Introduction to BONKbot
Telegram-based trading bot, BONKbot, is a much-loved one among the users who hold SPL tokens or trade them on the Solana network. As the official partner of the $BONK community, BONKbot provides a seamless trading experience directly within the Telegram app, eliminating the need for external platforms.
Quick Video Guide
If you are more into a quick video guide a tutorial is also available that will get you started with BONKbot:
Setting Up BONKbot
Accessing BONKbot on Telegram
If you would like to get BONKbot up and running, you just need to click the Take Me There button to load it in Telegram. The on-screen instructions will guide you to configure your settings:
Configuring Initial Settings
As soon as you have created your BONKbot account, it is important to modify your settings so that they are similar with the trading options you usually take:
- Navigate to the ‘Settings’ section in the bot’s menu.
- Modify the language parameter, slippage tolerance, and protection options, such as MEV protection, that suit you best.
- Firstly, you may turn on trade confirmations only if you are in a hurry without being concerned about on-chain verification.
Navigating the BONKbot Interface
Main Menu Overview
The main menu of BONKbot is designer-friendly, and hence, it is no surprise that it provides various options:
- Buy: Thus, you can begin token purchases.
- Sell: Consequently, tokenize sales can be done.
- Positions: You are free to monitor and take your active trades.
- Limit Orders: Limit buy/sell orders can be established and watched as well.
- Auto Buy: Implementing automatic purchasing tactics for crypto.
- MEV Protection: Turn on settings to avoid being exploited for Maximal Extractable Value.
- Referrals: Join the referring to the friends program.
- Settings: Personalize your Tader’s activity settings.
- Help: Get questions answered using tutorials or guides.
Understanding Commands and Functions
BONKbot uses a series of commands that you can interact with via the Telegram interface to operate. Each of them is dedicated to a particular function that users can use to place trades, find settings, and access other information with no problems.
Executing Trades with BONKbot
Buying Tokens
To buy the tokens:
- Please type in the target token’s contract address or ticker symbol.
- Specify the amount of SOL or the number of tokens you wish to purchase.
- Set the slippage tolerance to allow for the potential price fluctuation.
- Click on the transaction to buy the token.
Selling Tokens
To sell tokens:
- Go to the ‘Sell’ section.
- Pick out the token which has the highest value from your portfolio to put it in the ‘Sell’ basket.
- Establish the amount you’d like to sell and create any settings needed, such as slippage tolerance.
- Click on the transaction to sell the token.
Advanced Trading Features
Limit Orders
BONKbot provides the users with the possibility to set limit orders, which means automatic buying or selling when certain price conditions are met:
- Access the ‘Limit Orders’ section.
- Choose the type of limit order (buy or sell).
- Define the trigger price or market capitalization.
- Set additional parameters such as expiration time and slippage tolerance.
- Confirm to place the limit order.
Auto Buy
The Auto Buy feature allows for systematic investment over time:
- Navigate to the ‘Auto Buy’ section.
- Select the token you wish to accumulate.
- Specify the total investment amount, frequency, and duration.
- Confirm to initiate the Auto Buy strategy.
MEV Protection
To avoid Maximal Extractable Value (MEV) manipulations, BONKbot provides MEV Protection settings:
- Access the ‘MEV Protection’ settings.
- Choose between ‘Secure’ or ‘Turbo’ modes based on your trading priorities.
- ‘Secure’ mode gives priority to MEV bots protection, while ‘Turbo’ mode gives emphasis on transaction speed.
- Adjust settings according to your risk tolerance and trading strategy.
Managing Your Portfolio
Monitoring Positions
BONKbot offers a detailed recap on all your present and past trades:
- Go to the Sell & Manage section to check the status of open trades you have entered.
- Observe particulars how much did you buy it for, how much it is currently, gain/-loss, the situation will be show.
- Stop your active trades on the spot with this feature in the main menu if it is necessary.
Referral Program
BONKbot comes with a referral program that fosters users to share the platform and in return, the users get rewarded:
- Click on the Referrals section in the bot menu.
- Send your unique referral link through Telegram or any other platform you like.
- Make a profit of the trades of the people who you invited to the platform as your referrals.
- Analyze the referral statistics, for instance, the number of users and the rewards that were received.
Security and Safety Measures
Protecting Your Assets
Following the simple steps suggested below is a must for all users to secure their money while using BONKbot:
- Activate 2FA (Two-Factor Authentication): Add a new layer of safety to your Telegram account by connecting it to your mobile device.
- Secure Wallet Private Keys: Always treat your wallet’s private keys or recovery phrases confidentially by sharing them with nobody.
- Double-Check Links: See to it, that you are using the valid BONKbot Telegram and documentation links.
Best Practices
- First give a try in a low trade amount to see how the bot works.
- Regularly review and update your wallet security settings.
- Stay informed about updates and new features announced by BONKbot.
Frequently Asked Questions (FAQs)
Is BONKbot free to use?
Yes, BONKbot is entirely free, with no subscription fees or hidden charges.
What tokens can I trade with BONKbot?
You can trade any SOL token on the BONK platform, and it is totally the easiest way to do it.
How do I add funds to BONKbot?
BONKbot is the wallet that can be connected to your Solana wallet but you must make sure to have enough SOL in your wallet to cover transaction fees.
What happens if a trade fails?
Failure of the transaction may result from an incorrect slippage setting, token liquidity, or lack of gas fee balance in your wallet.
Does BONKbot support other blockchains?
Currently, BONKbot supports only the Solana blockchain.
Is BONKbot safe?
BONKbot integrates highly secure technology to safeguard your trading just make sure you follow the safety protocols and set your 2FA as well as keep your wallet secure.
Conclusion
BONKbot is a friendly, and a smart trading bot which is designed for Solana blockchain directly via Telegram, it is your all in one solutions for token trading within the platform. If you are a beginner, or you are a professional, BONKbot will support you by offering tools that you can invest your trade, manage your portfolio, and automate strategies like Auto Buy and Limit Orders.
Commercialize smarter and quicker with BONKbot right now!