Safemoon launched in 2021 and quickly drew attention across social media for its unusual structure. It rewards holders and penalises sellers, appealing to those looking for high-risk, high-reward opportunities outside established tokens.
For UK investors, however, buying Safemoon isn’t as straightforward as purchasing Bitcoin or Ethereum. It’s not available on popular platforms like Coinbase or eToro, and it can’t be bought directly with pounds. Instead, investors must use decentralised finance (DeFi) tools, including digital wallets and crypto swaps.
This guide explains exactly how to buy Safemoon from the UK, step by step, while also covering the key risks and practical issues to be aware of.
In this guide
How to Buy Safemoon Crypto
Buying Safemoon isn’t as simple as selecting it from a list on your trading app. Since it’s not available through most UK-regulated brokers, you’ll need to use a decentralised route. The steps may seem unfamiliar at first, but once you understand the process, it’s relatively straightforward.
Here’s a clear path to follow:
To begin, you’ll need a crypto wallet that works with the Binance Smart Chain (BSC). Common options include Trust Wallet or MetaMask (with BSC enabled). These wallets will hold the Binance Coin (BNB) you’ll use to buy Safemoon and keep your tokens secure.
Safemoon trades on the BSC network, which means you must first acquire BNB. You can do this through FCA-registered exchanges like Binance UK, Kraken, or Crypto.com. These crypto platforms accept GBP and offer bank transfer or card payments for convenience.
Once you’ve purchased BNB, move it from your exchange account to your wallet. Ensure the network and wallet addresses are correct before transferring. An error at this stage can lead to the irreversible loss of your funds.
PancakeSwap is one of the leading decentralised exchanges where Safemoon is listed. Visit the site and connect your wallet using the option provided. Make sure you’re selecting the verified Safemoon token using its contract address to avoid counterfeit versions.
After connecting, select the amount of BNB you want to exchange and complete the transaction. You’ll be asked to approve the trade through your wallet interface. A small transaction (gas) fee in BNB will apply.
The Safemoon tokens will be added to your wallet after the swap. You can hold them there, but it’s worth noting that future transfers or sales may include additional fees due to the token’s structure. Always check the terms before moving or selling.
For added security, consider backing up your wallet recovery phrase in a safe place and avoiding cloud storage. Unlike traditional investment accounts, crypto wallets don’t offer recovery support if access is lost.
This route may feel complex at first, but it reflects the decentralised nature of emerging cryptocurrencies like Safemoon. This approach is also becoming increasingly common across the broader cryptocurrency market.
Best Brokers* to Invest in Safemoon in the UK
Safemoon isn’t available on major UK trading platforms, but you can still access it by first buying a base cryptocurrency, usually BNB or Ethereum, through a reliable exchange. Once purchased, transfer the crypto to a wallet connected to a decentralised exchange like PancakeSwap, where Safemoon can be swapped manually.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Coinbase
Coinbase offers a beginner-friendly experience and allows you to buy Ethereum directly with GBP. You can then move the ETH to Coinbase Wallet, which supports interaction with decentralised exchanges like PancakeSwap.
✔Inbuilt cryptocurrency wallet
- FCA-registered and widely trusted in the UK
- Clean, simple interface ideal for beginners
- Coinbase Wallet supports DeFi swaps and importing custom tokens
- Good educational content and security features
- Higher fees compared to other platforms
- Doesn’t support BNB, so ETH-based swaps only
- Requires using a separate wallet app (Coinbase Wallet) for Safemoon access
eToro
eToro is a user-friendly platform that lets you buy Ethereum (but not BNB) and transfer it to an external wallet. While it doesn’t connect directly to DeFi tools, you can use it as a starting point to fund your wallet.
✔Low minimum to fund an account and begin investing
- FCA-regulated with strong investor protections
- Commission-free crypto investing
- Intuitive interface and social trading features
- Minimum deposit from £100
- No support for BNB, limiting direct Safemoon access
- Doesn’t offer a built-in wallet for DeFi integration
- Withdrawals to external wallets may require extra steps
XTB
XTB offers crypto exposure via Contracts for Difference (CFDs), allowing speculation on price movements without owning the actual token. This route does not support wallet transfers, so it’s not suitable for acquiring Safemoon directly.
✔ Wide range of global markets
- Zero minimum deposit
- FCA-regulated and long-standing reputation in the UK
- Allows trading crypto CFDs without wallet setup
- Advanced trading tools for experienced users
- No option to hold or transfer real crypto assets
- Cannot access decentralised exchanges
- Not suitable for those who want to own or swap tokens like Safemoon
About SafeMoon
SafeMoon is a cryptocurrency token launched in March 2021 on the Binance Smart Chain (BSC). Its name blends two common crypto terms, “safe” and “to the moon”, reflecting the hope of strong gains with less risk.
What makes Safemoon different is its transaction model. Each time a holder sells the token, part of the fee goes to other holders, while another portion is permanently removed from circulation. This system aims to reward long-term holders and reduce supply over time.
Unlike tokens such as Ethereum, Safemoon doesn’t support smart contracts or power decentralised apps. It isn’t linked to a platform or business and doesn’t offer dividends or governance rights. Its value depends on demand and community support.
The project has both fans and critics. While some back its active community and ongoing updates, others point to missed milestones and an early focus on marketing. As with many smaller tokens, transparency and clear progress remain important for investor confidence.
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Safemoon Crypto Price Today
Safemoon’s value has dropped significantly from its 2021 peak and remains highly volatile. Like many small-cap tokens, its price is driven more by market sentiment and social media trends than real-world adoption or utility.
You can check the live Safemoon price using the interactive chart on our site.
As a speculative asset, Safemoon carries a high level of risk. If you’re considering investing, be prepared for sharp price swings and only invest what you can afford to lose.
Is Safemoon a Good Token to Buy?
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
Safemoon may not suit cautious investors or those seeking steady returns from established assets. Instead, it attracts traders comfortable with high-risk opportunities and the unpredictable nature of early-stage crypto tokens.
Several factors are worth considering before taking a position:
- Volatility: Safemoon’s price is known for rapid and unpredictable movements over short timeframes. For investors used to the relative stability of FTSE 100 shares or government bonds, this level of fluctuation may feel extreme.
- Limited utility: Unlike Ethereum or Solana, Safemoon doesn’t support decentralised apps or smart contracts. It functions primarily as a tradeable token, not a platform.
- Community dependence: The token’s momentum relies heavily on its online following. Without external revenue streams or adoption in broader financial systems, its growth depends on community engagement and sentiment.
- Transaction fees: Safemoon includes a built-in fee structure that applies to trades, particularly on sales. These fees are used for redistribution and token burning, which can reduce liquidity for short-term traders.
For those interested in speculative assets and emerging crypto trends, Safemoon offers exposure to a niche part of the market. However, it should be treated as a high-risk holding, not a foundation of any long-term investment strategy.
FAQs
SafeMoon was launched in 2021, and its name is derived from the slang term “safely to the moon” on cryptocurrency discussion forums. Since its launch, the token’s price has increased, and investors are seeing profit potential investing in it.
Yes. Although SafeMoon is a risky investment because of its high volatility, it is a good investment for long-term investors. However, it is crucial to conduct a thorough market analysis before making a move.
The outlook for Safemoon remains uncertain. While it has an active online community and continues to release updates, it lacks the institutional interest and technical foundation seen in larger projects. If it moves forward, it will likely rely on community-led support rather than mainstream adoption. Anyone following the token should set realistic expectations and understand the risks.
No. You need a reliable broker or exchange to acquire crypto assets used as base currencies for buying the token. It is also crucial that you have a wallet on the Binance Smart Chain (BSC) so you can exchange SafeMoon with accepted coins in your wallet on a decentralised exchange like PancakeSwap.
Absolutely. You can easily buy Safemoon in the UK via brokers regulated by the Financial Conduct Authority. Simply ensure that the brokers you select are compatible with wallets that easily access decentralised exchanges that list Safemoon.
John Karony is the owner and current CEO of Safemoon.
Conclusion
Safemoon represents a growing category of tokens influenced by online communities, viral marketing, and redistribution mechanisms. Its popularity has little to do with utility or institutional backing and more to do with social momentum and speculative interest.
From a professional standpoint, Safemoon is best viewed as a speculative asset rather than a long-term investment. It lacks a defined use case, and its price movements are primarily driven by sentiment rather than fundamentals. While some investors see potential in its scarcity model and active community, others remain cautious due to limited transparency and inconsistent development.
For UK investors exploring decentralised finance, Safemoon may offer a way to learn how token swaps, wallets, and decentralised exchanges work. However, it should be approached with clear boundaries and realistic expectations, rather than as a core part of any balanced portfolio.
As with all crypto assets, it’s important to remember that cryptocurrencies are not regulated in the UK, and you won’t have access to compensation schemes if things go wrong.
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