How to Buy Jupiter (JUP): Solana's DEX Aggregator Token
Jupiter is a popular swap aggregator on the Solana network, and JUP is its governance token. We explain how the service works, what risks the token carries and how to buy it step by step.
What Is Jupiter
Jupiter is an aggregator of decentralized exchanges on the Solana network. When you swap one token for another, it automatically looks for the best route across different liquidity pools. Besides swaps, it offers limit orders, recurring buys and perpetual futures trading.
The JUP token was distributed to users through a large airdrop in early 2024. Holders vote in the project's DAO on how it develops. JUP does not give you a share of the service's revenue.
For more on the network itself, see how to buy Solana.
What Makes JUP Risky
- Dependence on Solana. Outages or fading interest in the network hit Jupiter too.
- Unlocks. A large share of the tokens enters the market gradually and can weigh on the price.
- Competition from other aggregators and wallets with built-in swaps.
- Volatility, as with most altcoins.
Buying JUP: Step-by-Step Guide
- Account. You need a major exchange with a liquid JUP/USDT pair. No account yet? See how to open a crypto exchange account.
- Security. Verification, an authenticator app and an anti-phishing code, all before you fund your balance.
- USDT. Buy it via P2P or with a card: how to fund your account via P2P.
- Order. Spot → JUP/USDT → limit order. To decide how much to buy, read how to calculate position size.
- Stop-loss. In trading, it's mandatory on every trade. How to choose the levels: take-profit and stop-loss. Aspiro Trade has signals on 45 assets, each listing the entry, target and stop-loss up front. Check the app to see whether the coin you want is covered.
- Storage. JUP is a Solana token. Withdraw it to a Solana wallet specifically on the Solana network, and leave a little SOL for fees.
How to Store JUP
| Your goal | Best place to keep it | Key rule |
|---|---|---|
| Trading, short-term trades | In your exchange spot account | 2FA and a unique password |
| Holding for months | A Solana wallet | Write the seed phrase on paper and never show it to anyone |
| Large amount | Hardware wallet | Buy only from an official seller |
Our partner link. If you decide to open an OKX account, please sign up through it: it's free for you and doesn't change any of the terms. If you trade, the exchange pays Aspiro a partner bonus, which goes toward developing our apps and the free Academy. We have no access to your account, your money or your trades.
- Understand what JUP is for before you buy.
- Invest only spare money you can afford to lose.
- Trading? Always use a stop-loss. Holding long term? Keep it in your own wallet.
- Double-check the network when withdrawing.
Frequently Asked Questions
Do I need JUP to swap tokens on Jupiter?
No. Swaps work without JUP, and network fees are paid in SOL. The token is used for voting in the DAO.
Can I buy JUP directly on Jupiter?
Yes, but you need your own wallet with SOL for that. For a beginner, it's easier to buy JUP on a centralized exchange for USDT.
How do I avoid buying fake JUP?
Buy on a major exchange in the JUP/USDT pair. On Solana, it's easy to issue a token with a similar name.
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