How to buy SAFEMOON
The easiest and safest way to buy SafeMoon in Australia is to first sign up with an Australian exchange, we recommend using Coinspot as it is Australia's largest and most trusted cryptocurrency exchange. With this method, you will need to buy Tether and then send it to an off-shore exchange like Gate.io which has the SAFEMOON token listed.
You can follow this simple guide below to get started:
- Sign up to CoinSpot and buy Tether (USDT).
- Sign up to Gate.io.
- Send the USDT from CoinSpot to your Gate.io account.
- Visit the SafeMoon trading page and swap USDT for SAFEMOON.
Is Gate.io reliable?
Gate.io is a safe and reputable cryptocurrency exchange that has been in operation for over 9 years. They are one of the earliest and largest cryptocurrency exchanges worldwide. Gate.io offers instant deposit and withdrawals, spot and futures trading, leveraged ETF's, liquidity mining & much more.
They offer low fees for over 800 different cryptocurrencies including SAFEMOON.
Should I buy SafeMoon?
Before buying SafeMoon, it is imperative to know that this is a valueless meme coin similar to Dogecoin. They claim to be a decentralised protocol that enables investors to earn passive rewards. They allow investors to earn interest by taking a 10% fee for every SAFEMOON trade. Part of the 10% fee then gets evenly distributed to investors, paying out actual dividends.
If you visit Safemoon's website, 4% of the 10% fee gets distributed to SAFEMOON token holders, the remaining 6% is added to liquidity, burned and added to the SafeMoon Ecosystem Growth Fund.
Alternative Decentralised Exchange Platform
If you want to buy SAFEMOON tokens on-chain, the easiest way is via an automated market maker like Sushiswap or Uniswap. The Uniswap (V2) pool has the best liquidity and lowest slippage, which means it will provide the best execution when compared to other AMM's on the Ethereum network.
Buying SAFEMOON in Australia is a little complicated as most exchanges do not offer the token. The best way to buy SAFEMOON is to first purchase Tether (USDT) from Coinspot, then send it to Gate.io and trade it for the token. Alternatively, if you want to buy on-chain, you can use an automated market maker like Uniswap or Sushiswap. Be sure to do your own research before investing in any cryptocurrency asset!