Step-by-Step Guide to Executing Trades
- Centralized Exchanges (CEXs):
- Binance:
- Sign Up: Go to Binance and create an account.
- Deposit Funds: Add funds via bank transfer, credit card, or crypto deposit.
- Search for Meme Coins: Use the search bar to find the meme coin (e.g., DOGE, SHIB).
- Place an Order:
- Market Order: Buy/sell immediately at the current market price.
- Limit Order: Set a specific price at which you want to buy/sell.
- Confirm Trade: Review the details and confirm the transaction.
- KuCoin:
- Sign Up: Go to KuCoin and create an account.
- Deposit Funds: Add funds via crypto deposit.
- Search for Meme Coins: Use the search bar to find the meme coin.
- Place an Order: Choose between market or limit orders.
- Confirm Trade: Review the details and confirm the transaction.
- Decentralized Exchanges (DEXs):
- Raydium (Solana):
- Connect Wallet: Go to Raydium and connect your Phantom wallet.
- Search for Meme Coins: Use the search bar to find the meme coin (e.g., BONK,BONK,SAMO).
- Swap Tokens: Enter the amount of SOL or meme coin you want to swap.
- Set Slippage: Adjust slippage tolerance (1-2% for stable coins, 5-10% for volatile meme coins).
- Confirm Trade: Review the details and confirm the transaction.
- Orca (Solana):
- Connect Wallet: Go to Orca and connect your Phantom wallet.
- Search for Meme Coins: Use the search bar to find the meme coin.
- Swap Tokens: Enter the amount of SOL or meme coin you want to swap.
- Set Slippage: Adjust slippage tolerance.
- Confirm Trade: Review the details and confirm the transaction.
How to Snipe New Meme Coin Launches
- Use DexScreener:
- Website: DexScreener
- How to Use:
- Go to the Solana section.
- Filter by “New Pairs” to find recently listed meme coins.
- Check liquidity and trading volume before buying.
- Use Sniper Bots:
- BonkBot (Telegram-based):
- Join the BonkBot Telegram Group: Search for BonkBot on Telegram and join the official group.
- Connect Your Wallet: Use your Phantom Wallet to connect.
- Set Up Sniper Filters:
- Token Launch Alerts: Enable alerts for new token launches.
- Liquidity Check: Set a minimum liquidity filter (e.g., $50k).
- Whale Activity: Enable alerts for large buys (e.g., > 1 SOL).
- Configure Sniper Settings:
- Gas Fee Limit: Set a max gas fee (e.g., 0.01 SOL).
- Slippage Tolerance: Set slippage to 10-15% for new coins.
- Auto-Sell: Enable auto-sell at 2x, 5x, or 10x profit targets.
- Start Sniping: The bot will automatically buy new meme coins that meet your filters.