Many crypto traders, especially newbies, prefer centralized exchanges (CEXs) to decentralized exchanges (DEXes), and this is understandable because initially, most DEXes had complex interfaces. Moreover, the need to connect your crypto wallet first before trading makes some traders skeptical—they’d need to trust your DEX enough to connect their wallets to it.
Well, in recent times, DEXes have become more valuable than before, thanks to DeGens, and so, a butt-load of traders, including newcomers, tend to learn how to use DEXes first, even before moving to CEXs. DEXes make trading memecoins and DeGen coins easier, which is where the real money is in today’s crypto markets. However, DeGening and memecoin trading require you to be pretty knowledgeable about the high risks involved.
Now, back to our main topic: How to trade Solana and BNB memecoins. Memecoin trading is mainly done on decentralized exchanges, and each DEX has specific crypto blockchains it supports. For example, if you want to trade Solana memecoins, the best place to do that is on Raydium or Jupiter, and if you’re hunting BNB memecoins, your best resorts are PancakeSwap, 1inch, MoonX by BYDFi, and a couple of others.
The Top 7 Ways To Trade MemeCoins on Solana and BNB Chain
There are plenty of places to trade Solana and BNB memecoins nowadays, including on certain CEXs; this article reviews some of the best exchanges (DEX and CEX) where you can trade new and old projects on the Solana or Binance BNB blockchain.
1. Dex Screener (Visit)
Dex Screener is a reliable decentralized exchange to find newly minted memcoins and degens. It offers real-time analytics and supports multiple blockchains, including Ethereum, BSC, Solana, Avalanche, and more. The DEX auto-lists fresh pairs while providing TradingView-powered charts, order-book visuals, and wallet-connect trade routing.
One of the things to love about this DEX is how the interface is arranged; you can quickly navigate to top gainers or top losers, browse newly listed pairs, and select the pairs you want to trade based on their blockchain category. Of course, you can add to watchlists and access other impressive features with Dexscreener.
Pros:
- Lists new pairs immediately for early entry seekers
- On-chain transparency via integrated wallet routing
- Custom alerts & watchlists
- Swift navigation from the home page
Cons:
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No mobile app available
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The DEX also lists “unaudited” tokens, which are prone to rug pulls.
2. BYDFi’s MoonX
BYDFi (Build Your Dream Finance) is a hybrid CEX-DEX platform that allows you to easily switch between trading on a centralized environment and trading on a decentralized environment—MoonX. It offers a smooth user interface and comes with easy navigation tools.
Launched by BYDFi, a Singaporean crypto exchange operating in 150+ countries, MoonX is a reliable trading platform for memcoin chasers, degens, and every other regular crypto trader. Particularly, MoonX supports only two blockchains: Binance Smart Chain (BSC) and Solana smartchain (SOL).
It boasts zero trading fees during launch periods, offers engaging features such as hot trend discovery, risk screening, smart-money tracking, copy-trading, and one-click execution to optimize trade flows for traders at all levels.
MoonX also allows you to peek into DEX Screener for informed trading decisions. There’s no better time to explore on-chain trading with BYDFi’s MoonX than when you’re looking for the next 10X memecoin to buy on the Solana or BNB blockchain.
Pros:
- You can switch to CEX mode anytime, easily.
- Provides advanced analytics for degens and memecoins
- Easy switch between BSC and SOL smartchain projects
- Copy trade and view smart monies and KOLs’ activities
- Super-intuitive interface
- Cross-device secure trading
Cons:
- The zero-fee periods may attract speculative volume spikes
- This is a CEX-backed DEX tool, and not too many memecoin aficionados like CEX affiliations.
3. Raydium (Visit)
Raydium is relatively new, but it quickly became popular because it was the premier AMM on the Solana blockchain. The DEX offers seamless integration of permissionless liquidity pools with OpenBook’s on-chain order book to deliver optimal swap routing and deep liquidity for Solana degen projects.
However, Raydium is only for Solana trading; you can’t trade any other chain’s project on the DEX. Traders can also access perpetual contracts on Raydium. It is quite a multi-purpose traders’ haven for Solana aficionados, and you can exit your positions with minimal fees and latency.
Pros:
- Raydium is one of Solana’s most trusted DEXs at the moment
- Offers $USDC perpetual contracts
- Enables swift project launches on the Solana blockchain via LunchLab
- Supports bridging to blockchains like Ethereum, Base, Optimism, Arbitrum, and Polygon
Cons:
- Most projects launched on Raydium LunchLab are rugged.
- Its most profitable trading features are complex to utilize (e.g., advanced CLMM vs. CPMM pools).
- Raydium is mainly for professional traders, not newcomers.
4. Pancakeswap (Visit)
Before Solana and its degen minions got widespread popularity, oldies were using PancakeSwap and UniSwap for decentralized trading activities, mostly on BNB and ETH blockchains. PancakeSwap is a leading BSC DEX for BNB memecoin hunters. The exchange has been around for a long time and offers one of the simplest degen trading interfaces.
As an OG DEX, PancakeSwap offers a butt-load of features and is home to a plethora of BSC memecoins and ALTs. Also, PancakeSwap supports many other blockchains aside from BSC and SOL; it supports Optimism, Arbitrum, Ethereum, Aptos, Base, Linea, and others. You can trade, bridge, and stake on PancakeSwap.
Pros:
- Offers an all-in-one DEX ecosystem
- Low swapping/trading fees (0.2%)
- Allows users to farm LP tokens, participate in IFOs, and win via lotteries
- Multichain support for Polygon zkEVM, Ethereum, and other L2s
Cons:
- Doesn’t offer a “Market” overview tab to view all available memecoins on its platform
- Heavily reliant on BSC’s governance and Binance CEX
5. Dex View (Visit)
This is pretty much similar to DEX Screener, but it’s unique in its own way. Dex View is a mobile-friendly decentralized exchange where you can hunt and trade newly-launched BNB and SOL memecoins. The DEX actually supports multiple chains and not just BNB and SOL. So, you can expand your search to other blockchains.
A click or tap on the New Pairs menu option takes you to a constantly refreshed page of newly-launched memecoin pairs across multiple chains. DEX View is in affiliation with PinkSale; it is more operational as a data layer, aggregating order books and price feeds from tier-one DEXs: PancakeSwap, UniSwap, 1inch, and many others.
Pros:
- Mobile-friendly UI with mobile app support
- Supports a vast array of pairs across Ethereum, BSC, Solana, and EVM-compatible chains
- Offers direct links to PinkSale and other launchpads for quick trading
Cons:
- Dex View actually redirects you to other DEXs to carry out your trades, it doesn’t offer native swapping.
- High swapping fees and latency due to redirections
6. DEXTools.io (Visit)
True degens and memcoiners love DEXTools because it appears like a premium place to carry out memecoin trades. DEXTools is like PancakeSwap; it is an OG decentralized exchange for Ethereum, but also supports BNB Smart Chain and multiple other chains, including Solana.
The platform provides real-time pair trackers, social sentiment gauges, wallet replicators, and multi-exchange routing for MemeCoin research. The interface is intuitive and easy to navigate; you can filter coin searches based on project type, blockchain, and other filters.
Pros:
- Integrates with multiple DEXs like Uniswap and PancakeSwap for best-price execution
- Impressive, intuitive interface for swift trading
- Multichain support
- Monitor live new pairs listed on Solana exchanges in real time
Cons:
- There have been historical incidents of undetected rug pulls on the exchange
- The exchange has premium features that require payment to access
7. 1inch (Visit)
Similar to PancakeSwap in terms of trading interface, 1inch is a top DEX for degening across blockchains. It supports both BSC and SOL chains, as well as other popular blockchains. 1inch offers a resourceful Developer’s Portal for crypto devs and other advanced tools for professional traders.
1inch supports SOL blockchain trading in “Simple Mode,” and if you switch to “Advanced Mode,” you can only have ETH, BSC, and some L2 chains to trade on. Regardless, many traders love 1inch for its simplicity and the availability of a mobile app for Android and iOS devices.
Pros:
- Offers aggregated liquidity, pulled from other DEXs like Raydium, PancakeSwap, ApeSwap, and others.
- Proprietary PathFinder routing engine helps to optimize trading costs.
- Gas token rebates for supported chains
- Built-in limit orders and stop-loss option for risk management
Cons:
- The multi-leg routing process can incur variable fees in most cases
- Relies on other DEXs for data
- The advanced trading features require good knowledge
Notable Mention: MEXC
While not a DEX, MexC is a centralized exchange that lists memecoins much faster than any other CEX. The exchange has a strong footprint in the MemeCoin space, offering low fees, minimal KYC requirements, and an intuitive interface. Also, MexC offers a DEX+ plaform for Solana degen trading at low fees.
There aren’t many centralized exchanges listing Memecoins in futures as fast as the MexC exchange does. While constant rug pulls are an issue with some of MexC’s new listings, it’s still a top destination for traders trading on the Solana or BNB blockchain.
What More?
These are some of the most reliable exchanges you will find and trade SOL or BNB memecoins at ease. Of course, everyone’s choice differs, but any exchange you choose from this listicle provides a good number of memecoins, plus new listings across BSC and SOL blockchains.
Got any other personal favorites or a top degen exchange you thought we could have mentioned? Let’s have them in the comments section below.
