bitcoinBTC/USD
$ 19,588.20
ethereumETH/USD
$ 1,097.29
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.450173
xrpXRP/USD
$ 0.318099
usd-coinUSDC/USD
$ 1.00

Upcoming SafeMoon Products – The SafeMoon Exchange & Hardware Wallet

Upcoming SafeMoon Products - The SafeMoon Exchange & Hardware Wallet

SafeMoon started its crypto journey back in March, during which month it got quite some attention. Despite the amount of attention and the extreme price increase of SafeMoon, many people called it a hype coin and a scam. They claimed that SafeMoon’s price will dip to extreme lows after the hype dies out, and they were partially correct. After the hype around SafeMoon died down, the price of SafeMoon went down. Yet, this dip was a consequence of the market correction that occurred in the cryptocurrency market back in June, meaning that the whole market dipped, not just SafeMoon.

On its more recent announcements, SafeMoon revealed plans of releasing a SafeMoon DEX, wallet, and a hardware wallet by the end of 2021. However, with the delay of the SafeMoon Wallet release date, the other products have been delayed too. But what do we know about the upcoming SafeMoon exchange and hardware wallet?

SafeMoon Exchange

The SafeMoon Exchange has been in the talks for quite a while, however, it was thought to be a rumor until the SafeMoon team confirmed it through a tweet on their official SafeMoon Twitter account. On the 28th of August, they released the SafeMoon Swap as part of their upcoming decentralized exchange. Through the SafeMoon Swap, you can swap your Binance Coins (BNB) or Ethereum (ETH) for SafeMoon tokens or vice versa. It is believed that it will support more cryptos as time goes by.

Upcoming SafeMoon Products - The SafeMoon Exchange & Hardware Wallet
SafeMoon Swap at a Glance. Source: Safemoon

At the time of writing, the SafeMoon Swap only accepts Trust Wallet, Metamask, Binance Chain Wallet, and Math Wallet.

How to use the SafeMoon Swap?

SafeMoon is aiming for simplicity on its products, therefore, their swap is quite easy to use. To have a smooth time using the swap, follow the steps below.

  1. Go to swap.safemoon.net
  2. Press “Connect Wallet” on the top right side of the window
  3. Choose your wallet and connect it
  4. Enter the amount of SafeMoon you want to swap for BNB or ETH
  5. Set the Slippage Tolerance to 12% and swap your tokens

SafeMoon Hardware Wallet

Hardware Wallets have been around for quite a while, and they are considered the safest form of storing your cryptocurrencies. They are physical devices that have to be plugged into a computer or a phone to be used. At the moment, Trezor and Ledger are the leaders of this sector.

However, you are the only one who has access to your private keys, unlike the wallets that exchanges like Binance provide. The SafeMoon Hardware Wallet has been teased on the official SafeMoon website, hinting that the hardware wallet is set to launch after the exchange.

Upcoming SafeMoon Products - The SafeMoon Exchange & Hardware Wallet
The Hardware Wallet Teaser. Source: SafeMoon

Even though we do not have an official date as to when the Hardware Wallet will launch, it is believed that the release of the SafeMoon hardware wallet will be done after SafeMoon migrates from the Binance Smart Chain (BSC) to its own blockchain.

Also Read: SafeMoon Price Prediction 2022 – Will It Skyrocket Once More?

Takeaways

  • As the hype around SafeMoon died down, its price experienced a relatively small decrease.
  • Lately, SafeMoon has announced that it is working on some new products for its users.
  • These products include an exchange and two wallets, one being a hot wallet while the other being a cold hardware wallet.
  • By the end of August, SafeMoon had launchedSafeMoon Swap which is considered to be the first part of the exchange launch.
  • There are no official release dates for any of these products yet, but it is believed that they will be released in the following months.

Also read:

Related News

How to Buy SafeMoon in Europe - A Detailed Guide

How to Buy SafeMoon in Europe – A Detailed Guide

There are a lot of controversial ideas and comments regarding cryptocurrencies. Many influencers and investors like Warren Buffet have made numerous negative statements in the past regarding the credibility of this market, calling it a scam and a fraud. These comments inflicted fear upon the masses and this caused the market to be denied by many. However, everything started to change as they got more and more attention. In addition,

Read More »
How to Buy SafeMoon in the United States - A Detailed Guide

How to Buy SafeMoon in the United States – A Detailed Guide

Most cryptocurrency enthusiasts are expecting another bull run during the fourth quarter of 2021. These claims have hyped up people everywhere and even more, people are joining the cryptocurrency space in order to not miss out. SafeMoon is one of the most anticipated projects out there. Considering the latest product releases from the SafeMoon team – including the SafeMoon Wallet and Swap – all the hype around is no surprise.

Read More »
How to Buy SafeMoon in Asia - A Detailed Guide

How to Buy SafeMoon in Asia – A Detailed Guide

This year has been crazy for the whole cryptocurrency market which experienced one of the biggest bull runs ever, and we are just entering the fourth quarter of 2021. As we move towards the end of the year, the market is expected to experience another bull run – one biggest than the previous.  The previous bull run was quite interesting, with thousands of new cryptocurrencies and tokens emerging from the

Read More »

My Coins

bitcoinBitcoin
$ 19,588.200.92%
ethereumEthereum
$ 1,097.291.33%
cardanoCardano
$ 0.4501731.76%
tetherTether
$ 1.000.28%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org