In this comprehensive guide, we’ll cover everything you need to know to get started with BONKbot, from setting up your account to executing advanced trades. Follow these steps to become a pro Solana trader using this powerful bot.
Introduction to BONKbot
BONKbot allows users to trade Solana tokens instantly right within Telegram. There’s no need to go through complex wallet connections or transaction approvals. Simply paste a token address into Telegram and BONKbot handles the rest.
Key features and benefits:
- Lightning-fast trading directly in Telegram
- Aggregated liquidity for great prices
- Smooth onboarding process
- Intuitive interface for buying, selling and managing
- Tools like Auto Buy, PNL tracking, slippage control
- Supports and contributes to the $BONK ecosystem
Overall, BONKbot combines speed, convenience, liquidity, and functionality in one comprehensive Telegram-based trading solution.
Step 1: Install Telegram and Find BONKbot
Since BONKbot is a Telegram bot, you’ll need the Telegram app installed on your phone or desktop.
On Mobile:
- Go to the App Store or Google Play Store
- Download and install the Telegram app
On Desktop:
- Go to telegram.org
- Download and install the Telegram desktop app
Next, open Telegram and search for “@BONKbot_bot” or go directly to https://t.me/BONKbot_bot. Click “Start” to initiate the bot.
Step 2: Create Your BONKbot Wallet
After starting BONKbot, it will generate a new Solana wallet address for you. This will be your dedicated BONKbot trading wallet.
Copy down the automatically generated wallet address that BONKbot provides. You’ll need to fund this wallet with SOL before trading.
Step 3: Fund Your BONKbot Wallet
Head over to your existing Solana wallet like Phantom or Solflare. Transfer at least 1 SOL into the BONKbot wallet address you copied.
This funds your trading account so you can start buying tokens on BONKbot. Be sure to leave enough SOL for any trading fees.
Double-check that your BONKbot wallet received the SOL transfer by going to “Wallet” in BONKbot.
Step 4: Start Trading Tokens
Now that your BONKbot wallet is funded, you can start trading!
To buy tokens:
- Type “/start” in BONKbot if you haven’t already
- Click the “Buy” button
- Enter the token address or name you want to buy
- Click the “Buy X SOL” button
- Enter the amount of SOL to trade for the token
- Confirm the transaction in the chat window
Buying tokens only takes a few clicks. BONKbot handles the token swap behind-the-scenes. Your purchased tokens will show in your BONKbot wallet.
Step 5: Manage Your Positions
After buying tokens, you can view and manage your positions directly in BONKbot.
Go to “Manage Positions” to see your open trades. Useful data includes:
- Current profit/loss
- Market cap of traded tokens
- Price changes
- Fees paid
- And more…
Use this info to manage trades and maximize profits.
Step 6: Use Advanced Trading Tools
BONKbot has tools for advanced trading strategies:
– Auto Buy: Automatically buy tokens at regular intervals to dollar cost average
– Buy/Sell Configs: Preset buy and sell amounts for one-click trading
– Slippage Control: Customize slippage tolerance on all trades
These features help you trade like a pro without the typical hassle.
Step 7: Sell Your Tokens
When ready to take profits or cut losses, selling is easy:
- Go to “Manage Positions”
- Select the token to sell
- Click the “Close” button
- Confirm the sale
BONKbot will sell your tokens on the open market. The SOL proceeds go back into your BONKbot wallet.
Step 8: Withdraw Funds From BONKbot
To withdraw your funds back to your main Solana wallet:
- Go to “Wallet” in BONKbot
- Click “Withdraw”
- Enter the withdrawal amount in SOL
- Enter your external Solana address
- Confirm the withdrawal
BONKbot will process the withdrawal on-chain. Your SOL will be sent to the address you specified.
Step 9: Use Referrals and Deep Links
Want to earn rewards while trading?
- Get your unique BONKbot referral link under “Referrals”
- Share it and earn rewards when your referrals trade
- Create deep links with your code to simplify sharing
Referral bonuses provide an extra way to maximize your trading profits!
Step 10: Seek Support if Needed
If you ever need assistance, BONKbot has extensive support resources:
Conclusion
With this complete guide, you have all the steps needed to master trading on Solana using BONKbot. From account setup to withdrawals and referrals, these tips will transform you into an expert at using this powerful trading bot.
BONKbot makes trading fast, easy, and flexible — all from the convenience of Telegram. The speed and simplicity offered can enhance your Solana trading performance and results.
So start following this BONKbot tutorial today. Soon you’ll be executing advanced Solana trades like a pro!
