Safemoon captured the imagination of crypto investors when it first launched in March 2021 with its price surging shortly after it was released.
It has since seen its value plummet but is held in the wallets of nearly three million people across the globe.
So, can you buy Safemoon on eToro?
Does eToro have Safemoon?
Currently, Safemoon is not listed for purchase on eToro.
With Safemoon being a relatively new cryptocurrency, eToro – like many of the other large crypto exchanges – has held off on listing the token until it can prove its value.
Currently there are no major exchanges that allow users to use fiat currencies to purchase Safemoon. However, eToro can still be used as a vehicle for helping facilitate the purchase of the crypto token.
How to buy Safemoon using eToro
With it currently not possible to purchase Safemoon using fiat currency, the token can only be bought by exchanging other cryptocurrencies.
While there are some crypto exchanges that make it far easier to buy Safemoon, it is possible to do so via eToro.
Follow this step-by-step guide on how you can use eToro to buy Safemoon:
1) Purchase cryptocurrency on eToro
You can buy any cryptocurrency that is available on eToro to eventually purchase Safemoon. Popular coins such as Bitcoin, Ethereum and Ripple are all available to buy.
2) Transfer cryptocurrency into Trust Wallet
Once you have purchased a cryptocurrency on eToro you then want to transfer the tokens from your eToro Money crypto wallet to an external wallet.
Safemoon’s developers have recommended Trust Wallet be used for purchasing their cryptocurrency.
3) Purchase a compatible cryptocurrency
With your cryptocurrency moved from eToro you can now exchange the tokens for a coin that is compatible for trading with Safemoon.
Binance Coin (BNB) is the recommended crypto for buying Safemoon.
4) Exchange for Safemoon
With a compatible coin now in your wallet, you can exchange it for Safemoon. There will be a small fee for the exchange.
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