Where to Swap Solana Meme Coins in 2024: Best Crypto Exchanges Reviewed
The cryptocurrency industry is multifaceted and ever-changing. There are projects that range from institutional and government-based platforms to niche gambling protocols geared to “degens,” as they have been affectionately termed. Depending on your approach to crypto and what your interests are, you are likely to be able to find something that appeals to you.
Over the past couple of months, one of the less mainstream sectors of the industry has taken off, garnering a lot of attention and significantly boosting market caps in the process. There has been a spate of meme coins that have launched on the Solana blockchain and have been eagerly acquired by crypto investors, producing something of a Solana bull run.
Just recently, Solana has risen by 7%, buoyed by enthusiasts flocking in to buy different meme coins that have launched on the network. According to CoinGecko, the collective market cap for Solana meme coins is now over $9 billion, and the daily trading volume is over $3 billion. These are whopping figures and reflect a genuine movement in the industry.
This started back in March of this year, when meme coins like dogwifhat (WIF), BONK, and POPCAT peaked on Solana. There was a bit of a downturn after that, but now Solana-based meme coins are hotter than ever, with even more options drawing investors looking to get in on the action.
However, not every exchange supports Solana meme coins and acquiring them can be particularly risky and effort-intensive. The important thing is to find a trustworthy exchange that supports these tokens. In this article, we are going to look at some of the best places to swap Solana meme coins, with an emphasis on safety and ease of use.
ChangeNOW
ChangeNOW has risen to the top tier of crypto exchanges by offering users simple and cost-effective swap services along with a wide range of other products and features. The exchange was launched in 2017 and, since then, has grown into one of the titans of the industry, as evinced by its massive user base.
ChangeNOW features a number of advantages over its competitors. The exchange is non-custodial, meaning that users always retain control over their funds, and does not have any KYC requirements. The only time that user data is required is in the rare case in which a transaction is flagged for suspicious activity.
When it comes to supported assets, ChangeNOW has listed over 1,000 digital assets and has over a million exchange pairs. Also, the platform offers a fiat on-ramp, further increasing its ease of use for those who are yet to buy crypto.
The exchange boasts some of the quickest transaction times in the industry, with most swaps taking no more than a few minutes. This speed and convenience are especially important when swapping meme coins, given their tendency towards volatility.
ChangeNOW supports a wide range of meme-inspired projects, including the classics like DOGE, SHIB and PEPE. And, concerning the hottest Solana meme coins, ChangeNOW has its users covered as it supports all of the biggest tokens like the above-mentioned WIF, BONK and POPCAT.
Given the platform’s low transaction fees and other products aimed at making the user experience as simple and straightforward as possible, ChangeNOW is a great option for those looking to get involved in the Solana meme coin markets.
SimpleSwap
SimpleSwap is another platform that was launched with an aim of making navigating the crypto space as simple as possible for users of all experience levels. The platform offers users a paired down interface that may lack some of the features that other exchanges on this list have but covers all the bases for users looking to make quick and easy swaps.
Like many of the other exchanges on this list, SimpleSwap is non-custodial and has no KYC requirements, save when transactions get flagged for suspicious behavior. The platform holds user security as an utmost priority alongside convenience, making it a viable option for those looking to get involved in meme coin markets without having to go through all the registration and verification hassles they might have to deal with on other exchanges.
SimpleSwap has all the big hitters of the Solana meme coins and offers a fairly wide range of trading pairs, giving users flexibility in their swaps. Fees on the platform are floating so it is important to monitor market prices to ensure that you know exactly what you will have to pay.
Swapzone
Swapzone is a unique addition to this list as it is not technically a crypto exchange. Instead, it is an exchange aggregator where users enter the assets that they want to convert and get the best offers available for a particular swap. The platform is geared to those looking to make quick, simple and cost-effective transactions, which means that its top results will usually consist of exchanges that have no registration or KYC protocols.
As a result, Swapzone can serve as an invaluable tool for individuals looking to swap meme coins and other currencies at the most favorable rates. Users do not have to register with the platform, instead, they can get started swapping in just a couple of clicks. All you have to do is select the assets you want to swap and the platform will produce a list from which you can choose where you would like to make your swap. There are filters that will rank exchanges on the criteria most important to you, like speed or fee size.
Once you’ve selected the terms on which you want to make a swap, the platform will act as an intermediary, facilitating the swap between you and the exchange you have chosen. This can radically simplify the exchange process, as you won’t have to go to a number of different sites to check the terms and can make the swap directly on the platform.
Swapzone supports all the biggest Solana meme coins and provides real-time updates on prices and the best offers available. Users with this tool in their belt will be able to keep their fingers on the pulse of the Solana meme coin market and make swaps when they want and on their terms.
EasyBit
The next entry on this list is EasyBit, another exchange that has built up a solid user base by offering quick exchange services paired with a simplified user experience. The platform has no KYC requirements, and users can make swaps without registering.
While EasyBit has a decent range of supported assets, its list of meme coins and alt assets is not as expansive as some of the others on this list. Concerning Solana meme coins, EasyBit supports a number of them, including WIF and BONK, but is missing some of the big ones, including POPCAT. Still, the number of assets supported is impressive and the ease with which users can make swaps on the platform makes it a great option for those looking to dip their toes into the Solana meme coin market.
One thing to note, however, is that there are transaction limits on this exchange. The first tier maxes out at the equivalent of $700. This means that if a user is looking to make large meme coin swaps they may want to use another platform unless they do not mind registering to increase their limits.
Changelly
Changelly is the oldest exchange on this list, launching in 2015 and building up an impressive user base over its subsequent years in operation. The platform was built with an eye towards simplifying the crypto experience for newcomers to the space. Like others on this list, Changelly only has KYC requirements when a particular swap gets flagged as suspicious or constitutes a significant risk to platform safety.
Transactions on Changelly are among the fastest in the industry and fees are floating, determined by current market rates. The platform has robust security and has generally positive reviews on sites like Trustpilot.
Changelly boasts one of the most extensive lists of supported assets that includes both industry mainstays and a variety of alt and meme coins. This applies to Solana meme coins as well, with the platform supporting a majority of the highest trading meme coins based on Solana. Given the speed with which one can make swaps and the currencies supported, Changelly makes a great option for making these kinds of swaps, depending on the needs of an individual user.
Conclusion
There are a lot of cryptocurrency exchanges on the market right now, which can complicate the process of choosing the right exchange for your needs. One should bear in mind their safety when looking for a platform to make swaps of any kind. When it comes to meme coins, this is even more important, as swapping meme coins can be a high-risk, high-reward endeavor. The options laid out in this list constitute a great starting point for users who want to try their hand at swapping Solana meme coins. However, one should always do their own research and only use platforms that they are comfortable with.
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Author
Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.