SAITAMA is an ERC-20 token that started as a meme coin in 2021 and upgraded into a utility coin in June 2022. Like other ERC-20 tokens, the SAITAMA coin is created and hosted on the Ethereum blockchain, meaning it will eventually be part of it.
To transform from the perception of being a meme coin, SAITAMA added a wide range of innovative Decentralized Finance (DeFi) features into its ecosystem. This action aligns with making meme coins more accessible and safer for generation Z.
As a result, its platform (Saitama Inu) comes loaded with unique features such as the ‘anti-whale’ that prevents established wallet holders from influencing the overall token prices or transactions.
Let’s explore Saitama Inu and how to buy it on different platforms.
What is Saitama Inu?
Saitama Inu (SAITAMA) is a decentralized ERC-20 token built on the Ethereum blockchain designed to educate Generation Z on crypto investments. It was purposely created to inform users about blockchain technology, thus encouraging them to be part of the digital revolution.
In other words, Saitama Inu aims to make cryptocurrency adoption easy for all Generation Z members by providing them with a user-friendly experience.
Unlike most platforms, the Saitaima platform offers 100% free services to its users while allowing them to earn passive income through email campaigns, social media, and content creation.
According to CoinMarketCap, SAITAMA coins in circulation stand at over 38 billion. This is a considerable supply, given that the token started trading in June 2022.
SAITAMA token has a deflationary burning mechanism that helps protect its value and reward long-term holders. Every time someone buys or sells a SAITAMA coin, a small tax of 2% is automatically deducted and burned.
Besides, the SAITAMA coin is planned to be the primary medium of exchange for an upcoming marketplace where people can buy and sell NFTs. When people use SAITAMA coin to buy or sell NFTs on this marketplace, investors will earn a small percentage of the transaction fees.
You can access the SAITAMA coin through some centralized and decentralized platforms.
How to Buy SAITAMA on Binance
Now that you know what Saitama Inu is, let’s find out what Binance is and how to buy SAITAMA tokens.
Binance is the biggest crypto exchange platform by market cap. But while it constantly reviews and adds cryptocurrencies that can be traded on its platform, the SAITAMA coin is yet to be listed. However, below is a step-by-step guide to purchasing SAITAMA by linking your digital crypto wallet to a decentralized exchange using your Binance account to buy the base currency, Ethereum.
Download & Set Up MetaMask
Although numerous decentralized, self-custodial, Ethereum-based digital wallets exist, MetaMask is the most trusted. Launched in 2016, MetaMask allows users to safely store, buy, convert, send, and swap crypto tokens. The MetaMask Wallet is a mobile application or browser extension on Google Chrome, Mozilla Firefox, Brave, or Opera. To install it on your browser, follow these steps (the browser we will use to illustrate is Brave, but the process is similar on all browsers on which MetaMask is available):
1. Visit the MetaMask website and click the “Download” button.
When accessing the official MetaMask website, on the first page, you will find a “Download” button that you will have to click. Once pressed, you will be redirected to the Download section on the Chrome Web Store.
2. Add MetaMask to Your Browser.
Once in the Chrome Web Store, click on the add extension button in the browser and confirm the addition by clicking “Add Extension.”
3. Create Your MetaMask Wallet or Import an Existing One
After clicking the add extension button, you will be redirected to your MetaMask account setup page. If you already have an account, click “Import an existing wallet. If you do not have an account, click the “Create a new wallet” button.
Of course, to go ahead, you must accept the terms and conditions.
To set up, you will need to choose a password for your account, secure your wallet by saving your Secret Recovery Phrase in a safe place (beware, losing this code may result in losing assets in your MetaMask wallet), and confirm your Secret Recovery Phrase.
4. Pin Your MetaMask Extension
Now, your MetaMask account is configured and ready to use. You can pin the MetaMask extension near the browser search bar for easier usage. To access your MetaMask wallet, click the Foxface icon on the top right.
Buy Ethereum (ETH)
In order to convert ETH to SAITAMA, you obviously need to have ETH in your wallet. On MetaMask, you have two options: Either buy ETH directly from the platform or buy from a Crypto Exchange and then transfer it to your wallet.
Buy Ethereum (ETH) Directly on MetaMask
If you choose the method to buy ETH directly from MetaMask, click on the “+” button and then select the payment processor through which you want to buy ETH. You will have three options: Coinbase Pay, Transak, and MoonPay. MoonPay is the easiest way to buy ETH on MetaMask using a bank card, Apple Pay, or Google Pay.
Once you’ve decided, select the processor and move on. The process is simple and fast.
Buy Ethereum (ETH) on Binance
After creating and downloading the MetaMask wallet, log in to Binance to purchase Ethereum. If you don’t have an account, you must create an account on Binance, confirm it, and follow the entire account validation process. Also, you need to fund your account if you do not have funds in your Binance account.
To buy Ethereum, click “Cash Balance” in the “Buy Crypto” menu.
Make sure you are on the “Buy” menu in the open menu, enter the quantity you want to buy, and complete the transaction. Make sure you are buying ETH and not another currency. Select ETH by clicking on the button next to the Receive row.
This is not the only way to buy ETH on Binance, but it is one of the handiest.
Send Ethereum from Binance to Your MetaMask Wallet
To send the Ethereum you bought on Binance to the MetaMask wallet, go to your Binance wallet section and withdraw it by filling in the required information. Set up the network to Ethereum and provide your MetaMask wallet address (copied from account 1) and the amount you want to transfer.
Click “withdraw.” The transferred Ethereum will appear on your MetaMask wallet.
Attention, be very careful when transferring from Binance to an external wallet. If you get the wrong address, this can result in the permanent loss of your funds.
Choose a DEX
Numerous DEX can integrate with MetaMask wallet, including 1inch Network, VoltSwap, UniSwap, and Biswap, among others. To illustrate, we will continue the process of buying SAITAMA through Uniswap.
Connect Your MetaMask Wallet to the Chosen DEX
Connect your MetaMask wallet to your preferred DEX using your wallet address copied from account 1. Some platforms allow an easier connection. In the example above, the connection takes place instantly after you confirm by pressing the “Connect” button on the UniSwap platform and then pressing MetaMask.
Trade Your ETH for SAITAMA
Select Ethereum as the payment and SAITAMA as the coin you want to buy and proceed with the transaction. Now, you bought SAITAMA for ETH.
How to Buy SAITAMA on Coinbase?
Coinbase is one of the best global exchange platforms because it is available in over a hundred countries and has user-friendly features. If you are a beginner in the cryptocurrency world, you would probably use Coinbase. First, opening up an account and linking your wallet takes a few minutes. The platform also offers a step-by-step guide on how to go about the exchange, thus making it the easiest among many others. At the time of writing, SAITAMA can only be purchased on Coinbase in the Coinbase Wallet.
Here is a detailed guide on how to buy SAITAMA on Coinbase:
Download Coinbase Wallet & Set Up Your Account
Coinbase is a non-custodial digital wallet available as a mobile app (Android & iOS) and browser extension. Coinbase Wallet account creation is similar to MetaMask. To get started, follow these steps:
1. Install the Coinbase wallet extension from the Chrome Web Store
2. Select “Create new wallet.”
3. Back Up Your 12-word Recovery Phrase
This phrase is critical in recovering your Coinbase wallet if you forget your password. Therefore, it would be best to store it securely either by writing it down or memorizing it. Avoid storing it in a computer where a second party can easily access it. Confirm that you have saved your backup phrase before proceeding to the next step.
4. Create Your Wallet Password
5. Get Your Free Web3 Username
The username is what other Coinbase wallet users can use to find you. The platform automatically generates your username if you do not claim it.
6. Fund Your Wallet
The process of buying Ethereum on Coinbase depends on whether you are using a mobile app or a chrome extension. If you are using the chrome extension, follow these steps:
- Click ‘+’ on the top right side of your screen to add crypto
- Choose ‘Add crypto with Coinbase Pay.’
- Sign into your Coinbase account to authorize the Coinbase wallet extension.
Buy Ethereum (ETH) on Coinbase
If you don’t have it, buy Ethereum in Coinbase and transfer it to your Coinbase Wallet.
Choose a DEX
Numerous DEX can integrate with MetaMask wallet, including 1inch Network, VoltSwap, UniSwap, and Biswap, among others. To illustrate, we will continue the process of buying SAITAMA through Uniswap.
Connect Your Coinbase Wallet to the Chosen DEX
Connect your Coinbase Wallet to your preferred DEX using your wallet address. Some platforms allow an easier connection. In the example above, the connection takes place instantly after you confirm by pressing the “Connect” button on the UniSwap platform and then pressing Coinbase Wallet.
Trade Your ETH for SAITAMA
Select Ethereum as the payment and SAITAMA as the coin you want to buy and proceed with the transaction. Now, you bought SAITAMA for ETH.
How to Buy SAITAMA on SaitaPro
SaitaSwap is advertised as the best-decentralized crypto exchange for Saitama Inu. If you want to purchase SAITAMA on this platform, follow these steps:
1. Install the SaitaPro Wallet App
The SaitaPro app is freely available for Android and iOS. However, if you have another wallet, such as MetaMask, you can connect it to SaitaSwap and start trading.
2. Buy Ethereum (ETH)
SAITAMA currently has limited trading pairs, so the easiest way to purchase it is to buy ETH first and then exchange it for SAITAMA. However, it would help if you had enough ETH to cover gas fees.
3. Trade ETH for SAITAMA
Once you have an ETH token in your SaitaPro wallet, you can swap them for SAITAMA by selecting “swap” on the digital assets section and then choosing SAITAMA as the token you want to acquire.
FAQ
I Can’t Find SAITAMA on the DEX. What Can I Do?
If SAITAMA does not appear on the selected DEX platform, find its smart contract address and copy and paste it on the decentralized exchange. Beware of scammers and ensure to get the address from SAITAMA’s official contract address.
How to Use SAITAMA Coins?
There are a few ways to use your SATAIMA coins. First, you can stake them on the SaitaPro wallet and earn rewards/ profit. Additionally, you can trade Saitama coins via a CFD trading account on an online exchange.
Conclusion
Although SAITAMA coin is still new in the crypto market, especially as a trading token, it has proven that it is here to stay. Also, its popularity is expected to rise thanks to the ability to provide people with educative materials on crypto investments.
* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
Source: https://coindoo.com/how-to-buy-saitama-inu/