How To Buy Bonk Coin (BONK) in 2024

Bonk is one of the most popular Solana meme coins to buy, after reaching a new all-time high in November 2024. Today, many investors are interested in adding Bonk to their portfolio before the next meme coin season takes full swing. To help you buy BONK safely, this guide provides a step-by-step overview of how to invest in Bonk coin and the best exchanges to buy BONK from.

How to Buy Bonk Coin in 2024 (Quick Guide)

Bonk is listed on several centralized and decentralized exchanges like other major meme coins. Here’s a quick guide on how to buy Bonk crypto: 

1. Pick an exchange: Pick a dependable cryptocurrency exchange, weighing factors like safety, fees, payment methods, and ease of use.
2. Sign up and fund account: Register and complete KYC requirements on the platform of your choice. Fund your account on the platform through a bank transfer, credit card, or some other acceptable payment method.
3. Look for Bonk: Find Bonk on the platform via the search bar.
4. Place an order: Pick your preferred amount and place an order.
5. Transfer to wallet: Move your Bonk tokens to a personal wallet by copying its address and then transfer from the exchange wallet.

What is Bonk Crypto?

Bonk (BONK) is a popular Solana meme coin that currently ranks amongst the top 50 coins by market cap. Bonk is a digital asset that may be purchased, sold, and traded on centralized and decentralized exchanges. It differentiates itself with its distinctive tokenomics, which are tied in some way to its burning mechanism.

Bonk was initially airdropped to selected Solana wallets on December 25, 2022, quickly gaining traction across the network. Now the most widely held dog-themed token on Solana, Bonk has captured the interest of Web3 investors, evolving into a true community-driven meme coin. Since early 2023, its adoption has grown at an impressive rate, establishing it as a unique digital asset embraced by Solana’s rapidly expanding ecosystem.

Where is Bonk Listed?

Unlike other meme coins, Bonk has gained support from several tier-1 exchanges and was recently listed on Coinbase. You can also find the meme coin on Kraken, KuCoin, Binance, ByBit and Crypto.com – to name just a few of the exchanges where it is listed.

If you wish to remain anonymous, you can also buy Bonk from decentralized exchanges such as MEXC. This is a good option for people who want to buy Bonk quickly or use crypto to buy Bonk.

Best Exchanges to Buy Bonk in 2024

Here is an overview of the best exchanges to buy BONK in 2024.

How to Buy Bonk Coin

Here is a more indepth overview of how to buy Bonk coin from an exchange in 2024.

Step 1: Choose an exchange

The first step is to choose a cryptocurrency exchange that aligns with your needs and trading experience. For a safe and user-friendly experience, we recommend choosing a centralized exchange that is regsitered with a regulator.

However, more experienced crypto investors may prefer a decentralized exchange that offers anonymity and flexibility.

How to choose a crypto exchange

Consider these factors when selecting a crypto exchange:

Security

Look for exchanges with two-factor authentication (2FA), cold storage space for funds, and insurance policies. Platforms like Kraken and Coinbase are particularly stringent about security.

Fees

Look out for exchange charge fees (transaction, withdrawal, and deposit fees). Binance and KuCoin provide low trading fees; Revolut has higher fees but provides convenience because it integrates banking and crypto services.

Payment Methods

It is important that the exchange you pick offers payment methods that are convinient and low-cost. These include credit cards, bank transfers, or PayPal. Coinbase and Binance both offer several choices; other exchanges might have fewer options available.

Ease of Use

Platforms with a simple interface—like Kraken, Orca, and Coinbase—are ideal for newbies to crypto. More sophisticated platforms like KuCoin and Binance are a tad bit difficult for novices but helpful for experienced traders.

Trading Features

Consider the features you need, such as futures, margin trading, or staking options. Kraken, for example, offers a broad range of advanced trading options suitable for experienced users​.

Customer Support

Reliable customer support can make a big difference if you encounter issues. Look for exchanges with accessible support, especially if you’re new to crypto trading.

Step 2: Sign up and fund your account

First off, you have to open an account on your cryptocurrency exchange site, for instance, Coinbase. Once you have registered and satisfied all KYC requirements, the next step will be funding your account. You can deposit funds via cash transfers or through other payment methods permitted by the platform.

Step 3: Search for Bonk

When your account is funded, Search for “Bonk” on the exchange platform. Nearly all exchanges have a search bar in their trading area where you can look for cryptocurrency using ticker symbols. Bonk should show up in the results and some exchanges let you see some details of its recent performance too.

If you are using a trading platform, you may notice several options to trade BONK against different cryptocurrencies. Select your desired currency – BONK/USD is the best option for traders who are looking to trade in dollars.

Step 4: Fill out the order form

Now that you’ve found Bonk, you’ll be ready to place an order. When you click on Bonk, an order form will appear where you’ll enter the amount of Bonk you want to buy, either in units or by specifying an amount in your base currency (e.g., USD or EUR). 

The form may offer different types of orders like “Market Order” (buying immediately at the current price) or “Limit Order” (buying only when Bonk reaches a specific price).

Step 5: Place an order

After the order form is complete, review the specifics to ensure things are right. This is crucial because you would like to ensure that the total amount and order type match your intentions.

Once you’re ready, hit the “Buy” or “Place Order” button to finish the purchase. The platform will process your order and within seconds or minutes add the Bonk tokens to your exchange account.

Step 6: Send your Bonk to a wallet

Transfer your Bonk tokens to a personal wallet from the exchange for additional protection. Exchange accounts are convenient but keeping your crypto in a private wallet increases control and reduces the risk of hacking.

To do so, go to your wallet, copy its public address, then return to the exchange and start the process of sending your Bonk tokens to this particular address.

Confirm the transfer details before proceeding because blockchain transactions are irreversible so you will not be able to get your tokens back if they are sent to the wrong address.

How to Sell Bonk Crypto

Most centralized exchanges have similar procedures for selling cryptos, including Bonk. These include picking the number of tokens you want to sell and the payment method and confirming the details before receiving the cash. Here is an overview of the process:

1. Login into your cryptocurrency exchange account
2. Send your BONK tokens to your exchange wallet (if they are not already held in your account)
3. Navigate to your portfolio
4. Select Bonk and then press ‘Sell’ (or the equivalent)
5. Select the currency that you would like to seel your tokens for (you can usually choose between fiat currency or USDT).
6. Fill out the details and confirm the transaction.

Reasons to Buy Bonk in 2024

Although Bonk reached its all-time-high on the 19th of November, there is still a lot of buzz around the meme coin online. Here are a few reasons why some investors are bullish on BONK for 2025.

Massive Price Surge

Bonk has soared by 20,551% since its release on December 25, 2022, based on CoinMarketCap data. From $0.0000001487, it has reached $0.00002259—a remarkable rise that might only be the beginning. Several experts think Bonk might double in price within 3 years, making this an excellent time to purchase.

Ecosystem Strength

Bonk is incorporated in the Solana ecosystem which is expanding and growing in popularity. This connection increases Bonk’s exposure to investors and fuels its price potential.

Expanding Utility

Bonk is also being used to pay for NFTs on platforms like OpenBook and Orca and as a staking incentive on sites like SolFarm and BonkStake. As the Bonk ecosystem develops with new use cases demand, its value can grow considerably. Early holders stand to benefit the most as Bonk gains utility.

What is The Best Wallet to Buy Bonk?

Just in case you are trying to determine the very best crypto wallet to purchase Bonk, below are our top 2 recommendations :

Binance

Binance offers and integrated wallet which means that you can store it directly in your exchange account without using third-party wallets. This offers a seamless experience, where you can manage and trade Bonk easily. Another advantage is the liquidity—with such a wider user base, trades can be executed quickly with no problems with delays or bad rates.

Kraken

For a no-nonsense Bonk wallet with full control, Kraken is a good option to consider. What we liked about Kraken is it lets you manage Bonk tokens, NFTs, and Multiple wallets from one place.

Two-factor authentication and cold storage make Kraken’s security game impressive. We used Kraken and felt that our assets were protected.

Kraken is more than a storage space. In the event you want to trade, Kraken has you covered with features like futures trading. On November 7, Kraken Users traded 31,845,814,612 Bonk worth over $706,000. Kraken doesn’t compromise security for usability. The simple interface allows you to manage assets and its robust security enables you to trade or even hold without second thoughts.

Will Bonk Go Up?

Bonk has been on a bullish run since its listing on December 25, 2022, soaring by over 1,000% in the last 12 months. Currently, bullish momentum is still strong, with Bonk seeing a 5% increase in the past 24 hours and a 40% gain in the last 7 days.

Various price predictions for Bonk by the end of 2024 reflect optimism. Changelly anticipates a price range between $0.000024 and $0.000026. CoinCodex is even more bullish, projecting a price of $0.000107 by December 2024. Lastly, according to Binance, Bonk’s value could rise by 5%, reaching $0.00003 by 2030.

Final Thoughts

In 2024, Bonk is showing strong growth, making it an exciting option if you’re interested in exploring new meme coins. With growing popularity and bullish sentiment, it could be a good investment to consider.

The easiest way to buy BONK is to use a centralized exchange that accepts fiat payments. Coinbase and Binance are two options that have a strong reputation and provide a robust level of security. You can create an account by filling out the registration form and verifying your ID.

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