Make sure to exercise sufficient risk management: only invest what you can afford.
Safemoon listing binance how to#
According to the Binance website, you either have to purchase Binance USD (BUSD) or Tether (USDT) before you can swap it for SHIB.īinance issued a warning to its users after the Shib Inu listing, reminding investors that the meme token is a highly speculative asset: "SHIB is a relatively new token that poses a higher than normal risk, and as such will be likely subject to high price volatility after the Binance listing."Īs with any investment, if you plan on diving into the SHIB crypto craze, do your own research about SHIB's mission and fundamentals so that you fully understand what you're getting into. Contributor, Benzinga Updated: SeptemWant to jump straight to how to buy Safemoon You can buy BNB on Binance or Binance. Now you can purchase SHIB on Binance, but unfortunately, it's not any less convoluted. Overview Markets Tokenomics New General Social Security Developer Widgets SafeMoon Price Chart (SFM) Last updated 04:54AM UTC.
Binance smart chain runs on top of pancake swap and pancake swap is a competitor company to compete with uniswap. We will forsure list on Binance since Binance owns Binance smart chain. As such, prior to the Binance listing, in order to purchase SHIB, buyers had to purchase ETH (Ethereum's native cryptocurrency) and exchange it for SHIB on Uniswap. SAFEMOON WILL LIST ON BINANCE MoonShot Hey Guys it’s your favourite Degen again. SHIB is an ERC-20 only token, which means that it runs on the Ethereum blockchain and uses its smart-contract technology. If you can, it's safer to trade on a decentralized exchange like Uniswap or 1inch." Answer (1 of 9): The SafeMoon token began its crypto journey not so long ago, being launched in March 2021. "There are some centralized exchanges that have listed SHIB, but have a history of locking funds.
Before it was added to Binance's arsenal, SHIB also scored a listing, but at the time, the Shiba Inu team encouraged investors to purchase SHIB on Uniswap.
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