How to Buy Meme Coins – Full Beginners Guide for 2024

In the past, meme coins have given early investors enormous returns. From Dogwifhat and Pepe more recently, to Dogecoin and Shiba Inu in the past. These tokens present chances for rewards, but because of market volatility, there are also substantial risks involved.

 

Are you still keen to explore the world of meme coins but unsure of where to begin? We’ll go over all you need to know and show you how to buy meme coins with confidence and easy in this in-depth guide.

 

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How to Buy Meme Coins on Presale?

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How to Buy Meme Coins on a CEX?

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Centralised exchanges offer an easy-to-use substitute for purchasing and selling meme coins if you wish to avoid the risk of doing so during the presale phase. Let’s take a look at how to buy meme coins on a CEX, such as Dogecoin.

 

1) Select a CEX

 

Begin by selecting a reliable CEX that accepts the meme coin you want to buy. It can be difficult to choose where to buy meme coins, so we’ll use BTCC in this case. BTCC is one of the world’s oldest and most widely used bitcoin exchanges. Bobby Lee established it in 2011, with its headquarters initially in Shanghai, China. BTCC made substantial contributions to the early development of the Bitcoin and cryptocurrency ecosystems.

 

Go to its official website and select “Join BTCC” as your first step.

 

 

 

 

 

2) Open an account and finish the KYC

 

After starting the procedure, you must sign up for and complete the appropriate Know Your Customer (KYC) verification process. Simply register with your email address and personal information, and then verify your identity.

Once on the homepage, click “Verify” and you will be prompted to upload a photo of your ID as well as evidence of residence.

 

 

 

 

 

 

3) Deposit Funds

 

It’s now time to put money to your account because it has been opened and verified. Using a supported payment method, such as a credit card or bank transfer, add money to your eToro account.

 

 

 

 

Gas Fees for DEXs

 

Despite the fact that DEXs provide a direct and anonymous means to purchase meme coins, the fees linked with this can vary greatly due to gas fees.

 

CEXs often cover the costs of facilitating your deal with their own finances, so there are no petrol fees to worry about. Using a DEX for trading might get expensive when the network is very congested. Pepe meme coin demand drove Uniswap petrol fees on ETH transactions to a 12-month peak in 2023.

 

 

 

Which Networks Allow You to Buy Meme Coins?

 

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Meme coins are accessible on several blockchain networks and are well-known for becoming viral and being speculatively appealing. Comprehending the most widely used networks for meme currencies is crucial for investors who wish to engage in meme coin trading or diversify their holdings.

 

Thus, let’s examine the main networks that presently hold meme coins if you’re interested in learning more about where to sell them.

 

 

 

Ethereum Meme Coins

 

As a powerful platform for the development and exchange of decentralised tokens, the Ethereum network serves as the nerve centre for meme coin activities. Tokenomics and special features are added to several meme coins by using Ethereum’s smart contract technology. Shiba Inu and Pepe are among the most widely used meme coins on the Ethereum network.

 

Shiba Inu (SHIB): Shiba Inu, inspired by Dogecoin, rose to prominence for its meme-centric branding and unique tokenomics, which included decentralised exchange (DEX) listings and a decentralised autonomous organisation (DAO) structure. SHIB is currently the second largest meme coin, after Dogecoin, with a market valuation of $13.2 billion.

 

Pepe (PEPE): Inspired by the internet meme Pepe the Frog, PepeCoin seeks to establish a decentralised meme economy in which users may produce, exchange, and monetise digital commodities based on the Pepe figure. Pepe, which debuted as an ERC-20 token in May 2023, has been one of the most successful coins in the entire crypto industry. It has increased by more than 5,000,000%, gaining a $2 billion market capitalization in the process.

 

 

 

Solana Meme Coins

 

A lot of meme coin initiatives are moving to the Solana blockchain because of its cheap transaction costs and great throughput. When compared to meme coins built on Ethereum, those on Solana have faster transaction times and lower fuel fees. A couple of the most well-known meme currencies on the Solana network are Bonk and Dogwifhat.

 

 

Bonk (BONK) :Bonk is a meme-inspired Solana token that blends decentralised financial (DeFi) functionality with engaging community projects like yield farming and liquidity mining. It is presently ranked among the top 90 cryptocurrencies, with a market capitalization of $900 million.

 

Dogwifhat (DOGWIFHAT): By utilising Solana’s scalable infrastructure, Dogwifhat attracts users interested in meme coin trading and decentralised apps (dApps) by providing a meme-centric token with quick transaction times and cheap fees. One of the more well-known meme currencies in recent years, it brought enormous profits to its early backers.

 

 

 

Meme Coins with Independent Network

 

Certain meme coins have developed their own specialised platforms and gone beyond conventional blockchain networks. These initiatives provide special features and community-specific governance frameworks. Dogecoin is the most well-known illustration of a meme coin with a network.

 

Dogecoin (DOGE): Originally intended to be a joke, Dogecoin has grown into a popular digital currency with a devoted following and prominent support from people like Elon Musk. Once Musk purchased the social media network, he famously replaced the Twitter logo with the Dogecoin sign. With a daily trading volume of $3.5 billion as of this writing, Dogecoin is the biggest meme coin in the world.

 

Dogverse (DOGVERSE): Although it does not run on its own unique network, Dogverse (DOGVERSE) is a meme coin that operates on many chains. Avalanche and Base integrations are now under development, and these include Binance, Ethereum, Polygon, and Solana. With almost $5.4 million already raised, it is presently in the midst of its presale.

 

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Conclusion

 

Where to acquire meme coins and how to do it in detail are explained in this article. Finally, investors can get in on the fun and often speculative cryptocurrency trading action with meme coins. If you want to make it through this ever-changing market and find good investment opportunities, you need to know how meme currencies work on each network.

 

Thoroughly researching the tokens and their corresponding projects is essential before investing in them, whether through presales, centralised or decentralised exchanges, or any other means.

 

 

FAQs

 

 

Where can I purchase meme coins?

Both decentralised exchanges (DEX) and centralised exchanges (CEX) sell meme currencies. A large assortment of meme currencies are available for trading on well-known sites like BTCC.

 

What is the best exchange to purchase meme coins on?

The greatest centralised exchange for purchasing meme currencies is BTCC. It provides traders with simplicity, security, and a number of social trading features that are excellent for novices.

 

How are meme coins purchased in advance of listing?

Before tokens are released on open exchanges, investors can purchase them through meme coin presales or initial coin offers (ICOs). To avoid potential scams, these investments do come with dangers, therefore careful research is necessary.

 

Is investing in meme coins safe?

Meme coin investments are risky because of their speculative nature and erratic price swings. Certain meme coins have the potential to gain a lot of value and grow quickly, but they can also lose a lot of money.

 

 

 

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How to Trade Crypto Futures on BTCC?

 

 

Now you can trade BTC on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

 

1. Register an Account

 

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

 

 

2. Deposit Funds

 

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

 

 

How to Buy Tether USDT Guide

 

 

 

 

3.How to Trade BTC?

 

Here are the steps to trade BTC on BTCC

 

1) First, tap “Futures” on the website homepage

 

 

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

 

 

 

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

 

 

 

 

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

 

 

 

5) Then select your order type, and choose your leverage.

 

 

 

 

If you choose Limit or SL/TP order, you will need to enter your order price here.

 

 

 

Enter the quantity or choose the percentage under the quantity field.

 

 

 

 

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

 

 

 

 

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.