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

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.

Most Popular

1

Min. Deposit

$10

Promotion

User Score

10

Up to $240 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 more info

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, Credit Card, Debit Card, PayPal, Wire Transfer

Full regulations list:

CySEC, FCA

Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

2

Min. Deposit

$0

Promotion

User Score

9.3

Get insights from millions of investors, creators, and analysts

Build your portfolio of stocks, ETFs, and crypto–all in one place

No minimum deposit

Start Trading more info

Description:

Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.

Payment Methods

Bank Wire, Check, Debit Card, Wire Transfer

Full regulations list:

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

3

Min. Deposit

$50

Promotion

User Score

8.7

Log in using the app and claim the Mystery Box to receive up to $10,000 in reward

One of the top digital asset exchanges by trading volume

Serving millions of users in over 100 countries

Start Trading more info

Description:

OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

Payment Methods

AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard

Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill

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Full regulations list:

Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

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.

Most Popular

1

Min. Deposit

-

Promotion

User Score

10

Go offline and hold your coins

1000+ coins supported

Transparent security

Start Trading

more info

Payment Methods:

Bitcoin, Credit Card

Full Regulations:

2

Min. Deposit

-

Promotion

User Score

9.3

The worlds most popular hardware wallet

Buy, Manage and Secure your crypto in one place

Compatible with over 100+ cryptocurrencies

Start Trading

more info

Payment Methods:

BitPay, Credit Card, PayPal

Full Regulations: