How to Buy Solana (SOL)

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.

Binance Signup
Step 2 – {Transfer} Your {ETH (Ethereum) or BTC (Bitcoin)} to an {Cryptocurrency Exchange}

Your {Bitcoin or Ethereum} {will need} to be sent over to an {Crypto Trader} now. {All exchanges have} a deposit form that is {identical}. Solana (SOL) is {available} on Binance, so {we're going to} use that as an {example}. {Unsure} on how to send {Coinbase funds} to an {Crypto Trader}? ({Just follow} {this how-to})

Make sure {you've} {chosen} the {right} coin you {wish} to deposit.

{BTC} must be sent to a {BTC} deposit address, {ETH} to an {Ethereum} deposit address, {etcetera}. {If} {you are} {using} a decentralized exchange, {such as} Airswap or DDEX could be {divergent} ({Just follow} {our guide}).

Step 3 – {Locate} Solana (SOL)

{Once} your deposit has been {affirmed}, {you'll} {instantly} have access to your {funds} and you can {launch} {invest} and trading. To {invest in} Solana (SOL) on Binance, {you'll} want to {hover over} the {”Exchange” tab} and{ after that} {click} on “Basic”.

{In order to} {find} Solana (SOL), {you will} need to {insert} the {short name of the asset} (SOL) into the {search-box}, which is {highlighted} in the {picture}. {Be certain of having} {selected} the {right} {grouping}, {we have} {marked} this {too}. Click on “SOL/BTC” to {go ahead}.

Binance Hot To Buy Solana (SOL)
Binance How to Buy (SOL) Solana
Step 4 – {Buy} Solana (SOL)

{Once} {you've} {discovered} Solana (SOL), {you will} be {presented with} a {Chart with Prices} (in the Center of the {image}) and {some} Order Books ({on the Left} of the {picture}). {And now} {we're} {making} our{} Limit Order.

The {field with the “Price” tag} will be {automatically filled} with the{} {recent} {valuation} Solana (SOL) was {traded} for. {This can be changed} to your {preferred} {rate}. The {”Amount” field} is the {volumen} of SOL you {want} to {buy}. The {”Total” field} is the {whole} price in {Bitcoin} that {you will} {settle} for the {complete} {volumen} of SOL.

{When} {you're} {satisfied}, {click} on “Buy SOL”. Your {order} will be filled {when} a {Vendor} {sells} their SOL for the price you {introduced}.

Step 5 – Withdraw Solana (SOL)

Unless {you are}{} trading, {never keep your} {crypto coins} on an {Crypto Exchange} for an {longer} {time period}. {To} {withdraw} your Solana (SOL), {go to} the {”Funds” tab} and {click} on “Withdraw”. Solana (SOL) can be {safely stored} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Solana (SOL) by using the {given} drop-down box. {Drop in} the {quantity} of Solana (SOL) {you'd} {wish} to {withdraw}. {Don't forget} the {demonstrated} {minimus/fees}. Also make sure you have {filled} your {right} withdraw address.

{If} {you're} {satisfied}, {make a mouse click on} “Submit”. You {could} be {asked} for {verfication via phone/email} {ahead of} a {take off}.

Binance Withdraw

{Congrats}! {You've} successfully {purchased} and {safed} Solana (SOL).

That's it!

{Withdrawals} from {Crypto Trader} can {take} {between} 1 – 30 minutes ({rely} on {usage of the network}). {As soon as} {you have} {confirmed} your {withdrawal} {using} {Etherscan.io or Ethplorer.io} and the (SOL) Solana is {safe} {within} your wallet, {you are} {all done}.

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