Where to buy Solana
You can purchase Solana from many different crypto exchanges or brokers. See the table below for a selection of recommended trading platforms where you can buy SOL.
Why buy Solana?
Due to its wide-reaching utility and real-life applications via dApps, in 2021 Solana rocketed into the top ten cryptos by market capitalisation.
Cheaper and faster than Ethereum, many developers have already migrated their dApps to Solana. Beyond this, its NFT platform has enjoyed exponential growth with marketplaces such as Solsea, Solanart and Magic Eden bringing more investors and artists into Solana’s ecosystem.
Thanks to Solana’s low fees, things like trading, minting NFTs and transferring assets has become easier. By reducing the barrier to entry many would-be crypto enthusiasts encounter when dealing with Ethereum’s notoriously high gas fees, Solana has made crypto more accessible.
Of course, there have been growing pains. Solana has endured its fair share of hacks, outages and periods of downtime. This has made some investors question the future sustainability of the project. But these things are common in the early days of any blockchain and, despite these blips, Solana remains a solid crypto choice and a project that has seen massive adoption and looks set to last
Where to store Solana
You can keep your Solana on the trading platform that you bought it from, or you can send it to a personal non-custodial wallet for more control over your asset. Hardware wallets such as Ledger and Trezor are also recommended for keeping your crypto safe and secure. Storing your crypto off-chain in this way protects you against counterparty risk—aka, your exchange collapsing. Check out some of the most popular wallets around in the table below.