how to buy Solana coin

How to Buy Solana Right Now

In this article, we will show you how to buy Solana easily. By the end of this article you would learn how to buy SOL with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Solana? Our review
  2. Current prices
  3. Where to buy SOL
  4. How to safely store SOL
  5. Frequently asked questions

Current Solana Price Stats

SOL Price $30.4700 USD
Price Change24h $-2.5100 USD (-7.61%)
24h Low / 24h High $28.2700 / $35.9400 USD
Trading Volume24h $2,186,129 USD
MarketCap $15,067,988,992 USD

What is Solana? A Review

Solana is a single-chain, delegated-Proof-of-Stake protocol, founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, focus on delivering scalability without sacrificing decentralization or security.Core to Solana’s scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency.SOL is the native token of the Solana blockchain. Community tokens are held by the Swiss Foundation, which is run by an independent board. This token pool is used for bounties, incentives programs, marketing, and grants.Solana’s mission is to support all high-growth and high-frequency blockchain applications and to democratize the world’s financial systems.

how to buy Solana

Where and How to Buy Solana (SOL) Coin

There are 3 steps to purchasing Solana. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase SOL directly with USD. They are: Bitfinex, ftx, binanceusa, .
  2. Move the Bitcoin to an Exchange that supports SOL: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the SOL/BTC trading pairs.
    At the moment, SOL is currently available for purchase with Bitcoin at HuobiPro, OKEX, huobikorea, Binance, HuobiPro, ftx, OKEX, HitBTC, huobikorea, bithumbglobal, .
  3. Buy Solana on the Exchange: Now, you can buy Solana with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different SOL pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
Bitfinex SOL/USD $166,058 USD A
ftx SOL/USD $5,649,980 USD A
binanceusa SOL/USD $1,757,596 USD BB

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance SOL/BTC 232.0947 BTC A
HuobiPro SOL/BTC 11.7171 BTC A
ftx SOL/BTC 9.1290 BTC A
huobikorea SOL/BTC 9.8403 BTC B
bithumbglobal SOL/BTC 21.0249 BTC B

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
HuobiPro SOL/ETH 314.8533 ETH A
huobikorea SOL/ETH 301.8803 ETH B

How to Safely Store Solana Crypto

Once you buy Solana, the next question you'd have is "where do I store my Solanas?". It is quiet easy to store your Solana tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Solana. If Solana is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Solana for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy SOL with Dollars (USD)? You can buy Solana (SOL) with U.S Dollars on Bitfinex, ftx, binanceusa, .
Where can I purchase SOL with my Bitcoin (BTC)? As of today, you can buy Solana with Bitcoin on any of the following exchanges: Binance, HuobiPro, ftx, OKEX, HitBTC, huobikorea, bithumbglobal, .
I have Ethereum. Where can I buy SOL with ETH? Solana is available for purchase using ETH on these Crypto exchanges: HuobiPro, OKEX, huobikorea, .
How much is Solana? Right now, the price of SOL is $30.4700.
Is Solana Crypto a good Investment in 2021? Our analysis shows a possible all time high of $80.1940. So yes. SOL is a good investment.

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