETH/MOON trading pair and then place the order to buy those pairing cryptocurrencies.
- Built on the Conflux network, MoonSwap is secured by a proof-of-work (POW) mining network, which effectively blocks both 51% and re-entrancy attacks to maintain the integrity of the network.
- There are some hurdles involved in buying SafeMoon, the biggest for beginners being that the only way to pay for purchases of SafeMoon is with other cryptocurrencies.
- Before writing full-time, David worked as a financial advisor and passed the CFP exam.
In addition, SafeMoon’s recent SafeMoon 2.0 update lowered transaction fees, which could make it more appealing to exchanges in the future and for other use cases. Each individual altcoin is going to have its own, specific features, benefits, and shortcomings, and will also be used in some very different scenarios. I mean, if you were to buy Mooncoin (MOON), you’d probably do so with a very specific intent in mind – purchasing any other cryptocurrency, though, you’d probably luckbox coin have different intents and reasons. Whether it’s seeking independence of your assets, exiting the governmental economy, or wanting to invest in this very promising phenomenon, purchasing Mooncoin (MOON) is taking a step into the future. Buying Mooncoin with credit card instantly is the most simple and effective way to purchase new generation alternative assets. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the MOONCOIN.
Private, Anonymous Transactions
Cryptocurrencies can make for risky investments, due to the inherent volatility in the market. They’re not like most traditional stocks, where gains — and falls — tend to be incremental; fortunes have been wiped out overnight. SafeMoon is one of the newest and fastest-growing cryptocurrencies, even in a market that saw Bitcoin and Ethereum reach record-high values in recent months. SafeMoon is a fairly high-risk, long-term investment, so before buying SafeMoon, make sure you have the nerves to accept short-term losses. If you hold SafeMoon tokens on an exchange, there’s no need to do anything, the exchanges will handle the migration process and notify you when the process is complete. For SafeMoon Wallet users, just update to the latest version of the app and follow the consolidation instructions.
Conversely, smaller holders make pennies each day, and they’re incentivized to hold these rewards in hopes of growing their base number of tokens. You can buy, sell or trade MoonCoin (MOON) on more than 10 exchange listed above. You can select some of above exchanges to buy MoonCoin (MOON) with USD, INR, CAD, EUR, GBP, RUB, etc. Also, you can use the same exchanges to trade MoonCoin (MOON) against cryptocurrencies like BTC, ETH, LTC, ETC, XMR, USDT, BNB, etc.
This is a financial incentive you won’t get from holding most other popular cryptocurrencies, where you only make money if the price goes up. Frankly, the best way to buy Mooncoin (MOON) or any other cryptocurrency (altcoin) is to find a reliable and reputable exchange, and then purchase the crypto of your choice. To fund this, SafeMoon charges investors a 5% fee to simply sell their tokens.
What Can Mooncoin & Similar Altcoins Be Used For?
SafeMoon does not have any other special use case besides being a store of value. It doesn’t facilitate any automated contracts or decentralized applications, like Ethereum. 73% of millionaires have already invested in cryptocurrencies or will invest in them before the year 2025, and MOON may be among them. There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them. That way, you can keep your currencies in your devices, such as your desktop or laptop.
Before making financial investment decisions, do consult your financial advisor. Go to the checkout & fill in your billing details – make sure it’s done correctly. A tip to keep in mind on how to buy Mooncoin – always double-check your info. Find a crypto exchange which allow pairing MOON with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency. After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
Calling these highly speculative, pyramid-scheme-esque cryptocurrencies “shitcoins” doesn’t explain the complete nature of these investments. With Tik Tok influencers promoting cryptocurrencies like SafeMoon, much of this newfound traction can be attributed to SafeMoon’s social media promotions. Like the original version, 50% of the fee is distributed to current token holders. The other 50% is divided among the SafeMoon liquidity pool and the managers of the overall SafeMoon ecosystem. SafeMoon is a cryptocurrency token that launched in early 2021, using blockchain technology developed by Binance.
That’s how much the hardware wallet market value is expected to grow comparing the years of 2019 and 2025. So after you Buy Mooncoin (MOON) with a card, be sure to choose the most secure hardware wallet for it. However, for well-versed cryptocurrency enthusiasts, it’s hard to consider anything on Binance Smart Chain as a DeFi token. Even though BSC is essentially Ethereum but with a few tweaks, it suffers from a huge lack of decentralization.
If you want to be involved, try to learn how to buy Mooncoin to get your hands on this microtransaction cryptocurrency. Although SafeMoon has a relatively small market capitalization, the token price is a bit misleading. With so many tokens in circulation, it’s essentially impossible for SafeMoon to ever how to reset exchange password reach $1, like some investors suggest. To reach this price target, SafeMoon would need a market capitalization about 600 times the size of Bitcoin’s. Buying MOON with a credit card, debit card or VISA is not enough – you have to find a secure place to store it & protect your Mooncoin from hackers.
How Is the MoonSwap Network Secured?
You’ll then have to withdraw the coins from the exchange, place them in a wallet and then transfer those coins onto an exchange with SafeMoon. To buy SafeMoon, use SafeMoon’s proprietary SafeMoon Swap to trade other crypto, like Binance Coin (BNB) for SafeMoon tokens. There are some hurdles involved in buying SafeMoon, the biggest for beginners being that the only way to pay for purchases of SafeMoon is with other cryptocurrencies. That’s because it’s not currently listed on any exchanges that accept fiat currency, like dollars. If you bought your Mooncoin & now you think that the time has come to cash out, there are multiple ways to do that. One of the most popular ways of selling your crypto is exchanging it for gift cards & discounts of various vendors.
This is because of the immense amount of tokens minted; the initial supply was 1 quadrillion tokens. Don’t fall for price bias – if you’re new to crypto, you may want to stick to Bitcoin or Ethereum. If you visit SafeMoon’s website, you’ll be greeted by a plethora of crypto-related buzzwords. Terms like “Static Rewards” are used to hide the token’s resemblance to a pyramid scheme. These “static rewards” increase the amount of SafeMoon investors own based on how long they hold their investment. We also gather additional information from different sources to ensure we cover all necessary data or events.
Even so, SafeMoon is a most unusual digital currency, as it imposes a penalty on anyone who tries to trade their coins (or “tokens”). Only a few months old, its sheer newness also might lead some potential crypto buyers to see it as an unknown quantity. SafeMoon is a risky investment because of high volatility, meaning the how to get bitcoin private price can swing up and down dramatically. While this is true of any cryptocurrency, if you decide to bail on SafeMoon, not only do you take your investment loss, but you will also lose another 10% because of the selling fee. An exchange you’ll definitely stumble upon when searching for where to buy Mooncoin is Binance.
The fastest way is to use a credit card but you will then be charged higher fees. While SafeMoon isn’t definitively scamming investors, it’s tokenomics resemble a pyramid scheme. Pyramid schemes accrue value from additional investors buying in, and without this SafeMoon would fail. Plus, those at the top of the pyramid scheme make much more than those who buy in late.
