How to Buy Bonk ($BONK) – Beginner’s Guide

Bonk is one of the largest Solana meme coins and a fast-growing Web3 ecosystem with integrations for more than 135 decentralized apps (dApps). It jumped more than 125% in 2024 and has strong momentum heading into the meme coin supercycle, so it’s on many crypto investors’ shortlist as a top token to buy.

In this guide, we’ll explain everything you need to know about how to buy Bonk and walk you through the steps. We’ll also cover key details about Bonk, including why it’s worth considering as an investment and how to store your tokens.

How to Buy Bonk in 4 Easy Steps

Let’s dive straight into the steps required to buy Bonk.

Step 1: Create a Best Wallet account. Download Best Wallet for iOS or Android and create an account with your email. Verify your email and phone number to complete the account setup.

Step 2: Select a purchase method. Tap ‘Buy’ on Best Wallet’s home screen to open a new order. Tap on the payment method and enter your payment details.

Step 3: Enter the amount to buy. Tap on the crypto in the ‘You get’ box and search for ‘Bonk.’ Tap $BONK when it appears.

Step 4: Buy Bonk. Enter the amount of Bonk to purchase, then tap ‘Buy Bonk.’ Your $BONK tokens will be added to your wallet immediately.

How to Buy Bonk – Step-by-Step Instructions

Let’s take a closer look at how to buy Bonk and walk through the steps in detail.

1. Create a Best Wallet Account

The easiest way to buy Bonk is through Best Wallet, a Web3 crypto wallet that has its own built-in crypto on-ramp. Best Wallet is free to download, offers advanced security features, and puts you in control of your cryptocurrency.

You can download Best Wallet from Google Play or the Apple App Store. Open the app and tap ‘Get Started’ to create an account.

Enter your email and verify it, then enter your phone number and verify it. Finally, enter a secure passkey and enable biometric authentication to unlock your wallet.

2. Select Purchase Method

On Best Wallet’s home screen, tap the ‘Buy’ button near the top of the screen. This will open a new order form.

Near the bottom of the order form, tap on ‘Purchase Method.’ You can choose to buy Bonk with a credit card, debit card, Google Pay, Apple Pay, Neteller, or Skrill. Best Wallet uses Onramper, which automatically finds the lowest transaction fees for your selected payment method and crypto token. So, you can use whichever payment method is most convenient for you.

3. Enter the Amount to Buy

Tap on the amount under ‘You Spend’ and enter the amount, in USD, that you want to convert to Bonk.

4. Buy Bonk

Tap on the crypto token under ‘You Get’ and search for Bonk. After selecting Bonk, review your transaction and tap ‘Buy Bonk’ to complete your purchase.

Buy Bonk on Best Wallet

Methods of Buying Bonk Compared

While we think Best Wallet is the easiest way to invest in Bonk, it’s not the only option you have when deciding where to buy Bonk. You can also purchase Bonk through a crypto exchange like MEXC or a crypto broker like eToro. To help you decide which approach is best for you, we’ve compared key things you need to know about each purchase method.

What Is Bonk Coin?

Bonk Coin is a meme coin that launched on Solana in late December 2022, roughly a year before the beginning of the Solana meme coin surge. The token began trading on the Raydium decentralized exchange at a minimum price of around $0.00000030 and didn’t see a huge amount of price action until November 2023, when Solana meme coins exploded upwards.

From November 2023 to the end of 2024, $BONK gained more than 60x. The token’s current market cap is sitting at $2.6 billion, with more than 770,000 token holders. The current price of Bonk is $0.00003909.

Bonk is a meme coin, but it also offers a Web3 ecosystem with a variety of utility features. Some of the standout features of Bonk include:

• Compatibility with 11 blockchains
• Integrations for 135+ dApps across DeFi, crypto gaming, NFTs, and more
• The Bonk Swap decentralized exchange
• The BonkRewards staking platform
• The MoonWalk play-to-earn fitness game
• The BonkBets Web3 sports betting platform

Bonk has transcended its meme coin origins to become one of the leading Web3 tokens on Solana and an all-in-one hub for Web3 users. The project’s many integrations mean that $BONK tokens are now widely accepted across major Web3 dApps, giving it significance as a way of transferring value.

The $BONK token also has value through staking. After you invest in Bonk, you can lock your coins for 1, 3, 6, or 12 months and earn rewards up to 3.2x.

On top of that, the Bonk team is still developing. The project plans to introduce a decentralized autonomous organization (DAO) and has set aside 15.8% of its token supply for this purpose.

The Bonk token had an initial total supply of 100 trillion $BONK coins, although the total supply has since been reduced to 92.87 trillion through token burns. Bonk also announced plans to burn an additional 1 trillion tokens in December 2024.

75.58 trillion $BONK tokens are currently in circulation. Bonk distributed a large portion of its tokens through airdrops to Solana NFT projects (21 trillion), Solana users (15.8 trillion), Solana artists (10.5 trillion), and Solana developers (5.3 trillion). 10.6 trillion tokens were allocated for marketing and liquidity, and 21 trillion tokens were set aside for the Bonk project team.

Why Buy Bonk and Is It Worth It?

Bonk is already one of the biggest and best meme coins, but it could have a lot more room for growth.

Don’t believe us then check out our full BONK price prediction. 

With a market cap of $2.6 billion, it is 3.5x smaller than Pepe and 21x smaller than Dogecoin.

Bonk also has a lot of momentum heading into the meme coin supercycle, which is widely expected to accelerate in 2025. The token is up 50% over the past 30 days of trading and hit a new all-time high of $0.00005916 in November.

From a fundamental perspective, Bonk is attractive because of its position as a leading Solana meme coin. New investors who enter crypto during the bull run could buy up $BONK coins as a way to get exposure to the Solana ecosystem. Bonk is also available on more than 40 exchanges, including all top centralized exchanges, so it’s one of the easiest tokens for new investors to buy.

Another reason to consider investing in Bonk today is its commitment to building a Web3 ecosystem and integrations for other dApps. While tokens like ETH and USDT remain the main coins for transacting in Web3 today, Bonk is positioning itself as a key token for transferring value in the future. In the long run, this has the potential to send demand for Bonk soaring.

How to Store Bonk That You Buy

It’s important to store any Bonk tokens that you buy in a secure wallet. There are a few different ways to approach this.

The most highly recommended way is to store your $BONK in a self-custody crypto wallet like Best Wallet. With this type of wallet, you have full ownership over your wallet keys and, thus, full ownership over your tokens. You can also easily stake your Bonk tokens or use them for Web3 dApps that support Bonk.

When using a self-custody crypto wallet, it’s very important to keep your password and other account information secure. Best Wallet uses your email and phone number to recover your account if you lose your password or device, so make sure these contact methods are secure. Other wallets use a seed phrase, which you should write down on a physical piece of paper and store somewhere safe.

Another way to store your Bonk is to keep it in a full custody wallet. This is the type of wallet you have if you store your Bonk inside a crypto exchange or brokerage account (like with MEXC or eToro). The keys for these wallets are managed by your exchange or brokerage and are very secure. In addition, it’s very easy to sell your Bonk since the tokens are already at an exchange.

However, tokens in a full custody wallet may be at risk if the platform (the wallet custodian) runs into financial trouble. In the past, crypto exchanges that have gone bankrupt have taken users’ cryptocurrency held in their full custody wallets. As the saying in crypto goes, ‘Not your keys, not your crypto.’

What to Do with Bonk You Buy

There are many things to do with Bonk you purchase. Here are a few ideas:

• Hold: If you bought Bonk as a long-term crypto investment, just hold onto it. You may consider selling some of your Bonk when the crypto bull market shows signs of waning, or keep holding it for future gains.
• Stake: You can stake Bonk tokens in BonkRewards to increase your token holdings. You’ll need to lock up your tokens for 1, 3, 6, or 12 months. Longer lock-up periods earn higher token reward rates.
• Play: You can use Bonk to join the play-to-earn fitness game MoonWalk or wager Bonk on your favorite sports teams at the BonkBets sportsbook.
• Mint NFTs: Bonk integrates with Bandit and Exchange Art, enabling you to mint your own NFTs using Bonk and list them for sale.
• Lend: Bonk integrates with DeFi platforms like Solend and Jet Protocol so you can lend out your tokens and earn interest.

Buy $BONK Verdict – A Promising Investment?

Bonk is one of the most popular meme coins on Solana and a high-momentum token heading into the meme coin supercycle. The project has done an impressive job of building a Web3 ecosystem and ensuring that Bonk tokens can be used with a huge range of dApps. Overall, Bonk looks to be a promising coin with high potential both in this crypto bull cycle and beyond.

Ready to buy Bonk? You can get your $BONK tokens today on Best Wallet.

Buy Bonk on Best Wallet

FAQs

What exchanges is Bonk listed on?

Bonk is listed on more than 40 centralized and decentralized crypto exchanges, including Coinbase, Binance, Crypto.com, MEXC, OKX, eToro, ByBit, and Kraken. We recommend using Best Wallet to buy Bonk because of its streamlined crypto on-ramp and self-custody crypto wallet features.

Can Bonk reach $1?

Reaching $1 would represent a 26,000x gain for $BONK, which isn’t likely to happen. However, the token could still deliver attractive gains during the crypto bull run as new investors flock to Bonk as a way to invest in the Solana ecosystem or meme coins.

Can I buy Bonk with USD?

Yes, you can buy Bonk using US Dollars at any centralized crypto trading platform or using a fiat-to-crypto onramp like the one provided by Best Wallet. Best Wallet lets you buy Bonk with a credit or debit card, Google Pay, Apple Pay, Neteller, or Skrill.

How long should I hold Bonk?

How long to hold your Bonk tokens is an individual decision that depends on your investing goals. Long-term crypto investors may want to hold Bonk for years in the hope that the token’s price will keep going up. Short-term investors and traders could hold Bonk for just a few weeks or months and sell before the end of this crypto bull cycle.

How do I stake Bonk?

You can stake Bonk tokens by visiting the BonkRewards website and connecting your crypto wallet. Enter the amount of Bonk to stake and choose a lock-up period, then click ‘Lock.’ Some crypto exchanges also offer built-in Bonk staking, which may not require locking up your tokens.

References

1. Bonk Tokenomics (Tokenomist)
2. BURNmas: BONK’s Historic Community Burn Event (Medium)
3. What Happens When An Exchange Goes Bankrupt? (The Bitcoin Manual)