How to Use BONKbot Telegram Trading Bot on Solana

BONKbot is a free, user-friendly trading tool integrated within Telegram, designed to facilitate seamless trading of any SPL token on the Solana blockchain. Developed by the Bonk community, BONKbot leverages routing from Jupiter and proprietary logic to enable users to buy, sell, and manage their Solana portfolios directly through Telegram.

Introduction to BONKbot

To start using BONKbot, simply click the button below to open it in Telegram. Follow the on-screen instructions to configure your settings:

Quick Video Guide

If you prefer a quick video guide, watch this tutorial to get started with BONKbot:

Setting Up BONKbot

Accessing BONKbot on Telegram

To start using BONKbot, simply click the button below to open it in Telegram. Follow the on-screen instructions to configure your settings:

Configuring Initial Settings

Upon accessing BONKbot, it's essential to configure your settings to align with your trading preferences:

• Navigate to the 'Settings' section in the bot's menu.

• Adjust parameters such as language, slippage tolerance, and security options like MEV protection.
• Enable or disable trade confirmations based on your preference for speed versus transaction verification.

Navigating the BONKbot Interface

Main Menu Overview

The main menu of BONKbot provides access to various functionalities:

• Buy: Initiate token purchases.
• Sell: Execute token sales.
• Positions: View and manage your active trades.
• Limit Orders: Set and monitor limit buy/sell orders.
• Auto Buy: Configure automatic purchasing strategies.
• MEV Protection: Access settings to protect against Maximal Extractable Value exploits.
• Referrals: Participate in the referral program.
• Settings: Customize your trading preferences.
• Help: Access guides and FAQs.

Understanding Commands and Functions

BONKbot operates through a series of commands accessible via the Telegram interface. Each command corresponds to a specific function, allowing users to execute trades, set preferences, and access information seamlessly.

Executing Trades with BONKbot

Buying Tokens

To purchase tokens:

• Enter the target token's contract address or ticker symbol.

• Specify the amount of SOL or the number of tokens you wish to acquire.
• Set the slippage tolerance to accommodate price fluctuations.
• Confirm the transaction to execute the buy order.

Selling Tokens

To sell tokens:

• Navigate to the 'Sell' section.

• Select the token you intend to sell from your portfolio.
• Determine the amount to sell and set any desired parameters such as slippage tolerance.
• Confirm the transaction to execute the sell order.

Advanced Trading Features

Limit Orders

BONKbot enables users to set limit orders, allowing for automated 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 protect against Maximal Extractable Value (MEV) exploits, BONKbot offers MEV Protection settings:

• Access the 'MEV Protection' settings.

• Choose between 'Secure' or 'Turbo' modes based on your trading priorities.
• 'Secure' mode prioritizes protection against MEV bots, while 'Turbo' mode focuses on transaction speed.
• Adjust settings according to your risk tolerance and trading strategy.

Managing Your Portfolio

Monitoring Positions

BONKbot provides a comprehensive overview of your active and past trades:

• Navigate to the Sell & Manage section to see all open trades.
• View details such as entry price, current price, profit/loss, and trade status.
• Close active positions directly from this menu if needed.

Referral Program

BONKbot includes a referral program designed to reward users who invite others to the platform:

• Go to the Referrals section in the bot menu.

• Share your unique referral link via Telegram or other platforms.
• Earn rewards based on the trading volume of your referrals.
• Track referral statistics, including the number of users and rewards earned.

Security and Safety Measures

Protecting Your Assets

Follow these steps to ensure the safety of your funds when using BONKbot:

• Enable 2FA (Two-Factor Authentication): Add an extra layer of security to your Telegram account.
• Safeguard Private Keys: Never share your wallet’s private keys or recovery phrases with anyone.
• Verify Links: Always ensure you are using the official BONKbot Telegram and documentation links.

Best Practices

• Start with small trades to familiarize yourself with the bot’s features.
• 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 SPL token on the Solana network.

How do I add funds to BONKbot?
BONKbot connects directly to your Solana wallet. Ensure your wallet has enough SOL to cover transaction fees.

What happens if a trade fails?
If a trade fails, check your slippage settings, token liquidity, and SOL balance for gas fees.

Does BONKbot support other blockchains?
Currently, BONKbot supports only the Solana blockchain.

Is BONKbot safe?
BONKbot incorporates advanced security measures, but it’s essential to follow best practices, such as enabling 2FA and securing your wallet.

Conclusion

BONKbot is a user-friendly and efficient trading bot designed for the Solana blockchain, offering an all-in-one solution for token trading directly on Telegram. Whether you’re a beginner or an experienced trader, BONKbot provides tools to execute trades, manage your portfolio, and automate strategies like Auto Buy and Limit Orders.

By following this guide, you can:

• Set up BONKbot and configure settings for your trading needs.
• Leverage advanced features like MEV Protection and Auto Buy.
• Maximize your portfolio’s performance with insights and tools provided by BONKbot.

Start trading smarter and faster with BONKbot today!