Bitmon is a relatively new cryptocurrency on the Solana Chain that's been making a lot of investors excited. This project's community is already growing fast and strong. The technology that Bitmon is promising will be able to revolutionize the market if done right. Bitmon its still in his early stage but so far seems very promising.
You can buy Bitmon on Bonfida. One of the best Decentralized Exchanges on Solana.
Coinbase is one of the best exchanges to buy cryptocurrency with Fiat money. They make it super easy to set up the account and start buying. You can have Bitcoin or Ethereum in your wallet within minutes of setting up the account. Use the link below to register and get 10$ of Bitcoin for free after buying 100$ or more of cryptocurrencies.
Register on Coinbase and get 10$ of Bitcoin for free.
Click on 'Get Started' and add your Legal Full Name, Email, Password, and State. They'll ask for verification on everything you put here, so make sure you only use your real name, State, and email. For your safety, choose a very strong password that you haven't used on any other account.
Proceed, and now you'll have to verify your email address by clicking the link on the email they sent you.
Sign-In on Coinbase and they will ask for your phone number. This is for the 2-factor security system. Enter your phone number and type the code you received by SMS. Click Submit.
Now you'll have to add your personal information. I know this is very boring and scary to add, but Coinbase is very trustful and probably the most secure exchange, so think about it like something you give, so you can get back all the security they offer.
To finish this part, you'll need to go through the ID verification process. Once that's done, move one to the next step.
Now that all the boring verification part is done, you have to add a payment method. You can choose between a Bank Transfer or Credit/Debit card. Credit Card has higher fees, but you can make an instant purchase. Bank Transfer is cheaper, but you have to wait a couple of days for the money to arrive at Coinbase.
Go to the Buy/Sell page. Set Solana as the currency. Type the amount in Solana or fiat you pretend on buying. Select the payment method you chose to add (If you chose credit card, choose the card you added). Confirm everything is correct and click on Buy Solana.
Phantom is by far the most used walled in the world of Solana. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Solana Network, Phantom will be your best friend. Setting up the wallet is also very simple and easy.
Head over to https://phantom.app/download and click on the browser that you're using to download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Phantom. Click on 'Create a new wallet' Now type your password.' Choose a strong password for your Phantom wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write down every word on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, confirm everything is correct and click "Done". You should be done now with the wallet.
To buy Bitmon, you'll need to have some Solana in your Metamask balance so you can trade it for Bitmon. That is why I instructed you to buy Solana first, instead of Bitcoin, for example.
To have your previously purchased Solana on your Phantom wallet, you have to send it from your Coinbase account to your Phantom wallet.
Copy your Phantom Wallet address by clicking here:
Go back to your Coinbase Dashboard. On the upper right corner, click on Send/Receive.
Choose the amount you want to send (click send all if that's what you want). Paste your Phantom wallet address where it says 'To.' Confirm all the details and complete the transaction.
After some minutes (sometimes it takes a bit longer), you should see the ETH you sent on your Metamask Wallet.
The easiest way to trade tokens on the Solana Chain is right on the Phantom wallet. Select this tab at the bottom
Before we swap SOL for BIT, we need to prepare your Phantom Wallet to receive Bitmon. Open Phantom, Click "Manage Token List", and press the "+" this icon on the right.
This operation will have a small cost in SOL as you can see above.Now fill in like this:
Click "Add", confirm and you should be done
You can check the price and confirm the correct token address of Bitmon on Coingecko.
Let's buy some Bitmon!
Click on this tab to access the swap tools
About You'll see the swap details. You now need to select the token you want to trade SOL to. So click on the token that you'll receive and choose Bitmon
Now select the amount of SOL you want to trade to BIT
Make sure everything is correct, confirm and accept, and you should be done!
Wait a few minutes, and your BIT should appear on your Phantom Wallet.
Congratulations! You are now a proud Investor of Bitmon!
Bitmon is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
Please make sure you read our Disclaimer. We are not financial advisors.
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