This isn't a recommendation to purchase Safemoon or Doge, but I thought a post on how Wallets and Crypto work might be really helpful for all of those people trying to figure this out. So here is my best explanation, hopefully in simple terms.

For most crypto, you store it at an address. What an address is, is a hash of a public key. A public key also comes with a private key. So, if you want a new address you generate a public/private key pair, and then hash* up the public key to form your address. You then send the crypto to your address which represents your public key. The address and transactions are stored on a public ledger (or log of all the transactions) so everyone in the world can see what addresses are being used and how much coin each address has.

Now, if you want to spend your coins, you need to know your public/private keys for the address to make a signature verifying that you are sending your coin to a different address. You then broadcast your transaction with the signature. For the transaction to be valid and accepted by the network, 1) the ledger must show that you actually have the coin stored at the address, and 2) your signature must be valid. Your signature is a mix of your public key and something signed by your private key. It can be validated really easy, but it is almost impossible to forge unless you know the private key.

So what is TrustWallet? It is a way to manage all of your addresses and their public/private keys, as well as a tool to be able to read the ledger (so it can figure out how much coin you have) and broadcast transactions. When you first setup Trust Wallet, it will give you a set of words. They use words because they are easier to write down and restore than just numbers. These words become your backup and you should never give them out publicly. The words form a seed (just like a seed in Minecraft) that is used to generate public/private keys. The same set of words will generate the same set of public/private keys. This allows you to not only generate lots of address for 1 type coin, but also generate addresses for lots of different types of coins.

A wallet is basically a set of addresses that you can store your coin at, and the words are your backup incase you need to restore all of your public/private keys. If you lose your private keys, you have lost the ability to spend your coin.

So what is Binance? If you create an account with Binance, it also provides you with a wallet. However, they manage all of the keys for you, so you do not get a backup. But what they do have is an exchange where you can trade USD for coins. For Safemoon, that includes BNB (binance coin). However, binance's wallet doesn't support Safemoon. So that is why you need to send your BNB from Binance to your TrustWallet, which through Pancake swap allows you to to exchange BNB to Safemoon. By the way, BNB has two different kinds of addresses, Binance doesn't support the smart addresses. TrustWallet does, and it can move your BNB from the old addresses to the smart addresses.

Simplex is another exchange that integrates with TrustWallet. When you use them, they send your newly bought coin directly to an address generated inside your TrustWallet. Too bad it doesn't work most of the time.

Every time you send your coin to a new address you will have to use a small portion of it pay the people that run the network. These usually are the miners, that store copies of the ledger and run the network. Also, every time you exchange one coin for another, or purchase some with USD you will pay a commission. So after you have moved your BNB to Trustwallet and then purchased Safemoon, you will probably be down $10-$20 depending on how much you buy.

Hope this helps. Feel free to correct anything I got wrong. I hope that a simple overview of how crypto works will help figure out all of this and keep your coins safe.

*Public keys are really long, so to make them smaller, you hash them up. What that means is you run your public key through an algorithm that generates a string of a certain length. The same public key will always generate the same hash. The hash becomes your address. Hashes are also irreversible, in that it is almost impossible to run the algorithm backwards to figure our the original public key. It is also really hard for two different public keys to generate the same hash.