Home » Finance » Cryptocurrency » How to Buy SafeMoon V2 (SFM)

How to Buy SafeMoon V2 (SFM)

To buy SafeMoon V2, you need to install a cryptocurrency wallet like SafeMoon Wallet (you can also use Trust Wallet or MetaMask).

Next, you need to buy BNB on Binance and transfer it to SafeMoon Wallet.

Lastly, you can swap BNB from SafeMoon V2 on SafeMoon Wallet.

Buying BNB from a cryptocurrency exchange like Binance is highly recommended.

This is because the fees are less expensive.

If you’re buying BNB from SafeMoon Wallet, there’ll be a fee of 3.5% (MoonPay) or 4.95% (Wyre).

On the other hand, if you’re buying BNB from Binance, the fee is only 0.1%.

Transferring your BNB from Binance to SafeMoon Wallet will take about 30 to 60 minutes to complete.

You’ll then be able to swap your BNB for SafeMoon V2 (SFM) on SafeMoon Swap.

Here’s how to buy SafeMoon V2 (SFM):

  1. Download SafeMoon Wallet
  2. Download the Binance app
  3. Buy BNB on Binance
  4. Copy your BNB address on SafeMoon Wallet
  5. Transfer your BNB from Binance to SafeMoon Wallet
  6. Swap BNB for SafeMoon V2 on SafeMoon Wallet

1. Download SafeMoon Wallet

SafeMoon Wallet App

Firstly, you need to download a cryptocurrency wallet.

There are multiple cryptocurrency wallets including SafeMoon Wallet, Trust Wallet, MetaMask, and more.

For the purpose of this guide, we’ll use SafeMoon Wallet.

Go to the App Store or Google Play Store and download SafeMoon Wallet.

After you’ve downloaded the app, you need to create a new wallet.

The wallet creation process requires you to save a secret recovery phrase and set up a password.

2. Download the Binance app

Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.

The second step is to use a cryptocurrency exchange to buy BNB.

This is because you need to swap BNB for SafeMoon V2 later on.

Binance is highly recommended because it has one of the lowest fees (0.1%).

To begin with, download Binance on the App Store or Google Play Store.

Follow the on-screen instructions to create a new account.

When you’re creating a new account, make sure to use “73583477” as the referral code.

The account creation process requires you to verify your identity by uploading your ID and a photo of yourself.

3. Buy BNB on Binance

After you’ve created a Binance account, it’s time to buy some BNB.

If you’re using the lite version of Binance, tap on the reverse icon.

After you’ve tapped on the reverse icon, tap on “Buy”.

Next, select “BNB” to buy BNB.

Enter the amount of BNB that you want to buy (minimum $100) and tap on “Buy”.

Lastly, choose your payment method and tap on “Confirm” to confirm your purchase.

4. Copy your BNB address on SafeMoon Wallet

Now that you’ve bought some BNB on Binance, you need to transfer it to SafeMoon Wallet.

Firstly, open SafeMoon Wallet and log in to it.

Once you’re on SafeMoon Wallet, tap on “Receive”.

After you’ve tapped on “Receive”, tap on “Smart Chain”.

Lastly, tap on “Copy” to copy your BNB wallet address on SafeMoon Wallet.

5. Transfer your BNB from Binance to SafeMoon Wallet

Withdraw BNB from Binance to SafeMoon Wallet

Now that you’ve copied your BNB wallet address on SafeMoon wallet, you can send BNB to it.

Open the Binance app and log in to your account.

If you’re using the lite version of Binance, tap on the wallet icon on the bottom navigation bar.

Next, tap on “Withdrawal”, select “Crypto”, and select “BNB”.

After you’ve selected “BNB”, you’ll land on the “Withdraw BNB” page.

On the page, you’ll see 3 fields including “Address”, “Network”, and “Amount”.

Firstly, paste your BNB wallet address from SafeMoon Wallet into the “Address” field.

Secondly, select the “Binance Smart Chain (BEP20)” network if it’s not automatically selected.

Thirdly, enter the amount of BNB that you want to transfer.

Lastly, tap on “Withdraw” to transfer your BNB from Binance to SafeMoon Wallet.

The transaction will take about 30 to 60 minutes to complete.

6. Swap BNB for SafeMoon V2 on SafeMoon Wallet

How to buy SafeMoon V2

After the transaction is complete, your BNB amount will increase on SafeMoon Wallet.

Now, you’ll be able to buy SafeMoon V2 by swapping BNB for it.

Firstly, open SafeMoon Wallet and log in.

Once you’re on SafeMoon Wallet, tap on “Swap” on the bottom navigation bar.

On the swapping page, make sure that “Smart Chain (BNB)” and “SafeMoon V2 (SFM)” are selected.

Next, enter the amount of BNB that you want to swap for SafeMoon V2.

Lastly, tap on “Swap” to swap BNB for SafeMoon V2!

Now, when you go to your wallet, you’ll see that your SafeMoon V2 balance has increased and your BNB balance has decreased.

Conclusion

The process of buying SafeMoon V2 (SFM) on Trust Wallet or MetaMask is similar to buying it on SafeMoon Wallet.

However, if you’re using Trust Wallet on an iOS device, you won’t be able to swap BNB for SafeMoon V2 directly on the app.

Instead, you’ll have to use PancakeSwap on your browser to swap BNB for SafeMoon V2.

This is because the DApp browser is removed for iOS devices.

Further reading

Is There a Trust Wallet Chrome Extension?

How to Import Trust Wallet to SafeMoon Wallet

How to Fix “No quotes available” on MetaMask

About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written hundreds of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Tower of Fantasy, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.