Sell SafeMoon with Cryptoprosol — the easiest way to exchange crypto for USD
Alternatively, you can use a cryptocurrency trading/exchange like binance. A lot of us have safemoon (wallet, inclusive), and wish to exchange this crypto asset for other digital assets like binance smart chain. This article provides all the information you need about How to sell Safemoon on Trust Wallet, using Cryptoprosol.
IMPORTANT: This is not financial advice. This is for educational purposes only. Meme tokens are a highly volatile asset class; only invest what you can afford to lose.
“How to sell SafeMoon” is a search query that is blowing up on Google and other search engines. Perhaps investors want to map out an exit strategy when the meme token blows up or maybe SafeMoon holders are ready to cash out. Either way, we have gotten the scoop on how to sell SafeMoon safely and securely.
Take it from me; do not exchange SafeMoon for anything other than Binance Coin (BNB) on PancakeSwap. You may find yourself stuck with a new cryptocurrency that requires high transaction fees or is difficult to exchange into fiat. Once you swap SafeMoon for BNB, you can exchange it for USD — and I will show you how.
HOW TO SELL SAFEMOON YOURSELF
In order to sell SafeMoon yourself, you need to have an account at a cryptocurrency exchange that holds BNB. In this example, we will be using Binance US.
1. Open the Trust Wallet app and tap on “Browser” (“dApps” or decentralized applications, for Android users).
2. Tap on “PancakeSwap.”
3. In the “From” section, tap on the BNB symbol. Type the word “SafeMoon in the search bar.
4. “Tap on “SafeMoon.” You will get a notice that SafeMoon tacks on a 10% transaction fee; 5% is distributed to token holders and the rest is added to liquidity. Tap on “I understand” and hit “Continue.”
5. Tap on the aquamarine icon next to the clock symbol. Set your slippage to 12% and hit “X.”
6. Tap on “Select a currency” and hit “BNB.”
7. In the “From” section, tap on “Max” to sell all of your SafeMoon tokens (if you want to sell a portion, you can type in the amount you would like to sell).
8. Tap on “Swap” and hit “Confirm Swap.”
9. You will be taken to a page that will inform you of BNB network fee. If you are satisfied with it, hit “Send.”
10. You will then get a “Transaction submitted” message. If you click on the BscScan link, you can check the status of the transaction. Once it’s processed, it will go from “Pending” to “Success.”
CONVERT SMART CHAIN TO BNB
1. On Trust Wallet’s main page, you should see that your SafeMoon is converted into BNB Smart Chain currency. To swap it to Binance Coin, tap on “Smart Chain,” hit “More,” and tap on “Swap to Binance Chain.”
2. Tap anywhere within the “You Pay” space and tap on “100%.”
3. A confirm page will appear informing you of a network fee. Tap on “Send.”
4. Head back to Trust Wallet’s main page and you should see your BNB.
HOW TO SEND BNB TO BINANCE US
1. Tap on “BNB” and hit “Send.” Keep this tab open; you’ll need to go back to it.
2. Go to Binance US, navigate to “Wallet” and click on “Deposit.”
3. Select BNB as your coin, and copy your wallet address and your BNB memo number.
4. Head back to Trust Wallet. Paste the address under “Recipient address,” and paste the BNB memo number under “Memo.”
5. Tap on “Max” and hit “Next,” which will lead you to a confirmation screen. Hit “Send.”
6. You should now see your SafeMoon-exchanged BNB in your Binance US account.
HOW TO EXCHANGE BNB FOR USD
1. On the Binance US website, go to “Buy Crypto” and click on the “Sell” tab.
2. Select “BNB” under “Sell” and “USD” under “Payment Method.”
3. Click on “Max” and hit “Sell BNB.”
4. Voila, you have now sold your SafeMoon for USD.
It is also worth noting that Binance US is not available in several states, including Connecticut, Hawaii, Idaho, Louisiana, New York, Texas and Vermont. Residents of these states will have to find a roundabout way to sell SafeMoon. They will have to send BNB to Atomic Wallet, exchange it for Stella Lumens (XLM), send XLM to Coinbase and swap it for USD.
As usual, be careful with buying cryptocurrencies, especially meme tokens. They are a highly volatile asset class and can plummet just as quickly as they rise. Always make sure to exercise proper risk management.
RECOMMENDATION: BEST WAY TO SELL SAFEMOON ON TRUST WALLET
Cryptoprosol offers the best and most profitable way to sell safe moon or any other crypto asset. Using Cryptoprosol is simple, straightforward, quick and not as complicated as using a cryptocurrency exchange platform. All you have to do is send an email to: support@cryptoprosol.com