What is Bonk (BONK)?
BONK is a memecoin introduced to the Solana community via airdrop in December 2022, marking its entry into the burgeoning field of digital currencies with humor at its core. Initially unveiled with minimal details and a succinct whitepaper, BONK's primary objective was to offer a reliable payment settlement method. Unlike its contemporaries, BONK distinguishes itself by carving a niche within the Solana blockchain ecosystem, ensuring its utility transcends mere novelty. It has been seamlessly integrated into an array of decentralized applications (dApps) and games on the Solana network, further establishing its presence by linking with several Solana-based NFT collections, including BONKZ. This development trajectory mirrors the memecoin phenomenon spearheaded by predecessors like Dogecoin and Shiba Inu, yet BONK's integration within the Solana ecosystem underscores a unique blend of humor and utility, fostering a distinct identity in the crowded cryptocurrency landscape.
How to buy Bonk (BONK)?
Here's how to buy Bonk on Coinsquare
To buy Bonk, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying BONK. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select BONK from the list on the trade section
Coinsquare lets you trade BONK without leaving the app. You can also check the Bonk price and convert BONK to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the BONK price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Bonk (BONK)
Congratulations! You’re now the proud owner of BONK. You can either HODL or use it to exchange BONK to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my Bonk (BONK)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add Bonk (BONK) to your portfolio?
Create your account, fund it with spare change and get a little bit of BONK.
