How to buy and sell BONK coins

To buy BONK coins, you can create an account on a centralized exchange that supports BONK trading, such as Binance or Kucoin, and find the BONK trading pair to place a buy order.

Nov 10, 2024 at 10:06 am

How to Buy and Sell BONK Coins

BONK is a Solana-based meme coin created by the creators of the Solana-based decentralized exchange, Serum. The token was launched on December 25, 2022, and quickly gained popularity, reaching a market capitalization of over $200 million within the first 24 hours.

The token is designed to be a fun and engaging way to participate in the Solana ecosystem, has no inherent value and is not intended to be used as a serious investment. However, it has attracted a large following among Solana enthusiasts, who have been drawn to its low price and playful nature.

How to buy BONK coins

There are a few different ways to buy BONK coins, including buying through a Centralized Exchange (CEX), Decentralized Exchange (DEX), or Peer-to-peer (P2P) marketplace. For the purpose of this article, we will focus on the easiest way - buying the coin through a CEX.

1. Create an account on a CEX that supports BONK trading. There are many CEXs that support BONK trading, including Binance, Kucoin, and Huobi. Once you have created an account, you will need to deposit funds into your account in order to buy BONK.
2. Find the BONK trading pair. Once you have deposited funds into your account, you will need to find the BONK trading pair. The BONK trading pair is the pair of currencies that you will be trading, such as BONK/USDT.
3. Place a buy order. Once you have found the BONK trading pair, you will need to place a buy order. A buy order is an order to buy a certain amount of BONK at a certain price.
4. Wait for your order to be filled. Once you have placed a buy order, you will need to wait for your order to be filled. This can take anywhere from a few seconds to a few hours, depending on the market conditions.
5. Store your BONK coins. Once your order has been filled, your BONK coins will be stored in your CEX account. You can then withdraw your BONK coins to a hardware wallet or a software wallet for safekeeping.

How to sell BONK coins

Selling BONK coins is just as easy as buying them. Follow these steps to sell your BONK coins:

1. Create an account on a CEX that supports BONK trading. If you don't already have a CEX account, you will need to create one in order to sell BONK coins. There are many CEXs that support BONK trading, including Binance, Kucoin, and Huobi.
2. Find the BONK trading pair. Once you have created an account, you will need to find the BONK trading pair. The BONK trading pair is the pair of currencies that you will be trading, such as BONK/USDT.
3. Post a sell order. Once you have found the BONK trading pair, you will need to post a sell order. A sell order is an order to sell a certain amount of BONK at a certain price.
4. Wait for your order to be filled. Once you have posted a sell order, you will need to wait for your order to be filled. This can take anywhere from a few seconds to a few hours, depending on the market conditions.
5. Withdraw your funds. Once your order has been filled, you will be able to withdraw your funds from your CEX account. You can withdraw your funds in the form of the currency that you sold your BONK for, such as USDT or BTC.