Slerf is another Solana-based meme coin that took the market by storm as soon as it arrived, reaching a $400 million market capitalization and sustaining a trading volume of more than $1 billion.
As Slerf gains more traction and gets listed on more exchanges, people have been asking – where to buy Slerf tokens?
This how–to–buy guide reviews the best exchanges that support Slerf. We also discuss whether it is a worthy asset to invest in and offer a better alternative to the Slerf token.
How to Buy Slerf – Quick Guide
Slerf arrived as a short private sale, after which it landed on 65 different exchanges. Here is a quick guide to buy it.
- Step 1 – Choose a good cryptocurrency exchange: The first step is to check out the reviews we have provided to pick an exchange that suits your requirements.
- Step 2 – Verify your account on the said exchange – Provide the KYC details to verify your account. Make sure the details are accurate.
- Step 3 – Connect your wallet to the exchange – Connect your wallet to the said exchange and go to the exchange’s spot trading feature.
- Step 4 – Buy Slerf tokens – Buy Slerf tokens and transfer them to a more secure DeFi wallet.
Where to Buy Slerf
Slerf may be live on many exchanges, but only a few of these platforms are worth trying out. In this section of our guide, we review 3 main exchanges to have listed Slerf; two among them came to the rescue after Slerf’s developer mistakenly burned the tokens meant for the liquidity pool.
1. MEXC – Listed Slerf in the Assessment Zone
MEXC was one of the latest exchanges to list Slerf shortly after its arrival on major cryptocurrency exchanges.
With a daily trading volume exceeding $5 million, MEXC is the 12th biggest cryptocurrency exchange, surpassing Crypto.com and even Binance.US.
Known for listing new cryptocurrencies with major potential, MEXC added support for Slerf on March 18, adding the SLERF/USDT pair to its spot trading exchange.
Featuring a low fee structure, with a spot trading fee of only 0.1% and a futures maker/taker fee of 0%/0.02%, MEXC offers one of the more affordable options to buy Slerf. However, since Slerf is a minimal-utility token that gained an uptrend solely because of the initial mistake of its developer, it has been added to the assessment zone – a section designed for volatile assets.
This exchange offers a wide array of cryptocurrency assets of diverse niches. Additionally, it offers a Kickstarter program for new tokens and a launchpad for new assets to be created.
Passive income seekers can engage with MEXC’s Savings program, and those looking for loans can use MEXC loans to borrow at lucrative interest rates.
Competitions and events are also common on this cryptocurrency exchange, a prospect that keeps things fresh.
Overall, investors looking for a more streamlined experience in buying Slerf can visit MEXC.com.
Pros
- 12th biggest cryptocurrency exchange by market capitalization
- Has listed Slerf on the spot trading exchange
- Charges a 0.1% maker/taker fees
- Diverse assets supported
- Supports leading crypto assets and features a launchpad as well as a Kickstarter program
- Features an earn program to earn passive gains
- No way to convert crypto into fiat on the exchange
- Not available in multiple countries
2. LBank – Donating SOL to Presale Investors
LBank listed Slerf after answering the call for help from the Slerf developer to aid Slerf’s presale investors.
In addition to listing Slerf on the exchange, LBank also received 1400 SOL tokens to donate to Slerf’s presale participants without needing them to create an account.
We've received 1400 SOL, and LBank's donations will be fully transparent, completed on-chain. $Slerf pre-sale participants won't need to register an LBank account—just keep an eye on your wallets and await the SOL arrival.
Long live Meme community! Memers Assembled!… pic.twitter.com/gr0pC2Dxby
— LBank.com (@LBank_Exchange) March 19, 2024
LBank added a SLERF/USDT spot trading pair and a SLERF USDT-M perpetual contract on March 18, 2024. The trading pair is available at up to 50x leverage, and the funding fee settlement happens every four hours.
As one of the leading cryptocurrency exchanges in the market, LBank is known for giving first-listing opportunities to tokens that have been active as presales for a long time. This was the first exchange of many leading crypto presales that we covered last year.
In addition to spot and leverage trading, LBank also lets investors buy crypto via fiat using bank transfer or debit/credit card.
LBank is also a big supporter of copy trading, allowing users to follow the trading strategies of leading investors. Furthermore, it offers an earn program that lets users earn APY rewards for holding the token.
Those who want to trade autonomously can use LBank’s grid trading facility as well.
Overall, LBank is a good pick for those looking to diversify their investments. For Slerf presale investors, LBank offers an opportunity to redeem earnings they lost due to the removal of the Slerf liquidity pool.
Pros
- Supports new cryptos and presale assets
- Offers spot and leveraged trading opportunities for Slerf
- Offers multiple assets
- Features an earn program
- Supports copy trading
- P2P and buying crypto using fiat are also supported
- The website isn’t very mobile-friendly; downloading an app is required
- Features a complex UI
3. HTX – Dedicating All the Slerf Revenue to Help Presale Investors
Like LBank, Huobi also extended a helping hand to assist those who lost their chance to gain long-term returns from Slerf’s presale. A tweet by Justin Sun revealed that HTX has decided to donate all the trading revenue on HTX Global and allocate it to everyone who participated in Slerf’s private sale.
As No.1 trading markets for @Slerfsol, HTX have decided to donate all Slerf trading revenue on @HTX_Global and allocate it to everyone who participated in private sale on HTX, as well as donate some #HTX for Slerf’s trading fee mining on https://t.co/y7nJ0Tgrcj! User first！
— H.E. Justin Sun 孙宇晨 (@justinsuntron) March 19, 2024
It also added Slerf to the spot trading exchange on March 18, 2024.
Previously known as Huobi, HTX’s rebrand has introduced several new features. A dedicated earning program has been created, assets have become more diversified, and specific rewards have also been added.
With over 45 million users worldwide and a daily trading volume exceeding $5 billion, HTX supports more than 700 cryptocurrencies.
HTX also offers loan-related facilities to users. With HTX Zone, investors can participate in airdrops and gain access to the HTX DAO.
HTX uses a normal tiered fee structure based on 30-day trading volume. Normal users with up to 1,000 BTC worth of monthly trades have to pay a base fee rate of 0.2%. Owning and holding HT tokens, which provide up to a 65% discount, can reduce fees.
Overall, HTX is a suitable cryptocurrency exchange offering multiple perks. The fee rate is good, and users can earn long-term benefits through multiple perks.
Pros
- Supports multiple assets
- Fee structure based on 30-day trading volume
- Earn program available
- Has a DAO
- Crypto loans available
- It has dedicated the entire Slerf revenue to Slerf’s private sales investors
- It is not available in many countries
- Owning HT is required to reduce the fee
What is Slerf
Slerf is the new “Sloth” on the block. It is a Solana-based meme coin focusing on limited utility that’s eyeing becoming the next big crypto.
Introduced as a private sale that ran for only a short while, the project raised $10 million, an uncommon feat in the meme coin space.
However, the fact that Slerf crypto has a unique meme coin offering is the reason for its virality – a big mistake by the Slerf developer.
Removing Slerf’s Entire Liquidity Pool
Slerf’s arrival on the market was met with a lot of fanfare but for all the wrong reasons,
The founder of this sloth-themed meme coin revealed on Twitter that he had mistakenly sent all the Slerf tokens reserved for the liquidity pool to the burn addresses.
But instead of being disparaged by the crypto community, he apologized and asked for help. This honestly allowed more investors to rally around Slerf and pump its value.
Exchanges like LBank and HTX also arrived with a helping hand to aid Slerf’s private sale investors.
This resulted in Slerf becoming exposed to more investors, which further bolstered its movement on the price charts.
How to Buy Slerf Token – Complete Guide
Here is a complete guide to buying Slerf tokens.
Step 1 – Choose a Cryptocurrency Exchange
Use our mini reviews as a reference point in order to find a cryptocurrency exchange that suits your requirements. Once you have picked an exchange, proceed to create an account on the platform.
Step 2 – Verify your Account
Most centralized exchanges are bound by regulations to ask for KYC details. Keep your authentication documents and bills handy and fulfill the KYC requirements.
Step 3 – Connect your Wallet
Connect your wallet to the exchange and make sure that you have enough assets to swap for Slerf tokens. Slerf is only available on exchanges as a trading pair, so buying it through fiat is not currently possible.
Step 4 – Buy Slerf
Once you have attached your wallet to the exchange, proceed to buy Slerf. Transfer it to your wallet straightaway to secure it instantly.
Slerf Price
Soon after it went live on an exchange, the Slerf price went up by more than 10000%. After a small dip and accumulating around the $0.35 range, this meme coin once again became an above-$1 crypto by reaching its all-time high of $1.49.
Dextools show that Slerf has once again gone down. However, continuous engagement on social media and the fact that the blunder caused by Slerf dev is still fresh has been keeping Slerf squarely around the $0.83 mark.
Slerf Price Prediction
Thanks to its unique attributes, Slerf has attracted many people. However, it is merely a simple meme coin whose recent virality is only due to continued exchange support.
Therefore, this token is unlikely to stay up for long. Even though the crypto community is working hard to keep it afloat, a drop might come at any time, possibly after all the presale participants are reimbursed.
We predict Slerf will reach closer to its launch price or around the $0.05 mark once the current traction subsides.
Is Slerf a Good Investment?
The short-term gains Slerf has been able to make might make it seem like a good investment at the moment.
The price increase it has witnessed is uncommon, especially at a time when Bitcoin has stepped back from its all-time high of $70k.
However, the current price action doesn’t give us any view of its long-term potential. It is a simple meme coin with little to no fundamentals. And considering that the liquidity pool is now gone, there is no long-term reason to invest in this token.
Therefore, investors are better off looking at alternatives like Dogecoin20.
Dogecoin20 – A Better Alternative to Slerf
One of the best meme coins that have emerged as a presale this year is Dogecoin20. Sporting the same aesthetics as the crowd’s favorite DOGE, Dogecoin20 is Dogecoin on the Ethereum blockchain.
While Dogecoin20 has the same initial supply and emission schedule as the original Dogecoin, it introduces staking, giving users long-term perks.
Secondly, unlike Slerf, which raised $10 million in its private sale that ran for a single day, Dogecoin20 is part of a multi-staged presale, which gives all an equal chance to participate.
So far, the token has raised more than $3.5 million and is currently available at a discount price of $0.0002, making it a good buy for those looking for a meme coin that could make gains before listing.
Those who are interested in this unique project should visit dogecoin20.io.
The Verdict
Slerf is now having its moment in the sun thanks to its recent virality. However, it may not exist for longer as its long-term staking perk no longer exists.
Therefore, Dogecoin20 is a better alternative to this token. Not only does it have presale staking, but it is also available as a public sale, allowing all investors to participate.
FAQs
What is Slerf?
Slerf is a recently-launched meme coin that took the market by storm, achieving a $400 million market capitalization and a $1 billion daily trading volume. It has no utility and has been listed on multiple cryptocurrency exchanges.
Is Slerf a good investment?
Even though Slerf has pumped immensely following its release on cryptocurrency exchanges, it has no fundamentals to give it a long-term perk. Therefore, while it may be a good asset for day traders, long-term profit seekers should consider other options.
Which is the best alternative to Slerf in the market?
The best alternative to Slerf in the present time is Dogecoin20. It is a DOGE-inspired meme coin with the same fundamentals as Dogecoin but on the Ethereum blockchain. It has staking as its long-term utility, allowing investors to earn passive gains through APY. Furthermore, the token's appeal on social media is positive, which could introduce more use cases to the ecosystem.
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