BasedBot on Robinhood Chain: Setup, Funding, the Token Card, Buying, Selling, Automations and Fees

Written September 6, 2026 from daily use. BasedBot is the Telegram bot we buy and sell with on Robinhood Chain. It creates a wallet for you, bridges funds in from any chain it supports, and turns a pasted contract address into a buy in two taps. This guide covers setup, funding, the token card, buying, selling, the automations worth using, the fees, and the one trade-off you accept by using any bot: it holds your key.

Step 1: Set up the bot and secure the wallet

1. Open the bot through the link above (it carries FullSwing's referral code) and press Start. The bot creates a wallet address for each chain it supports and shows the main menu.
2. Export the private key now. In the wallet menu, choose the export option, copy the key into a password manager or write it down offline, and delete the message from the chat. Never paste it into another bot, a website or a "support" DM. BasedBot's own documentation has a Safety and Security page; the short version is that nobody legitimate will ever ask for the key.
3. Set the active chain to Robinhood Chain. The bot supports 19 networks, Robinhood Chain among them from the chain's first block. Every buy, sell and balance you see is for the active chain, so check it before every session; buying the right contract on the wrong chain is the most common beginner mistake.
4. Set your defaults in Settings: buy presets (say 0.02, 0.05 and 0.1 ETH), sell presets by percentage (25, 50, 100), default slippage, and transaction speed. Robinhood Chain is fast and cheap, so a normal speed setting is fine; save the higher gas tiers for launches where being first matters.

If you prefer a screen to a chat, BasedBot also has a web app (the "Based Terminal") with the same wallet: a Discover page, a Pulse view of new tokens, a token page with chart, trackers, price alerts, and a deposit-and-bridge screen. Log in with the same account; the Telegram bot and the web app move the same funds.

Step 2: Fund and bridge

You do not need to buy anything on Robinhood Chain. Withdraw ETH or USDC from your exchange to the bot's wallet address on a chain the exchange supports (Base and Arbitrum are usually cheapest), then use the bot's Bridge menu to move it to Robinhood Chain. The quote shows what will arrive; that number, not the headline rate, is the one to check. Bridging is not charged the trading fee.

Keep part of the balance as ETH. Gas on Robinhood Chain is paid in native ETH on the chain, and a wallet holding only USDG cannot buy anything until a little of it is swapped to ETH. A few dollars covers many trades. Every route in and out, including from Solana and the seven-day canonical bridge, is in the bridging guide.

Step 3: The token card and the buy

Paste a contract address into the chat. The bot replies with the token card: name and symbol, price, market cap, liquidity, the pool, taxes, and its audit flags (the documentation calls this the Audit feature: contract checks such as whether the contract is renounced, mintable, or carries transfer restrictions). Then the buy buttons with your presets.

• Read the card before the buttons. A sell tax, a mintable contract, or a warning that selling may fail is a reason to close the card. The meme coin research checklist goes deeper on what each flag means.
• Check the quote asset. The card shows the pool. A meme quoted in WETH or USDG has real exit depth; one quoted in another meme or a Stock Token does not, and if you are a US person the Stock Token is something you may not hold. The stock-paired memecoin guide explains why.
• Get the address from the chart, not from a chat. Copy it from the pair page on Axiom or DexScreener and compare the first and last four characters with what the card shows. Tickers repeat on this chain within hours; addresses do not.
• Pick a preset or type an amount in ETH and confirm. The bot returns the transaction hash and your new balance. If it shows an approval succeeded but no tokens arrived, the buy itself did not execute; check the hash on the explorer before pressing again.

Slippage is the worst price you are willing to accept, not a fee. Leave it at your default for normal pools. Raising it to force a fill through a thin pool is how a 5% move on the chart becomes a 20% worse entry in your wallet.

Step 4: Selling, and the automations worth using

The bot keeps a position list. Open the token, choose a sell percentage or type an amount, confirm. The same slippage rule applies, and one more: sell a small slice first on any token you have not sold before. A successful 10% sale is evidence the exit works today. If a sale fails twice, stop; something in the contract or the pool is blocking it, and each retry burns gas. The bot's card and the explorer will tell you which.

BasedBot's automations, in the order we would trust a beginner with them:

• Take profit and stop loss. Set at entry, on every position. The documentation describes selling part or all of a position when a price level is hit; use it to take the emotion out of the exit you already decided on.
• Limit orders. A resting buy below the market or a resting sell above it. Useful on Robinhood Chain's fast pools where you will not be watching.
• DCA. Scheduled buys of a fixed size. Only for tokens that have already survived weeks, not launches.
• Wallet tracker and live channels. Alerts when tracked wallets trade or when a new token is created. Treat these as inputs to the checklist, never as a buy signal on their own.
• Copy trading, snipers and social copy-trading. They exist, they work as described, and they are how most new accounts lose their first balance. A sniper buys before you have read a card; copy trading buys whatever a wallet buys, including its mistakes. Leave them off until you have a month of logged, manual trades.

What it costs

So a $1,000 buy and sell costs about $14 in bot fees before cashback, $9.80 after, plus gas and the pool. That is in line with Axiom's 0.75% to 0.95% net and cheaper than Robinhood Wallet's 0.80% swap fee plus provider fee, but the honest comparison is not the fee, it is the pool: a $30k pool will cost you more in price impact than any of these venues charge.

The workflow we actually use

1. Chart open on Axiom or DexScreener, Robinhood Chain filter on. Find a candidate, copy its address.
2. Paste into BasedBot. Read the card: taxes, audit flags, quote asset, liquidity at your size.
3. Buy a preset size. Set take profit and stop loss immediately.
4. Log it: address, size, price, fee line, hash. The journal template has the columns.
5. Sell by percentage from the position list; test a small slice on a new token first.
6. Bridge profits back out with the same bridge menu when the trading balance grows past what you want in a bot wallet.

Size every trade with the position-sizing guide and a conservative exit assumption. The daily pools page shows what new Robinhood Chain pools do a day later; most lose liquidity, and a stop loss does not help when the pool is gone.

When the bot says no

For failures the card does not explain, the swap-failure page walks the six causes in order.

How FullSwing is paid

The BasedBot links in this guide are FullSwing referral links; they cost you nothing and FullSwing receives a share of the bot's trading fee on your trades. The Axiom link is also a referral link and gives you Axiom's 10% fee discount. BasedBot's documentation site was reachable only through its page index at the time of writing, so feature descriptions here come from that index, the bot's published fee and rewards terms, and our own daily use. No token is recommended on this page.

Sources

• BasedBot documentation: platform fees
• BasedBot documentation: rewards and referral
• BasedBot documentation: safety and security
• BasedBot documentation: buying tokens
• BasedBot documentation: take profit and stop loss
• BasedBot documentation: web app deposit and bridge
• Robinhood Chain documentation: network settings and gas asset