Automated Trading
How to use Magnum
Magnum is a solid and advanced Telegram Trading bot for Base, and is more than just a simple trading bot, there is a option to do copy trades, sniping and much more. Use the copy trade function to copy any profitabel trader or influencer. Magnum is accessible thru web app, mobile app and telegram bot.
How to use Magnum on Base
Start with Magnum
First thing you would need to do is visit Magnum trading bot on Telegram. Click on the link below to visit the Magnum directly on Telegram. It may be wise to pin this bot in one of your folders.
Base 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 Base cbETH.
Create a Wallet
Setup your wallet with Magnum type: /start > Create Wallet > BASE (Magnum offers more). Choose a name for the wallet. Your wallet will show up including private key and seed phrase.
Import a Base 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 Base 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 Base Tokens
Incase you would like to sell your tokens just open the Magnum trading bot and with one click you can sell your complete bag or a percentage of your bag and recieve cbETH in your wallet.
How to add funds to your Base wallet
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 BASE Wallets > you will see your wallet address. When you transfer cbETH 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 BASE 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.
How to get cbETH so I can trade on Base
In order to trade on the Base network you would need to bridge some of your crypto to cbETH. We recommand to bridge your funds at the official base website, however you can also choose another bridge service.
How to configure Base Mainnet in my main wallet
These are all the details you need for Base Mainnet:
- Network Name: Base Mainnet
- RPC Endpoint: https://mainnet.base.org
- Chain ID: 8453
- Currency Symbol: ETH
Block Explorer: https://basescan.org
I bought a token which turned out to be a scam
If you are trading fresh pairs this is inevitable, some devs remove liquidity or create a honeypot allways do some research if you are aping risky Base plays.
