How To Sell Safemoon:
If you are an investor then you are always in the search of instant profit. It will be time to make a profit when the SafeMoon token comes crashing down. Therefore, you should learn how to sell SafeMoon (SMN) tokens on Trust Wallet if you own any. But the procedure has to be treated with some uncertainty because it is not clear-cut enough.
But no worries because we include everything you require for a simple and stress-free transaction. We will cover the actions you need to take to get started in this straightforward guide.
What is Safemoon?
In March 2021, SafeMoon, a cryptocurrency coin, was issued on the Binance Smart Chain network. The object appears as a Defi token (decentralized finance). This suggests this is a part of a decentralized financial system that enables transactions across peer-to-peer network systems without the involvement of particular references like banks or governments.
How To Sell Safe Moon On A Trusted Wallet 2024:
It is the 100-dollar question that how to sell a safe moon. Since the safe moon is not directly sold on Trust Wallet. The safe moon is a digital cryptocurrency that runs on Binance smart chain technology.
Therefore, selling Safemoon through Binance would be the simplest choice for individuals who already have a Binance account. However, you need to convert your safe moon tokens into Binance coins if you want to sell safe moon.
To sell Safemoon on Trust Wallet, you must follow a few procedures;
Step 1: Install the Trust Wallet app on your phone after downloading it.
iOS users can access this app via the App store. For Android users, I t must be downloaded from the Google Play Store.
When you start the program to “Create a new wallet” once it has been downloaded, you will be given a 12-word recovery phrase that may not be edited or restored in the situation that it is lost.
In a sense, the phrase serves as a backup for your money, so if it is lost, the money is also lost.
Therefore, it’s critical to make sure that the phrase is stored safely so that it is not ignored or misplaced. You may use the wallet for a variety of coins when it is created.
Step 2: Open your Safemoon wallet
The address for the Safemoon token will be displayed when you access the homepage of the trust wallet.
Before you take any further action, make sure you are aware of the number of Safemoon that is present in your wallet.
Step 3: Open Pancake Swap on the Trust Wallet DApp Browser.
When you open the Trust Wallet app, select “Browser” from the menu that appears, and then select “Pancake Swap.”
It is up to the customer to decide which trade to utilize, however, Pancake Swap is the greatest option for buying Safemoon.
Step 4: Switch to Safemoon Currency From BNB Smart Chain
Enter “Safemoon” into the search field in Pancake Swap by selecting or tapping the BNB symbol in the “From” column.
After it has been searched, pick “Safemoon” to get a statement concerning the 10% transaction fee, of which 5% is given to token holders and the other 5% is added to availability.
Simply touch “I understand” before tapping “Continue” to move forward. Next, you must input the Safemoon quantity you want to exchange. Then you must tap the aquamarine icon that displays next to the clock icon.
Select “Confirm Swap” after choosing “Swap” from the list. The user will then be sent to a website with details on the BNB network’s fees.
Step 5: BNB conversion Smart Chain To Binance Chain
Convert Safemoon to BNB, then return to Trust Wallet’s main website. One might notice their converted Safemoon as BNB Smart Chain too.
It is now required to trade this Smart Chain for Binance Chain or Binance Coin.
Simply touch or click on “Smart Chain” and then pick “more” to exchange the BNB Smart Chain for Binance Coins. Click “Swap to Binance Chain” here.
Pick 100% by tapping anywhere in the “You Pay” area. A confirmation screen notifying you about the networking fee will appear after this action.
There, click “Send,” then proceed.
One should be capable of seeing their BNB on the app’s main screen at this time, and they will be able to easily trade their BNB for another currency at an outside wallet address.
Step 6: Sending BNB To A Binance Account
Sending BNB to Your Binance Account is an integral step in the selling of Safemoon transactions since without it, one cannot withdraw funds to a bank account.
To achieve this, choose BNB, then “Send,” keeping the tab open in case you need it later.
Visit the “Wallet” section of your Binance US account to begin the withdrawal procedure. There, choose “Deposit.”
Select BNB as your desired coin, then put your wallet’s address and your BNB memo number again into the Trust Wallet.
The recipient contact information is entered under “Recipient address,” and the BNB memo number is entered under “Memo.”
Next, click “Next” after tapping “Max.” On the following confirmation page, “Send” must be picked.
The traded Safemoon will display as BNB in the user’s Binance account after sending.
Step 7: Sell BNB for a currency like USD
The last step in this procedure is to sell BNB for USD currency. To do this, sign in to your Binance account on their website.
Go to “Buy Crypto” on your Binance account.
The “Sell” button may be found there; click on it. Then, under “Payment Method,” choose the relevant currency after selecting “BNB” from the list of choices.
Select “USD” from the list of options, for instance, if you want US Dollars. After that, touch “Max” and choose “Sell BNB.”
One will be able to efficiently sell Safemoon for their preferred money, such as USD.
Withdrawing money from your Binance account and transferring it into your bank account would be the next and last step.
Step 8: Deposit Cash Into A Bank Account
Once you have exchanged your BNB into USD or any desired currency, you must submit a cancellation request.
On Binance, choose “Fiat and Spot” to carry out this. To make a withdrawal, one must, however, ensure that their account is validated.
Ways to Transfer BNB to Binance US
- Click “Send” after tapping “BNB.” You’ll need to come back to this tab, so keep it open.
- Visit Binance US, choose “Wallet,” and then click “Deposit.”
- Copy your bitcoin wallet and your BNB memo number, simply select BNB as your cryptocurrency.
- Return to Trust Wallet. Under “Recipient address,” type the address, and under “Memo,” type the BNB memo number.
- Click “Next” after tapping “Max,” and you’ll be sent to a confirmation page. Press “Send.”
- Your SafeMoon-exchanged BNB should now be displayed on your Binance US account.
How to Convert BNB into USD
- Click the “Sell” tab below “Buy Crypto” on the Binance US w
- In “Sell,” choose “BNB,” and under “Payment Method,” choose “USD.”
- After choosing “Max,” pick “Sell BNB.”
- Congratulations, your SafeMoon has now been sold for USD.
Which Time Is the Best for Selling SafeMoon?
Selling your SafeMoon coins might be the ideal option to profit from them. If you want to leave the crypto market right away or wait till it provides more benefits for investment purposes, you must understand what is going on with it. Because in this rapidly changing environment that we live in, there will always be a period when one wishes their investments to act as a buffer against unpredictability.
However, a coin seller demands a 10% fee but it is not a big deal. Half of your investment will be refunded to you as dividends, allowing long-term investors to make significant profits while still enjoying access to many more affordable costs than other investors.
Always do your research before investing because the cryptocurrency market is unpredictable and anything might happen between the time you invest and when it occurs. Even if things do not go according to plan, the analytics will track your progress toward a target even if you first lean away from it.
Conclusion:
Eventually, SafeMoon cryptocurrency owners may finally sell their tokens and get fiat money in a short amount of time. However, all of this ultimately relies on how many tokens they desire to trade and the exchange currency they have selected.
The remainder will be handled by the exchange. The technique is straightforward, but as is common when working with cryptocurrency, traders must use caution to prevent asset loss. We hope you understand how to sell a safe moon after reading this blog post.