How to buy Solana | Buy Solana in Three easy steps

Our step-by-step guide on how to buy Solana(SOL)

Solana is one of the best-performing digital currencies in recent years, increasing by approximately 2,000% in 2021 alone. It is ranked third among the top ten cryptocurrencies in terms of market capitalization. It includes a number of initiatives related to non-fungible tokens (NFTs), decentralized finance (DeFi), and Web 3.0. On top of that, it can touch transaction speed of close to 50,000 transactions per second making it miles ahead of Ethereum and Bitcoin.

How to buy Solana in three easy steps?

Step 1 – Choose a cryptocurrency exchange

Step 2 – Create a new account and fund it

Step 3 – Buy Solana

Step 1 - Choose a cryptocurrency exchange

The initial step is to choose a cryptocurrency exchange. Crypto exchanges are platforms that allow cryptocurrency trading by acting as a middleman between buyers and sellers. When picking which platform to use, consider variables such as costs, simplicity of use, and features before making a decision.

Step 2 - Create a new account and fund it

You must now open an account with the cryptocurrency exchange. Simply enter your personal details to get started. Regulated platforms use a KYC procedure, which requires you to submit a photo of your photo ID in order for your identity to be verified. Then, on the deposit screen, select your preferred payment method to fund your account.

Note: If you are using a credit card for transactions, then your card company might view the transaction as a cash advance, and you might end up paying cash advance fees and a higher APR.

Step 3 - Buy Solana

You are now able to make a purchase after funding your account. Look for the trading pair for Solana and your invested currency on the platform. Create a market order to purchase Solana at the current price, or use a limit order to establish a future price to buy at. Simply enter the amount to be purchased and click the “Buy” button.

Popular video guides on buying Solana (SOL)

Where to buy Solana (SOL)?

1. eToro
etoro crypto exchange

eToro, a registered online broker founded in 2007, is at the pinnacle of our list of the greatest sites to acquire Solana coins. The best part is that you will be able to purchase Solana on a spread-only basis, which means that your charge will be the difference between the buy and sell prices at the moment of the transaction, rather than traditional fees. Furthermore, there are no deposit fees when financing your eToro account in US dollars.

Header 1Header 1
Operational Since2007
Deposit MethodseToro Money, Credit/Debit Cards, PAYPAL, NETELLER, RAPID TRANSFER, SKRILL
Deposit FeesNone
Cryptos Listed30+ Cryptos
Trading Fees1%
Fiat Currencies SupportedAustralian Dollar, Swiss Franc, Canadian Dollar, Czech Koruna, Danish Krone, Pound Sterling, etc.(17+)
2. Coinbase
coinbase crypto exchange

Solana can also be purchased on Coinbase's controlled exchange. Buying Solana through Coinbase is quick, safe, and simple. This cryptocurrency exchange is ideal for newcomers to cryptocurrencies who want a straightforward buying and selling experience without having to deal with the complexity of external wallets and decentralized exchanges.

Header 1Header 1
Operational SinceJune, 2012
Deposit MethodsPayPal, Debit/Credit Cards, Wire Transfers, Apple/Google Pay
Deposit Fees0
Cryptos Listed170
Trading Fees1%
Fiat Currencies SupportedEUR, USD, GBR
3. Binance
binance crypto exchange

In Forbes Advisor's finest staking platforms, Binance.US is placed among the top exchanges for staking. If you are looking for safe, secure and low fees platforms to purchase Solana then Binance should be your first choice.

Header 1Header 1
Operational Since3rd September 2017
Deposit MethodsBank Deposit, Credit/Debit Card, PTP Trading
Deposit FeesNone
Cryptos Listed600
Trading Fees0.1%
Fiat Currencies Supported27

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Frequently Asked Questions

Where can you buy Solana with a credit or debit card?

You can buy Solana with a credit or debit card from cryptocurrency exchanges like eToro or Binance.

What will you need to buy Solana?

To buy Solana, you will need to create an account by entering your email address and other KYC details on exchanges like Binance or Coinbase.

What is the easiest way to buy Solana?

The easiest way to buy Solana is to create an account on a platform like Binance or eToro and fund it.

Best wallets to store your Solana (SOL)

The best wallets to store your Solana(SOL) are Phantom Wallet or Solflare Wallet.

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