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.
Also read:Solana Price Prediction
Popular video guides on buying Solana (SOL)
Where to buy Solana (SOL)?
Also read: Check Solana prices live
1. eToro
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.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2007 |
| Deposit Methods | eToro Money, Credit/Debit Cards, PAYPAL, NETELLER, RAPID TRANSFER, SKRILL |
| Deposit Fees | None |
| Cryptos Listed | 30+ Cryptos |
| Trading Fees | 1% |
| Fiat Currencies Supported | Australian Dollar, Swiss Franc, Canadian Dollar, Czech Koruna, Danish Krone, Pound Sterling, etc.(17+) |
| Trustworthiness | Safe |
2. Coinbase
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.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | June, 2012 |
| Deposit Methods | PayPal, Debit/Credit Cards, Wire Transfers, Apple/Google Pay |
| Deposit Fees | 0 |
| Cryptos Listed | 170 |
| Trading Fees | 1% |
| Fiat Currencies Supported | EUR, USD, GBR |
| Trustworthiness | Safe |
3. Binance
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.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 3rd September 2017 |
| Deposit Methods | Bank Deposit, Credit/Debit Card, PTP Trading |
| Deposit Fees | None |
| Cryptos Listed | 600 |
| Trading Fees | 0.1% |
| Fiat Currencies Supported | 27 |
| Trustworthiness | Safe |
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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