The Best 5 Safemoon (SAFEMOON) Wallets to Use in 2024
Safemoon Protocol is a decentralized finance (DeFi) project that has a combination of RFI tokenomics and an auto-liquidity generating protocol.
The project is also considering expanding to include a non-fungible token (NFT) exchange and charity projects and crypto educational apps. Holders of the native token SAFEMOON earn more of the token depending on how many coins they have, paying up to 80% APY.
As a deflationary token with a coin-burning strategy, it is expected that the price of the token will increase steadily in the future as long as other factors remain the same. This means that SAFEMOON is a good potential investment.
If you’re considering buying it, you should think about the best wallet to use for it too, and the following are the best wallets to use for holding the tokens.
Trust Wallet
Trust wallet is a trusted wallet for buying and holding crypto assets such as SAFEMOON. The wallet supports millions of other cryptocurrencies, many of which you can simply swap SAFEMOON with.
The wallet is non-custodial, giving you full control over your crypto assets with no external control from any third party. You can use it as a mobile app on your Android or iOS app, or as a browser extension wallet for top web browsers.
You can also use the wallet to stake crypto assets for passive income as well as hold your favorite non-fungible tokens (NFTs).
Metamask
Metamask is the most popular browser extension wallet for crypto assets. It supports thousands of crypto assets on Ethereum and other blockchains. You can use it to hold SAFEMOON and any of the supported assets, including NFTs.
The wallet also allows users to stake their assets in order to earn passive interest on such assets. Being a browser wallet, you don’t need to install an app on your computer to use it. It however comes as a mobile app for Android and iOS devices.
The wallet works with top web browsers such as Chrome, Brave, Firefox and others. You can also use it seamlessly to interact with decentralized applications on supported blockchains.
Atomic Wallet
You can use Atomic wallet to hold SAFEMOON as well. It is a non-custodial web3 wallet with features such as staking of crypto and support for NFTs. The wallet is usable on desktops and mobile devices both Android and iOS.
You can also use it as a browser extension which was launched more recently. The wallet can be synchronized across different devices so that you can easily manage your portfolio from various devices all at once.
The wallet’s design is very simple, making it possible to use it even with very little knowledge of cryptocurrencies. There are over 1,000 supported cryptocurrencies on the wallet, giving users enough options when it comes to investing.
OKX Wallet
OKX wallet is a hot wallet that is owned by OKX exchange. However, the exchange has no control over your crypto assets because it is a non-custodial wallet that gives only the user access to the portfolio.
The wallet supports over 350 crypto assets you can easily swap with each other. You can also use it to stake your assets and earn passive income from them. The wallet also supports NFTs, so you can buy and hold your favorite collections right on it.
You can use it as a mobile wallet on your Android and iOS devices, or you can also use it as a browser extension with most top browsers and operating systems.
Binance Wallet
Binance wallet is an advanced web3 crypto wallet that supports hundreds of crypto assets including SAFEMOON. You can use it to stake, earn, and hold NFTs as well. The wallet comes as a mobile app for Android and iOS devices.
It is a wallet created by Binance exchange, but it is entirely separate from the exchange and gives the user full control over the assets since it is a non-custodial wallet. It is famously known for its high security which makes it difficult to steal from.
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