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How and where to buy Solana (SOL) in 3 steps

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Many Blockchain projects have been branded with the dubious accolade of being the next ‘Ethereum killer’. Yet few possess the credentials to live up to this lofty title. Not so, Solana. Renowned for its fast transactions speeds and scalability, Solana is one of a small handful of blockchain businesses that could genuinely spark mainstream adoption.

Want to start buying Solana straight away? Visit our preferred broker now to get started...

1
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$10
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10
Accepts customers from the USA
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eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Dubbed the Visa of the digital asset ecosystem, Solana’s ability to host thousands of decentralised applications (dApps) and handle transactions on a grand scale makes it one of the most compelling contenders in the Web 3 space. 

In addition, the Solana network is home to one of the largest non-fungible token (NFT) markets outside of Ethereum. There’s a lot happening at Solana, and this article will tell you more about this exciting project and the best ways to buy Solana.

3 steps to buy Solana

Step 1: Sign up to a broker or exchange

Choose from one of our recommended cryptocurrency exchanges or broker platforms and register an account with them. Registering should only take a few minutes. All you’ll need is your contact information plus some personal identification to get through the KYC (know your customer) process. This is similar to opening a bank account and is necessary because of regulations.

Step 2: Deposit funds

You can deposit funds using your debit or credit card. Equally, you can add funds using a bank transfer. While this is easy enough, it’s worth remembering that bank transfers can take a few business days to clear, so be prepared for this. Once your funds are in your account you’re ready to use them to buy or trade your favourite cryptos. 

Step 3: Buy Solana

Now that your funds are available, head over to your trading platform’s exchange page and search for Solana. When the ticker symbol for Solana, SOL, appears, click on it and buy Solana as much as you need. The token should arrive in your trading portfolio within seconds.

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.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$0
Promotion
User Score
9.3
Earn up to 3.5% back in crypto on every purchase
No hidden fees or minimum balance
Immediate Trade Execution
Start Trading
Description:
BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:

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.

 

1
Min. Deposit
-
Promotion
User Score
10
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
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Payment Methods:
BitPay, Credit Card, PayPal
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2
Min. Deposit
-
Promotion
User Score
9.3
Go offline and hold your coins
1000+ coins supported
Transparent security
Start Trading
Payment Methods:
Bitcoin, Credit Card
Full Regulations:

Frequently Asked Questions

  1. Magic Eden, Solanart, Solsea, Metaplex and DigitalEyes are some of the top marketplaces on the Solana network where you can research and buy your favourite NFTs.

  2. Phantom, Solflare, and Sollet are recommended non-custodial browser wallets for Solana. You can find more detailed information about them, and where to download them, on the Solana documentation website.

  3. Almost all popular crypto exchanges offer Solana staking services. You can also stake Solana by using a browser wallet and connecting to a node through the wallet’s user interface.

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