How to Buy Bonk BONK

how to buy $bonk

Dogecoin, launched in December 2013, was initially created as a joke by software engineers Billy Markus and Jackson Palmer. It featured the Shiba Inu dog from the popular “Doge” meme as its logo. First, you can use a decentralized exchange (DEX) to convert the tokens.

Put otherwise, MEXC’s web wallet doesn’t provide you with private keys, so you don’t control the Bonk Coins. The most common way to buy Bonk Coin is via a crypto exchange. Some of the most popular exchanges listing Bonk include Bybit, OKX, Gate.io, Binance, KuCoin, and Coinbase. We, however, rank MEXC as the best option – especially when it comes to low fees and safety. In a nutshell, you would only need to invest $38.59 to get 1 million Bonk Coins.

  1. After all, meme coins can lose significant value overnight.
  2. Ultimately, it’s best to treat Bonk as a speculative investment.
  3. Those eligible for the Bonk airdrop had previously engaged with the Solana network.
  4. Bonk is defined as a meme coin, as it has questionable use cases.

A DEX is a peer-to-peer transaction network that allows users to convert tokens for a small fee. Coinbase Wallet is a wallet service provided https://www.bitcoin-mining.biz/ by Coinbase. Funds are held in the wallet instead of by Cioinbase themselves. You do not need a Coinbase account to have a Coinbase Wallet.

Anti-money laundering laws can no longer be ignored by crypto exchanges. This is especially the case after the Department of Justice recently fined Binance over $4 billion for money laundering failures. Therefore, before you can buy Bonk Coin with a debit/credit card, you’ll need to complete a quick KYC process.

What are memecoins and tokens?

It is a risky investment, so it is important to take into consideration your risk tolerance and financial goals before making an investment decision. Most investors will look to buy Bonk Coin with fiat money, such as a debit/credit card or bank account. The specific process will vary depending on the exchange.

how to buy $bonk

On the BONK page, you can select the “Buy” button and enter the amount of BONK you want to purchase. Once you select the desired amount, you can execute the trade. You should see your BONK holding appear in your portfolio. Coinbase wallet is a great option for those looking for more security but do not want the hassle of a physical device. It is also free, whereas most hardware wallets require purchase. You can buy Bonk safely on the MEXC exchange without paying any commissions.

Need some more guidance on where to buy Bonk Coin in 2024? We’ll now walk you through the investment process every step of the way. If you’d like a friendly multichain wallet for crypto, NFTs, and DeFi, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android. Its founders have remained anonymous since the inception of the project.

Step 7: Store Bonk in a Private Wallet

As such, the success of Dogecoin set a precedent for other memecoins to emerge. BONK—a memecoin on the Solana blockchain—is one of the newest and hottest crypto tokens. As 2023 ends, many are already looking https://www.crypto-trading.info/ at 2024 and what is to come for crypto. With the highly anticipated decisions on spot Bitcoin ETFs, Bitcoin halving and Ethereum upgrades, there is certainly some buzz around crypto at the moment.

In this article, we’ll give you a quick overview of BONK’s origin story and how you can buy, sell, and trade the memecoin. The first step to purchasing BONK is to open an account on a crypto trading platform. Since BONK has only recently become popular, it is not on many exchanges right now. To get started on Coinbase, create an account using an email and verify it using a driver’s license or other form of identification. Bonk’s proponents will argue that the coins have a use case.

how to buy $bonk

This will notify you when your price target has been triggered. Nonetheless, once you’ve selected an exchange, you can proceed to open an account. This should only require your email address or mobile number, https://www.topbitcoinnews.org/ plus a password. However, you’ll need to provide more personal information if you’re planning to buy Bonk with fiat money. Looking to sell Bonk for another cryptocurrency, like Ethereum, USDT, or BNB?

For example, Best Wallet doubles up as a decentralized exchange, meaning you can swap coins without leaving the wallet interface. Memecoins and tokens are a relatively new phenomenon, and are closely tied to the emergence of cryptocurrencies and the culture surrounding internet memes. Caden has been involved with cryptocurrency for several years, began trading and investing in crypto in 2018 and is highly experienced with DeFi technology. Currently, he mines multiple coins and holds positions in Cardano and Ethereum. During the last bull market in 2021, Ethereum provided a powerful and efficient way to create and market tokens.

Over time, numerous cryptocurrencies with meme-inspired branding and themes started to surface, often capitalizing on internet trends and social media hype. From there, select the “Sell” button and enter the amount to sell. With a verified Coinbase account, you can connect your bank account and fund it.

In reality, most people buy Bonk Coin to make a financial gain. The upside potential has the potential to be huge, but so are the risks. After all, meme coins can lose significant value overnight. Ultimately, it’s best to treat Bonk as a speculative investment. Consider the investment as lost capital; any returns you make are a bonus. This website is using a security service to protect itself from online attacks.

How to buy BONK?

Solana is one of these and houses the memecoin, Bonk (BONK). However, the reality is that most meme coins lose investors money. Therefore, we strongly suggest that you research Bonk before risking any funds. A good starting point is to read the Bonk Coin whitepaper. This highlights everything you need to know about the project, such as its long-term goals and tokenomics.

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. If you have followed crypto over the past several years, you’ve heard of popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). These tokens, themed after dog memes, rose to prominence overnight and saw price increases that were almost unbelievable. While Ethereum is popular, other chains exist that people are intent on using.

Solana liquid staking: The ultimate guide (

The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses. You’ll hopefully be able to sell your Bonk Coins for more than you originally paid.

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