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How And Where to Buy BONK in 2024 A Complete Guide

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.

  1. 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.
  2. These associations could contribute to increased exposure, expanding engagement, growing the community size, and ultimately augmenting its value.
  3. 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.
  4. But, if it continues its current trajectory, you could make significant gains.
  5. Still, some centralized or decentralized exchanges might offer the option to buy the token using these cards, making it worth exploring while considering adding the token to your portfolio.

This is because Bonk is now integrated with other projects in the Solana ecosystem. For example, Bonk Coins can be used for staking on SolFarm, and as a payment method when buying NFTs on Orca. It’s also a rewards currency with several play-to-earn games. As a relatively new cryptocurrency in the meme sphere, BONK is experiencing high engagement levels in its current phase. Sustaining this engagement over time, according to Jacob Bury, could facilitate further scalability and a substantial price increase. While sharing similarities with other meme tokens, BONK distinguishes itself through its unique attributes.

How much is Bonk worth?

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.

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 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.

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 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.

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 five youtube cryptocurrency channels you should subscribe to 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.

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.

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.

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 an easier way to buy crypto 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.

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 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.

BONK Historical Price

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

How to Buy Bonk Coin – Quickfire Tutorial

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.

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.

The meme coin is currently available as a presale and has raised more than $3.5 million already. Those who are interested in Dogecoin20 can visit the official website before the current presale stage ends. Meanwhile, an enticing alternative for investors lies in the Dogecoin20 project presale, which many believe could replicate the growth pattern witnessed by the original Dogecoin. And providing users with a greener, more sustainable version of Dogecoin.

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.

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.