As the popularity of SafeMoon and other DeFi tokens continues to grow, so does the interest in where to store them. For many users, Coinbase is their go-to cryptocurrency exchange and wallet provider. So the question becomes, can you hold SafeMoon in Coinbase Wallet?
The short answer is no, you cannot currently hold SafeMoon in Coinbase Wallet. However, there is a workaround that will allow you to store your SafeMoon tokens on Coinbase.
Here’s how it works:
1. First, you’ll need to purchase SafeMoon on a different exchange that supports the token.
Binance is currently the only major exchange that offers trading pairs for SafeMoon.
2. Once you have purchased your SafeMoon tokens on Binance, you can then withdraw them to your personal wallet.
We recommend using Trust Wallet or MetaMask for this step.
NOTE: Warning: Coinbase Wallet is not currently supporting the storage of SafeMoon. It is not recommended to store SafeMoon in Coinbase Wallet until further notice. There is a risk that your tokens may be lost or stolen if stored there. It is recommended that you store your SafeMoon tokens in an ERC-20 compatible wallet such as MetaMask or MyEtherWallet for safety and security.
3. Next, you’ll need to add the SafeMoon token to your Coinbase Wallet.
This can be done by going to the “Add Token” page and selecting the “Custom Token” option.
4. From there, you’ll simply need to enter the contract address, symbol, and decimals for SafeMoon.
The contract address can be found on the Binance website under the “Withdrawal History” page for SafeMoon.
5. Once you have added the SafeMoon token to your Coinbase Wallet, you will then be able to see your balance and transactions associated with your SafeMoon tokens just like any other supported token on Coinbase Wallet.
While this workaround does require a few extra steps, it is currently the only way to hold Safemoon in Coinbase Wallet. We expect that support for Safemoon will be added directly to Coinbase in the near future as interest in the token continues to grow.
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