Setting Up Your First Trade on Axiom: Step-by-Step Guide

Setting Up Your First Trade on Axiom: Step-by-Step Guide

Learn how to set up and execute your first trade on Axiom with this comprehensive step-by-step guide for beginners.

New to Solana trading? This step-by-step guide will walk you through setting up your wallet, connecting to Axiom, and executing your first trade. By the end, you’ll be ready to navigate the exciting world of memecoin trading with confidence.

Step 1: Set Up Your Wallet

Before you can trade on Axiom, you need a Solana-compatible wallet. Here are your options:

  • Phantom Wallet: Most popular, user-friendly browser extension
  • Solflare: Feature-rich alternative with mobile app
  • Axiom Smart Wallet: Email-based login via Web3Auth (no extension needed)

Step 2: Fund Your Wallet

You’ll need SOL (Solana’s native token) for two purposes: trading capital and transaction fees (gas). Here’s how to get SOL:

  1. Buy on a centralized exchange (Coinbase, Binance, Kraken)
  2. Withdraw to your Phantom/Solflare wallet address
  3. Start with at least 0.1 SOL for fees + your trading amount

Step 3: Connect to Axiom

  1. Visit axiom.trade (always verify the URL!)
  2. Click ‘Connect Wallet’ button in the top right
  3. Select your wallet (Phantom, Solflare, etc.)
  4. Approve the connection in your wallet popup

Step 4: Execute Your First Trade

  1. Search for a token using the search bar or browse trending tokens
  2. Review the token chart, bundle checker, and social data
  3. Enter the amount of SOL you want to spend
  4. Set slippage tolerance (start with 1-2% for most tokens)
  5. Click ‘Swap’ and confirm in your wallet

Understanding the Interface

  • Price Chart: Real-time price action with customizable timeframes
  • Bundle Checker: Shows sniper supply and potential risks
  • Twitter Feed: Social sentiment and mentions
  • Trade History: Recent buys and sells

Common Mistakes to Avoid

  • Not verifying the website URL (phishing risk)
  • Setting slippage too low (transaction may fail)
  • Ignoring the bundle checker (high sniper supply = high risk)
  • Trading with money you can’t afford to lose
  • Not keeping enough SOL for gas fees

Next Steps

Congratulations on your first trade! Now explore Axiom’s advanced features like wallet tracking, limit orders, and the Twitter tracker to level up your trading game. Remember to always do your own research and never invest more than you can afford to lose.