How To Buy BONK Instantly in Australia - CEX.IO

BONK is one of the most prominent memecoins available to Australian enthusiasts here at CEX.IO. Besides BONK, curious participants can also explore how to buy Dogecoin (DOGE) and Shiba Inu (SHIB) through our user-friendly feature, Instant Buy. 

In this article, we follow a similar path and explore the most intuitive ways to buy BONK in Australia through CEX.IO. Read on to learn more. 

What is BONK?

For those that are new at crypto, BONK is a memecoin, a type of cryptocurrency designed to be humorous and capture attention. It was launched in December 2022 on the Solana blockchain. Like its previously mentioned counterparts, Shina Inu and Dogecoin, BONK derives value primarily from online hype and community support rather than underlying utility or technology, which is the case with Solana (SOL). 

Because it’s built on top of the Solana network, BONK potentially benefits from its high speed and low transaction costs. Moreover, a significant portion of BONK was airdropped precisely to members of the Solana community, which helped encourage the early adoption of this token. 

Step-by-Step Guide: How to Buy BONK in Australia

Australian enthusiasts can choose among many pathways to acquire BONK. Those skillful enough to use technical and fundamental analysis supported by our user-friendly price charts can utilize Spot Trading. This feature allows crypto-savvy participants to obtain BONK at potentially lower prices by trading it against USD and USDT. 

For those less handy with price analysis tools, we offer Instant Buy. This functionality allows eligible customers to obtain BONK at the current market value beyond trading. Users can seamlessly link their favorite payment method with a free CEX.IO Crypto wallet and get BONK instantly. Here’s how: 

1. Register and verify your account at CEX.IO. 
2. Log in using established credentials. 
3. Navigate to Instant Buy through our user-friendly dashboard. 
4. Choose BONK as your primary cryptocurrency. 
5. Select the fiat currency you want to use to purchase BONK. 
6. Specify the amount of fiat you’re ready to spend on your BONK purchase. You enter the amount manually or select from predefined denominations. 
7. Choose your preferred payment method. 
8. Follow the on-screen instructions to complete the purchase. 

Payment Methods

CEX.IO offers Australian enthusiasts numerous gateways to fund their BONK purchases. Aussie participants can buy crypto with credit and debit cards issued from major banks in Australia. However, they may also use alternative debit cards from Revolut and Wise. 

In addition to bank-issued cards, Australia-based users can facilitate their purchases with: 

• Bank transfers
• Google Pay
• Apple Pay
• MoneyGram
• Skrill
• Neteller
• Other cryptocurrencies

Still, customers from Australia should be mindful of regulations, which may cause some payment methods to be unavailable in their region, like in the case of PayPal, which is available to U.S. users only. Therefore, we encourage Australia-based participants to explore the availability of their desired payment method prior to purchasing on CEX.IO. 

FAQs

How to find the best way to buy BONK?

The best way to buy BONK is to conduct thorough research before initiating any transaction. Interested parties should explore the project, its underlying technology, community, and any potential real-world use cases to decide whether BONK truly aligns with their financial goals and risk tolerance. 

Where to buy BONK in Australia?

BONK is available through numerous decentralized and centralized exchanges, including CEX.IO. Participants should conduct their own due diligence before purchasing bonk at any crypto platform. 

What are the fees for buying BONK?

The fees for buying BONK may vary between exchange and payment methods. Each platform, at least regulated and transparent, makes its limits and commissions available to the broader public. This helps users assess the potential costs involved and make informed decisions about their purchases. Also, participants should be aware some payment methods may incur transaction fees, like credit and debit cards. 

Where to store BONK?

Australian crypto owners can store their BONK on custodial and non-custodial wallets. It’s good to know that custodial wallets, like the one offered by CEX.IO, are free and typically come with user-friendly interfaces. Non-custodial wallets are also a good choice for storing BONK. However, they might come with extra costs and require technical expertise to navigate, making them less suitable for day-to-day traders and beginners.