Automated trading
How to use Magnum
Magnum is pretty advanced, and offers more than just a simple trading bot, there is a option to do copy trades as well incase you want to copy a whale or someone who is a profitable trader.
Magnum is accessible thru web app, mobile app and telegram bot.
How to use Magnum
Start with Magnum
First thing you would need to do is visit the bot on Telegram. Click on the link below to visit the bot directly on Telegram. It may be wise to pin this bot in one of your folders.
Wallet setup
Setup your wallet with Magnum by typing: /start > Here you will have two different options both are easy to configure. Magnum offers more than one blockchain however we stay focussed on SOL.
Create a Wallet
Setup your wallet with Magnum type: /start > Create Wallet > SOL (Magnum offers more). Choose a name for the wallet. Your wallet will show up including private key and seed phrase.
Import a Wallet
When importing a wallet you would need to give it a name as well. Once thats done you can paste or add your private key to the bot and it will automatically connect with your wallet of choice.
Buying Solana Tokens
Once you joined a few channels that provide you with fresh pairs and new liquidity burns you can start your adventure and buy these tokens with just one click.
Selling Solana Tokens
Incase you would like to sell your tokens just open the Magnum Wallet Bot and with one click you can sell your complete bag or a percentage of your bag It is possible to place auto sell orders with Magnum.
Alternative Telegram Trading Bot for SOL
1. BONKbot
BONKbot is one of the most used bots on the Solana chain, its easy to understand because there are not many options. It’s just buy and sell and see your portfolio.
2. Maestro
Meastro Trading bot can be used for many chains and is already used by a lot of people. They ain’t that big on SOL but we think this will change. This bot offers scraping and limit orders.
3. Trojan
Trojan is a great bot if you know what your’e doing. Incase you are new it is also easy to understand the basics so most will manage. Also there are some tutorials that can help you.
4. Tirador
Tirador trading bot goes that extra mile, use their channels and you will always be the first at any launch. Tirador is new fully in development but they offer a stable tradingbot.
5. TradeWizz
TradeWizz one of the best copy trading bots for Solana. TradeWizz Provides you with a fast and secure trading experience on the Solana Blockchain. Start today with TradeWizz.
How to add funds to your Magnum wallet bot
Incase you have chosen to create a new wallet you would need to send funds to that wallet. Without any funds it is not possible to make any trades. Type: /start > Tap My Wallets > My SOL Wallets > you will see your wallet address. When you transfer SOL into that account you will be able to trade.
How to export your private key with Magnum
To Export your private key on Magnum Trading Bot Type: /start > Tap My Wallets > My SOL Wallets > Click on the name (you gave it) > Tap Export wallet. Here you will find all info to export your wallet to your main wallet.
Backup Bots Magnum
At this moment there are no backup bots available for Magnum.
I bought a token which turned out to be a scam
If you are trading fresh pairs this is inevitable, however there are certain tools online that can help you to keep your wallet(s) clean. Please visit our Usefull Tools section for more information.
