How to buy trump coin on binance? How to buy trump meme coin?
Jan 21, 2025
The process of purchasing $TRUMP is similar to other cryptocurrencies, but the specific steps may vary depending on your region, the trading platform you are using, and the real-time market conditions.
How to buy trump coin on binance?
Note: This coin is not listed on Binance for trade and service.
Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy TRUMP - Let’s Make Memes Great Again, which is currently not listed on Binance, you can follow the step-by-step guide below.
The most straightforward way is to find a reliable centralized exchange where you can buy TRUMP - Let’s Make Memes Great Again, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on.
Another option to buy the TRUMP - Let’s Make Memes Great Again is through a decentralized exchange (DEX) which supports the blockchain where your TRUMP - Let’s Make Memes Great Again resides. This guide will show you how to buy TRUMP - Let’s Make Memes Great Again by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency.
1. Download a Trust Wallet Wallet
There are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.
2.Set up your Trust Wallet
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.
3. Buy ETH as Your Base Currency
Once your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the ETH. If you are not an existing user, you can refer to our How to Buy ETH guide on registering and buying your first cryptocurrency on Binance.
4. Send ETH From Binance to Your Crypto Wallet
Once you buy your ETH, go to your Binance wallet section and look for the ETH you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ETH to appear in your Trust Wallet.
5. Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Trust Wallet wallet, you can go to 1inch to make the transaction.
6. Connect Your Wallet
Connect your Trust Wallet wallet to the DEX you want to use by using your wallet address from Step 2.
7. Trade Your ETH With the Coin You Want to Get
Select your ETH as the payment and select the TRUMP - Let’s Make Memes Great Again as the coin you want to acquire.
8. If TRUMP - Let’s Make Memes Great Again Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to https://etherscan.io/ and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.
9. Apply the Swap
Once you are done with the previous steps, you can click on the Swap button. From deciding where to buy TRUMP - Let’s Make Memes Great Again to making the purchase, your crypto transaction is now complete!
Here's what to know about the Trump coins.
How much are the Donald and Melania Trump meme coins worth?
As of Monday afternoon, the Trump meme coin had a market cap of $8.3 billion, while Melania Trump's cryptocurrency was valued at $1.2 billion, according to CoinMarketCap.
Mr. Trump's meme coin soared after it debuted, hitting a peak of almost $75 each. But the price has shed about 45% of its value since then, settling at about $40 per coin on Monday afternoon. Still, that represents a surge of more than 400% from its initial price, CoinMarketCap data shows.
Melania Trump's meme coin has had a slightly rockier debut, sinking more than 20% to about $5.40 per coin on Monday.
Are $Trump and $Melania real investments?
The Trump meme coin website says the president's cryptocurrency is meant as an expression of support — not an investment opportunity.
The Melania site describes the meme coins as "digital collectibles," adding that they "are not intended to be, or to be the subject of, an investment opportunity, investment contract or security of any type."
Investors typically scrutinize balance sheets and income statements when deciding where to allocate their funds, while currency traders will examine economic factors like trade flow and GDP growth when placing their investments. But relying on these traditional measures don't work with meme coins because they aren't tied to an underlying asset or economy, experts note.
"Attempting to use traditional financial models to value a meme coin will fail miserably," McCann noted. "Business schools don't teach students how to measure culture, virality or communities."
Are meme coins risky?
Meme coins are a highly volatile corner of the crypto sector that often start as a joke and have no intrinsic value, although they can surge in price if enough people are willing to buy them. Because of those dynamics, their prices are prone sudden and extreme swings.
"Meme coins are some of the most volatile assets on earth and should be treated with caution and care," McCann said.
The site selling the $Trump coin warned buyers that its price "may be extremely volatile and you may experience substantial losses in connection with a sale or other disposition of Trump Memes."
Meme coins gained popularity in 2021 and 2022, but some inexperienced investors were unprepared for digital currencies' extreme volatility, noted Nigel Green, CEO of wealth management firm deVere Group, in an email. As a result, he's advising investors to be cautious before putting their money into the Trump meme coins.
How can you buy the Trump and Melania meme coins?
The meme coins are available to buy on an app called Moonshot, which allows people to buy meme coins with Apple Pay, credit or debit card, cryptocurrency, or payment apps like PayPal and Venmo.
The Trump meme coin website notes that all transactions "ARE FINAL AND NON-REFUNDABLE. We shall have no responsibility or liability for any Trump Memes that are lost, misplaced or inaccessible."
What is the cryptocurrency industry's view?
Some crypto enthusiasts hailed the Trump meme coin's release, saying it reflects the president's support for an industry that felt unfairly targeted by the Biden administration. Mr. Trump has promised to usher in crypto-friendly regulations and picked crypto backers for key government positions.
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