A Step-by-Step-Guide on how to buy Solana (SOL)
Step 1 – Join CEX.io You will first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Solana (SOL) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Solana (SOL) As soon as your deposit has been verified, you'll directly have access to your finances and you can start purchasing and trading. To purchase Solana (SOL) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to discover Solana (SOL), you'll need to insert the cointype (SOL) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we have highlighted this too. Click on “SOL/BTC” to go ahead.
Step 4 – Purchasing Solana (SOL) After you've found Solana (SOL), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Solana (SOL) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of SOL you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of SOL. If you're glad, make a mouse click on “Buy SOL”. Your order will be filled as soon as a Vendor sells their SOL for the price you offered.
Step 5 – Withdraw (SOL) Solana Unless you are trading, best advise is not to keep your crypto on an Exchange for an extended period of time. In order to take off your (SOL) Solana, hover over the tab called “Funds” and mouse click on “Withdraw”. (SOL) Solana can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (SOL) Solana by using the given drop-down box. Enter the volumen of (SOL) Solana you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.