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Updated Oct 2026Independent guide

Memecoin trading FAQ

Short, sourced answers to the questions beginners ask most. Longer explanations are linked under each topic.

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Frequently asked questions

What is the cheapest memecoin trading app?

At entry tiers on Solana, fomo charges 0.50% per side from 190 USDC up (with size bands below that), Axiom 0.95% net, GMGN, Photon, Trojan and BONKbot 1%, and pump.fun 1.25% on the bonding curve. The cheapest for you depends on your trade size; use the true-cost calculator.

Do referral codes really lower fees?

Only on some apps. fomo (10% off, 0.45% standard rate) and Axiom (10% off) publish a discount for referred users. pump.fun, GMGN, Photon and Trojan publish none for the person signing up.

Can I add a referral code after signing up?

Generally no. The link or code has to be used when the account is created.

Is BullX still working?

BullX NEO says trading on its current app version has been disabled, while withdrawals and wallet functions stay available. It was announced as a pause from 1 June 2026 with no relaunch date.

What is the safest way to start?

Use only official addresses, start with a small amount, check each token before buying and test a withdrawal early.

Why did I lose money even though the price went up?

Fees on both sides, network costs and price impact. If the price rose less than your break-even move, the round trip still loses.

What does it mean when a token's freeze authority is active?

On Solana, the creator can freeze token accounts, which can stop you from selling. Most traders avoid such tokens.

Are memecoin profits taxed?

In many countries selling or swapping crypto is a taxable event. Keep records; rules depend on where you live.

Telegram bot or web terminal?

Bots are fast and work on any phone; terminals show more data. Both keep keys in a wallet the service creates or you import, so secure your Telegram or login account.

How do I spot a fake trading site?

Check the address against the official list, ignore search ads and DMs, and never type a seed phrase into a website.