Buy SafeMoon (SAFEMOON)Coin in India — Step by Step guide for beginner’s guide.

Buy SafeMoon (SAFEMOON)Coin in India — Step by Step guide for beginner’s guide.

Buy SafeMoon (SAFEMOON)Coin in India — Step by Step guide for beginner’s guide.

How to Buy SafeMoon in India?

What is SafeMoon (SAFEMOON) Coin?

Safemoon Protocol is a cryptocurrency based on the original Bitcoin-based blockchain technology which performs Reflection, Burn, and LP acquisition functions during each trade. SafeMoon is a Defi (Decentralized Finance) token. SAFEMOON plans to develop an NFT exchange and crypto educational apps along with rewarding the token holders.

Launched on 8 March 2021, Safemoon has received immense support from investors. The main purpose of the coin is to fix issues like price volatility.

Key features of SAFEMOON Coin

There are various features that SAFEMOON coin offer. A few of them are:

1. Easy Money: SafeMoon is designed and programmed to reward its holders along with an increase in value and liquidity. There is no need to farm or claim; holders will see increased coins in their wallets.

2. High Security: SafeMoon is unruggable and very secure as the initial liquidity has been locked forever. It burns the LP tokens, which makes it impossible to remove liquidity at any time.

3. Good Future Potential: SafeMoon has deflationary tokenomics that will protect investors’ capital over a period of time.

What Makes SafeMoon So Special?

The availability of high APY LP farms that are inaccessible to newcomers to the area, according to the SafeMoon white paper, is a major issue in the burgeoning Defi industry. SafeMoon’s goal is to employ the concept of static incentives (making the reward conditional on the volume of the token being exchanged) to alleviate any pressure on the token that may occur when tokens are sold.

Furthermore, the white paper claims that their “reflect mechanism” provides an incentive for SafeMoon holders to hold their tokens for a longer period of time or HODL. SafeMoon’s Automatic LP additionally enhances stability to the protocol by providing a price floor/cushion for token holders. According to the white paper, SafeMoon’s manual burn technique also benefits SafeMoon token holders in the long run. According to the white paper, SafeMoon’s manual burn technique also benefits SafeMoon token holders in the long run.

How to Buy SAFEMOON Coin in India?

Buying and trading cryptocurrencies like SafeMoon, Bitcoin, Ethereum, Ripple, Dogecoin, and more than 110+ cryptos were illegal in India until 2018 when the Supreme Court decided to legalize it. Since then, the crypto industry in India has boomed and millions of Indians have invested in crypto. Buying crypto in India can be a complicated process, but there are crypto exchanges that make buying crypto fairly easy for a layman. Crypto exchanges are apps/websites like BuyUcoin Indian cryptocurrency exchange that allow regular people not familiar with trading to invest in SafeMoon Coin in a fairly easy manner by investing their fiat currency INR.

P0eople can buy SafeMoon in India through many exchanges such as BuyUcoin and more. Follow the given steps to buy SafeMoon in India.

Buy SafeMoon Coin in India — Step by Step Guide for Beginners

Follow this step by step guide to buy SAFEMOON Coin with BuyUcoin:

Step 1 — Opening of a Digital Wallet

A digital wallet contains all your cryptocurrencies and uses blockchain technology to communicate with other users. In-depth research is necessary before you decide where to open your wallet. Today, BuyUcoin is a leading digital wallet provider.

Step 2 –Open an Account

Visit the official BuyUCoin website to register and open a service account. Fill your country and adhere to the terms and conditions to create your crypto-trading account.

Step 3-KYC Completion

For the Indian jurisdiction, KYC is compulsory. Your data is secured and encrypted and stored only in Indian data centers. To complete your KYC, you will be redirected to another URL. Image of your pan card is mandatory. The mobile number connected to your Aadhaar is essential.

Step 4-Google 2 step Verification

Install the Authenticator app to secure your account with 2-factor authentication. If enabled, any time you log in to your account, you will be asked to include a 6-digit one-time password with your email and password.

Step 5-Add Bank details

Enter your necessary information, such as your name credentials, the holder’s account name, and the IFSC code.

Trade SAFEMOON Coin

To trade SAFEMOON coins, you need to open your account with any Crypto exchange. You can buy SAFEMOON coins on various crypto exchanges and can convert them into any other Cryptocurrency.

After buying, you can also transfer your SAFEMOON coin to your wallet and keep your private key safe. You can also download the SAFEMOON coin wallet application from the play store to monitor the SAFEMOON transactions. Users can exchange and accept cryptocurrencies with traditional (fiat) currencies.

Can I Use Regular Money to Buy SAFEMOON Coin?

Yes, regular money or any fiat currencies such as SAFEMOON-INR in India can buy SAFEMOON Coin, where it can be stored in your wallet. You can trade desirable cryptocurrencies without any hidden transaction fees, using
India’s leading cryptocurrency exchange BuyUcoin, in a single tap.

Getting a SAFEMOON Coin Wallet

BuyUcoin is a multi-currency crypto wallet where SAFEMOON coins can be stored with high-end security features and cold storage wallets facilities. Once SAFEMOON coins are sent to your wallet, you will receive a confirmation email. SAFEMOON coin will appear in your wallet when you refresh the BuyUcoin wallet. You can also use the SAFEMOON wallet available on the play store to store your tokens.

SAFEMOON Coin can be traded on various other exchanges. The working of the SAFEMOON application is effortless. Users can also visit the Home | Safemoon Website and create their wallets. SAFEMOON allows users to send money to any other user with just their SAFEMOON wallet username at a faster speed without the internet.

SAFEMOON Coin Exchanges

SAFEMOON can be exchanged with various other cryptos and bought on different renowned and prominent platforms and many other exchanges like BuyUCoin, binance, etc. BuyUCoin offers standard trading with a user-friendly interface while maintaining advanced charts for high-level traders. BuyUCoin has numerous coins, including SAFEMOON Coin.

Conclusion

The current price of SAFEMOON India is ₹0.000156. Based on SafeMoon’s performance, the value could rise by the very end of 2021 to $ 0.0000085, reaching $ 0.000011 by 2022 and at a medium price of $ 0.0000218 by 2025.

Relying on the data, the SAFEMOON coin cannot be depicted as a decent long-term investment.SAFEMOON currently ranks 208th in the CoinMarketCap ratings.

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*This article is for knowledge purposes; we advise you to ask your financial experts before taking any investment decisions. *

Buy SafeMoon (SAFEMOON)Coin in India — Step by Step guide for beginner’s guide. was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.