In the rapidly surging cryptocurrency landscape, the BONK meme token is getting humongous attention from many investors all over the world, as it has given a significant price surge in the last 30 days. Due to its massive price surge, every investor is looking for How to buy Bonk.
In this article, you will get to know more about BONK, what is BONK, Why its price is surging, which exchanges offer BONK tokens, and many more. So, Read till the end.
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What Is Bonk (BONK)?
Bonk is a Solana (SOL) based meme-coin similar to the ShibaINU (SHIB) and Dogecoin (DOGE) and it is also the first dog-themed coin that is based on the Solana blockchain. The main objective of this meme-coin Bonk is to generate liquidity for the Solana-based decentralized exchanges (DEXs).
Additionally, the Solana community including Solana NFT creators, developers, artists, and others also gets benefits from this coin as they get 50% of the total Bonk supply through an airdrop. However, this token recently got huge attention from crypto enthusiasts as it surged significantly over 400% in the last 30 days.
How to Buy Bonk?
As it is continuously surging every crypto enthusiast is looking for how to buy Bonk, as it is listed on major crypto exchanges including Binance, Coinbase, and Coindcx for Indian users. So, your wait is just over, and let’s follow these simple steps to add BONK into your wallet and become a part of this significantly surging meme-coin.
How to Buy BONK on Binance?
You can easily buy the popular Solana-based meme-coin BONK on Binance. On December 15, 2023, Binance added BONK to help its users benefit from this rapidly surging BONK token. Here are a few simple steps by following you can easily buy BONK on Binance.
Step 1: Create an account at Binance
The world’s largest cryptocurrency exchange Binance is very user-friendly. To create an account on it to create an account you need to verify your identity through a valid ID.
Step 2: Click on the Buy button
Once you click on the buy button you will find various payment methods available including Credit Card and Debit cards, Bank deposits, and even a third payment method (P2P). Choose the payment method at your convenience.
Step 3: Check the payment details
Once you click on the buy button, you will have one minute to make a payment to buy a BONK token. Otherwise, you will see price changes. As the price will be recalculated.
Step 4: Store your BONK in Binance
Once you purchase the BONK token by using Binance, you can move this token to your wallet or keep it on the exchange.
How to Buy BONK on Coinbase?
You can easily buy the popular Solana-based meme-coin BONK on Coinbase. Coinbase recently added BONK to help its users benefit from this rapidly surging BONK token. Here are the few simple steps by following you can easily buy BONK on Coinbase.
Step 1: Create an account
Create an account on one of the most popular US-based cryptocurrency exchanges Coinbase. But, before creating an account you must have a valid ID for your address to transact, then verify your ID, and it will take a few minutes before your account is ready.
Step 2: Add a Payment Method
To buy any asset through your newly created account you have to add a payment method. Tap on the payment method and now you can add your bank details or debit cards to make any payment.
Step 3: Select the BONK token to buy
Once you add the payment method, you have to click on the buy panel to search BONK token. Once you find the BONK token click on it to open up for purchase screen.
Step 4: Enter the amount to buy the BONK token
Insert the amount (LOCAL CURRENCY) you want to spend to purchase BONK, the Coinbase automatically covert your inserted amount into the BONK token. Now confirm the payment.
Step 5: Confirm the payment for the BONK purchase
Tap on the preview button to recheck the amount you entered and make sure you have entered the right amount. Then, click on the “BUY NOW” button and confirm your purchase.
This is it, done. These are the simple steps you need to follow, to buy a BONK token on Coinbase.
How to Buy BONK (BONK) on Other Exchange?
The answer for how to buy Bonk (BONK) is you can easily buy BONK on Solana-based DEX Bonfida, but here you have to follow some simple steps if you do not have an account on Binance, Coinbase, and even Coindcx if you are an Indian user, so let’s get started:
Step 1: Create an account on Phantom Wallet and set up your wallet
Initially, we need to understand Phantom Wallet, in simple terms, Phantom is a digital wallet that is used to send, receive, store, and swap tokens on the Solana blockchain, even if it makes your asset safe and protects your virtual assets. But, before creating an account on Photom Wallet read the terms and conditions, and note everything like the password as well as the Backup phrase correctly.
Step 2: After completing of Phantom wallet setup, Buy Solana on Simpleswap
Simpleswap is a Solana-based crypto exchange that not only allows you to buy cryptocurrencies but also offers amazing swapping features to easily swap your crypto including BTC, and many other altcoins. In simple terms, Simpleswap offers more than 1000 cryptocurrencies on its platform.
On Simpleswap you can’t directly buy Solana, initially, you need to set up your account, complete your KYC via third-party custody, and then you can easily buy SOL.
Step 3: After Completing your account setup on Simpleswap follow the below steps
Just like other crypto exchanges, here on Simpleswap click on the Buy/Sell, and then enter the amount you to buy Solana, and then simply click on the Exchange tab.
Step: 4 Now open your Phantom Wallet and copy Solana’s address
Now you have to copy the Solana address from your Phantom wallet, and then paste it on your Simpleswap exchange where you can see “Enter the wallet address” Just paste it into the wallet address area.
Step 5: Make payment
Once you paste your wallet address into Simpleswap’s “Enter the wallet address” area you’ll see the “Create an Exchange” tab, now you have to click on that.
A payment interphase will pop up, where you can either use the card or through the Google Pay payment method, and complete the payment.
Step 6: Swap SOL to BONK token
Although the easiest when to add BONK to your wallet is to swap your SOL token into Phantom wallet.
Here before, swapping your SOL token on your Phantom wallet what you have to do is some setups, like open your Phantom wallet, then click on “Manage Token List” and click on the “+” icon which is there on the right-hand side.
Here, you need to submit a few details:
- Mint Address
- Token Name (BONK)
- Token Short Name, i.e, (BONK)
Then click on “add”, and you are done. This operation will cost you a few amounts of SOL.
After completion of this process, check the price and confirm the token address of BONK on Coinmarketcap/Coingecko.
Now, you are done and ready to swap your SOL into BONK, Click on the arrow icon which is there in the middle of the open phantom application.
After you see all the details just submit the amount of BONK you want for SOL. Now wait for a few minutes, and you will find BONK in your Phantom wallet. This is the simple answer to your continuously searching Question, How to buy Bonk?
Why BONK price is surging?
The BONK price significantly surged because of a few reasons, which you need to know before getting into BONK. The recent price surge directly correlated with the bullishness of Solana (SOL) the sixth-largest cryptocurrency, SOL also outperformed major top altcoins and in the last 30 days it has given a massive over 40% upside movement. This bullish trend of SOL also helped the BONK token to surge over 400% in the last 30 days.
However, upcoming events like hard forks and Protocol updates also impacted the BONK token price and made BONK the third largest meme-coin.
Bonk listing exchange
There are some exchanges where you will get a BONK token easily, these exchanges are:
- Binance
- Coinbase
- CoinEx
- Coindcx
- KuCoin
- Bybit
- Gate.io
- MEXC
These exchanges are good top exchanges where they recently added BONK tokens amid huge demand.
Conclusion
There are a few options to follow to add a BONK meme token to your wallet including some exchanges like Binance, Coinbase, Coindcx, CoinEx, KuCoin, Bybit, MEXC, and Gate.io. The massive interest in the BONK token occurred as it has given a significant over 10,000% surge in one year, and now it become the third largest meme-coin. It also outperformed the Pepe token. However, in the last 30 days, it has given over 400% upside movement.
Frequently Asked Questions
Which exchange has bonk tokens to buy in India?
If you are an Indian crypto investor and want to add a BONK token to your wallet, then Coindcx is now offering a BONK token for Indian Users. The reason everyone is looking to buy BONK is the recent price surge as a result everyone searching for How to Buy Bonk.
Bonk Inu (BONK) tokenomics
Market Cap: $672 million
Circulating Supply: 60 trillion
Max. Supply: 100 trillion
1 BONK – $0.000029
Blockchain – Solana
What is the Current Bonk Price?
The current BONK price is $0.000029, but it may change so to get up-to-date prices Click Here.
Bonk Price prediction
To be honest with you, for price prediction, you need to understand the business or project of BONK, and also the development of that particular project. As it is newly listed on cryptocurrency exchanges without sufficient data we can’t make a price prediction. Those who are creating content on price prediction of BONK will not have sufficient data, they might make these predictions informally.
