Trading meme coins is often seen as a lightning-fast way to earn profits, with potential gains of thousands of times. Despite debates over the true value of these meme coins, it’s undeniable that early traders often reap more profits compared to latecomers, who are more prone to losses.
Are you a meme coin hunter, but constantly late to catch onto the latest meme coin trends? If you arrive early, the risks are lower! Is there a way to buy meme coins early in the market?
Well, enter BONKbot, your friendly trading bot right on Telegram, specially designed for Solana. It’s like having a personal trading buddy in your pocket!
What is BONKbot?
BONKbot is a Telegram trading bot designed for Solana, offering a simple and speedy trading experience on the go.
As the official partner of the $BONK community, BONKbot allows you to trade seamlessly without the hassle of connecting wallets, adjusting slippage, or confirming transactions. Simply paste a token address into Telegram, and you can instantly execute a purchase transaction.
Powered by Jupiter routing, BONKbot ensures fast transactions, enabling you to buy, sell, and manage your trades with ease and control.
Why BONKbot?
With routing powered by Jupiter, BONKbot is the fastest way to buy, sell, and manage your trades — keeping you in control.
Quick Guide to Using BONKbot
Step 1: 🛠️Initializing BONKbot
Use this Telegram link to go to BONKbot.
📊 Settings
BONKbot is designed to be as easy to use as possible. This means that you can start trading as soon as you’ve funded your wallet with no complications. We do have some settings, and they will look something like this:
BONKbot Announcements: Occasional announcements. Tap to toggle.
Minimum Position Value: Minimum position value to show in portfolio. Will hide tokens below this threshhold. This is useful when you get rugged but for some reason you don’t want to sell the token. Tap to edit.
AUTO BUY
Immediately buy when pasting token address so that you don’t have to confirm. Tap to toggle.
BUTTONS CONFIG
Customize your buy and sell buttons for your dashboard when you are buying or selling a token. Tap each one of the buttons to edit.
SLIPPAGE CONFIG
Customize your slippage settings for buys and sells. Tap to edit.
Step 2: 👣 Get started on Solana
Press start or type /start and you will be greeted by the following message.
Great! You have now initialized an empty wallet. You will be buying and selling from here.
This is the wallet for you to store SOL for trading your meme coins, please note to keep it secure, remember to keep your private keys in private mode!
Step3: 🏦 Depositing Sol
At this stage, you can send a small amount of Sol to the address from any wallet you use. If you don’t have SOL, you can buy SOL from top exchanges like OKX, Bybit, and more.
You can tap on the link to copy it.
Then, use your wallet of choice — Phantom, Backpack — and transfer yourself some Sol to start trading!
Step 4: 💳 Buying Tokens
Type /start again, and your wallet should refresh with the balance you sent.
You can now buy a token using the amount you deposited, by pressing the Buy button.
Reply with the token address, or name, and you can choose how much of the token you want to buy.
Press Buy X Sol, and you can choose how much you would like to buy.
Watch as your transaction is executed instantly
Congratulations! You just bought your first token on BONKbot.
Step 5: 📊 Managing your positions
Having successfully bought a token, you can now manage your position by clicking Manage Positions
BONKbot have specially curated a selection of data that helps you be a better trader, including recent price history so you can understand trends.
You can see:
- Current Profit, both as a percentage and absolute
- Current Value, in USD and Sol
- The Market Cap of the token you bought
- Price Changes in the last 5 mins, 1 hour, 6 hours and 24 hours
- Net Profit, after subtracting Price Impact, DEX fees and a 1% BONKbot fee
- Initial Value
- Token Balance
- Profit with Slippage
- Wallet Balance
Step 6: 🤑 Selling Tokens
Selling your tokens is just as fast as buying them! On the Manage Positions menu, you will be able to view your account on Solscan and the token’s chart on Birdeye.
If you have multiple positions, you can cycle through them with the arrows, and you can choose to buy more, or sell some or all of your position.
📓 FAQ
Bonkbot’s Frequently Asked Questions
The following list contains the most common and frequent questions that users have asked before regarding Bonkbot. Please read it in its entirety before you ask a question to the moderation team.
If your question isn’t listed here then you can ask it in the Bonkbot telegram chat group.
If you enjoy our content, you can support us by signing up for a OKX Account with our referral link. Don’t forget to claim your bonuses if you buy/sell or trade crypto.
Up to 59,500 USDT for New Users
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