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 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Solana (SOL) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Solana (SOL)

Once your deposit has been affirmed, you'll instantly have access to your assets and you can begin buying and trading. To buy Solana (SOL) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Solana (SOL), you'll need to insert the short name of the asset (SOL) into the search box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “SOL/BTC” to proceed.

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

After you've spotted Solana (SOL), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order.

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

When you are happy, make a mouse click on “Buy SOL”. Your order will be filled when a Vender sells their SOL for the price you submitted.

Step 5 – Withdraw Solana (SOL)

Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive time period. In order to take off your Solana (SOL), hover over the tab called “Funds” and mouse click on “Withdraw”. Solana (SOL) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Solana (SOL) by using the provided drop-down box. Enter the volumen of Solana (SOL) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored Solana (SOL).

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (SOL) Solana is stored inside your wallet, you are all done.

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