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How And Where to Buy BONK in 2024 A Complete Guide

A well timed investment now could see you take advantage in this ongoing crypto bull market. Read on to learn how to invest in Bonk in under five minutes. We also provide some background information on Bonk, including its upside potential and risk considerations.

Binance employs a tiered fee system, ranging from regular users to VIP 9, wherein fees decrease based on the deposited amount and trading volume on the exchange. Regular users encounter a 0.10% maker-taker fee, while BTC and ETH investors trading in the spot market currently enjoy fee-free transactions. The cryptocurrency market’s recent signs of growth has refocused investors’ attention on projects like BONK. Despite being a relatively newer memecoin, this crypto, built on Solana, has experienced significant growth in recent weeks. However, the reality is that most meme coins lose investors money.

  1. Recognized as the “people’s exchange,” KuCoin prioritizes user-friendly design, a simplified registration process, and robust security measures.
  2. Do you believe that Bonk could replace Shiba Inu as the world’s second most popular meme coin?
  3. MEXC is a safe and secure exchange with verifiable proof of reserves.
  4. Additionally, quantitative trading, leveraged ETFs, and index ETFs have been introduced in the past few months.

This attribute alone makes scarcity a key factor behind Dogecoin20’s growth. Another key perk of this project is that a portion of the treasury has been dedicated to charitable causes, which means the more Dogecoin20 grows, the more people will be helped. Designed on the Ethereum blockchain, Dogecoin20 pairs the original imagery, the original total supply, and the original ethos of Dogecoin with a new mechanic to give it long-term perks. Known as staking, this utility is modeled after the emission schedule of Dogecoin. As the token operates on Solana, any multi-chain wallet that supports Solana will effectively handle deposits, withdrawals, or swaps involving the BONK token.

Step 7: Store Bonk in a Private Wallet

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.

Bonk is defined as a meme coin, as it has questionable use cases. That is, Bonk’s value is largely built around hype and speculation. This has helped Bonk grow by many thousands of percent since launching. This Solana-based meme coin is up thousands of percentage points since launching on New Year’s Eve 2022. BONK, as described on its website, prioritizes community engagement, evident through its extensive integrations with Web3 partners, ranging from wallets to NFTs and gaming platforms. Bonk is the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community.

Established in 2017, KuCoin stands as a prominent cryptocurrency exchange dedicated to facilitating the seamless global exchange of digital assets. Recognized as the “people’s exchange,” KuCoin prioritizes user-friendly design, a simplified how to buy flow coin registration process, and robust security measures. The trading volume of Bonk (BONK) is $195,578,449.58 in the last 24 hours, representing a -20.10% decrease from one day ago and signalling a recent fall in market activity.

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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.

We’ll now guide you through the process, allowing you to buy Bonk Coin with ease. Assuming you’ve already opened an account with MEXC, you can now click on ‘Debit/Credit Card’. Next to the currency, you need to select the crypto asset to buy.

Therefore, before you can buy Bonk Coin with a debit/credit card, you’ll need to complete a quick KYC process. Its inception in 2017 led to becoming the world’s largest exchange within a mere 180 days, and it presently caters to numerous countries. The first step to purchasing BONK is to open an account on a crypto trading platform. Since BONK has only recently become popular, it is not on many exchanges right now. To get started on Coinbase, create an account using an email and verify it using a driver’s license or other form of identification.

However, at present, the token is exclusively available for purchase in the USDT pair, necessitating users to hold USDT to buy BONK from the MEXC exchange. This idea has worked before, most notably with Dogecoin (DOGE). The token also serves primarily as a form of payment and was adopted by Elon Musk’s Tesla.

When was BONK launched?

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. Those eligible for the Bonk airdrop had previously engaged with the Solana network.

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. Using debit or credit cards how to buy verasity coin is a traditional method for acquiring cryptocurrencies. Nevertheless, purchasing BONK with credit or debit cards might be challenging since the memecoin isn’t as widely recognized as top cryptos like Bitcoin or Ethereum.

During Christmas in 2022, the BONK initiative, as a project constructed on the Solana ecosystem, distributed tokens through airdrops to many of its users. It was conceived as a potential frontrunner in the Web3 space’s community coin arena. Subsequently, BONK witnessed an explosive surge in adoption, establishing itself as a fundamental element within the vibrant, community-driven Web3 ecosystem. Binance stands as arguably one of the most popular and widely utilized cryptocurrency exchanges globally, boasting a user base of over 90 million customers worldwide. Over the past couple of years, it has ascended to a significant level and is currently among the most renowned crypto entities. Caden has been involved with cryptocurrency for several years, began trading and investing in crypto in 2018 and is highly experienced with DeFi technology.

Operating as a completely remote company without physical offices, Coinbase serves over 100 countries and hosts more than 250 major crypto assets. Established in 2012 by ex-Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam, Coinbase stands as one of the earliest and most renowned cryptocurrency exchanges. It garnered attention within the finance industry by becoming the first-ever the top 10 white label crypto exchange providers in 2023 crypto company to be publicly listed on the stock market. This extensive ecosystem facilitates Binance’s swift identification and listing of cryptocurrencies like BONK on its exchange. Users can access learning resources and engage in spot, margin, and futures trading on this platform. Additionally, quantitative trading, leveraged ETFs, and index ETFs have been introduced in the past few months.

Put otherwise, the investment size should not exceed what you’re prepared to lose. If you are a beginner, we recommend that you check out our guide on how to buy cryptocurrency safely. This guide aims to explore how to buy BONK, where to acquire it, and its potential price for those keen on investing. Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Instead, Bonk opted for an airdrop, meaning coins were distributed for free. Anti-money laundering laws can no longer be ignored by crypto exchanges. This is especially the case after the Department of Justice recently fined Binance over $4 billion for money laundering failures.

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