Cryptocurrencies often make their debut on decentralized exchanges (DEXs) before being listed on more mainstream centralized exchanges like Binance or Bybit. Navigating these DEXs can seem daunting at first, but with the right guidance, you can confidently trade across different blockchain networks such as BSC, TON, AVAX, Solana, and Ethereum. This article will provide you with a step-by-step process to buy tokens on major blockchain DEXs, empowering you to make transactions independently.

Why Decentralized Exchanges?

Decentralized exchanges offer the advantage of being the first listing platforms for many low-cap cryptocurrencies. Understanding how to navigate these exchanges can provide early access to promising projects. Each blockchain has its own DEX, so the process will vary slightly depending on the network. Let’s dive in!

How to Buy AVAX Tokens

1. Fund Your Wallet:

Purchase AVAX tokens from an exchange like Binance and send them to your Trust Wallet.

2. Open Trader Joe:

In Trust Wallet or Metamask, navigate to the DApp browser and visit Trader Joe.

3. Get the Contract Address:

Copy the contract address of the token you wish to buy.

4. Connect and Swap:

Connect your wallet, paste the contract address, and swap AVAX for the desired token.

5. Import Token:

Add the token to your wallet.

Note: Always keep a small amount of AVAX to cover network fees.

If the trade doesn’t execute, increase the slippage by 2% until it goes through.

How to Buy Solana Tokens

1. Set Up a Wallet:

Download and set up a Phantom or Solfare Wallet.

2. Fund Your Wallet:

Buy Solana from any centralized exchange (CEX) and transfer it to your wallet.

3. Copy Contract Address:

Obtain the contract address of the token you want to purchase.

4. Use Jup.ag:

Open the DApp browser in your wallet and visit Jup.ag or Raydium.

5. Connect and Swap:

Connect your wallet, paste the contract address, input the amount of Solana you want to use, approve the transaction, and swap.

Note: The token will appear in your wallet automatically.

Keep some Solana for network fees when you want to sell.

How to Buy BSC Tokens

1. Set Up Trust Wallet:

Download Trust Wallet and set it up.

2. Fund with BNB:

Buy BNB (Smart Chain) from Binance and send it to your Trust Wallet.

3. Open PancakeSwap:

In Trust Wallet, navigate to the DApp browser and visit PancakeSwap.

4. Copy Contract Address:

Get the contract address of the token you want to buy.

4. Connect and Swap:

Connect your wallet to PancakeSwap, set the slippage to 7%, add the contract address, swap BNB for the token, and confirm the transaction.

5. Import Token:

Add the token to your wallet.

Note: Keep a small amount of BNB for network fees.

If the trade doesn’t execute, increase the slippage by 2% until it goes through.

How to Buy TON Tokens

1. Set Up Tonkeeper Wallet:

Download and set up the Tonkeeper Wallet.

2. Fund Your Wallet:

Purchase TON from exchanges like OKX, Bybit, or MEXC (not available on Binance) and transfer it to your wallet.

3. Open DeDust:

In your Tonkeeper DApp browser, visit DeDust.

4. Copy Contract Address:

Get the contract address of the token you wish to buy.

5. Connect and Swap:

Connect your wallet, paste the contract address, input the amount of TON you want to use, and swap.

6. Confirm Transaction:

Confirm the transaction and input your password.

Note: The token will appear in your wallet automatically.

Keep some TON for network fees.

You can always get your contract address from the Dexscreener.

How to Use Magnum Trade Bot to Trade on BSC, ETH, AVAX, and Solana

1. Start with the Bot:

Click on Magnum Trade Bot to get started.

2. Create or Import a Wallet:

Use the Wallet Manager Bot to create a new EVM or Solana wallet or import an existing one. Name the wallet and save your private keys, seed phrase, and wallet address.

3. Fund Your Wallet:

Transfer funds to your wallet using the copied address.

4. Buy Tokens:

Return to the trade bot and click on “Buy Manually.” Paste the contract address of the token you want to purchase.

5. Execute the Trade:

For Ethereum purchases, locate "Buy with ‘X’ ETH" and input the amount. Click “Buy Now” and the trade will execute automatically.

Note: Keep some tokens for gas fees.

Follow the same steps for other blockchains.

You can create multiple wallets on the bot.

Conclusion

Trading on decentralized exchanges can be a powerful way to get involved with new and promising cryptocurrencies early on. By following these steps, you can confidently navigate various DEXs across multiple blockchains. Remember to keep some funds aside for transaction fees and always verify contract addresses from reliable sources. Happy trading!