Do you believe that Bonk could replace Shiba Inu as the world’s second most popular meme coin? If so, based on current prices, Bonk Coin would need to increase by almost 700%. If you’re super bullish and believe Bonk could reach the same market capitalization as Dogecoin, that would require a 1000% upside. However, some of you will want to sell Bonk for fiat money, such as EUR or USD.
We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet. If you’d like to trade BONK but this is your first time using 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. If you’d like to learn more about this, read our Solana memecoin guide.
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.
Either way, you’ll need to click on ‘Buy BONK’ to complete the order. We’ll now guide you through the process, allowing you to buy Bonk Coin with ease.
How to Buy Bonk Coin – Quickfire Tutorial
Ledger is a hardware wallet that allows users to securely store crypto. It stores private keys on a physical device, so crypto can only be accessed if the device is present. Ledger wallets support the sending and receiving of Solana assets, including BONK. The token saw an initial price spike right after the airdrop but leveled out for most of 2023. However, in November and December of 2023, BONK’s price spiked. The token went from a market cap of less than $20 million in the beginning of November to nearly $2 billion in less than a month.
However, they did burn their supply of the tokens to support price appreciation. This idea has worked before, most notably https://www.coinbreakingnews.info/ with Dogecoin (DOGE). The token also serves primarily as a form of payment and was adopted by Elon Musk’s Tesla.
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, 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?
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.
Step 4: Register With a Crypto Exchange
Next to the currency, you need to select the crypto asset to buy. Nevertheless, to guide you through the process, we’ll now show you the specific steps https://www.bitcoin-mining.biz/ with MEXC. Just note that the steps can vary slightly if you opt for another platform. BONK is a dog-themed memecoin, similar to Dogecoin or Shiba Inu.
- The specific process will vary depending on the exchange.
- We’ll now discuss whether or not Bonk Coin represents a solid investment.
- A good starting point is to read the Bonk Coin whitepaper.
- With our Cross-Chain Swapper you can swap to BONK across Solana, Ethereum, and Polygon right from your Phantom wallet.
- Since BONK has only recently become popular, it is not on many exchanges right now.
In this instance, you’ll need to use an exchange that supports fiat withdrawals. Coinbase is one of the best options, as you can deposit Bonk, sell to fiat money, and withdraw the cash to a bank account. If you’ve set a price target, it could be worth setting up alerts. Most exchanges – including MEXC, allow you to set up alerts.
Is bonk available on Coinbase?
You should also consider diversifying your investment budget into other cryptocurrencies. For example, some of the best meme coins include Smog, Dogecoin, Shiba Inu, and Floki. You should also consider cryptocurrencies outside of the meme coin space, such as DeFi coins and utility tokens.
How to Buy Bonk (BONK)
If so, an investment today could promise some serious returns. A Bonk price of just $0.01 would provide you with an upside almost 260x. However, the market for memecoins is highly speculative https://www.cryptonews.wiki/ and volatile, with prices often driven by “clout” rather than an underlying technology or utility. Despite its origins, Dogecoin quickly gained traction and developed a passionate community.
Therefore, we’d suggest requesting a withdrawal to a private wallet. This can be any wallet that supports the Solana blockchain. If you want the ideal balance between convenience and safety, consider a mobile hot wallet.
MEXC is a safe and secure exchange with verifiable proof of reserves. It’s also one of the few exchanges not to charge trading commissions. After you’ve chosen and set up a wallet, you can copy the unique wallet address. Within a few minutes, you should find the Bonk Coins in your newly created wallet. Once KYC is completed, complete the payment by typing in your debit/credit card numbers.
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 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.