1. Fund Your Exchange Account

Start with a regulated exchange like Coinbase:

1. Connect your bank account or debit card
2. Purchase one of these base currencies:
   • SOL (Solana) – Fastest for trading
   • ETH (Ethereum Base L2) – Low fees
   • XRP (Ripple) – For XRP Ledger tokens

Pro Tip: Buy 10-15% extra to cover network fees

2. Choose Your Trading Chain

3. Set Up Your Wallet

1. Download a wallet:
   • Solana: Phantom
   • Base: MetaMask
   • XRP: XUMM
2. Transfer funds from exchange to wallet address
3. Confirm transaction on chain explorer

4. Find Memecoins to Trade

1. Use DexScreener to track new launches
2. Verify contract address:
   • Check RugCheck audit
   • Confirm LP lock
   • Verify social links
3. Copy CA (Contract Address)

5. Execute Trade with Bot

1. Open your chosen trading bot:
   • BonkBot for Solana
   • Uniswap Bot for Base
2. Paste contract address
3. Set parameters:
   • 5% slippage maximum
   • 1-2% of portfolio per trade
   • Stop-loss if supported
4. Confirm transaction

6. Post-Trade Management

1. Track position in portfolio tracker
2. Set price alerts
3. Prepare exit strategy:
   • Take-profit targets
   • DCA out plan

Remember: 73% of memecoins peak within 4 hours (2024 data)