What we need to do next is just purchase another cryptocurrency and then transfer it to an exchange that currently supports trading BONK. When funding using a bank account you’ll have more purchasing (buying) power than a credit card. You can buy on several cryptocurrency exchanges, including , , and . It’s important to do research and compare fees, security features, and supported currencies before choosing an exchange, as there are considerable differences between each one.
In addition, you have to be mindful of your investment approach, crypto storage, and other aspects of buying and trading . Now that all the boring verification part is done, you have to add a payment method. You can choose between a Bank Transfer or Credit/Debit card. Credit Card has higher fees, but you can make an instant purchase. Bank Transfer is cheaper, but you have to wait a couple of days for the money to arrive at Coinbase. Also if you are interested in investing in other cryptocurrencies you more than likely can do that at the exchange you used to invest in BONK Token (BONK).
If you are interested in crypto mining at home, I wrote up my story on How I started mining Bitcoin at home in 2021 which details out various easy to set up at home crypto mining rigs. Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying BONK Token (BONK). When you purchase using a Credit Card, you will be able to purchase immediately and have access to trade your coins right away. Only downside is that your weekly purchase limit on a Credit Card will be around $750 when you first open your account. Although Coinbase has both iOS (iPhone) and Android apps, I have found the easiest way to setup your exchange account with them is to use their website.
MEXC: Perfect place for trading BONK (BONK)
The roadmap is incredibly promising and if the dev team can keep up with the with it, it’s only a matter of time for the market to catch up. It’s a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision. To buy Bonk, you’ll need to have some Solana in your Metamask balance so you can trade it for Bonk.
Limit price says you want to purchase a certain amount of BONK Token (BONK) at a specific price. With this information, you’ll be armed with the knowledge and confidence required to start investing in . In the past seven days, the price of Bonk has increased by around 350%.
Once you receive the email just click on the link and you should now have access to your Coinbase account. You also need to be at least years of age to sign up for an account. Once you are at their website you’ll need to enter your email address in the get started box.
Step One: Setup your Coinbase account
If not, just follow the same steps as before except skipping the whole setting up a Coinbase account since you already took care of that. If BONK Token (BONK) doesn’t have an investment option using the currency you purchased as Coinbase, don’t worry. All you need to do is trade into the specific currency. As I mentioned at the beginning of this guide, Coinbase makes it very easy to start investing in cryptocurrency.
- Here is a list of some best cryptocurrency investment tracking websites and apps that you can use.
- To buy Bonk, you’ll need to have some Solana in your Metamask balance so you can trade it for Bonk.
- Your MEXC account is the easiest gateway into buying crypto.
Tap on the button labeled “Market” near the price chart. In this view, you will find a comprehensive list of places where you can buy Bonk crypto, as well as the currencies that can be used to buy it. Under “Pairs,” you will find the abbreviation for Bonk, as well as another currency. For instance, if you’d like to purchase BONK with the U.S. Just before Christmas, a BONK coin giveaway was launched to reward everyone who supports the Solana blockchain.
Store or use your BONK (BONK) on MEXC.
Depending on the day this could take 5 minutes or even up to a few hours. At the exchange where you are wanting to purchase BONK Token (BONK) you will need to get your account’s BTC or ETH wallet ID. On most exchanges you’ll see a DEPOSIT button next to either BTC or ETH. When you click on it you should see (or be given a button to click to create) your wallet ID.
- Type the amount in Solana or fiat you pretend on buying.
- They make it super easy to set up the account and start buying.
- Also be sure to check with your credit card company as some companies actually charge a fee or highest interest for purchasing cryptocurrency using a credit card.
- For smoother transactions, you can consider buying a stablecoin like USDT first, and then use that coin to buy BONK (BONK) on the spot market.
But every meme coin has a chance to become as popular as DogeCoin. You can undoubtedly support it to the fullest extent if you believe that it has promise on the Solana blockchain. The Solana NFT collections will get 20% of the 50% airdrops. Meanwhile, 10% will go to Solana artists and collectors. Additionally, early Openbook traders will get a 15% BONK airdrop.
All you need to do is head over to your BUYS pages and select the currency you wish to purchase. To learn about setting up your bank account with Coinbase, click here. Coinbase does a great job of walking you through this setup as many banks have instant account verification. You’ve purchased BONK Token (BONK) using USD with the help of another crypto exchange.
I’m assuming you are an individual so I will skip the whole business account setup. MAKE SURE to use your real name as Coinbase will use this for account verification. Fill out how much US Dollar you’d like to invest in and click the “Buy” button and …
After you register on MEXC and successfully purchase first USDT or BONK tokens, you can start trading derivatives such as BONK futures to gain higher income. MEXC provides multiple payment services, including Simplex, Banxa, Mercuryo etc. Make you getting the best spot trade to purchase BONK.
This is 100% so you can setup your Two-factor authentication (2FA) to make your account even more secure. We have never seen a spam message came from this, rather it is only used to login to your account and alert you to any major account changes. Enjoy our special welcome offer and get up to $600 in trading free credit on Binance crypto exchange.
That is why I instructed you to buy Solana first, instead of Bitcoin, for example. Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive. Proceed, and now you’ll have to verify your email address by clicking the link on the email they sent you.
You’ve purchased your first cryptocurrency using USD on Coinbase. As with the whole account process, Coinbase made the purchase of a cryptocurrency very simple and straight-forward. If you already have a Coinbase account with your funding method setup, click here to skip to step three. The next part sometimes changes (we are guessing Coinbase does a lot of user testing) but normally you are then asked for your mobile phone number.