How to Sell SafeMoon on Trust Wallet – A Complete Guide

The digital world is expanding at an exponential rate, and this has made it possible for cryptocurrencies to exist as a virtual form of value exchange. Crypto enthusiasts already understand the concepts in which crypto works, which allows them to purchase and sell cryptocurrencies to make profits out of them. This article looks at how to sell SafeMoon on Trust Wallet.

However, for cryptocurrency tokens such as SafeMoon, traders can’t make direct purchases and sales out of them. Instead, they will be required to use other alternatives to achieve a means to an end.

How to Sell SafeMoon on Trust Wallet – Introduction

Those who have bought SafeMoon tokens may find it difficult to make a sale of these tokens, as they cannot be sold directly through existing common exchanges. Therefore, it’s important to understand the different ways in which SafeMoon holders can maneuver to sell their tokens and end up with Fiat currency finally. 

This article aims to guide interested sellers on how to sell SafeMoon on Trust Wallet. While the process may seem challenging, understanding the concepts will make it easier. 

About SafeMoon

Before selling SafeMoon, users need to know what Safemoon tokens really are. SafeMoon is a cryptocurrency token that is established on the Binance Smart Chain tech. Therefore, crypto enthusiasts can sell SafeMoon tokens while the prices are at their peak to secure profits. 

SafeMoon tokens have very high volatility; therefore, those taking advantage of them end up securing outstanding profits. It is, however, essential to understand that SafeMoon tokens cannot be sold directly on existing decentralized exchanges, but there are alternative methods to complete the action, as explained in this article.

About Trust Wallet

On the other hand, the Trust Wallet is a diverse and custodial crypto wallet that currently supports over a million cryptocurrencies. Through their application found both on the Android and iOS application stores, users can purchase and sell different cryptocurrencies and NFTs. However, NFTs are a different matter as it is challenging to use on phones. Notably, like all other wallets, users should be keen with their passphrases, or they may end up permanently losing access to their assets. 

How to Sell Safemoon on Trust Wallet

To sell SafeMoon on Trust Wallet successfully, the seller will be required to create an account on Binance. This is because SafeMoon is a cryptocurrency that runs on the Binance blockchain. 

Therefore, through the help of the Binance blockchain, the seller can easily convert Safemoon tokens into Binance coins. For one to successfully achieve this, the following steps are necessary:

Step 1: Log into a Trust Wallet Account

Before any transactions are conducted through the Trust wallet, the user will be required to have an existing approved account with the platform. Those who currently do not have an account with Trust Wallet can visit their website and download the Trust Wallet application, which they will then register. 

At this point, the registration process is a rather simple one since the Trust Wallet interface is user-friendly and requires minimum help. Once the seller has a working Trust Wallet account, they will then be able to access the main page, where they will see a SafeMoon address. Sellers are advised to look keenly at the amount of SafeMoon token they hold in their wallets before proceeding to the next step. 

Step 2: Open Pancake Swap in the Wallet

In the second step, the seller is expected to open Pancake Swap in their wallet. However, Pancake Swap is not the only exchange that sellers can utilize. In addition to this option, they can choose an exchange with which they are more comfortable. However, in this review, we will be using the Pancake Swap exchange, as it is highly recommended to purchase SafeMoon. 

Step 3: Swap Safemoon Tokens for BNB

While in the Pancake Swap exchange, sellers will be required to click on the Binance symbol that is visible to them on the application. Once they have done that, they can then search for Safemoon through the search bar at the top of their screen and click on it. 

After that, they will be required to choose the amount of Safemoon tokens they would like to swap for BNB tokens, and a confirmation prompt will be available. The confirmation screen lets the seller know the transaction fees they will pay on the Binance network. Finally, sellers will locate and click on the aquamarine icon and confirm their swap.

Step 4: Convert Smart Chain to BNB Binance

Once the Safemoon tokens have been swapped to BNB, they will be on the Binance smart chain. First, however, they will need to be swapped to the Binance Chain to complete the operation successfully. To do this, the user will locate the main menu of their wallet and select BNB, after which they will click on the Swap to Binance Chain button. When this step is complete, the BNB tokens can be exchanged successfully.

Step 5: Send Converted BNB to Binance

To finalize their selling of the SafeMoon tokens, sellers must send all their converted BNB to Binance. Once this is completed, they can proceed to make a withdrawal of their money from their wallets directly into their bank accounts. This is the recommended exchange since Binance is the native token for the exchange, and therefore users will have better deals in terms of fees. 

Step 6: Convert BNB to Fiat Currency

This is the final step of selling SafeMoon tokens. Sellers will be required to sell their BNB tokens to end up with USD. Those who may prefer other currencies can go ahead and convert their USD into other supported currencies. Thereafter, sellers can withdraw their money if they wish to, or make another investment they are interested in once the conversion is complete. 

How to Sell Safemoon Crypto on Trust Wallet without Binance

In this article, we have discussed how to sell SafeMoon crypto on Trust Wallet using Binance. However, as discussed earlier, it is impossible to sell Safemoon directly, and those who wish to sell their SafeMoon tokens will need to use an exchange that can hold Binance tokens. 

Those who wish to sell it without using Binance will need to choose a token that is swappable with Safemoon. They will also need to choose an exchange that supports both tokens. The above process will be repeated, with the only difference being the swap tokens.

Related articles: How and Where to Buy GoChain | Best NFT Airdrops and Giveaways for July

How to Sell Safemoon on Trust Wallet – Conclusion

Ultimately, SafeMoon crypto holders can now sell their tokens and end up with fiat currency within a few hours. But, of course, all this depends on the number of tokens they wish to exchange and the swap currency they have chosen. 

The exchange will handle the rest. The exchange process is instead a simple one, but as usual, traders are required to observe caution when dealing with cryptocurrencies to avoid the loss of assets.