How To Buy PopCat (POPCAT) in 6 Simple Steps

2024 has seen an explosion of popular meme coins, with Solana helping to lead the charge. PopCat is a meme coin that has seen a significant growth in both popularity and value over the last six months, so it’s definitely worth learning more about the token and considering it as part of your portfolio.

Below, I’ll teach you how to buy PopCat and give my opinion on whether or not $POPCAT is worth buying.

How To Buy PopCat in 2024: Quick Guide

Here is a quick look at how to buy PopCat on a centralized exchange. We will go into more detail about the process further down in the guide.

1. Find a centralized exchange: As a new crypto, PopCat is listed on limited exchanges. Choose a provider with a strong reputation, clear fee structure and robust security.
2. Create an account: Use your email address and mobile number to sign up for your chosen exchange. You might need to verify your ID.
3. Fund your account with fiat currency: Most exchanges accept bank transfers and debit cards.
4. Find the “PopCat ($POPCAT)” market page: Search for the POPCAT ticker and select your preferred currency option.
5. Place an order: Fill out the order form and determine what type of order you would like to execute.
6. Transfer your $POPCAT to a self-custodial wallet: Enter your wallet address to send your POPCAT tokens to a third-party wallet.

What is PopCat?

PopCat ($POPCAT) is a popular Solana-based meme coin that was inspired by a meme from October 2020, involving Oatmeal, a domestic short-haired cat, whose mouth has been edited to have a wide “O” shape.

The PopCat cryptocurrency is 100% community owned and is immutable, meaning that records about $POPCAT transactions cannot be altered.

It is a meme coin with no intrinsic value and was designed for entertainment purposes only. The core element of the project is to provide a fun space for crypto enthusiasts to share memes and troll more serious cryptocurrency projects on social media.

$POPCAT has a total supply of 979.97 million tokens, all of which are currently in circulation.

Is PopCat a Good Investment?

PopCat has the potential to be a good investment, although there is no guarantee that its price will increase. According to the PopCat website, the $POPCAT cryptocurrency is a meme coin with no real value or expectation of financial return. Therefore, its success relies solely on social media trends and popularity.

Meme coins have the potential to gain or lose significant value in a very short space of time – they’re one of the most volatile token types within an already volatile market. This means that PopCat is a risky investment, but it could also outperform mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

For example, between June 2024 and October 2024, the value of $POPCAT rose by more than 1,600%. This demonstrates the cryptocurrency’s huge growth potential.

Best Exchanges to Buy PopCat in 2024

How to Buy PopCat in 2024

If you’re wondering how to buy PopCat, you’ll need to follow some of these key steps. Not every exchange works in exactly the same manner, but the process will be similar across most of the biggest crypto exchanges.

Step 1: Choose an exchange

Before you can do anything, you’ll need to choose an exchange to use. I’d recommend using a centralized exchange, especially if you’re new to buying cryptocurrencies.

Centralized exchanges have additional buyer protections in place, and the process is usually more straightforward than it would be if you were to use a decentralized exchange (DEX).

How to choose a crypto exchange

When you’re looking for a crypto exchange, there are some key things that you should consider:

• Does the exchange sell $POPCAT? – Make sure that your chosen exchange sells $POPCAT and any other cryptocurrencies that you’re interested in buying.
• What fees does the exchange charge? – How much will it cost you to buy $POPCAT on this exchange? Are there fees attached to making a deposit or withdrawal?
• Is the exchange centralized or decentralized? – Centralized exchanges act as custodians, while decentralized exchanges allow you to keep control of your private keys. However, centralized exchanges are typically more beginner-friendly than their decentralized counterparts.
• Is the exchange available in your country? – Make sure that your preferred exchange is available and legal in your jurisdiction before you try and make an account.

Step 2: Sign up and fund your account

The next step is to create an account at your chosen cryptocurrency exchange. Decentralized exchanges won’t require you to make an account, whereas centralized exchanges will likely require you to register for an account and follow Know Your Customer (KYC) checks to verify your identity.

It will depend on the platform, but some will also expect you to demonstrate your trading knowledge before you can start buying and selling crypto. This is done to make sure you understand the risks of trading and investing, especially when it comes to the crypto market which is known for being incredibly volatile.

Once you’ve created an account, you’ll need to fund it. To do this, you should be able to simply add your chosen fiat currency to your account, which will usually have a USD wallet. Pick a payment method that suits you – you’ll normally have access to VISA, MasterCard, Apple Pay and Google Pay – and make a deposit.

Remember to watch out for any fees when adding funds to your account!

Step 3: Search for POPCAT

To buy PopCat, you’ll need to find it on your chosen exchange. Use the site’s search function to look for PopCat. This will take you to the $POPCAT market page – it’s here that you’ll be able to buy PopCat tokens.

Some exchanges will offer multiple trading pairs for PopCat such as POPCAT/USD or POPCAT/BTC. The currency pair that you select will depend on how you want to buy PopCat. If you want to buy PopCat with fiat, select the USD pair.

Step 4: Fill out the order form

Fill out the order form on the $POPCAT page. An order form is used to create a purchase or sale order for PopCat – it works as an interface between a buyer and the exchange.

The order form will allow you to decide how many PopCat tokens you want to buy or how much of your fiat currency you’d like to spend. A “market order” will allow you to purchase $POPCAT at its current market price, while a “limit order” enables you to purchase a certain amount of $POPCAT when (if) it reaches a particular price in the future.

Step 5: Place an order

Follow all of the necessary steps to confirm your order. Make sure you double-check that all your details are correct before you complete the transaction!

The exchange should confirm the exchange rate and the fees that you’ll be charged for the transaction. This way, you’ll know exactly how many $POPCAT tokens you’ll receive once the order has been completed.

Step 6: Send your POPCAT to a wallet

Once you’ve purchased PopCat, it will be stored in an exchange-based wallet. For safe-keeping, you should send your $POPCAT to a self-custodial cryptocurrency wallet. This way, you have complete ownership over your tokens and will be able to use them however you see fit.

To send your PopCat tokens to a private wallet for storage, make sure you have a PopCat-compatible wallet. Because PopCat is built on Solana, you should be able to use an online wallet such as Phantom or SolFlare. 

Copy down your wallet’s address and use this to transfer your $POPCAT tokens from the exchange to your wallet. Remember to keep an eye on any potential fees that you might be charged, and don’t panic if the transaction takes a few minutes to go through.

How to Sell PopCat Crypto

Once you know how to buy PopCat crypto tokens, it’s helpful to know how to sell them. If you’re looking to use a centralized exchange, the process will be very similar to the buying process, just in reverse!

You’ll need to send your $POPCAT to the centralized exchange. You should have access to a wallet on your chosen exchange – copy down the wallet address and use this to transfer your $POPCAT from your personal wallet.

Once sent, find your PopCat holdings on the exchange. From here, you’ll be able to click “Sell” (or an equivalent). Follow the required steps, which will involve you choosing how many PopCat tokens you would like to sell and potentially which fiat currency you’d like to receive in exchange.

Again, keep an eye on any fees and the exchange rate. Once you’ve confirmed the transaction, your fiat currency should be available on the platform. This can be withdrawn to your bank account or used to purchase a different cryptocurrency, depending on your preferences.

How to Earn PopCat Coin

It isn’t possible to earn PopCat tokens through any means except purchasing it from a centralized or decentralized exchange. It’s not possible to stake $POPCAT and the project doesn’t typically host giveaways to allow you to earn PopCat tokens.

If you are interested in earning passive rewards through crypto staking, we recommend looking into tokens such as Ethereum, Solana and Avalanche.

Will PopCat Go Up?

It’s impossible to know whether the value of PopCat will go up. Because it’s a meme coin, $POPCAT is especially volatile – it has no real value or utility, which means that it’s unlikely to see mainstream adoption in the same way that Ethereum (ETH) might, for example.

However, the crypto market tends to move in cycles, and meme coins often experience periods during which their value moves upwards in unison. In 2024, Solana-based meme coins have specifically performed well, so there is every possibility that the price of $POPCAT will go up.

It is also worth noting that the cryptocurrency market is currently experiencing a notable bull run. Bitcoin recently surpassed $84K and many altcoins are following the same path. As one of the most popular meme coins, PopCat certainly has the potential to join the current bull run.

Top Tips to Stay Safe When Investing in Meme Coins

As mentioned above, meme coins are incredibly volatile, so there are some things you should be aware of if you’re wondering how to buy PopCat safely.

Firstly, you should never invest more than you can afford to lose, especially when it comes to crypto tokens with limited or no utility. Meme coins, including $POPCAT, have the ability to gain and lose significant value within a short period of time, so you should only invest in PopCat if you’re comfortable with the thought of losing all of the money you invest.

Also, don’t commit too much of your portfolio to meme coins. Consider investing in a combination of large, medium and small-cap cryptocurrencies across different sectors. This way, if your meme coin holdings fall in value, you may be able to hedge your losses with some of the less volatile cryptocurrencies within your portfolio.

Finally, make sure you do your own research before buying meme coins. Historically, a large percentage of meme coins have experienced market manipulation and holders have fallen victim to “pump-and-dump” schemes. Take a look at the project’s social media accounts and website, speak to existing holders, and never just send money to a random wallet address on a meme coin’s website!

Final Thoughts

PopCat is a fun meme coin that plays on the popular PopCat meme. It is built on Solana – a fast, private and reputable blockchain network – which has previously demonstrated success within the meme coin market. 

If you do decide to invest in $POPCAT, make sure you’re comfortable with the thought of losing your investment. Do your own research and never invest more into anything than you can realistically afford to lose.

The next step that you should take after reading this guide is to research exchanges that support POPCAT. Find a reputable exchange that is available in your jurisdiction and aligns with your needs.

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