He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin. During the last bull market in 2021, Ethereum provided a powerful and efficient way to create and market tokens. While Ethereum is still the second-largest token by market cap, some are starting to look at other blockchains as an alternative.

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Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. Presently, BONK holds the position of the third-largest memecoin by market cap, closely trailing Shiba Inu and Dogecoin. It caters to diverse trading needs by offering futures trading, a built-in P2P exchange, credit/debit card cryptocurrency purchases, and instant exchange services.

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1. Currently, the project has a small digital footprint on the Internet, except for an active twitter account.
2. Presently, the project maintains a minimal digital presence except for its active X (formerly Twitter) profile.
3. However, other meme coins have been in similar situations and still seen drastic price increases.
4. For PayPal, you can use it as a payment method on peer-to-peer (P2P) platforms.
5. Binance employs a tiered fee system, ranging from regular users to VIP 9, wherein fees decrease based on the deposited amount and trading volume on the exchange.

This approach helps to keep the supply in check and induces some deflation to prop up the coin’s price. As 2023 ends, many are already looking at 2024 and what is to come for crypto. With the highly anticipated decisions on spot Bitcoin ETFs, Bitcoin halving and Ethereum upgrades, there is certainly some buzz around crypto at the moment. While the bulls see these as price drivers and potentially even the beginning of the next bull market, bears see these events as already priced in or traps that will lead to sharp pullbacks. In line with the team’s strategy, 50% of the total supply was airdropped to Solana users (artists, creators, and active community members).

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Those who are interested in Dogecoin20 can visit the official website before the current presale stage ends. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Bonk is governed by a decentralized autonomous organization (DAO) known as the BONK DAO, which manages and votes on how the cryptocurrency will be run. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.

Now that you have a basic overview of BONK, you may be interested in purchasing the token. As of January 2023, BONK can be traded on platforms like Huobi, MEXC, Bybit, Bitget. It’s also available on Gate.io, Poloniex, Orca, LBank, BKEX, CoinEx, BitMart, Bitrue, DigiFinex, XT.COM, BingX.

Subsequently, BONK witnessed an explosive surge in adoption, establishing itself as a fundamental element within the vibrant, community-driven Web3 ecosystem. Accumulating a lifetime trading volume exceeding 1.2 trillion and amassing a user base of over 30 million globally, KuCoin currently holds a position among the top 5 cryptocurrency exchanges worldwide. Binance employs a tiered fee system, ranging from regular users to VIP 9, wherein fees decrease based on the deposited amount and trading volume on the exchange. Regular users encounter a 0.10% maker-taker fee, while BTC and ETH investors trading in the spot market currently enjoy fee-free transactions. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.

For PayPal, you can use it as a payment method on peer-to-peer (P2P) platforms. This involves finding a BONK sell order on such a platform and offering payment via PayPal. If you have followed crypto over the past several years, you’ve heard of popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). These tokens, themed after dog memes, rose to prominence overnight and saw price increases that were almost unbelievable. While Ethereum is popular, other chains exist that people are intent on using. Using debit or credit cards is a traditional method for acquiring cryptocurrencies.

Simultaneously, the Pro version presents more advanced trading features catering to experienced users. Operating as a completely remote company without physical offices, Coinbase serves over 100 countries and hosts more than 250 major crypto assets. Binance stands as arguably one of the most popular and widely utilized cryptocurrency exchanges globally, boasting a user base of over 90 million customers worldwide. Over the past couple of years, it has ascended to a significant level and is currently among the most renowned crypto entities. Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025.

Recognized as the “people’s exchange,” KuCoin prioritizes user-friendly design, a simplified registration process, and robust security measures. Established in 2012 by ex-Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam, Coinbase stands as one of the earliest and most renowned cryptocurrency exchanges. It garnered attention within the finance industry by becoming the first-ever crypto company to be publicly listed on the stock market. This extensive ecosystem facilitates Binance’s swift identification and listing of cryptocurrencies like BONK on its exchange. The token saw an initial price spike right after the airdrop but leveled out for most of 2023. The token went from a market cap of less than $20 million in the beginning of November to nearly $2 billion in less than a month.

What blockchain is the BONK crypto built on?

Notably, KuCoin was among the first platforms to list BONK upon its launch earlier this year. Nevertheless, the exchange often offers promotional events with reduced fees to attract customers, along with other incentives for new signups. Deposits on the platform are free, while withdrawal fees depend on the chosen method and cryptocurrency. The cryptocurrency market’s recent signs of growth has refocused investors’ attention on projects like BONK.

This guide aims to explore how to buy BONK, where to acquire it, and its potential price for those keen on investing. With a verified Coinbase account, you can connect your bank account and fund it. On the BONK page, you can select the “Buy” button and enter the amount of BONK you want to purchase.

Calling itself “the dog coin of the people,” Bonk coin is a dog-themed cryptocurrency based on the cryptocurrency Solana. Bonk launched on Christmas Day 2022, and is a prototypical memecoin, a cryptocurrency that surges due to social media hype and promotion. The coin now ranks among the 100 largest cryptocurrencies by total value, according to CoinMarketCap. The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). However, given the volatile nature of meme coins, it’s crucial for investors to exercise caution before allocating significant amounts of money to projects like BONK. Designed on the Ethereum blockchain, Dogecoin20 pairs the original imagery, the original total supply, and the original ethos of Dogecoin with a new mechanic to give it long-term perks.

Nevertheless, purchasing BONK with credit or debit cards might be challenging since the memecoin isn’t as widely recognized as top cryptos like Bitcoin or Ethereum. Still, some centralized or decentralized exchanges might offer the option to buy the token using these cards, making it worth exploring while considering adding the token to your portfolio. BONK has recently experienced a surge in price, signalling the project’s potential growth in the coming months, particularly amid the current bullish sentiments in the market. Despite a period of stagnation over the past couple of months, the recent upward trend of Solana, the blockchain supporting BONK, has contributed to the for crypto miners bitcoin’s halving could mean a doubling in costs token’s value increase.

Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week. For 2023 it was the best performing crypto asset based on return percentages. Founded in 2018, this exchange has swiftly become a primary hub for enthusiasts interested in both popular and lesser-known meme coins.