At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever-evolving landscape. In summary, we’ve explained the easiest way to buy Bonk Coin in 2024. Simply open an account with MEXC, choose a payment method (e.g. Visa), and place an order. 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.
While these methods might vary in availability across different platforms, here are some common ways investors can expect to acquire BONK tokens. To commemorate its Airdrop anniversary, the project initiated several competitions and promotional events, further fostering engagement and growth for the token. Overall, BONK has displayed healthy and promising growth, potentially indicating further expansion.
However, some of you will want to sell Bonk for fiat money, such as EUR or USD. 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. Looking to sell tegan kline forbes 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. Most investors will look to buy Bonk Coin with fiat money, such as a debit/credit card or bank account.
The most prevalent method involves purchasing BONK tokens through exchanges via available trading pairs. These pairs could include USDT or other cryptocurrencies supported by the exchange. However, it’s essential to possess the required trading pair, which can be obtained directly on the exchange or deposited from another wallet. However, given the volatile nature of meme coins, it’s crucial for investors to exercise caution before allocating significant amounts of money to projects like BONK.
- Sustaining this engagement over time, according to Jacob Bury, could facilitate further scalability and a substantial price increase.
- However, investors should exercise caution as the token has already experienced substantial price increases.
- BONK is built on the Solana chain, which is a cheaper and faster alternative of the famed Ethereum chain.
- While Ethereum is still the second-largest token by market cap, some are starting to look at other blockchains as an alternative.
- It serves as one of the pioneering Solana-powered meme tokens, diverging from the earlier trends in blockchain technologies.
However, unlike many of its counterparts, the token did not follow a typical price trajectory characterized by sharp rises followed by significant plunges that persist for several years. From there, select the “Sell” button and enter the amount to sell. 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. Funds are held in the wallet instead of by Cioinbase themselves.
In a nutshell, you would only need to invest $38.59 to get 1 million Bonk Coins. Sure, you could lose your initial investment if Bonk capitulates. But, if it continues its current what is devops automation trajectory, you could make significant gains. First, consider how much you can realistically afford to invest. This should be money that has no impact on your day-to-day expenses.
What is the daily trading volume of Bonk (BONK)?
Founded in 2018, this exchange has swiftly become a primary hub for enthusiasts interested in both popular and lesser-known meme coins. Headquartered in Seychelles, MEXC exchange holds official licenses for representation in countries like the USA, Canada, Switzerland, and Australia. With over 180 trading pairs available, the platform offers a vast array of cryptocurrencies within the DeFi, metaverse, and meme sectors. Certain cryptocurrency wallets, like Moonpay, facilitate direct token purchases, including BONK. Additionally, if available, you might have the option to purchase tokens using GPay or similar payment methods. For PayPal, you can use it as a payment method on peer-to-peer (P2P) platforms.
Is BONK a Good Investment?
While Ethereum is still the second-largest token by market cap, some are starting to look at other blockchains as an alternative. These people believe that other chains are better than Ethereum for long-run use, cex kingston upon hull reviews with features such as faster transactions and lower costs. Bonk Coin is a cryptocurrency project built on the Solana network. Unlike most new cryptocurrencies, Bonk didn’t opt for an initial coin offering (ICO).
There are numerous options available such as Exodus, Trust Wallet, Atomic Wallet, Phantom Wallet, and more that you can utilize to securely store your BONK tokens. However, investors should exercise caution as the token has already experienced substantial price increases. Waiting for a slight correction might be advisable for those seeking more favorable entry points. The platform offers an intuitive and beginner-friendly interface supporting basic transactions, along with a digital wallet. Simultaneously, the Pro version presents more advanced trading features catering to experienced users.
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.
That being said, meme coins such as Bonk and Pepe are leading the crypto market right now with billions of dollars of capital coming into the tokens every day. Ultimately, it’s best to treat Bonk as a speculative investment. Consider the investment as lost capital; any returns you make are a bonus. The most popular exchange to buy and trade Bonk is OrangeX, where the most active trading pair BONK/USDT has a trading volume of $2,583,435.17 in the last 24 hours. Bonk likely does not much value for the end user in comparison to other projects.
Best Hardware Wallet: Ledger Nano S
You do not need a Coinbase account to have a Coinbase Wallet. Its founders have remained anonymous since the inception of the project. However, they did burn their supply of the tokens to support price appreciation.
Despite a period of stagnation over the past couple of months, the recent upward trend of Solana, the blockchain supporting BONK, has contributed to the token’s value increase. 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.
How to Buy Bonk Coin – Quickfire Tutorial
Bonk increased by 5.7% following BonkDAO’s approval of the ‘Learn and Earn’ campaign by the European fintech platform, Revolut. With a verified Coinbase account, you can connect your bank account and fund it. 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. Now that you have a basic overview of BONK, you may be interested in purchasing the token. Whether you’re seeking breaking news, expert opinions, educational resources, or market insights, Cryptonews.com is your go-to destination for all things crypto since 2017.
They’re inherently risky, as pricing is rarely based on anything intrinsic. Instead, successful meme coins attract investors with aggressive marketing campaigns and promises are untold riches. Presently, BONK holds the position of the third-largest memecoin by market cap, closely trailing Shiba Inu and Dogecoin.
This involves finding a BONK sell order on such a platform and offering payment via PayPal. 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 is one of these and houses the memecoin, Bonk (BONK). BONK has recently experienced a surge in price, signalling the project’s potential growth in the coming months, particularly amid the current bullish sentiments in the market.