While it is one of the largest exchanges in the world, there have been a couple of issues.īitMart self-proclaims that it is the “most trusted cryptocurrency trading platform.” Yet, it was hacked in late 2021, and many customer complaints ensued. In comparison, FTX and Binance rank among the best crypto exchanges, with scores above 8.5 and 9.9, respectively.īitMart states its core priorities are trustworthiness, accessibility and professionalism. Is BitMart Safe?ĬoinMarketCap gives BitMart a score of 5.5 out of 10 based on web traffic, liquidity, transaction volume and legitimacy. Users can trade more than 1,000 cryptos, take advantage of its staking services and buy and sell NFTs.
#BITMART SAFE MOON PRICE DOWNLOAD#
In addition to its web platform, BitMart has an app available to download on both the Apple App Store and the Google Play Store which are rated 4.6 stars and 3.0 stars, respectively. BitMart supports crypto trading in more than 180 countries and services 9 million customers. Many experts have come to the conclusion that SafeMoon shows all the hallmark traits of a Ponzi scheme and argue that the token has no real use.īitMart is a centralized exchange that began in 2018 and is based out of the Cayman Islands. More worrying, however, is the fact that SafeMoon is facing a class-action lawsuit for defrauding and misleading investors. Even diehard SafeMoon advocates have voiced dismay due to not receiving promised redistribution payments for holding the token. SafeMoon has received heavy criticism from media outlets and crypto influencers.
When investing, your capital is at risk.This is accomplished by incorporating a 10% penalty fee, or tax, for any sellers of the SafeMoon token. Meanwhile, in June, a smart contract audit conducted by blockchain security startup HashEx identified 12 security vulnerabilities in SafeMoon.ĭisclaimer: The content on this site should not be considered investment advice. SafeMoon has risen in popularity since its inception in March, mostly because of the support of celebrities such as YouTuber Jake Paul and artist Lil Yachty, who had posted positive messages about the token on their social media profiles.ĭespite this, the token has failed to regain the levels reached at its all-time highs in April, prompting some analysts to label the asset a “ pump-and-dump coin.” Please standby while we get more information. SafeMoon Products are safe (SWaP and Wallet).
We are working with them to rectify the situation.
#BITMART SAFE MOON PRICE UPDATE#
SafeMoon CEO John Karony came to Twitter to provide holders with an update on the exchange he tweeted:
It should be emphasized, however, that SafeMoon does not have any control over third-party exchanges. In the wake of the recent security breach at the BitMart exchange, various tokens, including SafeMoon, have been impacted. Source: CryptoRankįurthermore, SafeMoon is one of the most followed cryptocurrencies on Twitter, with 1.2 million followers, which is more than the fifth biggest cryptocurrency by market capitalization, Solana, which has 1 million followers ( SOL). The token received over 151,757 mentions and is now ranked in the top ten with Bitcoin ( BTC), Shiba Inu ( SHIB), and Ethereum ( ETH). Indeed, as of December 5, SafeMoon is ranked eighth among the top ten cryptocurrencies mentioned on Twitter this week.
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