How To Use BONKbot To Buy Meme Coins

Meme coins are all the hype on Solana right now, with the top ten meme coins surging up 1310% in returns in Q1 2024 (Source: Coingecko). Are you looking to get in on the meme coin run, but aren’t sure how?

In this blog post I’m going to show you how to use BONKbot to buy and sell Solana meme coins.

Let’s get into it👇

What is BONKbot?

BONKbot is an ultra-fast Telegram trading bot. The main benefit of BONKbot is the ability to trade faster than web wallets, with the ease of using Telegram as the interface.

Disclaimer: Trading meme coins is highly risky, and using BONKbot is equally risky. Use at your own risk.

Step-By-Step Guide To Using BONKbot

Step 1: Download the Telegram app

The first step is to set up a Telegram account. Download the Telegram app for your respective operating system. They have desktop and mobile apps available.

Step 2: Message the BONKbot Telegram Bot

Send a message to the BONKbot Telegram bot. Once you’re sent to the BONKbot Telegram bot, launch the bot by clicking “Start”.

Keep in mind this link uses my referral code. You will receive 10% off trading fees with this link: BONKbot Telegram bot.

Step 3: Fund Your BONKbot Wallet With Solana

To make any trades using BONKbot, you need to fund your wallet with Solana. Copy your unique BONKbot wallet address and fund it with Solana.

You can withdraw these funds at any time from within BONKbot. Only use what you can afford to lose.

Step 4: Customize Your Settings

Before buying any tokens, it’s important to look over your settings and ensure they are set up to your liking. The most important settings to customize would be your Slippage and Transaction Priority. Since meme coins are extremely volatile, you will need higher slippage and transaction priority than you’re used to.

I set my slippage to 25% and transaction priority to “High”. Play around with these settings till you find what works well for you.

Step 5: How To Buy Tokens on BONKbot

To buy tokens, click the “Buy” button. Then Paste in the Token address. You can find token addresses on Dexscreener or Birdeye.

Now choose the amount you want to buy. You can either use a preset amount or click “Buy X sol”. Once you’re ready to buy, hit the button and BONKbot will attempt to fulfill your transaction.

Step 5: How To Sell Tokens On BONKbot

To sell tokens, click the “Sell & Manage” button. Then click the coin you want to sell. Once you’re ready to sell, click the amount you want to sell. BONKbot will then attempt to sell your token.

Congratulations, you’re all set! 🥳

You now have all the tools you need to use BONKbot to buy and sell meme coins. If you found this blog post useful, be sure to share it with others :)