Key Insights
- Trends often emerge in the crypto space, bringing investors massive returns.
- One of these trends is the TRUMP coin, which was released on the Solana network on January 17 before the Donald Trump inauguration.
- Some of the best places to buy TRUMP include decentralized and centralized platforms like Binance, Coinbase, Meteora, and much more.
- It is important to DYOR and keep security in mind at all times when investing in cryptocurrencies of any kind.
The crypto market is known for its fast-moving trends and for being unpredictable at times.
One of the trends that has caught the attention of traders in recent times is that of the Official Trump (or $TRUMP) coin.
Investors with their eyes on this memecoin and who are looking to get into the politi-fi memecoin space need a safe and straightforward way to get it done.
Here’s a guide with everything to know about buying Trump Coin safely—and smartly.
What Is Trump Coin?
Before jumping into the buying aspect, it is important to understand what this cryptocurrency really is.
To begin with, $TRUMP is a memecoin—a political memecoin at that.
Unlike Bitcoin or Ethereum with their clear technological and financial use cases, $TRUMP is a politically charged digital asset.
This means that it has fewer use cases compared to major cryptocurrencies, and its price is governed mostly by speculation and internet trends.
To start with, there is no single “Trump Coin.”
Instead, the internet now has multiple cryptocurrencies with the US president’s name ad imagery.
Each of these cryptocurrencies was created for several purposes. Some to rise the political wave and social media hype.
Others were created to build communities around certain ideals.
Regardless of purpose, these tokens are highly speculative and are therefore volatile.
Furthermore, there is only one Official Trump memecoin, and investors must beware of scams.
Where Can You Buy Trump Coin?
The major difference between the official TRUMP and the copycats that investors must keep in mind is that the copycats are not usually listed on major exchanges like Coinbase or Binance.
Instead, they are more commonly found on decentralized exchanges and smaller centralized ones.
According to CoinMarketCap, the official TRUMP memecoin is available for purchase on exchanges like Binance, Bybit, Coinbase, OKX, Upbit and most other major centralized exchanges.
When it comes to decentralized exchanges, TRUMP is available on platforms like Meteora, Raydium, Orca and so on.
How To Buy TRUMP Using a DEX?
If buying via DEX, you can choose from any of the aforementioned decentralized markets above.
Here’s a step-by-step guide to getting started on Meteora:
- Set up a compatible cryptocurrency wallet like Phantom or Trust Wallet.
- Considering how TRUMP is a Solana-based cryptocurrency, get some SOL in your wallet to swap for some Trump Coin.
- Copy the Official Trump address (6p6xg…jfGiPN) from the CoinMarketCap page.
- Head over to Meteora and click on the “launch app” button.
- Connect your wallet to the DEX and input the contract address into the search bar to find the right token.
Choosing a TRUMP pool on Meteora | Source: Meteora - Click on the TRUMP-SOL option and follow the link that pops up.
- Click on “Add Position” as shown below, and input the amount of SOL you would like to swap for TRUMP.
Swapping SOL for Trump | Source: Meteora - Confirm the transaction and wait for TRUMP to be deposited into your wallet.
Keep in mind that DEXs offer greater accessibility to more tokens but require far more technical knowledge about things like price slippage and liquidity to use.
How To Buy TRUMP On a CEX?
Several major CEXs offer TRUMP, like Binance, for example. Here’s how to get started.
- Start by funding your exchange wallet with some USDT or any other stablecoin.
- Search for the TRUMP token and find a suitable trading pair (TRUMP/USDT, TRUMP/SOL, TRUMP/USDC, etc).
- Click on the “Buy” option at the bottom of the screen and input what amount of USDT/USDC you would like to swap for some TRUMP.
- Choose whether you would like to proceed through a market order (current prices) or a limit order (a predetermined price).
- Confirm your order and check your wallet balance to find your TRUMP tokens.
What To Consider Before Buying Trump Coin?
Buying any cryptocurrency comes with its own set of risks. However, politically themed memecoins have some special considerations to keep in mind.
Some of these include issues like extreme volatility, especially with how politically charged tokens are highly speculative and often react to political news.
The price of this cryptocurrency can swing dramatically in short periods, leading to heavy gains (or losses).
Another thing to keep in mind is related to security, where hackers are frequently on patrol to find any vulnerable users.
Always make sure you use reputable wallets with security features enabled, always check website URLs before connecting your wallet, and always store your tokens securely instead of leaving them on the exchange.
How To Trade Trump Coin Safely?
To stave off the risks and trade safely, always make sure to DYOR (do your own research). Never invest in TRUMP or any other cryptocurrency simply because it is trending.
Check the whitepaper and make sure you understand how the project is being managed.
Always use secure wallets like Ledger, MetaMask, Trust Wallet, or Phantom and never share your private keys with anyone.
Furthermore, make sure to always start small and only invest what you can afford to lose.
Memecoins can be very volatile, and this is especially true for the Politi-Fi kinds.
Finally, always be cautious of unsolicited messages, fake airdrops, and too-good-to-be-true investment schemes, and keep an eye out for market trends.
Political events can heavily influence the price of the memecoin, so make sure to watch out for possible sell-offs after major news cycles.
