Hey guys im interested in buying some bonk. It is only available in solana network. Are you guys using phantom wallet and swap to get bonk? I was wondering what is the convinient way and reduced fees. Thank you.

  • AbleDelta@alien.topBEnglish
    1·
    1 year ago

    If you are using Coinbase as a CEX you will need to move funds to a self custody wallet

    Firstly, swap assets (eth, btc, usdc) to Solana — the cheapest way to swap/purchase is using Advance Trade as Simple Trade has high fees

    Second, go to “Send” and select Solana. Put the address of your self custody wallet. I use Coinbase Wallet but you can also use Backpack or Phantom

    Third, once the funds are in the self custody wallet, use a decentralized exchange like Jupiter to swap Solana for Bonk

    Fourth, when you want to swap bonk for Solana, go back to Jupiter

    Fifth, to get funds back in your Coinbase account, click the receive tab in Coinbase Retail and send the Solana from your self custody wallet there

    Hope this helps