Bonkbot
4.8

Bonkbot

A beginner-friendly guide on how to use Bonkbot to buy and sell tokens on Solana easily.

BONKBOT is one of the most popular Telegram trading bots for meme coin trading on Solana. Its user-friendly interface, fast execution, and built-in features like DCA and Limit Orders have made it a go-to tool for thousands of Solana traders.

In this guide, we’ll walk you through how to use BONKBOT effectively—along with a few tips to help you optimize your trading potential.

Getting Started with BONKBOT on Telegram

Step 1: Click here to access BONKBOT on Telegram.

Step 2: BONKBOT will automatically generate a new Solana wallet for you to start trading.

Managing Your Wallet on BONKBOT

Currently, BONKBOT does not allow external wallet imports.

Bonkbot wallet

To manage your wallet:

  • Go to Menu → Home → Wallet to view your Solana wallet address.
  • Send SOL to this address to begin trading.

You can:

  • Click “Export Seed Phrase” to back up your wallet or import it into Phantom.
  • Use “Reset Wallet” if you want to delete the current wallet and generate a new SOL wallet within BONKBOT.

Buying Solana Tokens with BONKBOT

Just like other Solana trading bots such as Banana Gun Solana, Nova, Shuriken, or TradeWiz, buying a token with BONKBOT is simple:

buy token with Bonkbot

  • Paste the token contract address into the Telegram chat.
  • Choose the amount of SOL you want to spend.
  • There’s no need to connect a wallet, adjust slippage, or manually confirm the transaction—BONKBOT handles it instantly.

Selling Solana Tokens with BONKBOT

Selling is just as easy.

Simply select the percentage of your holdings you want to sell, or choose to sell all—all with a single click.

Limit Orders on BONKBOT

BONKBOT lets you set Limit Orders to automate buy/sell actions based on your chosen price or market cap. This gives you greater control and removes the need to monitor the market constantly.

How to Set It Up:
Paste the token contract into the bot, then select Limit from the options.

Limit Orders on BONKBOT

Available Limit Order Types:

  • Breakout Buy: Buy when the token price breaks a set resistance.
  • Dip Buy: Trigger buys when the price drops to a target level.
  • Take Profit: Automatically sell once a token hits a predefined price.
  • Stop Loss: Sell to prevent further losses if price falls below your threshold.
  • Trailing Stop Loss: Lock in gains as the price rises, auto-selling if it drops after a peak.

Conclusion

That wraps up our full guide on how to use BONKBOT, brought to you by soltradingbots.io.

If you’re new to memecoin trading on Solana and want to improve your strategy, be sure to check out our other guides linked below for tips and best practices.

Reminder: Memecoin trading is highly risky. Always do your own research (DYOR) before investing.

References

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