Meme coins have become super popular these days. Everyone is talking about them, from your friends online to big influencers like Elon Musk. But before you jump into trading them, picking where to trade meme coins is very important. Not all platforms are safe or good for trading meme coins, so you need to know what to look for.
In this guide, we will review the 10 best meme coin trading platforms. We will also explain how to choose a meme coin trading exchange and how to do proper research before investing in new meme coins.
What is Meme Coin Trading?
Meme coin trading is when people buy and sell crypto meme coins, which are a type of cryptocurrency made mostly for fun or based on internet trends. These coins usually don’t have a real purpose or use like Bitcoin or Ethereum. They are often created because of jokes or viral trends, like Dogecoin or Shiba Inu. Meme coins can go up in value really fast, but they can also drop just as quickly.
People trade meme coins on cryptocurrency platforms, where they can buy them at a low price and hope to sell them later for a higher price. The trading happens in a similar way to how you would buy and sell stocks, but with meme coins, the prices can change a lot more because of social media hype or tweets from famous influencers like Elon Musk.
How Meme Coin Trading Works?
Meme coin trading works by buying and selling crypto coins that are made for fun or memes, not for serious use. When you trade meme coins, you can buy them on platforms like decentralized exchanges (DEXs). These platforms let you trade coins directly from your wallet without needing a middleman.
Some of the most used crypto platforms for checking meme coins are Dexscreener, DexTools, and GeckoTerminal by CoinGecko. These tools help you see the price, volume, and other important info about the coin you want to trade.
To start trading, you need to find a meme coin that you like or think will go up in value. Then, you can buy it on a platform like Uniswap or Raydium. After buying, you wait to see if the price goes up, and then you can sell it for a profit.
A lot of meme coins don’t have a real use or project behind them, so they can go up or down in price really quickly based on social media or news. The market for meme coins is mostly driven by hype, not by real value.
Top Meme Coin Trading Platforms Reviewed
1. Binance
Binance is a popular platform for trading meme coins. It supports a wide range of meme coins, including Dogecoin, Shiba Inu, and Pepe, and It regularly adds new meme coins. The platform offers high liquidity and trading volume, ensuring you can easily buy or sell meme coins without any price slippage, which is often the case in DEXes.
The trading fees on Binance are low compared to many other platforms. Spot trading fees start at just 0.1%, and you can reduce this fee by using Binance Coin (BNB) for payment. For futures trading, fees are also competitive, with maker fees starting at 0.02% and taker fees at 0.05%.
Binance has advanced trading features that are suitable for meme coin trading. You can use market, limit, and stop-limit orders to manage trades. The platform also provides access to futures and margin trading with up to 125x leverage. And, many advanced tools like technical analysis charts and live market data can help you track meme coin price trends.
Binance’s mobile app is user-friendly, which makes trading meme coins convenient. It also has a secure DeFi wallet for storing your crypto. If you prefer, you can transfer your meme coins to other wallets easily. The platform’s security features include two-factor authentication and $1B in insurance funds.
Pros
- Wide range of supported meme coins like DOGE, SHIB
- Low trading fees start at 0.1%
- High liquidity for easy buying and selling
- Advanced trading tools for market analysis and strategies
- Secure platform with two-factor authentication and SAFU insurance fund
Cons
- Some meme coins may face delisting risks
- Binance often lists meme coins on futures before the spot market
2. MEXC
MEXC is among the top meme coin crypto exchanges, especially popular for buying and selling new meme coins. Their meme coin varieties range from widely known names – such as Dogecoin (DOGE) and Shiba Inu (SHIB), as well as lesser-known names such as NEIRO, MELANIA, ACT, and TRUMP. The addition of new meme coins is usually regular, often being among the first to list them.
Fee levels on MEXC are particularly competitive. For spot trading, the maker and taker fees are just 0.05%. For futures trading, the fees are even more attractive, with 0.01% for makers and 0.04% for takers. MEXC also offers advanced trading options. It allows up to 200x leverage in perpetual futures contracts, allowing traders to open much larger positions with much less capital.
The platform has a very user-friendly interface, making it easy to look up and trade meme coins. A dedicated section of meme coins ensures that traders can get to the tokens they are interested in quickly. MEXC also offers different educational resources, which can guide traders in a better understanding of the market.
Pros
- Wide selection of popular and new meme coins
- Competitive spot trading fees, 0.05% maker/taker
- High leverage options, up to 200x
- Early listing of new meme coins
- User-friendly interface with a dedicated meme coin section
Cons
- Limited support for fiat deposits
- Some newly listed meme coins have low liquidity
3. Bybit
Bybit is another best meme coin trading platforms. It offers a decent selection of meme coins. You can find popular ones like DOGE and SHIB, and other new tokens like PEPE, FLOKI, and BONK. They keep adding new ones too, so the list is always changing. Bybit has a tiered fee structure, meaning the more you trade, the lower your fees get. They usually have trading fees of around 0.1% for spot trading, which is pretty standard.
Bybit has many advanced features to help trade meme coins. They have “spot trading”, which is just buying and selling the coins directly. They also offer “derivatives trading”, where you can trade contracts representing the value of the coins. This allows you to trade with 100x leverage.
The platform itself, by design, is friendly and approachable. You have a clean interface, advanced charts to track prices, and different types of orders to buy and sell at the prices you want. They also have a mobile app for trading on the go. Bybit sometimes runs promotions and events, which can be a good thing for meme coin traders. They have trading competitions or giveaways related to specific meme coins, so that’s how one can earn extra rewards.
Pros
- A wide selection of meme coins is available, including popular and new ones
- Competitive trading fees, especially with higher trading volumes
- User-friendly platform with both web and mobile app interfaces
- Offers spot and derivatives trading
- Regular promotions and events for meme coin traders
Cons
- It is not available in the United States
- Some newly launched meme coins are not available for trading
4. KuCoin
KuCoin is a cryptocurrency exchange that has a large number of meme coins. More than 700 cryptocurrencies are found on KuCoin, and many new meme coins are added very often. The trading fee on KuCoin is low. It charges 0.1% per trade, and if you use KuCoin’s token, called KCS, you pay only 0.08%, that’s a 20% discount. There are no hidden charges, and the fees are clear.
KuCoin also has a lot of advanced features for meme coin trading. You can trade meme coins directly through spot trading, here you purchase and sell coins instantly. Or, through futures trading with up to 125x leverage, here you borrow the money to swap bigger sizes. Trading bots are also available on KuCoin, and they help you automate your meme coin trading with strategies like DCA or Grid trading. They will automatically buy/sell for you according to your settings.
It’s easy to use the platform. There are advanced tools like technical indicators, charting tools, and so on, available to study the price of meme coins. Also, KuCoin has a significant user base, with more than 30 million users. That helps in huge liquidity and trading volume, which in turn is beneficial in avoiding price slippage.
Pros
- Low trading fees, starting at 0.1% per trade
- Wide variety of meme coins, including DOGE, SHIB, PEPE
- Futures trading for leveraged positions on meme coins
- Trading bots for automated meme coin strategies
- An active user base ensures high liquidity for meme coins
Cons
- Limited customer support options for quick problem resolution
- Regional restrictions prevent access in certain countries like the U.S.
5. Gate.io
Gate.io is another crypto exchange that supports over 3,500 cryptocurrencies, including many new meme coins like TRUMP and MELANIA. Also, In 2024, Gate.io launched the MEME Gateway Grant, a $50 million initiative to support meme creators and community development. This program offers marketing and liquidity support to innovative meme projects.
For spot trading, it charges a 0.10% fee for beginners. The platform has a VIP tier system where fees decrease with higher trading volumes and more GateToken (GT) holdings. These fees can also be further reduced by enabling GT debit. Gate.io also offers features like strategy bot trading, allowing users to copy trading strategies of other traders, and an NFT marketplace called Gate NFT for buying and selling NFTs.
Gate.io also offers many advanced trading features like futures, margin, and options trading. Futures trading supports both USDT-margined and coin-margined contracts, and margin trading allows users to trade with up to 10x leverage.
Pros
- Wide selection of meme coins like DOGE, TRUMP
- Low trading fees, reduced further with GateToken (GT)
- Advanced trading features: margin, futures, and strategy bots
- Strong liquidity for popular meme coins
- $50M grant to support meme projects and ecosystem
Cons
- High withdrawal fees for some tokens
- Not beginner-friendly due to advanced features and interface
6. Moonshot by Dexscreener
Moonshot is a platform by Dexscreener that lets users create and trade meme coins on the Solana blockchain. Launched in 2024, it offers an easy way to launch tokens with a fixed supply of 1 billion tokens. Creating a token costs about 0.02 SOL.
Once a token’s market cap reaches 500 SOL, it automatically moves to the Raydium decentralized exchange. At this point, 150 to 200 million tokens are burned, reducing the supply and potentially increasing the token’s value. Moonshot ensures fairness by having no pre-sales or insider allocations. All tokens are audited to prevent manipulation, and ownership is renounced to make them “unruggable”.
For trading, Moonshot charges a 1% fee, with 25% of that distributed to users. When liquidity is added at the 100% bonding curve, there’s a 5% fee plus 0.8 SOL to cover various costs, and 0.19% of the token supply is reserved for platform fees and user rewards.
Pros
- Low token creation cost (0.02 SOL)
- Automatic listing on Raydium at 500 SOL market cap
- Fair launch with no pre-sales or insider allocations.
- Tokens are audited and unruggable
- Burns tokens to reduce supply and increase value
Cons
- Only supports meme tokens on the Solana blockchain
- A 1% trading fee may deter frequent traders
7. Bitget
Bitget is another meme coin trading crypto exchange where you can trade meme coins easily. It supports all popular coins like Dogecoin Pepe, and other meme coins. There are also many new meme coins available, so traders have lots of options to explore. The platform charges low fees. For spot trading, it takes 0.1% per trade. If you trade futures, the fees are 0.02% for makers and 0.06% for takers.
You can also use Bitget Wallet, it’s a DeFi wallet. It has a special tool called MemeX, made just for meme coin crypto trading. MemeX makes it simple to find new meme coins with the potential for high returns. It supports coins on Solana and BNB Smart Chain. MemeX shows trending coins, new listings, and live prices. You can even trade directly from it with one click. It is very beginner-friendly but still useful for experienced traders.
Bitget also hosts events to make trading fun. For example, they run campaigns where users trade meme coins to win rewards. One event had a prize pool of 200,000 USDT in meme coins. These kinds of events attract many traders and keep the meme coin space active.
Pros
- Supports many popular and new meme coins
- Low spot trading fee of 0.1%
- MemeX tool simplifies meme coin discovery and trading
- Beginner-friendly interface with one-click trading
- Regular events with big rewards for meme coin traders
Cons
- No fiat trading pairs for meme coins directly
- Not available in the United States
8. Upbit
Upbit is a leading cryptocurrency exchange based in South Korea. It offers a wide range of digital assets for trading. As of now, Upbit supports over 180 cryptocurrencies and more than 300 trading pairs.
The platform employs a straightforward fee structure. For Korean Won (KRW) trading pairs, the trading fee is 0.05%. For Bitcoin (BTC) and Tether (USDT) trading pairs, both maker and taker fees are set at 0.25%. Withdrawal fees vary depending on the specific cryptocurrency.
In terms of meme coin offerings, Upbit has been selective. The exchange has listed meme coins like PEPE and BRETT. Additionally, Upbit has reduced withdrawal fees for certain cryptocurrencies, including the meme coin Shiba Inu (SHIB). The withdrawal fee for SHIB was decreased from 560,000 SHIB to 101,331 SHIB
Upbit’s cautious approach to listing meme tokens aligns with South Korea’s Virtual Asset Protection Act. This regulation requires projects without a known team or roadmap to trade for two years before being listed on domestic crypto markets. Consequently, Upbit prioritizes meme tokens with a proven track record and sufficient trading history.
Pros
- Low fees for fiat-to-crypto pairs
- Supports over 180 cryptocurrencies, including meme coins
- Strong regulatory compliance under South Korean laws
- User-friendly interface with mobile and desktop access
- High liquidity, especially for Korean Won trading pairs
Cons
- Limited global availability, primarily focused on South Korea
- No fiat withdrawals for non-Korean users
- Restricted meme coin listings due to strict regulations
9. Raydium
Raydium is a decentralized exchange (DEX) built on the Solana blockchain. It offers fast and low-cost meme coin trading because Solana is one of the fastest blockchains. Raydium is different because it connects directly to Serum, another exchange, to provide better liquidity and faster trades. Raydium supports SPL meme tokens, which are tokens on Solana.
Trading fees on Raydium are 0.25%. Out of this, 0.22% goes back to liquidity pools as rewards for liquidity providers. The remaining 0.03% is given to people who stake RAY tokens. You also pay network fees in SOL, which are very low, often less than 0.001 SOL per transaction.
Raydium allows the trading of meme coins available on Solana. As Solana supports many meme coins, launched through Pump.fun, you can trade them easily here. Because of the connection with Serum, Raydium provides deep liquidity, which means you can buy and sell meme coins at better prices. Raydium also offers yield farming. This means you can earn rewards by providing liquidity to its pools. You can also stake RAY tokens to earn more RAY.
Pros
- Fast and low-cost transactions on the Solana blockchain
- Supports a wide range of SPL and wrapped tokens
- Integration with Serum for deep liquidity and better pricing
- Competitive trading fees at 0.25% per trade
- Additional features like yield farming and staking rewards
Cons
- Limited to Solana ecosystem and SPL tokens
- Requires SOL for network transaction fees
10. Pump.fun
Pump.fun is a Solana meme coin trading platform that started in January 2024 on the Solana blockchain. It allows people to create and trade meme coins. Today, users have made over 5 million meme tokens on the platform.
Pump.fun supports many meme coins. Users can make their own meme coins by giving details like the coin name, symbol, and image. To do this, they pay a small fee of about 0.02 SOL. After making the token, it is available for trading on the platform.
The platform has a low transaction fee. It charges only 1% per trade. This makes it cheaper compared to other platforms and attracts more users. People can experiment with tokens without spending too much. Pump.fun has special features for meme coin trading. It uses bonding curve pricing to set token prices. This means that as more people buy a coin, its price goes up. This system keeps the prices fair and matches the meme coin market demand.
Pump.fun has safety measures to protect its users. All tokens have a fair launch process. There are no presales or team allocations, which stops big players from taking advantage. The platform also burns some liquidity when certain market cap levels are reached. This helps make the token ecosystem safer.
Pros
- Easy token creation and launch
- Simple interface for beginners and experienced traders
- Bonding curve pricing ensures fair and market-driven prices
- Low-fee token launch
Cons
- Blocked in the UK due to regulatory warnings
- The live-streaming feature was suspended for safety issues
- High potential for rug pulls and scams
How to Choose the Best Meme Coin Trading Platform?
Meme coins are everywhere now. People talk about them on social media, in group chats, and even in random internet comments. If you are looking to trade meme coins, you must choose a good trading platform. This is important because not all platforms are the same. Some are safe, some are not. Some are easy to use, and some feel super confusing.
Here’s how to pick the right one for you:
Platforms Safety
A good platform must be secure because you don’t want your money or data stolen. Look for meme coin trading platforms that are licensed or registered. If the platform uses security features like SSL certificates and two-factor authentication (2FA), it’s a good sign that they care about your safety.
If you see bad reviews about hacks or scams related to the platform, it’s best to avoid it. Your money and information are too important to risk on an unsafe platform.
Trading Volume
Trading volume is a big deal when choosing a platform. Platforms with high trading volumes usually mean a lot of people use them. This is good because it makes buying or selling meme coins faster and easier.
The meme coin platforms with low volume might take longer for your trades to go through, or you might not even find a buyer or seller. High volume also shows that the platform is trusted by many people. It’s usually a safer and more reliable choice.
Creator’s History
Before trusting a platform, look into the people or company behind it. Have they worked on other successful projects? Are they known in the crypto space? If the creators have a good track record, it shows they know what they are doing and are less likely to run a scam.
Avoid platforms where the creators are anonymous or have a bad history in the crypto world. It’s too risky to trust people with a shady past.
Relationship to Influential Factors
Meme coins often get a lot of attention because of influential people or events. For example, Elon Musk tweeting about Dogecoin can make prices skyrocket. Platforms that are quick to list these trending coins are usually a better choice.
Look at how the platform reacts to temporary influential factors. Do they quickly add trending coins, or do they take too long? Platforms that stay updated with news about Elon Musk, Trump, China, or other key opinion leaders (KOLs) are better for trading meme coins.
Fees
Trading platforms charge fees for deposits, withdrawals, and trades. Some platforms have higher fees, while others are more affordable. Always compare the fees and make sure they match what the platform offers. Sometimes, low fees come with fewer features, so check if the platform still meets your needs
Coin Offerings
Not all platforms have the meme coins you want to trade. Popular ones like Dogecoin or Shiba Inu are usually available everywhere, but newer or less-known coins might not be. Make sure the best place to buy meme coins supports the meme coins you’re interested in. If it doesn’t, there’s no point in signing up.
User Experience
A platform should be easy to use, even if you’re not an expert. Look for platforms with simple designs and clear instructions. If it’s too confusing, you might make mistakes like buying the wrong coin or entering the wrong amount.
Reviews and Ratings
Before choosing a platform, check online reviews. What are people saying about it? Is it reliable and safe? Platforms with lots of bad reviews or complaints are a red flag. Positive reviews and high ratings mean people trust the platform. It’s a safer bet to go with one that has a good reputation.
Risks of Trading Meme Coin
The risks of trading meme coins are:
- Creator’s Intentions: One of the biggest risks with meme coins is the creator’s intentions. Some creators start meme coins just to make quick cash. They might get a lot of hype, but in the end, they don’t care about the coin’s future. Once they’ve made enough money, they could sell all their coins, making the price crash to zero.
- Rug Pulls: A rug pull happens when the developers or owners of a meme coin take all the money and disappear. This is a really common problem in the world of meme coins. There are hundreds, if not thousands, of rug pulls happening every day.
- High Volatility: Meme coins can go up and down really fast. One day you might make money, and the next, the price could drop massively. This happens because meme coins are often affected by rumors or social media posts.
- Fake Promises: Some meme coins are marketed like they’ll change the world or bring huge profits, but most of the time, this is just hype. You can easily get tricked by promises of huge returns. But in reality, most meme coins don’t have any real use.
- Lack of Regulation: Meme coins aren’t as regulated as bigger coins like Bitcoin or Ethereum. This means anyone can make a meme coin and list it. There’s no one watching over them to make sure everything is legit. Because of this, you might end up trading on a platform or with a coin that isn’t safe.
How to Research Before Trading Meme Coins?
Here’s how you can research meme coins before jumping in.
Step 1. Check the Creator’s History
One of the first things you need to do is find out who made the coin. Look at the creator’s past projects. Are they known for making good coins, or have they been involved in scams before? You don’t want to invest in something made by someone who only cares about making quick money. If the creator has no track record or is anonymous, that’s a big red flag.
Step 2. Look at the Community
A strong community can make a meme coin more trustworthy. Join social media groups, Discord servers, or Reddit to see what people are saying about the coin.
If there are a lot of people talking about it and helping each other out, it could be a good sign. But if the community looks fake or is full of bots, stay away. Real, active discussions mean the coin is getting real attention.
Step 3. Check the Supply and Demand
A coin’s supply is super important. If there’s too much circulating supply, the price could drop quickly. You need to know how many coins are in circulation and how many are left to be released. If the supply is really high, the value might never go up. Look for coins that have a reasonable supply and a plan to manage it.
Step 4. Look at the Coin’s Purpose
Why was the meme coin made? Does it have any real use, or is it just for fun? Some meme coins are made to be used in real-world applications, but most don’t have any real value. If the coin doesn’t offer anything new or useful, it’s probably just another pump-and-dump coin. Avoid these, as they usually crash hard.
Step 5. Check for Red Flags
Look out for red flags like promises of “guaranteed” profits or coins that are only hyped up by influencers. If something sounds too good to be true, it probably is. Scammers use these tactics to get people to invest before they pull out. Always be skeptical when you see extreme hype.
Step 6. Follow the News and Trends
Meme coins can go up because of a tweet or news about a famous person. Keep an eye on the news and social media to see if the coin gets attention from big influencers or events like Elon Musk tweeting about it. But remember, this can also be a risk, as coins can crash just as fast as they rise because of hype.
Conclusion
To sum up, picking the best meme coin trading platform is important for anyone who wants to trade meme coins safely and effectively. The best meme coins buying sites like Binance, MEXC, and Bybit are popular because of their high trading volumes, strong reputations, and large user bases.
Other platforms like KuCoin, Gate.io, and Bitget also offer a wide range of meme coins with competitive fees. Before choosing a platform, it’s essential to do your own research. You should consider factors such as the platform’s security, coins offering, and trading volume.
