![]() Like the original version, 50% of the fee is distributed to current token holders. If you hold SafeMoon tokens on an exchange, there’s no need to do anything, the exchanges will handle the migration process and notify you when the process is complete.įor SafeMoon V2, the new transaction fee is 2%. For users with any other type of crypto wallet, visit the SafeMoon Swap site to consolidate. For SafeMoon Wallet users, just update to the latest version of the app and follow the consolidation instructions. Wallet holders need to manually transfer their SafeMoon tokens to the V2 platform. Note that people who hold their original SafeMoon tokens in crypto wallets will not have their coins migrated automatically to V2. This is in addition to any fees you may owe a crypto exchange for facilitating the sale. In other words, if you sold $1,000 of SafeMoon, you would pay a $100 fee on the sale. The most distinctive feature of SafeMoon is that it charges a 10% fee whenever you sell the token. ![]() This helped quickly drive up SafeMoon’s value, although as of writing its price has fallen nearly 90% from its peak. Throughout 2021, SafeMoon received celebrity endorsements from the likes of sports blogger David Portnoy, rapper Lil Yachty and YouTuber Jake Paul. SafeMoon is a cryptocurrency token that launched in early 2021, using blockchain technology developed by Binance. But I wish I had stuck with a better wallet.Spend some time following crypto online and chances are you’ll hear people talk about a cryptocurrency that’s “going to the moon.” SafeMoon has built its brand on this popular turn of phrase, although there are quirks to this crypto token that make it more challenging to buy (and potentially riskier) than other leading cryptocurrencies. So if you just want to buy and hold and potentially not cash out for years, you might like it a lot. With All that said, it probably is the most *convenient* way to buy and hold Safemoon. 6, there is no in-app help or support of any kind that I have seen. Why the heck not? That seems so basic………. Then it would be more helpful for planning things out…., 5, you can’t yet connect to a bank. One suggestion that would change this would be to provide a button to input your current quantity. Seems like a great idea great but it’s not any better than just using your regular calculator app for most purposes. 3, I successfully sent Safemoon TO the wallet, but have not been able to send FROM it, or to swap coins within it. So you have to use a totally different means to see your portfolio value most of the time………. ![]() 2, The app does not accurately track the current price. But there is no mention of it in setup………. 1, they don’t make it clear at setup that you can link this with your existing Trust Wallet. There are a ton of things I don’t like about Safemoon Wallet. Biometric security and Google authentication ![]() Create custom contacts for family and friends Auto-disconnects from dApps after 30 minutes of inactivity Manage your portfolio from one easy view View your Collectibles on multiple chains ![]() Support for some of the most popular cryptocurrencies Streamlined interface for all levels of investors Simple to buy, sell or swap your crypto This is because Orbital Shield uses methods to ensure SafeMoon only stores your information in an anonymized, encrypted format, meaning, even if a data breach were to occur, your personal information is safe. SafeMoon has taken the login process to the next level by allowing its users to have a familiar username and password but without many of the risks often associated with such a process. The SafeMoon Wallet, powered by Orbital Shield, our patent-pending technology is re-inventing the way you secure your digital assets. ![]()
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