Getting Started Guide
This comprehensive guide will walk you through everything you need to know to place your first trade on MemeMarket. From setting up a wallet to understanding the interface, we've got you covered.
💡 Pro Tip
Already have a Solana wallet funded with SOL? You can skip straight to Step 3: Connecting.
Prerequisites
Before you begin, ensure you have the following:
- A computer or mobile device with internet access.
- A modern web browser (Chrome, Brave, Firefox, or Edge).
- A small amount of fiat currency (USD, EUR, etc.) to purchase SOL.
Step 1: Wallet Setup
MemeMarket is a Web3 application, meaning you log in with a crypto wallet, not an email and password. We recommend Phantom for its ease of use and security.
1. Download Phantom
Visit phantom.app and install the browser extension.
2. Create a New Wallet
Open the extension and click "Create a new wallet".
3. Secure Your Seed Phrase
⚠️ CRITICAL STEP
Write down your 12 or 24-word recovery phrase on paper. Store it somewhere safe. Never share this phrase with anyone. MemeMarket support will NEVER ask for it.
Step 2: Funding Your Wallet
You need SOL (Solana's native token) to pay for transaction fees and to place bets.
Option A: Buy within Phantom
Click the "Buy" button in Phantom and use MoonPay or Coinbase Pay to purchase SOL with a credit card.
Option B: Transfer from Exchange
If you have funds on Binance, Coinbase, or Kraken:
- Buy SOL on the exchange.
- Go to "Withdraw".
- Copy your Phantom wallet address (starts with a random string like
HN7c...). - Select "Solana" network.
- Send the funds.
Step 3: Connecting to MemeMarket
Now that your wallet is ready:
- Navigate to MemeMarket home page.
- Click the "Connect Wallet" button in the top right corner.
- Select Phantom from the popup list.
- A Phantom window will appear asking for permission. Click "Connect".
Once connected, you will see your wallet balance displayed in the top bar. You are now ready to trade!
Step 4: Placing a Bet
Find a market that interests you. Let's say you see: "Will $PEPE break $0.000015 today?"
If you think YES (Up):
You believe the price will go higher than the target.
- Buy YES shares.
- Profit if price > target at expiration.
If you think NO (Down):
You believe the price will stay lower or drop.
- Buy NO shares.
- Profit if price < target at expiration.
The Interface Explained
1. Enter Amount: Type how much SOL you want to wager.
2. Review Odds: Check the "Potential Return". If the odds are 60%, a 1 SOL bet pays out ~1.66 SOL if you win.
3. Confirm: Click "Place Order" and approve the transaction in your wallet.
Step 5: Monitoring & Exiting
You can track your active positions in the "Portfolio" tab.
Unlike traditional sports betting, you don't have to wait until the end! If the market moves in your favor, the value of your shares will increase. You can sell them early to lock in profits.