Cryptocurrency investors often ask whether they can buy Safemoon on BitMart — a question that stems from both curiosity and caution. With the volatile nature of meme-inspired tokens and the ever-present risks in digital asset exchanges, it’s essential to understand not only where you can trade Safemoon but also whether the platforms involved are secure and trustworthy.
This guide breaks down everything you need to know about purchasing Safemoon, the legitimacy of BitMart, security concerns, and safer alternatives for acquiring and storing this controversial token.
Can You Buy Safemoon on BitMart?
Yes, Safemoon is available for trading on BitMart under the ticker symbol MOON. Users can purchase Safemoon using Tether (USDT), a widely adopted stablecoin pegged to the U.S. dollar. The process is straightforward:
- Deposit or purchase USDT on your BitMart account.
- Navigate to the MOON/USDT trading pair.
- Place a buy order at the current market rate.
This method offers a centralized exchange option for those who prefer not to navigate decentralized platforms like PancakeSwap. However, while BitMart does list Safemoon, its reputation raises important red flags that potential buyers should consider before proceeding.
👉 Discover a secure way to trade digital assets today.
Is BitMart a Legitimate Exchange?
While BitMart operates as a global cryptocurrency exchange offering hundreds of trading pairs, its legitimacy has been seriously questioned due to recurring user complaints and past security failures.
Many users have reported:
- Inability to withdraw funds
- Sudden freezing of accounts without explanation
- Poor customer support response times
These issues suggest potential operational or regulatory weaknesses. Although BitMart remains active and continues to list new tokens, its track record demands caution.
For investors prioritizing fund safety and platform reliability, exchanges with stronger compliance frameworks and transparent audit histories may be better choices.
Was BitMart Hacked?
Yes — in December 2021, BitMart suffered a major security breach resulting in the theft of approximately **$196 million worth of digital assets**, with hackers withdrawing around $150 million in cryptocurrencies.
According to cybersecurity firm PeckShield, the attack exploited compromised API keys from two of BitMart’s hot wallets. The exchange confirmed the incident in an official statement, labeling it a “large-scale security breach.”
While BitMart reimbursed affected users, this event underscores the vulnerability of centralized exchanges to cyberattacks — especially those with less rigorous security protocols.
This history should prompt traders to evaluate risk carefully when storing funds or conducting trades on platforms with past breaches.
Is Safemoon a Shitcoin?
The term “shitcoin” is often used informally to describe cryptocurrencies with little to no intrinsic utility, high volatility, and value driven primarily by speculation and social media hype — and Safemoon fits much of this description.
Launched in April 2021, Safemoon quickly gained attention through aggressive online marketing and promises of passive income via token rewards. It features:
- A 10% transaction fee on every trade (split between liquidity pool, staking rewards, and developers)
- No unique blockchain technology or real-world application
- Heavy reliance on community-driven momentum
Despite amassing over 2 million holders and being listed on more than 15 exchanges, including BitMart and PancakeSwap, Safemoon lacks fundamental innovation compared to established projects.
Many financial experts and crypto analysts classify it as a speculative asset rather than a sound investment — aligning it closely with what many call "meme coins" or "shitcoins."
How to Swap Tokens for Safemoon on PancakeSwap
For those seeking a decentralized approach, PancakeSwap (on Binance Smart Chain) is one of the primary platforms for trading Safemoon.
Here’s how to do it safely:
- Use a compatible wallet like Trust Wallet or MetaMask.
- Connect your wallet to PancakeSwap.
Select SAFEMOON from the output token dropdown.
- Important: Verify the contract address:
0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- Important: Verify the contract address:
- Enter the amount of BNB or other input token you wish to swap.
- Confirm the transaction in your wallet.
Always double-check URLs and contract addresses — scammers frequently create fake versions of popular dApps.
👉 Access a trusted platform to explore decentralized trading options.
How to Protect Your PancakeSwap Account
Security is paramount when using decentralized finance (DeFi) platforms. Unlike centralized exchanges, DeFi apps offer no recovery options if you lose access or fall victim to fraud.
Follow these best practices:
- ✅ Write down your recovery phrase on paper and store it securely offline.
- ❌ Never take screenshots of your seed phrase — malware can access your device's clipboard or photo gallery.
- ❌ Avoid saving your private keys or passphrase in digital notes, emails, or cloud storage.
- 🔐 Only access PancakeSwap through verified sources — preferably via the DApp browser in Trust Wallet or MetaMask.
- 🛡️ Regularly check contract addresses against official project channels (e.g., Safemoon’s verified website or social media).
Remember: You are your own bank in DeFi — protection starts with you.
Frequently Asked Questions (FAQ)
Can I buy Safemoon with a credit card?
Yes, indirectly. On exchanges like BitMart, you can use a credit card to purchase USDT, which can then be traded for Safemoon. Some third-party payment processors integrated into wallets also allow direct crypto purchases with credit cards.
Is Safemoon listed on Coinbase?
No, Safemoon is not supported by Coinbase. The exchange has not announced any plans to list it, citing concerns over token economics and regulatory compliance.
Why does Safemoon charge a 10% fee?
The 10% transaction fee is split as follows:
- 5% distributed to existing holders as rewards
- 4% added to liquidity
- 1% sent to the development team
This model aims to incentivize holding but significantly increases trading costs.
How many exchanges list Safemoon?
As of 2025, Safemoon is listed on more than 15 exchanges, including BitMart, PancakeSwap, LBank, and Poloniex. Most listings are on smaller or mid-tier platforms rather than top-tier regulated exchanges.
Is it safe to keep Safemoon on BitMart?
Given BitMart’s history of hacks and account freezes, it's generally not recommended to store large amounts of any cryptocurrency on the platform long-term. Withdraw funds to a private wallet after trading.
What is the safest way to buy Safemoon?
The safest method involves:
- Using a reputable exchange to buy BNB or USDT
- Transferring funds to a self-custody wallet (like Trust Wallet)
- Swapping via PancakeSwap after verifying the contract address
This reduces exposure to exchange-related risks.
👉 Start trading with confidence on a secure global platform.
Final Thoughts
While it is technically possible to buy Safemoon on BitMart, doing so comes with notable risks — both from the token’s speculative nature and the exchange’s questionable reliability. Investors should approach such opportunities with caution, prioritizing security, due diligence, and long-term strategy over short-term hype.
Whether you're exploring meme coins for fun or considering them as part of a diversified portfolio, always verify information, protect your credentials, and use trusted platforms for transactions.
Understanding the tools, risks, and alternatives empowers you to make smarter decisions in the fast-moving world of cryptocurrency.
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