Page Summary
SafeMoon is a new crypto coin launched in March 2021. It got attention because of its dramatic price increase. Developers created Safemoon (SFM) to offer incentives to long-term holders. This token charges sellers a 10% fee, and part of it goes back to existing holders.
SafeMoon uses the Binance Smart Chain blockchain. In 2021, its market cap was around $1.3 billion. SFM is an excellent alternative to BTC and ETH cryptos. This article discusses how to buy SafeMoon (SFM) in the UAE.
List Of The Best Exchanges For SafeMoon:
- eToro – Best overall broker for crypto assets
- Binance – has an excellent digital assets portfolio for UAE traders
- Coinbase – is a leading global exchange with top-tier licenses and access to many coins
- Crypto.com – top choice for active traders
- Kraken – exchange with impressive safety protocols
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website |
| #2 | Binance | Premium account features | 3,1/5 | Top cryptocurrency exchange | Official website |
| #3 | Coinbase | Access to many coins | 2,6/5 | Leading global exchange with top-tier licenses | Official website |
| #4 | Crypto.com | 153 digital coins at competitive prices | 2,5/5 | Top choice for active traders | Official website |
| #5 | Kraken | Many research tools | 2,6/5 | Impressive safety protocols | Official website |
Where To Buy SafeMoon Crypto – Exchanges In Overview:
1. eToro – Best Overall Broker To Buy SafeMoon Coin In UAE
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
eToro is an industry-leading brokerage firm with a versatile portfolio and impressive reputation. It offers access to secure trading platforms and robust crypto tools. eToro offers access to cryptos, altcoins, and forex pairs. The main crypto coins available with this broker are Bitcoin, Ethereum, and SafeMoon. This online broker has an educational demo account. Virtual trading is useful for traders at all levels. It allows you to test a variety of trading strategies with live market data. eToro’s demo account is an asset if you want to learn more about SFM price movements.
UAE traders choose eToro’s platforms because of their competitive fees. The average spread for withdrawing cryptos is 1.90%. eToro doesn’t charge commission fees and no hidden costs. It offers industry-leading copy and social trading features. eToro highlights popular traders and lets UAE traders copy their positions. It has many advantages for UAE residents. eToro offers many funding methods, excellent support, and a secure wallet.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
2. Binance – Excellent Digital Assets Portfolio For UAE Traders
Binance is a global digital exchange to invest in SafeMoon. It is an excellent fit for professional UAE traders. It has different research tools and leverage solutions. The Binance platforms have a professional design and advanced tools. This cryptocurrency exchange has limited learning materials. It offers some videos and tutorials to help new traders understand digital coins. Binance provides a valuable portfolio with 50+ currencies, including SafeMoon crypto. Its native stablecoin, BNB, offers incentives and discounts.
Binance is a trustworthy exchange that follows strict rules under the FCA. It has a simple fee policy without hidden fees. The average execution fee per trade is 0.10%. Binance account holders get discounts and incentives by holding BNB in their accounts.
3. Coinbase – Leading Global Exchange With Top-Tier Licenses
Coinbase is a trustworthy cryptocurrency exchange with an excellent portfolio. It has premium services for UAE traders. Coinbase has a good reputation and follows strict rules from leading regulators. It has industry-leading trading platforms and services. Coinbase offers different cryptos, including Bitcoin and SafeMoon token.
This global exchange has intuitive platforms and tools. Coinbase is an excellent choice for beginner and advanced UAE traders. It offers some learning and research tools.
4. Crypto.com – Top Choice For Active Traders
Crypto.com is a top cryptocurrency exchange platform in UAE. It supports investing, staking, trading, wallets, and NFTs. Crypto.com offers 153 digital coins at competitive prices. It has access to leading cryptos, including Bitcoin, SafeMoon, and NFTs.
Crypto.com is a top choice with active traders. It has a proprietary crypto ecosystem and a native token CRO. Crypto.com offers a competitive fee structure with many discounts. It lets account holders stake or hold coins in a Crypto.com wallet. The interest rate for traders goes up to 14.5%.
5. Kraken – Secure Exchange With Impressive Safety Protocols
Kraken is a popular crypto exchange for advanced UAE traders. It is a good fit for active traders, and it offers professional services. Kraken has access to leading coins, including Bitcoin and SafeMoon.
Kraken is a secure cryptocurrency exchange with impressive safety protocols. It has a proprietary platform with many research tools. It offers a versatile portfolio and fee structure. Active UAE traders get rewards and incentives.
How We Chose The Best Exchanges For SafeMoon
We chose the best exchanges to buy SafeMoon based on several criteria including Fees, Account, Withdrawal, and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A transparent fee structure is essential for your online trading success. Some SafeMoon platforms in the UAE have a straightforward fee policy; others don’t. Check our in-depth fee reviews to read more about fees and the United Arab Emirates platforms.
Account: Cryptocurrency platforms have different account tiers. Some have a minimum initial deposit requirement. Others don’t have a fixed initial payment for opening new accounts. Read our in-depth crypto reviews for more details on account tiers and payment methods.
Deposit and withdrawal: Funding an account needs to be simple. Withdrawing and depositing funds takes longer with some platforms than with others. Some UAE crypto platforms don’t have a minimum deposit fee. Read our cryptocurrency exchange reviews for more details on policies available with UAE platforms.
Product and market: UAE exchanges provide access to different portfolios and market coverage. We recommend you select a platform with a diverse portfolio. Our in-depth cryptocurrency reviews offer insights on UAE crypto-assets availability and UAE exchanges.
Trading platforms: A trading platform with a well-designed interface contributes to an excellent trading experience. Choose a platform with a simple design and a comprehensive portfolio. The UAE trading platforms in our reviews are secure, but some might be challenging for new traders. Read our in-depth platform reviews for more details about UAE crypto exchanges.
Customer support: Customer support is vital for your crypto trading success. Industry-leading exchanges offer live chat, email, and phone support.
Safety: A secure crypto trading platform has top-tier licenses. It focuses on the best safety protocols and follows strict rules. Our in-depth reviews offer facts on trading safety for UAE traders.
How To Buy SafeMoon In The UAE
eToro, Binance, Coinbase, Crypto.com, and Kraken are the safest platforms for buying/selling SafeMoon (SFM) in the UAE. The best way to invest in SafeMoon is with a trustworthy trading platform. eToro is our first choice because of its reliable social trading platforms. Binance has an excellent portfolio for UAE traders. We recommend Coinbase for professional UAE traders.
The SafeMoon (SFM) coin is a top choice for United Arab Emirates Traders. We recommend you choose eToro to buy SafeMoon tokens. It offers premium social trading tools and crypto platforms. There are four simple steps for buying SFM with eToro:
- Sign up with eToro: The first step is to click on eToro’s official website and register an account.
- Submit a valid ID: eToro follows strict Know Your Customer (KYC) rules. All UAE traders have to pass account verification to trade SFM coins. A valid I.D., like a passport or driver’s license, is necessary.
- Make an initial deposit: After you pass your account verification, you are allowed to fund your account. UAE traders have different payment methods, including bank transfer and credit card payments.
- Buy SafeMoon online: Type “SFM” into the search bar to see SafeMoon’s value. Click on the ticker and start buying or selling SFM.
Where To Buy SafeMoon In UAE?
Traders in the UAE buy SafeMoon tokens using reputable trading platforms. The platforms we recommend are eToro, Binance, Coinbase, Crypto.com, and Kraken.
Buying SafeMoon With eToro
eToro is an industry-leading brokerage firm for buying SafeMoon. It has a versatile portfolio and impressive reputation. It offers access to secure trading platforms and robust crypto tools. eToro offers access to cryptos, altcoins, and forex pairs. The main crypto coins available with this broker are Bitcoin, Ethereum, and SafeMoon.
This online broker has an educational demo account. Virtual trading is useful for traders at all levels. It allows you to test a variety of trading strategies with live market data. eToro’s demo account is an asset if you want to learn more about SFM price movements.
UAE traders choose eToro’s platforms because of their competitive fees. The average spread for withdrawing cryptos is 1.90%. eToro doesn’t charge commission fees and no hidden costs. It offers industry-leading copy and social trading features. eToro highlights popular traders and lets UAE traders copy their positions. It has many advantages for UAE residents. eToro offers many funding methods, excellent support, and a secure wallet.
Pros: Commission-free trading , Features many popular cryptos, and fiat currency , Regulated by the FCA , Mobile app available , Offered in many countries , Demo account
Cons: It has a high spread , It lacks smaller cryptos and stocks
Buying SafeMoon With Binance
Binance is a global digital exchange for buying SafeMoon. It is an excellent fit for professional UAE traders. It has different research tools and leverage solutions. The Binance platforms have a professional design and advanced tools.
This cryptocurrency exchange has limited learning materials. It offers some videos and tutorials to help new traders understand digital coins. Binance provides a valuable portfolio with 50+ currencies, including SafeMoon crypto. Its native stablecoin, BNB, offers incentives and discounts.
Binance is a trustworthy exchange that follows strict rules under the FCA. It has a simple fee policy without hidden fees. The average execution fee per trade is 0.10%. Binance account holders get discounts and incentives by holding BNB in their accounts.
Pros: More advanced tools and technical indicators , Low spreads , Offers tutorials for beginners , Advanced trading platform , Mobile App available
Cons: It is not intuitive for beginners , It has unclear regulatory status
Buying SafeMoon With Coinbase
Coinbase is a trustworthy cryptocurrency exchange with an excellent portfolio for buying SafeMoon (SFM). It has premium services for UAE traders. Coinbase has a good reputation and follows strict rules from leading regulators. It has industry-leading trading platforms and services. Coinbase offers different cryptos, including Bitcoin and SafeMoon token.
This global exchange has intuitive platforms and tools. Coinbase is an excellent choice for beginner and advanced UAE traders. It offers some learning and research tools.
Pros: Trustworthy platform and wallet to trade SafeMoon, Access to dozens of digital assets, including Bitcoin and Ethereum , Beginner-friendly main platform , Access to professional services with Coinbase Pro
Cons: Expensive fee structure, higher than with most exchanges , lack of control of private keys when you keep your assets in your Coinbase account
Buying SafeMoon With Crypto.com
Crypto.com is a top cryptocurrency exchange platform in the UAE for buying SafeMoon (SFM). It supports investing, staking, trading, wallets, and NFTs. Crypto.com offers 153 digital coins at competitive prices. It has access to leading cryptos, including Bitcoin, SafeMoon, and NFTs.
Crypto.com is a top choice with active traders. It has a proprietary crypto ecosystem and a native token CRO. Crypto.com offers a competitive fee structure with many discounts. It lets account holders stake or hold coins in a Crypto.com wallet. The interest rate for traders goes up to 14.5%.
Pros: Many cryptocurrencies available, including Bitcoin and SafeMoon , Competitive fee policy and discounts , Trustworthy cryptocurrency ecosystem
Cons: It has higher fees for investors who don’t hold CRO , It has a below-average customer support
Buying SafeMoon With Kraken
Kraken is a popular crypto exchange for advanced UAE traders who want to buy SafeMoon (SFM). It is a good fit for active traders, and it offers professional services. Kraken has access to leading coins, including Bitcoin and SafeMoon.
Kraken is a secure cryptocurrency exchange with impressive safety protocols. It has a proprietary platform with many research tools. It offers a versatile portfolio and fee structure. Active UAE traders get rewards and incentives.
Pros: Excellent security and safety for all accounts, Impressive selection of cryptocurrencie, Access to margin trading and crypto futures, Beginner-friendly interfaces
Cons: Expensive fees and withdrawal commissions, Limited payment methods, Debit and credit card deposits are available only in Euros
How To Buy SafeMoon Using eToro?
The top UAE platform for buying SafeMoon tokens is eToro. This online broker has trustworthy services and platforms for UAE traders. Here is a simple guide on buying SFM with eToro in the United Arab Emirates.
Step 1: Sign Up With eToro
The first step for UAE investors is to create a new account with eToro. Their main website has a beginner-friendly sign-up form. You’ll have to submit your full name, address, source of income, contact information, and date of birth.
Step 2: Perform Account Verification
After you submit the requested information, the next step is to pass account verification. eToro lets you trade up to $2,000 before verifying an account. Users have to upload a copy of their I.D. and proof of residence. This broker follows strict KYC rules from the UAE. KYC verification is mandatory for all traders from the United Arab Emirates.
Step 3: Fund Your Account
eToro has different funding solutions. Select the payment method that meets your needs like a bank transfer. After you decide on funding, the next step is to buy SFM.
Step 4: Buy SafeMoon
As soon as your funds appear in your account, eToro lets you start your first crypto “buy.” Digital coins have many symbols. Clicking a ticker will start your trade. Select the quantity of crypto you’d like to buy and click “Submit.” Your transaction will be ready in a couple of minutes.
What Is SafeMoon?
SafeMoon is a cryptocurrency and company that provides access to an impressive platform and digital currency. The SafeMoon Protocol encourages customers to buy and hold tokens. The SafeMoon coin is new and has an excellent evolution on the market. SFM comes with incentives and discounts for users who hold it in their accounts. Our in-depth reviews discuss cryptocurrencies and their availability in the UAE.
Why Should You Buy SafeMoon?
You should buy SafeMoon if you are looking for a cryptocurrency with attractive performance. The SafeMoon project received a lot of attention because of its versatility and transaction speeds. SFM has been a great driver of crypto coins’ price movements. We recommend you read our in-depth crypto reviews for details on crypto trading in UAE.
How Much Does SafeMoon Cost?
The current total market value of SafeMoon coins (SFM) is $1 billion. It is a new coin and might experience dramatic increases in value. SafeMoon is an interesting asset to invest. Experts say that SFM will experience fluctuating prices. Most platforms charge a fee or spread when buying crypto coins. eToro has a 0% fee policy on selected assets.
How To Buy SafeMoon Using PayPal?
To buy SafeMoon coins using PayPal, you have to open an account. If you have an account with PayPal, click the “Crypto” button in the app or website. There you will find and click on SFM.
You have to use a debit card or a bank transfer to fund your PayPal account. PayPal users have a spending limit between $1 and $100,000 per week. Keep in mind that PayPal has many crypto exchange fees.
How To Buy SafeMoon Using BTC?
Another solution for buying SafeMoon (SFM) is with Bitcoin (BTC). Investors use Bitcoin on most crypto platforms. It is an excellent approach to funding a brokerage account. We recommend storing your coins in a secure crypto wallet like Bitcoin Cash wallets. Securing your assets is mandatory. Check our crypto reviews to learn more about safety and crypto trading in the UAE.
Buying SafeMoon Safely In The UAE
We recommend you choose a SafeMoon exchange or broker with top-tier licenses to trade SafeMoon (SFM) in the UAE. Platforms that follow strict rules under a regulatory authority come with minimum trading risks. eToro is a top online broker for UAE traders. It has secure services and a great reputation.
If you want to hold SFM in a wallet, choosing a wallet with an encryption key is best. Digital wallets use private/public keys and robust security protocols. Do not share your private keys with anyone.
The Risks Of Buying SafeMoon
Coins like Safemoon (SFM) are speculative and come with risks. Trading cryptocurrencies remains risky. To avoid losing funds, it is best to start with a small investment. SFM is secure, but it might be challenging for new traders. If you buy SafeMoon coins at a high price and the coin crashes, you risk losing all your money. Remember that risks are higher if you use leverage.
CFD trading platforms allow you to use leverage with cryptos. Leverage opens the possibility of dramatic gains. But it has significant risks as well. Cryptocurrencies are volatile, and we don’t recommend that inexperienced traders use leverage. Our in-depth reviews discuss risk management strategies for UAE traders.
Selling SafeMoon In The UAE
If you hold Safemoon (SFM) in the UAE and want to sell it, it is best to use an exchange or broker like eToro. eToro is a good choice for cashing out cryptos in the UAE. UAE traders have to use a secure exchange to exchange one crypto for another.
Summary
SafeMoon is a popular digital asset. UAE traders get access to excellent platforms and exchanges to invest in SFM. We recommend it for active and advanced UAE traders. SFM is a secure coin, but you need to know how and where to buy it.
FAQ
Are There Any Safety Risks For UAE Citizens?
Cryptocurrency investments involve many risks. Trading in the UAE is legal and safe. It is best to use an exchange platform with top-tier licenses from a foreign regulatory body. The top licenses for online platforms are from the FCA, CySEC, and ASIC. The platforms in this review are trustworthy and follow strict rules.
What Is The Financial Regulatory Authority For Cryptocurrencies?
Digital assets, including SFM, are not regulated by a regulatory body. Cryptos have no intrinsic value or underlying commodity. If you lose funds, few countries offer access to the local Financial Services Compensation Scheme. Verify with your local authorities for rules and restrictions.
Is A Digital Wallet Necessary To Buy SafeMoon?
Yes. UAE traders need to use a cryptocurrency wallet to store SFM. We don’t recommend keeping your coins in the exchange’s wallet. Our in-depth crypto reviews offer details on crypto trading safety and the SafeMoon wallet.
How Much Money Do I Need To Buy SafeMoon crypto?
The amount of money you need to buy SafeMoon varies depending on the platform you choose. Buying SFM on eToro comes with a minimum requirement of $50. The exact minimum/maximum deposit varies depending on the platform’s limitations.
How To Sell Cryptocurrency In UAE?
Selling crypto coins in the UAE is simple. For example, if you use eToro, you’ll get access to a portfolio where you have to click on the Sell button. The best way to make money from a crypto buy is through capital gains. A capital gain refers to selling your assets for a higher price than you originally paid.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.