How to buy Bone ShibaSwap (BONE) coins on mobile phone

On mobile, you can purchase BONE coins through reputable exchanges like Binance, Huobi Global, and KuCoin, following a simple process involving account creation, account funding, and order placement.

Dec 15, 2024 at 03:32 pm

How to Buy Bone ShibaSwap (BONE) Coins on Mobile Phone

Introduction

BONE is the governance token of ShibaSwap, a decentralized exchange powered by the Shiba Inu ecosystem. It grants holders voting rights on proposals and other governance-related matters on the platform. As with any other cryptocurrency, you can buy BONE on various exchanges using your mobile phone, though the specific steps may vary slightly depending on the platform you choose. This guide will provide a comprehensive walkthrough on how to buy BONE coins on your mobile device.

Step 1: Choose a Cryptocurrency Exchange

1. Binance: Binance is one of the world's leading crypto exchanges, offering a vast selection of cryptocurrencies, including BONE. It boasts user-friendly mobile apps for both iOS and Android devices.
2. Huobi Global: Huobi is another reputable exchange with a strong presence in the Asian market. It supports a wide range of cryptos, including BONE, and offers a mobile app with advanced trading features.
3. KuCoin: KuCoin is a popular choice for altcoins, including BONE. It offers competitive trading fees, a user-friendly interface, and a dedicated mobile app.
4. Crypto.com: Crypto.com is a comprehensive cryptocurrency platform that supports a wide range of cryptocurrencies, including BONE. Its mobile app is highly rated for its ease of use and advanced features.
5. OKX: OKX is a highly regarded exchange known for its low trading fees, robust security features, and wide selection of cryptocurrencies, including BONE. Its user interface is well-suited for both beginners and experienced traders.

Step 2: Create an Account

1. Download the mobile app of your chosen exchange from the App Store (iOS) or Google Play (Android).
2. Open the app and follow the prompts to create an account by providing your email address, phone number, and other necessary information.
3. Complete the identity verification process, which may involve submitting a government-issued ID and a selfie, to comply with regulatory requirements.

Step 3: Fund Your Account

1. Once your account is verified, you need to fund it with the currency you'll be using to purchase BONE. This can typically be done through bank transfer, credit/debit card, or other supported payment methods.
2. Follow the instructions provided by the exchange to initiate the deposit process. The processing time and fees may vary depending on the chosen method.

Step 4: Find Bone ShibaSwap (BONE)

1. Once your account is funded, navigate to the trade or spot trading section of the mobile app.
2. Search for "BONE" using the search bar or browse the list of available cryptocurrencies.

Step 5: Place a Buy Order

1. When you locate BONE, click on it to open the trading pair page.
2. Select the type of order you want to place, such as a market order (executed at the current market price) or a limit order (executed at a specified price).
3. Enter the amount of BONE you wish to purchase.
4. Review the details of your order, including the price, fees, and estimated execution time.
5. Confirm the order and wait for it to be executed.

Step 6: Store Your BONE

1. Once your order is executed, your BONE coins will be credited to your exchange wallet.
2. For enhanced security, you can transfer your BONE to a hardware wallet or a software wallet designed for BONE storage.

Additional Tips

• Do your research on different exchanges before choosing one to ensure it meets your needs and is reputable.
• Consider the trading fees charged by different exchanges, as they can vary significantly.
• Set up two-factor authentication (2FA) on your exchange account for additional security.
• Be aware of market volatility and potential risks associated with cryptocurrency investments.
• Consider storing your BONE coins in a non-custodial wallet for greater control over your assets.