How to Buy Saitama Inu (SAITAMA)

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Contributor, Benzinga
Updated: September 12, 2022

Want to jump straight to how to buy Saitama Inu? You'll need to purchase ETH on an exchange like eToro and swap your ETH for Saitama Inu on Uniswap.

Saitama Inu is yet another memecoin made in 2021 thanks to the dog coin frenzy sparked by Elon Musk. It says that it is hoping to make crypto safe and accessible for all, but does it actually have the capabilities to do so? Or is this even anything more than a talking point? Since its peak, Saitama Inu is down alongside most other memecoins –– is this capitulation, or has the dog coin bubble burst? Can Saitama crypto make a difference in your portfolio?

What is Saitama Inu (SAITAMA)?

SAITAMA is an ERC-20 token, meaning it is based on the Ethereum blockchain. It claims to be a store of value with protections in place to protect this value. For example, 2% of every token transaction is burned in order to retain the token's value. While in theory this should help maintain price, it hasn't proved to work in practice. It also has “anti-whale” procedures, meaning it hopes to prevent large investors from drastically affecting the price of the token. However, this feature is not fully functional and remains unclear. All of these features are par for the course of memecoins and rarely do anything but act as good talking points for the narrative. The only real driver of success with coins like Saitama Inu is the meme and its ability to spread. If the coin is marketed well and rises in popularity, there's a good chance it's price will increase too.

The token hopes to offer more DeFi features than other memecoins. This was essentially the playbook of Shiba Inu. It seemed to work out extremely well for SHIB but it likely wasn't the main driving factor. SHIB was propelled forward at least partially by the massive donation Vitalik Buterin made to the COVID-Crypto India Relief Fund after he was given 50% of the supply. The team recently launched its own cryptocurrency wallet, called SaitaMask wallet. The wallet is supposed to be a more efficient way to store crypto holdings. It is also hoping to unveil a marketplace and NFT platform. However, this goal has yet to be achieved, making the coin’s value purely speculation. Again, even if it can deliver on these promises, Saitama Inu's value is heavily dependent on the continued propagation of the meme.

Brief History of Saitama Inu (SAITAMA)

SAITAMA began trading in May 2021. The pseudonymous creator, Ryoshi, abandoned the project shortly after its release, apparently due to personal reasons, and YouTuber Steve@RocketCrypto now leads the project. It is currently suffering from the market crash like every other crypto and is down significantly from its all-time high of $0.00000014. 

How to Buy Saitama Inu (SAITAMA)

Now that you understand the basics of SAITAMA and its vision, you may be interested in learning how to buy Saitama Inu. Fortunately, purchasing the token isn't too hard as it is an ERC-20 token. It is a bit more complicated than just buying one of the most popular tokens like Ethereum, however.

  1. Open an online account.

    To buy SAITAMA, you first will need an online account. This way you can buy tokens and use them on an exchange to obtain SAITAMA. While there are many exchanges to buy crypto on, there are a handful that stand out for their ease of use, security and focus on education.

    While large exchanges like Coinbase, eToro and Voyager don’t offer Saitama, you can purchase ETH and transfer it to a wallet to purchase Saitama on Uniswap. These exchanges support a variety of tokens and are very easy to use. To sign up, you will need an email and password. Due to know your customer (KYC) laws, the brokerage may also require some basic personal information. After that, you can fund your account with an ACH or credit transfer, and you are ready to begin buying crypto. 

  2. Buy or download a crypto wallet.

    Because you cannot buy SAITAMA directly from a crypto brokerage, you will have to do so on a decentralized exchange like Uniswap. Exchanges use wallets to facilitate transactions. A wallet is a place to store crypto separate from an exchange or brokerage.

    MetaMask is a software wallet that also supports ERC-20 tokens. To make a MetaMask account, all you need is to create a password. You will then be given a wallet address, which is typically a long string of numbers and letters. Software wallets can be easier to use but do not offer the same level of protection as hardware wallets. 

  3. Make your purchase.

    Once you learn how to buy Saitama Inu and have a wallet and a funded crypto brokerage account, you can send crypto from your brokerage account to your wallet. To do this, navigate to your investment on the brokerage and hit “Trade” and then “Send.” Enter in the address from your MetaMask or Ledger wallet and send the crypto. 

    You can then connect your wallet to the Uniswap or Gate.io exchange. Navigate to the deserted pair of SAITAMA and another crypto and execute the trade. After this, your Saitama will be stored in your wallet. 

Best Hardware Wallet For Saitama Inu Tokens

Best Hardware Wallet: Ledger

  • Ledger Hardware Wallet
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Ledger is a hardware wallet that supports all ERC-20 tokens. It is a physical device that stores the keys to your crypto wallet. Hardware wallets are arguably the safest way to store crypto.

Ledger currently offers 2 models: the Ledger Nano S and Ledger Nano X. The Nano S is more beginner-friendly and offers mostly basic features. The Nano X is designed for more advanced users and offers features such as more storage space. 

BZ

Tip:

Keep an eye out for the release of Saitama Inu’s marketplace and NFT platform. These features may attract attention and increase the hype.

Trade, Sell or Convert your Saitama Inu (SAITAMA)

To convert your SAITAMA, navigate back to the exchange and select the pair of the desired currency and SAITAMA. Execute the trade and you should have the desired crypto back in your wallet.

To sell, you can send the supported crypto back to the brokerage and sell it for fiat (USD) or hold it.  eToro and Webull are some of the best exchanges to buy Ethereum to fund your metamask wallet with.

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    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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Is Saitama Inu (SAITAMA) a Good Investment?

Saitama Inu is a mostly speculative coin as of right now. It has not shown many new features and is mostly riding on hype. If it can begin to release features that are useful and add to the token and the meme stays alive, the value may rise. However, most of these features are still in development and it is essentially impossible to predict whether the hype of a memecoin will survive (unless you happen to be Elon Musk).

Frequently Asked Questions

Questions & Answers

Q
Can Saitama Inu reach 1 dollar?
A

It is possible that Saitama Inu reaches $1, however, very unlikely. With a max supply of 100B, for the token to reach $1 the market cap would have to reach 100B which is extremely unlikely. Currently there are only two cryptos with a market cap above 100 billion being Bitcoin and Ethereum.

Q
Is Saitama crypto a good investment?
A

Saitama crypto could be a good investment if it can gain some footing. Watch the markets carefully and only invest money you are prepared to lose while waiting for the token to grow in value.

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