Nova Bot Early Access (fastest and best trading bot right now – has pump fun migration sniper and more) ๐:
https://t.me/TradeonNovaBot?start=r-moonshots
Hello everyone! Today in this video, I’m going to show you how you can buy and trade meme coins without giving away a ton in fees. So, let me break down what I covered:
I started by explaining why platforms like Bullx, which most large YouTubers are promoting, might not be the best choice for complete beginners. Bullx is a popular trading platform, but it charges 1% per trade-both buying and selling. It doesn’t sound like much, but if you are trading a $10,000 position, $200 of that goes to fees.
Instead, I showed you two other places you can use: Raydium and Jupiter. Here’s the step-by-step process that I walked through:
You first need a Solana wallet-a Phantom, a Moonshot, or a SolFlare, for example-and you need to fund it with SOL. I then showed how to find the correct token contracts using DEX Screener, which is important because there’s a lot of fake tokens floating around. Using “WIF” (Dog With Hat), I showed one how to go about searching correctly using the dollar sign ($WIF) to make sure the right token was being received.
For trading on Raydium, I showed them how to copy the correct contract address, set appropriate slippage, lower slippage for less volatile tokens, and execute trades with the standard transaction fee. Then I actually showed Jupiter, which I slightly prefer since it routes your transaction through multiple pools to get the best price. It aggregates a bunch of different liquidity pools and finds the cheapest one automatically. The fees are super low at about 0.005%.
Also, I talked about a couple of important concepts: slippage-for stable tokens, such as WIF, you can set really low at 0.5%, but for more volatile tokens you’ll want to increase it. Just be very careful not to set it too high, such as 50%, or you get sandwiched.
Now, I did point out some drawbacks compared to platforms like Bullx. The main one is that setting limit orders is trickier. While Jupiter does have a limit order feature, it’s not as straightforward as Bullx.
The last thing I said is, for access to my best DEX Screener filters in finding potential 100X opportunities, head to our website and leave your email there. You should also be sure to join our community on Discord and Telegram!
I’m doing this tutorial because one of you guys requested it. More video ideas, please, in the comments below. Give this a like if you found this helpful, and I’ll catch you in the ne
Nova Bot Early Access (fastest and best trading bot right now – has pump fun migration sniper and more) ๐:
https://t.me/TradeonNovaBot?start=r-moonshots
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