Today, we're going to guide you through the process of buying a meme coin with the help of an example. Once you get the basics down, be it Dogecoin or Shiba Inu, you can buy any coin available on that platform.

Quick Step-by-Step Flow Chart

For those looking for a quick overview, here’s a step-by-step flow chart that outlines the entire process at a glance. Refer to this chart if you want a visual guide to follow alongside the detailed steps below.

 

Click Here for the Full High-Resolution Flow Chart

With that said, let's start by going over the entire procedure. Here's what you're going learn through this guide:

• Buying a meme coin through MEXC
• Buy a meme coin through Phantom Wallet
• Buy a meme coin through Trust Wallet

With that said, let's start by going over the entire procedure.

Understanding the Meme Coin You Want to Buy

Before purchasing a meme coin, it’s crucial to understand which exchanges support it and which blockchains it is available on. Some meme coins may not be listed on major exchanges or may only be available on less reliable platforms. This is why thorough research is essential to confirm which exchanges support a particular meme coin.

For this guide, we’ll use SPX6900 as an example. We’ve chosen this meme coin because it is not available on prominent platforms like Binance. That’s why the first step is to identify the exchange that supports this meme coin, which you can check on CoinMarketCap (CMC).

Once you search for the SPX6900 and open the page on CMC, you can explore both centralised and decentralised exchanges in the “Market” section. A centralised exchange is controlled by a central authority, while a decentralised exchange lets users trade directly with each other. In addition to that, in the “Pair” column, you’ll find options to buy SPX using USDT. This guide will also explain how to utilise a trading pair for an exchange.

 

 

Now, the next thing you need to check is which blockchain the meme coin or, in this case, SPX is available on. If a coin is available on multiple blockchains, choosing the right one can save you a lot in terms of transfer fees and gas fees.

On the website, the blockchain section is visible under the “Contracts”, which is easily visible on the left-hand side of the page. If you click on the dropdown icon, you will be able to see all the blockchains this coin is available on.

 

 

However, if you’re using a phone and using the CoinMarketCap app for the first time, you might not know where this section is. To look up the blockchain for meme coins you have to follow these steps.

• Go to the CoinMarketCap and look up SPX6900.

 

 

• Scroll down to the bottom and tap the "Contracts" option.

 

 

• Check which blockchains this meme coin is available on.

 

 

For SPX6900, we'll be using the Ethereum blockchain.

Step-By-Step Guide for Buying a Meme Coin

The very step in buying any crypto token is knowing which exchange you will use.

Step 1: Select an Exchange

The main issue beginners face when buying a meme coin is finding the right exchange. Finding a reliable and trustworthy platform is the key. To buy SPX, you must register on a cryptocurrency exchange that supports SPX6900. Here are some popular exchanges:

• MEXC
• BingX
• BitMart
• LBank
• CoinW

Ensure the exchange supports SPX in your region and review its fees and features. For this guide on how to buy a meme coin, we'll be using MEXC.

• Go to the app store and download the MEXC app on your phone.

 

 

Step 2: Login to Your Account

Once the app is installed, the next step is to log in to your account.

• We'll be using our Gmail account to log in quickly.

 

 

Note: To do any exchange or trading, you must have a verified account.

Step 3: Adding Funds to Your Account

 

Now that your account is ready, you need to have funds to buy a meme coin. There are usually several options to fund your account. You can choose from the following options if you don't have any crypto assets.

• Buy Crypto: Supports buying crypto with Visa, Mastercard, PayPal, and bank transfer.
• P2P Trading: You can buy directly from another user on the platform.

However, if you have crypto assets in your account, you can go with the:

• Deposit Crypto: Transfer crypto from other crypto wallets or platforms.

Before proceeding, make sure you are aware of deposit fees and transfer times. Once you've deposited GBP into your account, you'll have to convert it into USDT. It's a fairly simple process. However, we'll be adding USDT directly to your wallet using a credit/debit card.

• First, you need to open the MEXC app and tap on the "Wallets" section.

 

 

• Tap on the "Deposit" button.

 

 

• Select the "Buy Crypto" option.

 

 

• Enter the GBP you want to spend, select the payment method of credit/debit card, and tap on the "Buy USDT" button.

 

 

Note: Make sure that the currency you want to buy is set to USDT.

Step 4: Buying a Meme Coin

We're going to show you different ways to buy a meme coin.

Through MEXC

Now that your Binance account is ready, we can proceed with learning how to buy a meme coin. The first step is to verify you have USDT in your wallet.

• Go to the "Wallets" section on the bottom corner of your phone.

 

 

• Check whether or not you have enough USDT.

 

 

Note: If you don't have enough USDT, then you'll need to use your funds to buy some.

• Now, go to the homepage and search for "SPX/USDT" in the search bar.

 

 

• Tap on the "Buy" button for SPX6900.

 

 

• Add a minimum of 2 USDT and tap the "Buy SPX" button.

 

 

Phantom Wallet

Now, if you want to buy meme coins using a decentralised blockchain, you should choose a hot wallet to swap USDT for SPX. To do this, you need to first install and set up a wallet on Phantom Wallet.

• Download the "Phantom Wallets" app to your mobile phone.

 

 

• Once downloaded, open the app and agree to the terms of service. After that, tap on the "Create a new wallet" button.

 

 

Note: If you already have an account, then simply tap on the "I already have a wallet" option.

• Toggle the "Face ID" switch to on and tap the "Next" button.

 

 

• Copy the recovery phrase and tap on the "OK, I saved it somewhere" button.

 

 

• A pop-up will appear on the screen. Tap on "Yes" to continue.

 

 

• Now, your account is ready. Just tap on the "Get Started" button.

 

 

Now that you set up the wallet, you need to add USDT to your Phantom Wallet. Since SPX6900 is a major meme coin, we can buy it through any blockchain. We'll be using Ethereum.

• Go to the MEXC app and tap on the "Wallets" icon.

 

 

• Now, tap on the "Withdraw" button.

 

 

• Choose the USDT option.

 

 

• Select the "On-chain Withdrawal" method.

 

 

• Now open your Phantom Wallet and tap on the "Ethereum" option.

 

 

• Now tap on the "Receive" icon.

 

 

• Copy the address for USDT.

 

 

• Go back and paste the previously copied USDT address of your Phantom Wallet.
• Select the network by which you want to send this USDT.
• Enter the amount of USDT you want to send and tap on the "Withdraw" button.
• Tap on the "Confirm" button.
• Complete the authentication process for both Email and the Authenticator App.

After the verification process is complete, the USDT on the Ethereum network will be transferred to your Phantom Wallet.

Now that you have USDT in your wallet, we can proceed with learning how to buy a meme coin. As mentioned before, we'll be swapping out USDT for SPX.

• Start by opening your Phantom Wallet again and tap on the USDT network.

 

 

• Now tap on the "Swap" icon.

 

 

• Set the bottom coin to "SPX6900" on the Ethereum blockchain and the upper coin to "USDT" on the ETH blockchain.

 

 

Make sure to check the Ethereum blockchain symbol under the SPX image. Also, ensure that the coin you choose has an identical price with minor changes and the same four characters as the contract mentioned on CoinMarketCap.

• Now, enter the amount and trap it on the "Review Order" button.

 

 

After making sure everything is alright, tap on the "Swap" button and the coins will be added to your wallet.

Note: Make sure you have ETH as the Gas Fee for any transaction or swaps.

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Through Trust Wallet

Now that you know how to buy a meme coin through Phantom Wallet, you should know that you can also buy it from the Trust Wallet.

• Start by going to your App Store and downloading the Trust Wallet app.

 

 

• Tap on the "Get Started" button.

 

 

• Tap on the "Create a new wallet" option.

 

 

Note: If you already have a wallet, then you'll choose the "Add existing wallet" option.

• Create a 6-digit password for your wallet.

 

 

• Tap on the "Create" button for the "Secret phrase" option.

 

 

• Tap on the "Back up manually" option to store it as a text on your phone.

 

 

Note: You can also store it on your iCloud if you're using it on an iPhone.

• Tap on all of the checkboxes and tap on the "Continue" button.

 

 

• Copy the phrases to store them somewhere and tap on the "Continue" button.

 

 

• Now, select a few phrases in the order they were generated and tap on the "Confirm" button.

 

 

Now that your wallet is created, the next step is to add funds in the form of USDT to your account. The procedure is identical to the one used in Phantom Wallet.

• Start by opening your Trust Wallet and taping on the "USDT" option.

 

 

• Now tap on the "Receive" icon.

 

 

• Copy the address for USDT.

 

 

• After that, go to the MEXC app and tap on the "Wallets" icon.

 

 

• Now, tap on the "Withdraw" option.

 

 

• Choose the USDT option.

 

 

• Select the "On-chain Withdrawal" method.

 

 

• Go back and paste the previously copied USDT address of your Trust Wallet.
• Select the network by which you want to send this USDT.
• Enter the amount of USDT you want to send and tap on the "Withdraw" button.
• Tap on the "Confirm" button.
• Complete the authentication process for both Email and the Authenticator App.

After the verification process is complete, the USDT on the Ethereum network will be transferred to your Trust Wallet.

The next and most crucial step in buying SPX6900 or any other meme coin is to add the coin to the Trust Wallet. If you copy the contract address of the SPX on the Ethereum blockchain and try to simply place it in the swap section, then you won't see the coin.

You need to manually add the coin to buy it using Trust Wallet.

• Start by heading to the CoinMarketCap app.

 

 

• Look up the "SPX6900" coin.

 

 

• Go to the bottom of the page and tap on the "Contracts" option.

 

 

• Copy the contract address for the Ethereum blockchain for SPX.

 

 

• Head back to the Trust Wallet app and tap on the "Manage crypto" icon in the top-right corner.

 

 

• Now, tap on the "+" icon in the top-right corner.

 

 

• Tap on the "Network" option.

 

 

• Choose the "Ethereum" network.

 

 

• Paste the contract address for the meme coin and tap on the "Import" button.

 

 

Now that the coin has been added to your Trust Wallet, the next step is to swap USDT for SPX.

• Start by opening your Trust Wallet app and tap on USDT.

 

 

• Tap on the "Swap" icon.

 

 

• Now, set the bottom coin to SPX6900.

 

 

• Enter the amount and tap on the "Continue" button.

 

 

After verifying all of the details, simply tap on the "Swap" button, and the coin will be added to your wallet.

Note: Make sure that you have the gas fee in the form of ETH.

Conclusion

If you manage to follow the entire procedure correctly, you'll see that the meme coin of your choice is now available in your wallet. To keep your meme coins secure further, use a hot wallet like Argent Wallet. One thing that you should always keep in mind is to do your research before buying any kind of coin.

Even though SPX6900 is a popular coin, you should stay up-to-date with the market to maximise your profit. That's why if you need any kind of guidance, Cryptonary is here to help. No matter if it's a guide on the safest ways to buy crypto or recent market updates, we'll make sure to provide you with the most accurate information.

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