Easiest Way to Trade Memecoins

Introduction

Moonshot is a brand new mobile app built on the Solana blockchain, which leverages a simple user experience with a familiar interface to significantly improve the memecoin trading experience. Whether you are a complete normie who has never touched crypto, or a hardened trenches warrior who needs to trade on the go, Moonshot is the place for you. Through their partnership with payments platform Moonpay, users are able to fund their Moonshot accounts with their bank account, debit card, or even Apple Pay.

Why Use Moonshot?

One of the biggest problems in crypto is the user experience, with most apps being far too complicated for the average user. Rather than force you register on an exchange, create a wallet and keep the seed phrase safe, figure out which chain you have to bridge to, pick which decentralized exchange to swap on, and all the crazy things crypto natives have to do to trade coins, Moonshot makes it as easy as trading a stock on Robinhood. In the words of one of the Moonshot co-founders:

“Moonshot is for your friends and family who've asked you how to enter the space but don't have the time or patience to set up a seed phrase, buy Solana, and copy contract addresses. Like Robinhood democratized options and investing, we aim to do the same on-chain.”

Moonshot abstracts away all the complexities of memecoin trading so that you can stick to the fun stuff: buying coins that go to the moon! In fact, Moonshot even pays the gas fees for trades placed on the platform, so users don’t even have to worry about keeping Solana in their wallet or setting their priority fees correctly to make sure their trades go through.

Moonshot isn’t just for normies, however, in fact I personally have used the app almost every day since its release. I’ve really appreciated having such quick access to the memecoins I hold and being able to make quick trades even when I’m not at home, as you never know when something will happen in the market.

Getting Started

One of the best features of the Moonshot app is how quickly new users can get up and running, with it taking only minutes between making an account and your deposit hitting. The first step of course is to download the Moonshot app, available on iOS and Android, which you can find here.

Making Your Account

If you’re opening the app for the first time, tap the “Create account” button which will then walk you through a few quick steps to get set up. Once you’ve input your email address and verified it with the code they send you, you’re good to go! If you would like to change your username from the default, you can navigate to the Holdings page and tap your name at the top of the screen to edit at any time as well as add a profile picture.

Making your First Deposit

Thanks to their partnership with Moonpay, you’re able to deposit to Moonshot in a variety of ways including:

• Credit or Debit Card
• Bank Account
• Apple Pay
• Crypto Transfers

First tap the “Add cash” button to Select the option that makes the most sense for you. Then, follow the instructions to complete the deposit.

How to Trade on Moonshot

Buying your First Moonshot

Once you have funds in your account, you’re ready to start trading! Head to the Home tab, where you’ll find every coin listed on Moonshot as well as the “Top Gainers” of the day at the top of the screen. If you find something you like, you can tap the coin to pull up its information page. From there you can see a quick description of the coin, its market cap and price chart, and most importantly the Buy button. Completing your purchase is as easy as typing in the amount you want to buy and sliding to confirm!

Checking on your Portfolio

After your first purchase is complete, you can tap “Holdings” in the bottom right to pull up your portfolio of Moonshots. This screen will show each coin you hold in your Moonshot account, along with the amount, the dollar value, and how much you are up or down. If one of your Moonshots ends up going to the moon, you can also share your profit with your friends by clicking the arrow on the right side of each coin entry.

Sending Coins to Friends

One of the best features of Moonshot is how easy it is to send coins to friends. All you need is their username on Moonshot, then by using the Send function on the Holdings tab you can send any coin in your portfolio! This is especially useful for onboarding people who are new to crypto, as they don’t need to go through the efforts of creating a Phantom wallet and funding it - all they need to do is download Moonshot and you can send them some coins to get started.

Cashing Out

So you hit big on a Moonshot and you want to take some profit? Once you’ve sold your coins to get USD in your account, you can click the Cash Out button on the Holdings Tab where you’ll have options to cash out to an external crypto wallet or send money directly to your bank account via Paypal, Bank Transfer, or Credit/Debit Card. Going from memecoin to cash in your bank account only takes a few minutes!

Conclusion

It’s important to remember that trading memecoins is risky, and you should know what you’re getting into before you start putting money into them. Once you’re ready, however, Moonshot is the only app you need to stay on top of the market. If you liked this article, feel free to use our Beluga referral code to start buying Moonshots!

Relevant Links

• Keep up with Moonshot on Twitter!
• Get Started Trading and Download Moonshot!