How to withdraw SafeMoon from trust wallet | Crypto Tutorial
SafeMoon is a new token released in early March 2021 to incentivize buyers and penalize sellers, hoping to drive total value “to the moon”!
The Trust wallet is the easiest and quickest method to purchase SafeMoon. The Trust Wallet is a decentralized wallet that allows users to access Decentralized Applications or DApps. Its primary purpose is to make crypto more accessible by providing a straightforward user interface.
What is SafeMoon?
The safe moon is encrypted money exclusively available online and is intended for use as a medium of trade; like prominent cryptocurrencies like Bitcoin and Ethereum, SafeMoon utilizes Blockchain technology. The safe moon was developed on the Binance bright chain and had a market value of around 1.3 billion dollars as of last year. The transaction volume for Bitcoin is over 930 billion dollars, demonstrating the gap in reputation between the two currencies.
Its goal is to persuade you to invest for the long haul. It does this by charging buyers a ten percent charge, half of which goes to currency holders and the other half to the liquidity pool. If you’re looking for a long-term investment, this currency is a viable option. Safe moon owners also limit the quantity of SafeMoon in circulation manually to restrict supply and raise costs.
How to Withdraw from Trust Wallet
Suppose you wish to withdraw your crypto from Trust Wallet. In that case, the procedure is the same whether it is a conventional cryptocurrency or a stable coin: Navigate to the “wallet” tab at the bottom of the app from within the Trust Wallet.
Step 1: At the bottom of your app, navigate the “Wallet” tab.
Step 2: Choose the cryptocurrency you want to transfer and hit the “Send” button.
Step 3: Go to the exchange or wallet to send your cryptocurrency. Find the “Receive” or “Deposit” address and “Copy” it.
Step 4: Return to Trust Wallet and “Paste” the address in the “Recipient Address” field.
You may also utilize the QR code, which will immediately pre-populate your withdrawal address.
Withdrawing SAFEMOON from other exchanges
The process of selling SafeMoon is quite identical to purchasing it. In any case, whether you can trade the asset or any other crypto asset is determined by its liquidity. What we mean by liquidity is demand. This influences whether the bitcoin asset is sold or not. Before attempting to sell your safe moon, ensure a valid withdrawal route.
The safe moon isn’t traded on major crypto exchanges like Binance or Coin base; instead, it’s purchased and sold on Pancake Swap or withdrawn from trust wallet, a platform that facilitates the trading of several cryptocurrencies. To sell SafeMoon, you must have a cryptocurrency trading account that accepts BNB. In this case, Binance US will be utilized.
To sell SafeMoon, you’ll need to have a BNB-accepting cryptocurrency trading account. Binance US will be used in this example:
- Open the Trust Wallet app and select “Browser” from the menu (“DApps” for Android users).
- Select “PancakeSwap” from the menu.
- Tap the BNB symbol in the “From” column. Enter the term “In the search field, type SafeMoon.
- “Press the “SafeMoon” button.” You’ll be notified that SafeMoon charges a 10% transaction fee, of which 5% is handed to token holders, and the rest is used to increase liquidity. To continue, tap “I understand” and then “Continue.”
- Next to the clock sign, tap the aquamarine icon. Set your slippage to 12% and press “X.”
- Select “BNB” from the “Select a currency” menu.
- Tap “Max” in the “From” area to sell all of your SafeMoon tokens (or enter in the amount you’d like to sell if you only want to sell a part).
- Select “Swap” and “Confirm Swap” from the drop-down menu.
- You will be sent to a page detailing the BNB network charge. Click “Send” after you’re happy with it.
The notification “Transaction submitted” will appear after that. The transaction’s status may be checked by clicking the BscScan link. It’ll go from “Pending” to “Success” after being processed.
Safe moon has a market value of $987 billion and a daily trading volume of $9.8 million. Because it is a digital asset, it can be readily acquired, preserved, and sold. It is not currently accessible on powerful crypto exchange platforms. However, the best exchanges to utilize for trading SafeMoon are ZBG, Gate.io, Bitrue, BitMart, and LBank. As always, use caution while purchasing cryptocurrencies, particularly meme tokens.
They are a volatile asset type that may fall just as rapidly as they can rise. Always use suitable risk management techniques.