Always keep your private keys safe and never share them with anyone. Bonk started as a community-driven cryptocurrency on the Solana blockchain, quickly becoming a favorite among crypto enthusiasts who love a bit of humor with their investments. Unlike traditional cryptocurrencies, Bonk has a unique charm that stems from its dog-themed origins and vibrant community. If it’s your first time purchasing Bonk, MoonPay will automatically create a new SOL wallet for you, in case you don’t have one. You can choose to enter an external wallet at the time of purchase to receive your BONK.
These decentralized exchanges (DEXs) specialize in Solana-based tokens and provide a straightforward purchasing experience. However, before choosing a crypto exchange platform, you need to consider several factors. Compare fees, payment methods, security features, reliability of different platforms. And, choose the one that is suitable to your Bonk token investment requirements.
Current Crypto Prices
The most common platforms include Coinbase, Binance, Kraken and other Solana-based exchanges like Orca and Raydium. The easiest way to buy BONK is to use a centralized exchange that accepts fiat payments. Coinbase and Binance are two options that have a strong reputation and provide a robust level of security. You can create an account by filling out the registration form and verifying your ID.
Step 1 – Setting up a Phantom Wallet
It is the best platform to buy Bonk tokens at low transaction fees. Centralized crypto exchange platforms are the best places to buy Bonk tokens or any other types of cryptocurrencies. They not only offer simplified processes but also make it easy to access your crypto holdings. Meme coins help investors make substantial profits in the short term. They are high risk and high profit investments with a wide spread user adoption.
It differentiates itself with its distinctive tokenomics, which are tied in some way to its burning mechanism. It is important that the exchange you pick offers payment methods that are convinient and low-cost. Coinbase and Binance both offer several choices; other exchanges might have fewer options available. All examples listed in this article are for informational purposes only. You should not construe any such information or other material how to buy slp as legal, tax, investment, financial, cybersecurity, or other advice.
Bonk likely does not have much value for the end user in comparison to other projects. However, other meme coins have been in similar situations and still seen drastic price increases. While this does not mean that BONK will appreciate, a strong community could allow it to happen. It is a risky investment, so it is important to take into consideration your risk tolerance and financial goals before making an investment decision.
- Click on ‘Create a new wallet’ Now type your password.’ Choose a strong password for your Phantom wallet and continue.
- When your account is funded, Search for “Bonk” on the exchange platform.
- Binance is the largest crypto exchange platform by trading volume and is serving billions of customers across the world.
- After you wrote down your backup phrase, confirm everything is correct and click “Done”.
- Bonk is one of the most popular Solana meme coins to buy, after reaching a new all-time high in November 2024.
- However, other meme coins have been in similar situations and still seen drastic price increases.
How to bridge tokens to Solana with Phantom?
Bonk is a unique dog-themed meme coin with a history of success. Its combination of marketing, utility, and community grew its popularity quickly, and the team has plans to continue to build its potential as Solana’s community coin of choice. Its deflationary burning mechanism promotes scarcity, which may continue to make it attractive as a buy-and-hold. You can use more than 20 fiat currencies like EUR, USD, and GBP to buy BONK and other popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). In fact, more than 250 cryptocurrencies are available in the App, including Bitcoin, Ethereum, Solana, and Ripple.
Buy Bonk, the friendly Solana meme coin!
You can pay with a credit/debit card, Apple Pay, Google Pay, or PayPal. We also support local options such as UK Faster Payments, Pix in Brazil, as well as Venmo and bank transfers in the US. MoonPay offers a fast and easy way to buy Bonk (BONK), the adorable Solana meme token. Pay with a credit/debit card, bank transfer, Apple Pay, Google Pay, and more. In 2024, Bonk is showing strong growth, making it an exciting option if you’re interested in exploring new meme coins.
- These developments aim to not only enhance Bonk’s utility but also solidify its position as a staple in the crypto market.
- It featured the Shiba Inu dog from the popular “Doge” meme as its logo.
- The BONK token price rose by 40% as a result of Coinbase listing.
- Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your BONK (BONK).
- Let us look at the step-by-step process to buy BONK tokens on Coinbase.
Since early 2023, its adoption has grown at an impressive rate, establishing it as a unique digital asset embraced by Solana’s rapidly expanding ecosystem. “Not your keys, not your coins” is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your BONK (BONK) to a non-custodial wallet. Storing BONK (BONK) in a non-custodial or self-custodial wallet grants you complete control over your private keys.
Look for exchanges with two-factor authentication (2FA), cold storage space for funds, and insurance policies. Platforms like Kraken and Coinbase are particularly stringent about security. Since launching 12 years ago, Bankless Times has brought unbiased news and leading comparison in the crypto & financial markets.
Buy BONK and 100+ other cryptocurrencies, including Bitcoin, Ethereum, and more
There are many custodial and non-custodial options to choose from, such as Ledger, Phantom, Exodus, and Trust Wallet. The easiest way to buy Bonk is by topping up your MoonPay balance. Just add funds in your MoonPay account to enjoy faster BONK purchases with lower fees, higher approval rates, and zero-fee withdrawals when you cash out to fiat.
If you’d like to trade BONK but this is your first time using steps to starting up an independent broker dealer Solana—don’t worry, we’ve got you covered. With our Cross-Chain Swapper you can swap to BONK across Solana, Ethereum, and Polygon right from your Phantom wallet. Over time, numerous cryptocurrencies with meme-inspired branding and themes started to surface, often capitalizing on internet trends and social media hype. Memecoins and tokens are a relatively new phenomenon, and are closely tied to the emergence of cryptocurrencies and the culture surrounding internet memes. BONK—a memecoin on the Solana blockchain—is one of the newest and hottest crypto tokens.
When using a card or Apple Pay, funds will reach your account instantly. If you opt for a bank transfer, funds could take 1 to 3 business days to clear. As soon as your account shows the funds, you can start buying BONK.
These trends show the evolving nature of meme-driven cryptocurrencies within the broader blockchain ecosystem. Bonk is one of the most popular Solana meme coins to buy, after reaching a new all-time high in November 2024. how to buy bitcoin in the uk Today, many investors are interested in adding Bonk to their portfolio before the next meme coin season takes full swing. To help you buy BONK safely, this guide provides a step-by-step overview of how to invest in Bonk coin and the best exchanges to buy BONK from. Once set up, fund your account with a bank transfer, Apple Pay, or a debit or credit card.
Step 3 – Swap SOL to Bonk on Phantom
Bonk token is one of the new meme coins on the Solana blockchain. It holds huge growth potential and is the best investment at current market conditions. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have gained popularity in the crypto world, primarily fueled by social media and community engagement. While many are built on the Ethereum blockchain, alternatives like Solana are emerging, offering faster transactions and lower fees, as seen with Bonk (BONK).