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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto 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 available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Solana (SOL)

As soon as your deposit has been verified, you will immediately have access to your assets and you can launch buying and trading. To invest in Solana (SOL) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate Solana (SOL), you will need to put the cointype (SOL) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “SOL/BTC” to continue.

Step 4 – Purchasing Solana (SOL)

Once you have located Solana (SOL), you'll be given 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 field with the “Price” tag will be filled with the most latest price Solana (SOL) was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of SOL you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of SOL.

When you're glad, click on “Buy SOL”. Your order will be filled as soon as a Vendor sells their SOL for the price you submitted.

Step 5 – Withdraw Solana (SOL)

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

Find Solana (SOL) by using the provided drop-down box. Drop in the quantity of Solana (SOL) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.