Buying Cryptocurrencies
Before you can trade memecoins on the respective blockchain, you’ll need the native cryptocurrency. The whole process looks like this:
- Create an account on a centralized exchange like OKX or Binance
(it is recommended two have accounts on both, to have a backup)
- Verify your account
- Deposit money into your account (usually via bank transfer or quicker and easier with a credit card)
- Buy the native cryptocurrency for the blockchain you want to trade on (ETH, SOL, TON, BNB)
- Create a new wallet on the respective blockchain, by installing browser wallets like Rabby (Ethereum and L2), Phantom (Solana), TonStation (TON)
- Very important: Back up your seed phrase and private keys!
- Transfer the native cryptocurrency to the public address of your newly created wallet
- Find the corresponding smart contract address of the memecoin through websites like Coingecko, Coinmarketcap, or Dexscreener
- Trade the native cryptocurrency for memecoins on the respective decentralized exchange like Uniswap (Ethereum and L2), Raydium (Solana), DeDust.io (TON)
- Wait and sell at the right time ;)
- Hint: If you use OKX you have access to a web3 wallet including their very good swap aggregator straight from your OKX interface, which makes things a lot easier
Centralized Exchanges
- OKX is one of the largest exchanges in the world and allows you to buy and sell most major crypto currencies easily
- Especially for beginners OKX is the best choice, because they have an easy to use mobile app including a beginner friendly web3 wallet interface, which allows
you to trade most available memecoins easily within seconds
Open an account now
- Binance is currently the largest exchange in the world and has been established in the market for many years
- You can buy all the mentioned cryptocurrencies here, including the largest memecoins
- Deposits and withdrawals are quick and easy with various payment methods like credit card or bank account
- Its good to have at least two different CEX accounts, and combining OKX and binance is a good setup
Open an account now