Safesun Crypto, otherwise known as SAFESUN is an autonomous yield-generating protocol layer that uses blockchain technology. The project also claims to be orientated towards generating more awareness of climate issues and the growing concerns about CO2 emissions, which is an ever-growing concern specifically within the crypto space. So in this article, we are going to explore a bit about this coin, tease out its use case and provide you with a handy guide on how to buy some SAFESUN.
What is SAFESUN?
Created in 2021 Safesun Crypto (SAFESUN) is a fairly run-of-the-mill crypto project that claims to be designed to generate “awareness” about CO2 emissions, presumably addressing the growing concerns about the environmental costs and energy usage issues surrounding blockchain. Stating that the sun can provide all the energy that the planet needs. However, it’s a little difficult to ascertain what form this “awareness” takes and what exactly this awareness does in regards to addressing one of the most complicated problems in the crypto industry and global society at large.
Awareness aside, it does seem that Safesun is best understood through its primary use case, which is a yield-generating protocol layer that exists on the BNB SmartChain blockchain system. Essentially, what this means is that, supposedly, those who stake into the SAFESUN system can passively generate yields over time. However, we strongly encourage potential investors to critically and thoroughly understand the exact parameters of this yield offer, as in recent months, more and more yield generation projects have been found to be fraudulent, unsustainable, or rife with terms and conditions that prevent investors from withdrawing their investments.
Chaired by CEO Bernhard Koch, this project thankfully has a publicly available, if a little short, Whitepaper, that we sincerely hope potential investors take a look at, to help them get a clear understanding of the project’s ins and outs. Additionally, the project has claimed to have conducted a few AMA’s, though this Reddit has since been deleted or scrubbed which does raise some concerns. At the time of writing, this project has a functioning official website, though some sections are undergoing maintenance and have outlined hopes for a future platform that hosts a decentralized exchange.
While it is true that we here at CryptoWallet.com are not permitted to provide investment advice, we can however offer general background and insight that we hope you use to launch your research. It is always wise to ensure that you, as an investor, have a clear understanding of a project’s use case, its background, and, if possible, the history of work of the developers behind the project, to make sure that you are not putting your money in a project that ends up collapsing, rug pulling, or other less savory happenings.
So with all of this in mind let’s take a look at how you could potentially get some of your very own SAFESUN.
Step 1: Register on Fiat-to-Crypto Exchange
There are some extra steps you need to perform in order to obtain some of your own SAFESUN because it functions somewhat differently than other traditional tokens due to its status as an altcoin. But don’t worry, you can simply receive your SAFESUN if you just follow the instructions.
We need to initially register for a Fiat-to-Crypto Exchange. In this tutorial, we’ll be utilizing TrustWallet, which you can download from either the Google Play Store or the Apple App Store. After downloading, create an account according to the on-screen instructions. For this, some basic KYC information, security protocols, and protections will be required.
The following step is to fund your new account with some fiat currency. You may either wire money directly from your bank account or use a debit or credit card to pay for it.
Step 2: Buy BNB with Fiat Money
Following the display of your deposited money in your TrustWallet, you may utilize those funds to exchange for some BNB Smart Chain whenever you choose. To do this, locate the BNB Smart Chain option, select your spending limit, and then click “trade.”
It’s important to keep in mind that the majority of cryptocurrency exchanges, like TrustWallet, CryptoWallet.com, and MetaMask, will offer you a wide selection of price charts, various trading volume tools, and live market data when you utilize these kinds of crypto financial services. It’s a good idea to learn about them and understand how they work since, if you employ them successfully, they could make it possible for you to use your money to make better informed financial decisions.
There will now be a brief confirmation time after you’ve finished making your BNB purchase. This procedure typically takes less than 30 minutes, however, it might take a little longer depending on the volume of traffic at the moment. The amount of BNB SmartChain and any additional funds will then be displayed on the TrustWallet screen in your account.
Step 3: Transfer BNB to an Altcoin Exchange
Next, look for a cryptocurrency exchange that supports trading BNB/SAFESUN pairings. Due to SAFESUN’s location on the BNB Smart Chain, this procedure may differ slightly from that of the majority of other exchange platforms. But if you follow a few simple procedures, you should be able to get some SAFESUN in no time.
Check out Pancakeswap here. Enter the desired trades, such as swapping BNB for SAFESUN. The next step is to link your TrustWallet account to this exchange. Open Pancake Swap, choose the “connect wallet” option, choose Trust Wallet, and then follow the on-screen instructions to do this. You may do this task by scanning a QR code, using a browser, or even directly through your TrustWallet.
Select the quantity to swap next, and then complete the transaction! Thank you for making it this far, if you’ve been keeping [ace you should have some of your SAFESUN!
Last Step: Store SAFESUN Securely
You should have some SAFESUN of your own if you are already following along. But now that everything has been spoken, you might be asking yourself, “Where do I keep it?” It is advisable to start thinking about wallet systems right away.
The most common alternatives while utilising SAFESUN include the well-known TrustWallet, MetaMask, Binance Chain Wallet, and a range of hardware solutions. However, your options are fairly constrained.
To withdraw your new SAFESUN cash from the exchange, choose “withdraw money” from the PancakeSwap UI. Following that, PancakeSwap will offer you some instructions and ask you to manually enter your new wallet address or scan the QR code. After a limited period of time for confirmation, your SAFESUN will be displayed in your new wallet.
CryptoWallet.com does not yet host SAFESUN, despite providing several wallet alternatives and a high level of security. It does, however, host a variety of other currencies and financial services, although not presently offering SAFESUN. It would thus be fascinating to monitor as a system in the future.
Frequently Asked Questions
Are there any quick ways to buy SAFESUN in Europe?
Compared to other cryptocurrencies, purchasing SAFESUN could seem a little more challenging. Fortunately, this guide applies to the EU, so we can lead you through each step in sequence.
Are there any alternative platforms to buy SAFESUN or Bitcoin with credit cards?
SAFESUN cannot be bought with fiat money, in contrast to other cryptocurrencies. As an alternative, you might buy a well-known cryptocurrency like BNB, Bitcoin, or Ethereum and then use a cryptocurrency exchange to trade it for the alternative coin of your choice. Look at the directions above to learn how to achieve this.
But by signing up with a cryptocurrency exchange that takes credit cards, one may buy bitcoin. One company that offers this service is eToro.