Is Banana Gun bot legit?
Banana Gun is a real, operating telegram trading bot. It is embedded-wallet, KYC: none. We found 1 reported incident (listed below). Legit is not the same as low-risk: the coins traded on it can still go to zero.
Checked 2026-10-16 · 10 sourcesThe checklist
| Check | Finding |
|---|---|
| Operating status | live |
| Custody | embedded-wallet |
| Identity check (KYC) | none |
| Known backers | none found |
| Reported incidents | 1 |
| Published fees | yes |
| US availability | unknown |
Custody: who holds your money
Users create a wallet in the bot or import one by private key. The key is shown once at creation and cannot be exported later from the bot. Banana Gun describes itself as non-custodial.
Incidents
- 2024-09-19: Telegram message oracle exploit. Attackers manually drained about $3M from 11 users' bot wallets. Banana Gun traced it to a vulnerability in the Telegram message oracle it used, paused its EVM and Solana bots, patched, added a two-hour transfer delay and 2FA for transfers, and refunded all affected users from its treasury. source
Real downsides
- A September 2024 exploit drained about $3M from user wallets before it was patched.
- Private keys cannot be exported from the bot after the one-time display at creation.
- Public terms do not state which countries are restricted.
- Cashback is paid in the BANANA token rather than the traded asset.
Can you use it where you live?
| Region | Status |
|---|---|
| United States | Unverified |
| United Kingdom | Unverified |
| European Union | Unverified |
Terms limit use to 'Eligible Persons' but the public terms page does not list restricted countries. Terms are governed by English law, with Saint Vincent and the Grenadines courts as fallback jurisdiction. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
How to use Banana Gun without getting scammed
- Only open bananagun.io — fake lookalike sites and "support" DMs are the most common way people lose funds on any trading venue.
- Never share a seed phrase or private key. No real support agent will ask for one.
- A referral code only changes your fee and who gets a share of it. It never needs your keys.
- Treat every new memecoin as able to go to zero. A legit venue does not make the coins on it safe.
Comparing options? See the full Banana Gun sheet or Bloom, Trojan, BONKbot.
FAQ
Is Banana Gun legit?
Banana Gun is a long-running Telegram bot with a BANANA token listed on CoinGecko and CoinMarketCap. Bot wallets are created in the bot, which signs trades. In September 2024 about $3M was drained from 11 users via a Telegram oracle flaw; Banana Gun refunded them from its treasury. No funding round was found.
What are Banana Gun's fees?
Banana Gun charges 0.5% on each successful manual trade and 1% on snipes. There is no subscription. Gas and MEV tips are extra. Cashback of 15% to 30% of fees, based on lifetime volume, is paid in BANANA.
How does the Banana Gun referral program work?
Referrers earn a standard 10% reward on referred users' trading, plus boosts of 10% in a referee's first 30 days, 5% in days 30 to 90, and up to 10% more at high monthly referral volume.
Which chains does Banana Gun support?
Banana Gun lists Ethereum, Solana, BNB Chain, Base, Robinhood Chain, Stable, HyperEVM and MegaETH across both the Telegram bot and the Banana Pro web terminal.
Can I export my Banana Gun private key?
No. Banana Gun's docs say the private key is shown only once when a wallet is generated and cannot be retrieved from the bot afterwards, so it must be saved at creation.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Banana Gun homepage (fees and networks FAQ) — checked 2026-10-16
- Banana Gun Terms of Service — checked 2026-10-16
- Banana Gun Docs: Referrals — checked 2026-10-16
- Banana Gun Docs: Rewards (cashback tiers) — checked 2026-10-16
- Banana Gun Docs: Wallet Setup — checked 2026-10-16
- Banana Gun Docs: FAQs — checked 2026-10-16
- Banana Pro Docs: FAQ — checked 2026-10-16
- The Block: Banana Gun promises to refund $3 million stolen from impacted users — checked 2026-10-16
- Cointelegraph: Banana Gun refunds $3M — checked 2026-10-16
- DefiLlama API: Banana Gun fees — checked 2026-10-16