A Step-by-Step-Guide on how to buy Solana (SOL)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first 10 Dollar.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Solana (SOL) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Solana (SOL) Once your deposit has been confirmed, you will directly have access to your finances and you can initiate purchasing and trading. To invest in Solana (SOL) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Solana (SOL), you will need to put the cointype (SOL) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this also. Click on “SOL/BTC” to go on.
Step 4 – Purchasing Solana (SOL) Once you have located Solana (SOL), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our Limit Order. The ”Price” field will be filled with the most recent price Solana (SOL) was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of SOL you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of SOL. When you're satisfied, make a mouse click on “Buy SOL”. Your order will be filled as soon as a Seller sells their SOL for the price you gave.
Step 5 – Withdraw (SOL) Solana Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your (SOL) Solana, go to the tab called “Funds” and click on “Withdraw”. (SOL) Solana can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SOL) Solana by using the provided drop-down box. Drop in the amount of (SOL) Solana you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.