A Step-by-Step-Guide on how to buy Solana (SOL)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Solana (SOL) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Solana (SOL) Once your deposit has been approved, you will immediately have access to your assets and you can launch purchasing and trading. To purchase Solana (SOL) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To discover Solana (SOL), you will need to insert the cointype (SOL) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've marked this too. Click on “SOL/BTC” to go on.
Step 4 – Buy Solana (SOL) After you have located Solana (SOL), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff Solana (SOL) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of SOL you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of SOL. If you're glad, click on “Buy SOL”. Your order will be filled when a Vendor trades their SOL for the price you introduced.
Step 5 – Withdraw Solana (SOL) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time period. To take off your Solana (SOL), hover over the tab called “Funds” and mouse click on “Withdraw”. Solana (SOL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Solana (SOL) by using the given drop-down box. Put into the amount of Solana (SOL) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.