How to Trade on NEAR with a Telegram Bot: Setup to First Fill
NEAR is live on Banana Gun. This guide covers everything from opening the bot and funding a NEAR wallet to executing your first buy and reading the confirmation using Banana Gun, a bot that has processed over 24 million trades and $16 billion in lifetime volume.
Why trade NEAR through Telegram?
A Telegram trading bot connects to decentralized exchanges and executes trades on your behalf through chat commands. When you place a buy, the bot signs and broadcasts the transaction, handling RPC connections, gas estimation, and routing automatically.
On NEAR, speed is the point. The chain produces blocks in well under a second, with finality following almost immediately, and its token market moves quickly when new launches catch attention. The bot's job is getting your transaction into the block before the price moves, which is where Banana Gun's execution speed on NEAR earns its keep.
The trade-off to understand upfront is custody: the bot holds or accesses your private key, so platform security matters. More on managing that risk in the FAQ.
Opening the bot and creating a NEAR wallet
Search for @BananaGun_bot on Telegram or open it directly. Tap Start, and the main menu appears. Your Telegram account is the login.
Here NEAR differs from the EVM chains you may know. NEAR doesn't use 0x addresses: accounts are either human-readable names ending in .near or 64-character implicit addresses. Your Ethereum or Base wallet won't carry over. Create a fresh NEAR wallet in the bot (or import an existing NEAR key), then select NEAR as your active chain before doing anything else.Open the Wallet section, copy your NEAR address, and send funds from an exchange or another wallet. The asset to send is NEAR itself. When withdrawing from an exchange, double-check you've selected the NEAR Protocol network, not an ERC-20 or BEP-20 version of the token.
One NEAR-specific detail: the network reserves a small amount of NEAR as a storage deposit the first time you hold a new token. It's a tiny amount per token, but it's one more reason to fund slightly above your intended trade size. A good starting balance covers one or two trades plus headroom for fees and a retry.
How do you fund a Telegram bot wallet?
Open the Wallet section, copy your NEAR address, and send funds from an exchange or another wallet. The asset to send is NEAR itself. When withdrawing from an exchange, double-check you've selected the NEAR Protocol network, not an ERC-20 or BEP-20 version of the token.
One NEAR-specific detail: the network reserves a small amount of NEAR as a storage deposit the first time you hold a new token. It's a tiny amount per token, but it's one more reason to fund slightly above your intended trade size. A good starting balance covers one or two trades plus headroom for fees and a retry.
How do you find a token to trade inside the bot?
Paste the token's contract account directly into the bot. On NEAR, token contracts are account names rather than hex strings, which makes them easier to read, but also easier to imitate, so impersonation is the thing to watch for. Banana Gun instantly displays the token name, current price, liquidity, and a basic security scan.
Always verify the contract account from the project's official channels or a reputable listing site before buying. The bot's built-in search works too, but pasting the verified contract is the reliable path, especially for tokens that launched minutes ago.
Setting your buy: amount, slippage, gas
Enter your buy amount in NEAR and choose a slippage tolerance. For liquid tokens, 1–3% is usually enough; newer or thinner tokens may need 5–15%, with the usual caveat that wider slippage makes your trade a softer target for sandwich attacks. On fresh NEAR launches with liquidity still building, expect to sit toward the higher end.
Gas on NEAR is cheap and predictable. Fees are a fraction of a cent and don't spike the way EVM gas auctions do, so the default setting is fine for nearly all trades.
Executing and confirming
Tap Buy. The bot signs and broadcasts, and on NEAR the confirmation typically lands in a second or two, with a transaction hash you can open in a NEAR explorer.
Check three things: the transaction succeeded, the token amount you received, and the effective price you paid. If a trade fails, the usual suspects are slippage set too low for how fast the price moved, a NEAR balance that couldn't cover the trade plus fees and storage deposit, or a token contract whose transfer logic blocked the swap.
Frequently Asked Questions
Is it safe to give a Telegram bot my private key?
It depends on the bot, reputable ones encrypt stored keys and publish audits. The best practice is a dedicated trading wallet holding only what you intend to trade, never your main holdings. If the bot is ever compromised, your exposure is capped at the trading balance.
What's a storage deposit and why did my balance dip slightly?
NEAR charges accounts for the on-chain storage they use. The first time you receive a new token, a small amount of NEAR is reserved to register that token with your account.
What should I set slippage to?
1–3% for liquid tokens; 5–15% for volatile or low-liquidity ones. Wider tolerance fills more reliably but gives sandwich bots more room, so treat high slippage as a per-trade decision rather than a default.
What happens if my transaction fails?
The trade doesn't execute, and you pay the small gas fee for the attempt. On NEAR, a negligible amount. Adjust slippage or check your balance covers trade + fees + storage, then retry.
Does the bot work the same on mobile?
Yes. The interface is Telegram itself, so iOS, Android, and desktop are identical. That's one of the main practical edges over browser DEX interfaces on mobile.
Can I reuse one wallet across several bots?
You can import the same key into multiple bots, but every added bot multiplies the attack surface. One dedicated wallet per bot is the cleaner setup.
