The Safemoon token is one of the most trending investment options, so it’s evident why you want to know how to sell Safemoon.
Safemoon trading has been rising rapidly recently. And many cryptocurrency enthusiasts are looking for ways to sell safemoon tokens.
So if you’re looking for how to sell Safemoon on Trust Wallet, this article is for you! All you need is a Trust Wallet and some minutes to spend on swapping your crypto.
This guide will teach you how to sell Safemoon on Trust Wallet. Before we get started, make sure that you have at least some Safemoon in your Trust Wallet.
You can’t sell what you don’t have, after all! If you wonder how to buy Safemoon, check out our article here.
What Are Safemoon Tokens?
The Safemoon coin is an alternative cryptocurrency. It is currently available on the Binance Smart Chain. It is a “Deflationary Token” that uses percentage fees to reduce supply. The fees are then redistributed in parts to Coin Buybacks and holders.
The more the token circulates, the greater the reduction in supply and the higher its price rises.
In other words, if you buy Safemoon tokens today, you’ll be able to sell them for a higher price tomorrow. This means that as long as more people are buying than selling, your coins will increase in value.
How to Sell Safemoon on Trust Wallet?
Now without much ado, let’s take a look at the steps of “how to sell Safemoon on Trust Wallet.”
Besides, Is Trust Wallet hack possible by any chance? Is your Trust Wallet safe? How to protect your account? Well, let’s find answers to all of such questions.
1. Open Your Trust Wallet
To begin the process of how to sell Safemoon on Trust Wallet, you must have a Trust Wallet account.
If you don’t have one yet, download the app from the Apple App Store or Google Play Store. Then open it on your mobile phone, computer, tablet, or desktop device.
Also, here, we will share a few simple steps you can take to transfer from Coinbase to Trust Wallet if you wish to withdraw your crypto.
2. Go to the DApps browser
This is the second step in how to sell Safemoon. And this is the main feature of Trust Wallet. A unique DApps browser that allows you to access DApps from your device. You can do this by opening the DApps browser and clicking on ‘Add New.’
Now search for PancakeSwap in the search bar, click on it, and then click on ‘Connect Wallet’ (in the top right corner). It will display a popup screen asking you if you are willing to give permission to use your funds from your wallet. Click ‘Approve‘ and get ready for some pancakes!
3. Open the PancakeSwap Page
The third step for how to sell Safemoon on Trust Wallet involves going to the DApps browser and opening the PancakeSwap page. On this screen, you can see a button called “Connect Wallet” in the top right corner of your screen.
Press this button and click on “Approve” to give permission to access funds from your wallet. You will see an overview of all of your account info. This includes balances, transactions, and tokens minted within Safemoon.
You have to select Ethereum from the dropdown list of currencies. Remember: only BNB, BTC, LTC, and USDT are available in Trust Wallet. If you want to exchange other coins or tokens, you must select Ethereum.
Once you’ve selected Ethereum as your base currency, it’s time to choose your target cryptocurrency. Safemoon is an ERC-20 token. This means that you can use Ethereum to exchange it for other cryptocurrencies.
Safemoon has its own wallet system, so use Trust Wallet’s built-in security features. It is helpful when exchanging two different ERC-20 tokens on the same platform. This will ensure a safe transaction without any risk of getting hacked or losing funds.
4. Click on ‘Connect Wallet’ (in the Top Right Corner)
The wallet will open, and you can see your Safemoon in the wallet and the current price of Safemoon.
You can also see the total amount of Safemoons you have bought from us.
5. Click ‘Approve’ to Give Permission to Use the Funds from Your Wallet
To complete the transaction, follow this fifth step of how to sell Safemoon. For that, you will need to click the ‘Approved‘ button.
This will give you permission to use funds from your wallet. Enter the number of tokens you want to sell and click ‘Swap.’
Once you click Swap, it will ask for confirmation before sending out the transaction. You can cancel this at any time by clicking Cancel on the pop-up window that appears on your screen.
6. Choose How Many Tokens You Want to Sell (in the ‘Input’ Box)
Enter the amount of Safemoon you want to sell (in the ‘Input’ box).
And enter the amount of Safemoon you want to receive (in the ‘Output’ box).
7. Click Swap and Confirm
This is the final step involved in how to sell Safemoon on Trust Wallet. After clicking Swap, you will be directed to a confirmation page. Click Continue and verify that you would like to proceed with the transaction.
You will then receive a message saying your Safemoon has been successfully swapped. You will also receive an email confirmation.
You can now exchange your Safemoon for fiat currency or other cryptocurrencies. You can do that through decentralized exchange partners’ wallets that support the SWAP protocol. (Such as Trust Wallet).
This is a Good Way to Sell Your Safemoon
If you have Safemoon, you can sell it on Trust Wallet. Please just follow our guide on how to sell Safemoon on Trust Wallet.
If you are not familiar with Safemoon, it is a cryptocurrency that can be traded on DEXs. DEXs stands for Decentralized Exchanges. Safemoon is an atomic swap DEX and also a non-custodial DEX.
Advantages of Selling Safemoon on Trust Wallet
Trading in Safemoon on Trust Wallet is a great idea. Here’s why: –
● The Most Popular DEX Aggregator in the World.
Trust Wallet is the most popular DEX aggregator in the world. It has already managed to create a non-custodial wallet that supports atomic swaps. And this only means that your security can be reinforced even more.
Trust Wallet is based in the US. This means that it respects all of your data protection rights as a European citizen. This company has always followed strict rules and regulations concerning personal information protection. Thus ensuring you get nothing less but top-notch privacy protection during its service.
● Atomic Swaps.
Atomic swaps are a form of peer-to-peer cryptocurrency trading. It eliminates the need for using a third party. This means you can buy, sell and trade Safemoon directly in your wallet. (Follow our steps on how to sell Safemoon).
Your private keys are never shared with anyone else. And since all transactions are made directly between the two parties involved. This indicates there is no risk of fraud. There is also no possibility of having your money stolen by hackers!
● Non-custodial DEX.
Trust Wallet is a non-custodial DEX that does not hold your assets. It also does not require you to give them your private key and does not require you to give them your mnemonic seed.
You are in control of YOUR tokens at all times and can transfer them out of the Trust Wallet whenever you want.
● A Safer Alternative for Fiat Currency.
When you sell Safemoon for fiat currency, your money is vulnerable to the whims of hackers. When you sell it for trust wallets, it’s safer.
This is because trust wallets are decentralized and not run by a single entity like a bank or government.
This means that it’s harder for hackers to steal your money. And if they do, there’s no one person who could help them get their funds back.
Frequently Asked Questions (FAQs)
Q: Can I sell Safemoon directly on Trust Wallet?
A: Trust Wallet itself does not facilitate direct selling of Safemoon. However, Trust Wallet integrates with decentralized exchanges like PancakeSwap, where you can sell Safemoon and other tokens.
Q: Are there any fees involved in selling Safemoon on Trust Wallet?
A: Yes, there are fees associated with selling Safemoon on Trust Wallet. These fees include gas fees, which are required to process transactions on the blockchain. The exact amount of fees may vary depending on the network congestion and the transaction size.
Q: Can I sell Safemoon for any other cryptocurrency on Trust Wallet?
A: Yes, Trust Wallet supports the trading of various cryptocurrencies. When selling Safemoon on Trust Wallet, you can choose the token you want to receive in exchange for Safemoon.
Q: Is Trust Wallet a safe platform to sell Safemoon?
A: Trust Wallet is considered a safe and secure platform for selling Safemoon. It is a decentralized wallet that gives you full control over your funds. However, it’s important to be cautious and double-check all transaction details to ensure a secure experience.
Q: Can I use Trust Wallet on my computer?
A: Trust Wallet is primarily designed for mobile devices and is available as a mobile app for both iOS and Android. However, you can also use Trust Wallet on your computer by connecting your mobile wallet to a web-based decentralized exchange.
Q: Can I undo or cancel a transaction after initiating it on Trust Wallet?
A: Once a transaction is initiated on the blockchain, it cannot be undone or canceled. It’s essential to review all transaction details carefully before confirming the transaction to avoid any unintended transfers.
Conclusion
So, what is keeping you waiting? Follow the above-mentioned steps on how to sell your safemoon on Trust Wallet.
And begin your journey of selling Safemoon tokens effortlessly. The steps are reliable, and you won’t face any difficulty while abiding by them.
