How to Buy Samoyed Coin UK – Beginner’s Guide

Memecoins have taken the blockchain ecosystem by storm, with hundreds of fun-themed cryptocurrencies posting massive growth in a short period. Two of the most popular, Dogecoin and Shiba Inu are the benchmark for the ever-expanding memecoin crypto niche. However, in the past few months, the frenzy to buy Samoyed Coin has been gaining steam as the asset makes its mark in the meme coin niche.

This how to buy Samoyed Coin guide will show you where to buy Samoyed Coin and explore the memecoin’s potential for the canine-themed crypto big stage.

How to Buy Samoyed Coin UK – Quick Steps

If you are in a hurry to invest in this fast-paced dog-themed cryptocurrency, then follow these quick-fire steps to get started on our recommended crypto broker, Bybit.

1. Open an account with Bybit – Click here to go to the Bybit website and then click on ‘Join Now’ to register
2. Upload ID – Provide the required documents to verify your account
3. Deposit – Make a minimum deposit of $50 (about 37.67 GBP) through a bank wire transfer, credit/debit card, PayPal, Skrill, and Neteller
4. Buy Samoyed Coin – Type in the crypto you want to buy into the search bar and click on ‘Trade’ to open the order page. Input how much you want to invest and click on ‘Open Trade’ to complete the purchasing process.

68% of retail investor accounts lose money when trading CFDs with this provider.

ByBit Review- Top Platform To Buy Samoyed Coin With Leverage

ByBit is a crypto derivative exchange founded in 2018 by Ben Zhou. The new-generation financial services provider is regarded as one of the best platforms to buy Samoyed Coin.

The platform is very big on anonymity and does not require KYC information from new users. However, the most attractive feature of this platform is that ByBit offers up to 100x leverage on cryptocurrencies.

The firm allows access to 15 standard crypto assets at very low rates. The platform does not charge fees to makers, but takers have to pay to remove the Bitcoin exchange’s liquidity. Makers are those who place orders before a trade, and takers are those who place trades that match the maker’s orders.

Makers are usually paid -0.025% in rebate when trading perpetual contracts, and takers are charged 0.075% per trade order. For spot trades, takers are charged at 0.10%. Withdrawals are charged at varying amounts for each crypto asset.

ByBit is not a regulated platform, so the firm headquartered in Singapore operates in regions with lax regulatory oversight.

The platform accepts crypto transfers, electronic transfers, Visa/Mastercard debit/credit cards and cash deposits as payment methods. Users have access to over 59 fiat currencies when using the cash deposit option and can only purchase BTC, ETH and USDT when using traditional currencies.

Pros

• Enables anonymous crypto purchases
• Up to 100x leverage on cryptocurrencies
• Educational resources
• Accepts crypto transfers
• Enables up to 59 fiat currencies for deposits

Cons

• Not regulated
• Derivatives are risky

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How to Buy Samoyed Coin UK – Tutorial

Below are steps on how to register and buy Samoyed crypto trading leader Bybit.

Step 1. Sign up to ByBit

The first step will be to create a free account on Bybit. To get started, click on ‘Sign up’ on the official Bybit homepage and fill in the necessary details. This usually entails inserting your full name, email address, username, mobile number and choosing a strong password. Meanwhile, you can easily create an account with your Google or Facebook profile.

Step 3. Deposit

Deposit on Bybit is super-easy to do. All you have to do is click on the action tab and tap the ‘Deposit Funds’ button. You will be redirected to the deposit page, where you can choose between a bank wire transfer, credit/debit card, PayPal, Skrill, and Neteller to fund your account through.

Step 4. Buy Samoyed Coin

When the deposit is complete, you can buy Samoyed Coin. The fastest and easier route will be to search for the coin on the search bar manually. Then you can click on ‘Buy Crypto’ to open the order page. Once there, insert the amount of Samoyed crypto you want to buy and click on ‘Open Trade’ to complete your purchase.

Your Samoyed coin UK will be immediately added to your trading portfolio.

What is Samoyed Coin?

Samoyed Coin is a dog-themed memecoin on the Solano ecosystem. The token is Solana’s memecoin aiming to be community owned.

Samoyed crypto is named after the CEO of Alameda Research and FTX, Sam Bankman-Fried, while the dog breed is picked from the Eastern European heritage of Anatoly Yakovenko, the co-founder of the Solana network.

Samoyed coin was inspired by ambassadors of the Solana blockchain who are building a strong community for SAMO. Samoyed coin community have so much belief in the project, and they have continued to provide strong support and publicity for the memecoin.

Since the coin is built on the Solana network, we can expect Samoyed to have similar features that the Solana blockchain is known for. This would likely include high scalability, eco-friendliness, and low transaction fees are what stands Solana blockchain out.

Although Samoyed coin is a meme coin, SAMO is becoming a real Solana ambassador, introducing Solana to new people, building new and exciting solutions for the ecosystem.

Why Buy Samoyed Coin?

Suppose you are wondering why you should buy Samoyed Coin; below are some important facts about the token.

1. Samoyed Coin is built on the Solana blockchain

Solana blockchain has risen to prominence recently and has seen a massive inflow of developer communities to its network. This has given credence to the long-term viability of the Ethereum competitor, making investors on the network back Samoyed Coin, the official mascot of Solana blockchain.

It is also likely that Samoyed coin will also keep growing as the Solana blockchain keeps expanding. This gives SAMO coin credibility and is one reason why you should buy the asset coin.

2. A gateway to joining the Solana network

Samoyed coin presents you with another opportunity to become a part of the Solana blockchain. As Solana keeps solving real-life challenges and processing transactions in record time, investors will flock into the blockchain, and funds will trickle down to every project on the Solana ecosystem. Samoyed coin has been positioned to benefit from the growing Solana ecosystem the coming days.

3. Samoyed Coin is below $5

Investors have the opportunity now to buy SAMO coin at a bargain. Just like those who kept faith in popular memecoins Dogecoin and Shiba Inu, and were rewarded with massive gains, those who buy Samoyed Coin now will likely see Samoyed coin price soar soon.

Samoyed Coin Price

At the time of writing, SAMO coin price has gained 0.68% and is trading at $0.04. The Solana network official mascot coin has a market cap of over $109.56 million, up 0.68% in the last 24hours. Samoyed Coin has a trading volume of over $4.87 million, up 195.23% in the last 24 hours.

The tokenomics of SAMO coin shows that the digital asset has a total supply of 10.3 billion tokens, while the circulating supply stands at only 2.73 billion SAMO coins.

Developers of SAMO coin have been putting measures in place to see a price rally. One way they have tried influencing a price increase is by token burn.

Token burn is commonplace in the crypto industry, where some tokens are permanently removed from the circulating supply. Samoyed coins saw 2.1% token burned at launch and a further 64% burned across three events. The latest token burn took place on 2nd November 2021, where 500 million $SAMO tokens were burned.

Samo Coin raced to an all-time high of $0.236 on October 28, before dipping in value.
At the tail-end of October, SAMO coin was the third-largest meme token, according to data per CoinMarketCap.com. Currently, Samoyed coin is the 4th largest meme coin according to market cap.

Samoyed Coin Price Prediction

Samoyed coin is the top memecoin on the Solana blockchain. The parody coin was created to engender a new crypto niche within the high-performance network.

Given the remarkable growth of the memecoin niche, Samoyed coin is set to become one of the fastest-growing crypto assets, given the low fees and high transaction throughput on the Solana protocol.

Since this Bitcoin alternative launched, Samoyed coin has garnered widespread adoption and is currently trading at $0.04. Due to the widespread adoption of the coin, it is expected that the digital asset will have a minimum price of $0.003, which will serve as an entry point for potential investors to buy Samoyed Coin. According to the crypto forecast website, wallet investor, the Solana memecoin will reach a maximum price of $0.2 within one year. This projection depicts a long-term earning potential of up to 420%.

The digital token is already making rounds in the market and presents itself as a viable long-term investment. Long-term market prediction platform, Digital coin price, summates that Samoyed will be worth up to $0.05 by the end of this year and by 2026, the digital coin will double up on the expected year-end price, reaching $0.14. By 2028, Samoyed Coin is expected to be trading at $0.2.

Best Samoyed Wallet

Cryptocurrency wallets are specialised software apps that integrate with various blockchain networks and hold public and/or private keys used in cryptocurrency transactions.

A cryptocurrency wallet often includes the feature of encrypting and/or signing information in addition to the function of storing the keys.

Crypto wallets allow you to shift digital assets between blockchain networks while also allowing you to examine your account information.

When you buy digital currencies on a trading platform or exchange, you may have the option of keeping the “keys” to your coins in your account – this is one type of storage. However, you may move them to a personal crypto wallet, which can be either software connected to the Internet (a hot wallet) or an offline device (a cold wallet).
Aside from the obvious security a wallet provides, there are a few more reasons to get a blockchain wallet:

1. They’re simple to utilise

Many crypto wallets are simple to use, much like any other app or software you might use on a regular basis. You can simply transact and safeguard your digital assets by signing up on your favourite crypto wallet.

2. Crypto Wallets are quite safe

Every crypto wallet comes with a private key. This key is used to access a user’s funds on the blockchain network.

The security of your crypto assets is simply a matter of keeping your private key safe. In addition, some crypto wallets like offer an extra layer of protection to your assets through two-factor authentication.

3. They allow for immediate transactions while eliminating middlemen

Unlike traditional banking systems, which rely on intermediaries to complete certain transactions, crypto wallets are not constrained by physical or financial boundaries.

As a result, third parties are cut out of the equation, and transaction times are sped up.

4. Transaction costs are low

The cost of sending and receiving crypto assets is much cheaper when compared with transactions by traditional banks. While transaction fees are an unavoidable price of high-speed transactions, they are relatively low when using a broker like Bybit.

You don’t need to store your crypto funds in cold storage or install a hot wallet application on your computer. Many crypto exchanges and brokers, like Bybit provide you with a secure exchange wallet, and most users prefer this option.

The Bybit Wallet has features similar to those found in other wallets. You get to enjoy the advantage of a professional platform, quick order execution, minimal fees, private key recovery service, and world-class 24/7 assistance.

Bybit – Best Broker to Buy Samoyed Coin

The global cryptocurrency industry is growing due to an increase in the desire for operational efficiency and transparency in financial payment systems, an increase in demand for remittances in developing nations, greater data security, and a larger market value.

Also, with the increase in acceptance of more popular tokens like Bitcoin, Ethereum and Solana enjoy, memecoins are gaining more popularity with time. Following Shiba Inu’s outstanding growth, memecoins like Samoyed crypto have experienced a significant spike in popularity among investors. Samoyed holds a lot of potential as a meme coin.

The Solana network memecoin’s value is expected to double in the coming year. This anticipated price increase is indicative of the token’s growing popularity in the digital asset market.

Bybit is the crypto investor’s one-stop-shop. The crypto broker provides all the necessities for investors and traders looking to branch into the crypto world regardless of their skill level and portfolio size. With low transaction fees and copy trading tools, it is easy to see why its services have garnered over 23 million users since launching in 2007.

68% of retail investor accounts lose money when trading CFDs with this provider.

Frequently Asked Questions on Samoyed Coin