Where & How to Buy Solana (SOL) in 2024 Best Places

Updater face
Last updated Apr 18, 2024 | 09:08 AM UTC

Reviewed by

Available Countries

+236

Available Cryptocurrencies

1
2
3
+777
Kraken
Exchange Rating
9.5
Available in
Visit Kraken
See other choices

Available Countries

+236

Available Cryptocurrencies

1
2
3
+777

18+ Only - Gambling in your location may be forbidden – “you are responsible”.
This site contains affiliate links. If you click on one, we may earn a commission.

Intro

Learning how to buy Solana might seem overwhelming, especially if you’re new in the crypto space. 

Start by comparing some of the best crypto exchanges from our list. Once you decide on the platform, open an account and verify your identity.

We've handpicked the top places to buy Solana and an easy-to-follow approach to show you how. 

Find out how and where to buy Solana below.
 
 

Key Takeaways

  • Solana has a vibrant ecosystem of features and tools that attract investors
  • Solana is a unique project that utilizes Prof-of-Stake and Prof-of-History
  • Centralized exchanges are the best places to buy SOL
  • Alternative ways to buy SOL include crypto ATMs and crypto wallets

 

How to Buy Solana - Step by Step

The best way to buy SOL is on a centralized cryptocurrency exchange. 

For this, you'll need to create an account on a cryptocurrency exchange that supports SOL trading.

Luckily, most established and new crypto exchanges support Solana trading pairs.

Once verified, you can deposit funds (fiat or another cryptocurrency). Then, you can place a buy order for the amount of SOL you want to purchase. 

Here’s how it works in 6 steps:
 

  • Step 1: Do your research on Solana
  • Step 2: Select an exchange
  • Step 3: Create an account and verify your identity
  • Step 4: Deposit funds
  • Step 5: Buy SOL
  • Step 6: Store SOL in a safe place - a personal cold wallet

 

1. Do Your Research on Solana

Solana is a high-performance blockchain. It’s designed to facilitate decentralized applications (dApps) and smart contracts.

In this regard, it’s quite similar to Ethereum.

However, it supports lightning-fast transaction speeds with low fees. It’s also a multi-layered consensus system.

Research Solana in-depth so you understand its role in the crypto space. 

The more knowledgeable you are about Solana, the more confidently you decide how you want to use it.
 

2. Select an Exchange

To buy SOL, you'll need to choose a reputable crypto exchange that supports SOL trading pairs. 

You can pick from centralized (CEXs) or decentralized (DEXs) exchanges. Centralized exchanges will likely ask for identity verification. 

CEXs are also more secure and follow Anti-Money Laundering (AML) procedures. Such exchanges come with a variety of features and trading tools. 

Some of these also act as the best crypto lending platforms or crypto savings accounts.

Centralized exchanges include some of the top places to buy SOL – Coinbase, Binance, or Kraken.

Decentralized exchanges like Orca or Jupiter offer a quick swap feature for Solana tokens. 

DEXs offer more privacy, as they don’t require ID verification. Some are also Solana-native platforms, so you don’t have to worry about issues with swapping SOL.

When considering where to make a purchase, make sure the exchange is available in your region. Know the difference between these two types and think about which features you prefer.

Additionally, look for an exchange that offers enough liquidity and has a good reputation among users. 

Check liquidity on websites like CoinMarketCap or CoinGecko and read user reviews on the official subreddits and Trustpilot. 
 

3. Create and Verify an Account

Once you've chosen a suitable exchange that supports SOL, the next step is to create an account. 

Register by providing personal information like you would on other websites. 

Now it’s time to verify your identity and pass the Know Your Customer (KYC) procedure.

For this, you’ll need a smartphone to scan the QR code and documents that prove your identity. These can include government-issued IDs, bank statements, utility bills, and similar.

The KYC is usually done automatically and lasts for several minutes. Some exchanges do it manually and in those cases, you may wait for several days.

Plus, Know Your Customer (KYC) requirements can vary depending on the exchange. 

Some exchanges will let you deposit and withdraw a certain amount without verification and only ask for ID if you want to go above that limit. KuCoin is one such example.
 

4. Deposit Funds

Now it’s time to deposit funds into your exchange wallet to have the purchasing power for Solana. 

Most exchanges support a variety of deposit methods:
 

  • Debit/credit card payments
  • Bank transfers
  • Cryptocurrency transfers from an external wallet 

Choose the option that works best for you and initiate the deposit process.
 

5. Buy SOL

You can buy Solana in two ways – using an order or an instant buy feature. 

To set an order, navigate to the trading section on the exchange. Find the SOL trading pair, such as:
 

  • SOL/USD
  • SOL/EUR
  • SOL/USDT
  • SOL/BTC

Enter the amount of SOL you wish to purchase or the amount of fiat/crypto you want to spend. 

Review the order details, including the current market price, and note the fees. 

Confirm the buy order to complete the purchase of your desired SOL amount.

Depending on the order type, you’ll either have it fulfilled immediately (market orders) or wait for the price to hit a certain level (limit orders).

Crypto exchanges also offer an instant buy option. It is similar to a market order, only you don’t have to look for a trading pair. 

You can just enter the amount of Solana you want and the exchange will convert it, charging the noted amount from the available balance.
 

6. Store SOL in a Safe Place - Your Wallet

While this step is optional, it’s best to withdraw your SOL to a private wallet after buying it on the exchange. 

Storing your Solana tokens in a private crypto wallet keeps them safer. By making a personal wallet, you get full control and ownership over your private keys and funds.

Your personal wallet ensures that only you have access to your SOL. This eliminates the risk of exchange hacks, freezes, or potential mismanagement of funds.

You can choose between hot or cold wallets. Hot wallets are connected to the Internet and pose a higher risk of cyber attacks. Crypto.com and Trust Wallet are the best examples. 

On the other hand, you have cold wallets, like Ledger. Cold wallets connect to the Internet only when you’re about to make a transaction. 

They come in the shape of a USB drive, but can also be paper wallets where you write down your private keys.
 
 

Where to Buy SOL - Best Places

When it comes to the best place to buy Solana, cryptocurrency exchanges that offer SOL trading pairs with strict security measures and reasonable fees are your top choices. 

Carefully evaluate options based on your location, payment methods, and overall user experience.

You can buy SOL on:
 

  • Centralized crypto exchanges
  • Crypto wallets
  • Peer to Peer (P2P) platforms
  • Cryptocurrency ATMs

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
Chiliz
Chromia
Civic
Coin98
Convex Finance
COTI
Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
Galxe
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

Huobi Global, established in 2013, is a world-leading crypto trading platform, providing secure and convenient trading services for digital assets.

General Information

Year founded: 
2013
Coins Available: 
Bitcoin
Ethereum
Litecoin
Uniswap
Polkadot
Bitcoin Cash
Chainlink
Bitcoin SV
EOS
XRP
SushiSwap
Tether
Curve DAO Token
BitTorrent
TRON
Sun
Aave
FTX Token
Zcash
Cardano
Huobi Token
Matic Network
JUST
Basis Gold Share
THETA
yearn.finance
Filecoin
Cosmos
Amun Bitcoin 3x Daily Long
OMG Network
Terra
Algorand
Ethereum Classic
Massnet
DFI.Money
1inch
IOST
Nervos Network
Band Protocol
Dash
Amun Ether 3x Daily Long
Tezos
Kusama
Ontology
Reef
Horizen
Stellar
Amun Ether 3x Daily Short
NEAR Protocol
Neo
Badger DAO
The Graph
Synthetix
Qtum
Dogecoin
Phala.Network
Waves
Polkastarter
Compound
Monero
Tellor
Amun Bitcoin 3x Daily Short
WaykiChain
Reserve Rights
NEM
Crypto.com Coin
Bounce Token (Old)
BoringDAO
Kava.io
VeChain
TitanSwap
Akropolis
Solana
Ren
Thunder Token
Marlin
NEST Protocol
IOTA
0x
Pearl
Linear
SKALE Network
Bytom
Aragon
Acute Angle Cloud
ForTube
Avalanche
Zilliqa
Loopring
Value Liquidity
Basic Attention Token
GXChain
Decentraland
BOX Token
Elastos
MXC
Nexo
Swerve
Storj
Tierion
Seele-N
Golff
Whole Network
Achain
Civic
API3
Decred
YAMv2
Maker
YEE
Alchemy Pay
ICON
Dai
Cortex
Arweave
The Sandbox
Loom Network
Injective Protocol
Bluzelle
Crust
Orchid
MCO
BitcoinHD
Meta
IRISnet
Chiliz
Darwinia Network
Lambda
Balancer
ARPA Chain
Bancor
Frontier
Origin Protocol
UnlimitedIP
Bitcoin Cash ABC
UMA
Kyber Network
Wootrade
aelf
Aeternity
USD Coin
Ankr
Nebulas
NXM
Kcash
PowerPool
Huobi Pool Token
Stafi
HyperCash
New BitShares
Hedera Hashgraph
Nsure.Network
Content Value Network
Robonomics.network
Status
MediShares
BitShares
nHBTC
AirSwap
Holo
Fusion
Harmony
SunContract
Arcblock
Firo
MX Token
Eminer
v.systems
dForce
Wrapped Bitcoin
Nano
dHedge DAO
Paxos Standard
BillionHappiness
Enzyme
IoT Chain
Steem
Genaro Network
CyberMiles
Matrix AI Network
Hive
BitKan
QASH
SIRIN LABS Token
Cred
GateToken
Dock
NKN
Ruff
NULS
Wanchain
Golem
Litex
Pundi X (Old)
Intelligent Investment Chain
Bibox Token
Davinci Coin
WAX
InvestDigital
TrueUSD
BitUP Token
DigixDAO
SwftCoin
DATx
Lympo
DATA
Smartshare
Carry
SmartMesh
XMax
U Network
BitCapitalVendor
Origo
BeeKan
Yuan Chain Coin
GET Protocol
YouLive Coin
Global Social Chain
FansTime
FairGame
Waltonchain
Promotion Coin
Atlas Protocol
EMOGI Network
Skrumble Network
dKargo
Engine
Project Pai
renBTC
Verge
Odyssey
Siacoin
pNetwork
CNNS
Game.com
VIDY
UGAS
Lisk
Standard Tokenization Protocol
Utrust
Ravencoin
Chromia
Pivot Token
Time New Bank
DeepBrain Chain
Newton
Komodo
Wirex Token
TOP
AI Doctor
EDUCare
QunQun
Electroneum
Power Ledger
Request
TopChain
EduCoin
Egretia
Propy
ShineChain
Medicalchain
Tripio
Polymath
ChatCoin
Gas
Datum
Metal
Content Neutrality Network
Quantstamp
All Sports
Bitcoin Diamond
STK
Portal
BnkToTheFuture
TenX
CVCoin
MyToken
HitChain
Bitcoin Gold
AppCoins
Raiden Network Token
Ripio Credit Network
SALT
CoinMeet
LinkEye
MEX
OST
sBTC
Globalvillage Ecosystem
WePower
ThingsOperatingSystem
Ardor
Matryx
BitcoinX
Lunyr
Beefy.Finance
Zilla
Phoenix Global
Rate3
DigiByte
Groestlcoin
EchoLink
Everex
Nucleus Vision
COVA
Enigma
NeuroChain
AdEx Network
HUSD

Anonymity

Adhering to global regulatory standards, Huobi Global implements stringent KYC and AML procedures.

Reputation

Huobi Global has earned a solid reputation for its longevity, liquidity, and global reach in over 130 countries.

Pros and Cons

Hundreds of tradeable assets
Lots of advanced trading options and features
Dashboard is advanced, and yet user-friendly
Comprehensive and efficient mobile presence
Innovative and secure wallet
Cumbersome account registration process
Low withdrawal limits
Restricted to USA users
Low leverage for margin trading
No investment programs for passive earnings

OKCoin crypto exchange is a well-established platform providing access to a variety of digital assets for traders globally, with a focus on offering fiat-to-crypto trading pairs.

General Information

Year founded: 
2014
Coins Available: 
Bitcoin
Ethereum
Tether
Dai
Stacks
Bitcoin SV
USD Coin
yearn.finance
Bitcoin Cash
Litecoin
STASIS EURO
Uniswap
Compound
Hedera Hashgraph
Polkadot
TRON
Celo
Ethereum Classic
Celo Dollar
USDK
1inch
Aave
Cardano
Adventure Gold
Algorand
Aragon
APEcoin
API3
Arweave
Astar
Cosmos
Avalanche
Axie Infinity
Badger DAO
Bancor
Blockchain Brawlers
Chiliz
Clover Finance
Crypto.com Coin
Curve DAO Token
Convex Finance
dHedge DAO
DIA
Dogecoin
dYdX
Elrond
Enjin Coin
Ethereum Name Service
Flow
Flare
Ampleforth Governance Token
Fantom
Gala
Aavegotchi
The Graph
Internet Computer
ICON
Immutable
Kadena
Kyber Network
Keep3rV1
Kusama
PlatON
Lido DAO Token
LINK
Livepeer
Loopring
Terra
Terra Classic
MAGIC
Decentraland
Mask Network
Polygon
MetisDAO
Mina
Maker
Numeraire
Harmony
Optimism
Perpetual Protocol
Phala.Network
Ravencoin
The Sandbox
Stader
SHIBA INU
SKALE Network
Smooth Love Potion
Synthetix
Solana
Spell Token
Storj
SushiSwap
Tellor
UMA
TerraClassicUSD
WAX
Wrapped Bitcoin
Wing Finance
Stellar
Nano
Tezos
DFI.Money
Zcash
Horizen
Zilliqa
0x

Anonymity

OKCoin enforces KYC verification procedures, mandating users to undergo identity verification to access trading services.

Reputation

OKCoin is recognized for its strong reputation, known for its reliable platform, liquidity, and compliance with regulatory standards.

Pros and Cons

Very low trading fees
Offers advanced trading services and features like futures and margin trading
Very high liquidity
Fiat currency deposits and withdrawals
Top level security
A lower number of cryptocurrencies on offer when compared to other big exchanges
A lower number of crypto pairs on offer
Requires level 2 verification before you can withdraw
Comes only in the English language
Fraudulent insurance claim

Binance US, launched in 2019, is a prominent cryptocurrency exchange catering to the American market with a wide array of trading pairs and advanced features.

General Information

Year founded: 
2019
Coins Available: 
Tether
Ethereum
Bitcoin
Cardano
Chainlink
Uniswap
XRP
VeChain
Binance USD
Matic Network
Litecoin
Stellar
Algorand
Compound
Elrond
Tezos
Zilliqa
Hedera Hashgraph
Binance Coin
Maker
Solana
USD Coin
ICON
Bitcoin Cash
Horizen
OMG Network
Helium
Band Protocol
IOTA
EOS
Cosmos
Basic Attention Token
Nano
Neo
Dash
Decentraland
Dogecoin
VeThor Token
Zcash
Kyber Network
Waves
0x
Harmony
Orchid
Qtum
Dai
Ontology
Ravencoin
Ethereum Classic
Augur
Storj
PAX Gold
Polygon
Polkadot
SHIBA INU
TRON
Avalanche
Filecoin
Aptos
Lido DAO Token
TrueUSD
NEAR Protocol
Quant
Internet Computer
APEcoin
The Graph
Fantom
Aave
MultiversX
Flow
Immutable
THETA
Axie Infinity
The Sandbox
Optimism
Curve DAO Token
Synthetix
Render Token
Loopring
Mask Network
Threshold
Kava Lend
Ankr
Balancer
yearn.finance
Fetch.ai
Celo
1inch
Enjin Coin
Theta Fuel
Gala
Astar
Kusama
Ethereum Name Service
Audius
SushiSwap
Golem
Kadena
Ocean Protocol
Biconomy
Alchemy Pay
FLUX
Livepeer
SKALE Network
WAX
Celer Network
Illuvium
DigiByte
Lisk
API3
Syscoin
Gitcoin
Stargate Finance
Smooth Love Potion
Ren
Numeraire
Polymesh
Request
Galxe
Cartesi
Radicle
Aragon
Bancor Network Token
Prometeus
COTI
Marlin
Spell Token
My Neighbor Alice
Loom Network
Alien Worlds
Reef
StormX
Mines of Dalarnia
Origin Protocol
Ampleforth Governance Token
LTO Network
SuperRare
League of Kingdoms Arena
DIA
BarnBridge
Clover Finance
Voxies
Alpine F1 Team Fan Token
VITE
Santos FC Fan Token
FC Porto Fan Token
Oasis Network
MIOTA
iExec RLC
Lazio Fan Token

Anonymity

In adherence to US regulations, Binance US implements robust KYC and AML procedures, requiring users to undergo identity verification and ensuring compliance with legal standards.

Reputation

Binance US has established a reputable presence in the American crypto landscape. It's known for its reliability, regulatory compliance, and commitment to providing a secure trading environment.

Pros and Cons

Very low trading fees
Lots of educational resources available
So fast that it processes 1.4 million orders per second
High liquidity to customers
Attention to security, and constant innovation
Not available in some US states
Fewer crypto to crypto pairs than other exchanges
Lengthy identity verification process
Parent company was hacked in 2019
Limited selection of crypto assets

The Crypto.com mobile app is a feature-rich platform that provides users with a convenient and user-friendly way to manage their cryptocurrency assets on the go. Offering a seamless experience, the app allows users to buy, sell, and trade a variety of cryptocurrencies.    

General Information

Year founded: 
2016
Coins Available: 
Cronos
USDP Stablecoin
0x
Aavegotchi
Algorand
Basic Attention Token
Chainlink
Chromia
COTI
Enjin Coin
Kyber Network
NEAR Protocol
Oasis Network
OG Fan Token
OMG Network
Origin Protocol
PAX Gold
Polkastarter
Raiden Network Token
THETA
TomoChain
TrueUSD
USD Coin
XRP
Bitcoin
DIA
Ethereum
Holo
Litecoin
Stacks
Boson Protocol
Coin98
Casper
JOE
Convex Finance
Band Protocol
Radicle
Filecoin
Flow
Polkadot
ARPA Chain
Balancer
Kadena
Perpetual Protocol
Dogecoin
Gala
UMA
Wrapped Bitcoin
UNICORN Token
Serum
yearn.finance
Jasmy
Covalent
Bancor
XYO
Curve DAO Token
Badger DAO
Loopring
Ethereum Name Service
Ontology
Kusama
Power Ledger
Ethereum Classic
Ren
Waves
Storj
BigONE Token
Theta Fuel
Biconomy
Dash
Tether
Orchid
Ravencoin
VeThor Token
Gods Unchained
Komodo
Zilliqa
Anyswap
Ark
Chiliz
TrueFi
Ardor
Solana
Stratis
Livepeer
Hedera Hashgraph
Nano
Amp
SuperCoin
Lisk
Enzyme
Golem
Helium
API3
Ontology Gas
Klaytn
Arweave
Qtum
Keep Network
Render Token
ICON
Mina
Neo
Bonded Finance
Stellar
Cardano
Quant
IDEX
Bitcoin Cash
Mask Network
Keep3rV1
VeChain
Siacoin
BiFi
Tezos
Cosmos
Augur
Waltonchain
IOST
EOS
Polymath
Maker
NuCypher
Gitcoin
Dai
Ocean Protocol
Aave
Decentraland
Rally
Ankr
Fetch.ai
QuickSwap (Old)
Avalanche
Celer Network
Bluzelle
Binance Coin
Reserve Rights
Nervos Network
The Graph
My Neighbor Alice
Contentos
Compound
Harvest Finance
aelf
Synthetix
PLANET
Marlin
SKALE Network
Orion Protocol
Numeraire
Frax Share
IRISnet
SushiSwap
Kava.io
NKN
IoTeX
Paxos Standard
THORChain
Yield Guild Games
HUSD
Ampleforth
Tribe
Gemini Dollar
1inch
Request
Audius
The Sandbox
WAX
Axie Infinity
Adventure Gold
Cartesi
Venus
Paris Saint-Germain Fan Token
iExec RLC
BakeryToken
Injective Protocol
PancakeSwap
Juventus Fan Token
Tellor
SHIBA INU
AS Roma Fan Token
Internet Computer
Atletico De Madrid Fan Token
Binance USD
DigiByte
MovieBloc
Fantom
Aergo
APEcoin
Alchemix
Alpha Finance Lab
Reef
Crypterium
WEMIX
Aurora Chain
Measurable Data Token
ChessCoin
Kryll
FLUX
Akash Network
Rarible
Lido DAO Token
FC Barcelona Fan Token
Status
Unifi Protocol DAO
Wootrade
MXC
Metis
Alchemy Pay
Gnosis
CUDOS
Terra Classic
Stox
Polygon
Harmony
Everipedia
XSGD
MultiversX
Efinity Token
Illuvium
Raydium
dYdX
Shiden Network
Safepal
Moonriver
BENQI
Immutable
Dogelon Mars
Pendle
VVS Finance
Mines of Dalarnia
Spell Token
Vulcan Forged PYR
Smooth Love Potion
Songbird
Boba Network
IQ
AC Milan Fan Token
Chia
Ellipsis (Old)
Ellipsis
Acala Token
Qredo
Merit Circle
Astar
Voxies
Splintershards
SuperRare
Optimism
Xeno Token
Zebec Protocol
AIOZ Network
Highstreet
Ooki Protocol
Stargate Finance
Minted
Gomining
GMX
Aptos
Osmosis
TrueAUD
TrueCAD
TrueGBP
Argentine Football Association Token
SC Corinthians Fan Token
Universidad de Chile Fan Token
HoDooi.com
Radar
DappRadar
Tectonic
DeRace
MM Finance
Step App
Ferro
ZED Token
Moonbeam
Nanomatic
Retawars GoldRose Token
ScarpaCoin
Website Languages: 
Chinese (Mandarin)
Hungarian
Romanian
Taiwanese
Spanish
Russian
French
Italian
Portuguese
Danish
Indonesian
Polish
Turkish
Vietnamese

Anonymity

Crypto.com requires ID verification to comply with Know Your Customer (KYC) regulations. Plus, If you buy cryptocurrencies with a credit or debit card on Crypto.com, the transaction may be associated with your card details and identity.

Reputation

Crypto.com has generally maintained a positive reputation in the cryptocurrency industry. It has gained credibility by adhering to security standards, obtaining necessary licenses, and implementing features to protect user funds.    

Pros and Cons

Extensive list of supported cryptocurrencies
Hardware wallet support
With its Visa cards, you can spend your crypto and earn rewards
Easy to purchase NFTs on the platform using either fiat or certain cryptos
Higher fees for those who don't hold and use CRO
Poor customer service
Lack of educational resources
Slow in-app live support

Coinbase, a major player since its inception in 2012, is a user-friendly cryptocurrency exchange offering a secure platform for buying, selling, and managing a variety of digital assets.

General Information

Year founded: 
2012
Coins Available: 
Bitcoin
Ethereum
Dogecoin
Tether
Cardano
Polkadot
Bitcoin Cash
Litecoin
Solana
USD Coin
Avalanche
SHIBA INU
Crypto.com Coin
Wrapped Bitcoin
Uniswap
Chainlink
Polygon
Algorand
Stellar
Axie Infinity
Decentraland
TerraUSD
Filecoin
Ethereum Classic
Cosmos
Dai
Tezos
The Graph
EOS
Aave
Loopring
Maker
Enjin Coin
Quant
Chiliz
Zcash
Amp
Dash
Compound
Celo
IoTeX
Curve DAO Token
Basic Attention Token
OMG Network
yearn.finance
SushiSwap
Horizen
Livepeer
Voyager Token
UMA
Ankr
Perpetual Protocol
Synthetix
Bancor
0x
Paxos Standard
Ren
XYO
SKALE Network
Storj
1inch
OriginTrail
Fetch.ai
NuCypher
Polymath
Cartesi
Function X
Numeraire
COTI
NKN
Civic
Orchid
iExec RLC
Badger DAO
Band Protocol
Gala
Rally
PlayDapp
Keep Network
Rari Governance Token
Alchemy Pay
TrueFi
Augur
Orion Protocol
Mirror Protocol
Request
Enzyme
ARPA Chain
LCX
Balancer
DFI.Money
BarnBridge
DerivaDAO
Ampleforth
Tellor
Rarible
district0x
Assemble Protocol
SUKU
Harvest Finance
Kryll
Bounce Token (Old)
mStable USD
Kyber Network
Internet Computer
Origin Protocol
Powerledger
Ethereum Name Service
Jasmy
Tribe
Braintrust
Mask Network
Alchemix
Radicle
Adventure Gold
Clover Finance
QuickSwap (Old)
Gitcoin
Rai Reflex Index
GYEN
Wrapped LUNA
Wrapped Centrifuge
Media Network
BitDAO
Vara Network
Liquid Staked ETH
Wrapped Ampleforth
Binance Coin

Anonymity

Committed to regulatory compliance, Coinbase adheres to strict KYC and AML protocols, necessitating user identity verification and preventing the establishment of anonymous accounts.

Reputation

With a solid reputation, Coinbase is widely recognized for its reliability, ease of use, and regulatory adherence. As a publicly traded company, it holds a position of trust in the cryptocurrency market.

Pros and Cons

Low minimum deposit
Offers a variety of assets
Fast crypto withdrawals
Lists smaller assets before other big exchanges
User-friendly interface with intuitive design
Higher fees than some other exchanges
Support not available on bank holidays
Controls customers' private keys
Restricted to many countries
Doesn't offer many advanced services

AscendEX is a global cryptocurrency exchange offering a wide range of trading pairs, futures contracts, and investment opportunities.

General Information

Year founded: 
2018
Coins Available: 
Bitcoin
Ethereum
Bitcoin SV
Chainlink
EOS
Cardano
NEM
Cosmos
Binance Coin
Bitcoin Cash
0x
Huobi Token
TRON
Algorand
VeChain
Ontology
Fetch.ai
Zilliqa
Basic Attention Token
Serum
Ethereum Classic
IOST
Zcash
Tezos
Polygon
Qtum
Dogecoin
Ravencoin
aelf
Harmony
Nervos Network
FIO Protocol
Wootrade
Dash
Centric Cash
Polkadot
Walken
BitTorrent
THORChain
Router Protocol
1inch
Akash Network
Stafi
XCAD Network
Terra Virtua Kolect
Ultra
Frontier
USDX [Kava]
Persistence
Casper
Kira Network
HAPI Protocol
Solana
ECOMI
Kava.io
Neo
HARD Protocol
CoinEx Token
Geeq
Synchrony
Ternoa
Fantom
Hathor
Ariva
Waves
Port Finance
Verasity
Concordium
Zebec Protocol
BEPRO Network
Uniswap
PolkaFoundry
Swingby
Radiant Capital
ZeroSwap
Prom
WINkLink
Curve DAO Token
Loopring
Decentraland
PancakeSwap
Gnosis
TrustSwap
Avalanche
Connect Financial
Pluton
Autonio
Aptos
Fuse Network
Filecoin
eCash
Crypto.com Coin
Stratos
Orion Protocol
HOPR
Nsure.Network
xDai
Aave
Tether
SushiSwap
Jarvis Network
Floki Inu
Polis
Optimism
YIELD App
LTO Network
USDD
Lovely Inu
The Graph
BOLT
CUDOS
Chiliz
KuCoin Token
Radix
Star Atlas
Alchemy Pay
DAD
Ferrum Network
High Performance Blockchain
Clearpool
Qredo
Sidus
Magic Internet Money
PowerTrade Fuel
Synthetify
Solanium
Taraxa
MahaDAO
Divi
Gather
Axie Infinity
OneLedger
COTI
HoDooi.com
Crowny
Compound
JulSwap
Tokoin
SquidGrow
SHIBA INU
Litecoin
Sovryn
Covalent
Nimiq
Sypool
Opulous
VERA
Hashflow
Hedget
Rizon
APEcoin
DIA
PlotX
Stellar
LooksRare
Sentinel
QuickX Protocol
Enjin Coin
Maple
Linear
MANTRA DAO
Mango
Quant
EthereumPoW
MixMarvel
Convex Finance
Chromia
Metaplex
Terra
Kin
Bonfida
Tribe
Hermez Network
Frax Share
Dogechain
Holo
Bitcoin Cash ABC
OMG Network
Quickswap
Galxe
STEPN
REVV
dYdX
Atlas DEX
Akropolis
FTX Token
NEAR Protocol
UniLend
Flow
Coin98
Freeway Token
UltrAlpha
ARTH
Only1
Immutable
Oxygen
Wrapped Bitcoin
Sweat Economy
Band Protocol
Standard Tokenization Protocol
Celer Network
DeFiner
Render Token
Reef
DAO Maker
Ankr
Synthetix
Ontology Gas
Aergo
Safepal
Jasmy
Mask Network
Osmosis
Bone ShibaSwap
USD Coin
Pax Dollar
RIPPLE
MetaShooter
iMe Lab
Zignaly
SX Network
Traxx
Polkadex
Divergence
Dafi Protocol
GamerArena
Globe Derivative Exchange
Shopx
Polkacity
Betswap.gg
Jet Protocol
StonkLeague
Kasta
Fringe Finance
Convergence
Freela
Animal Concerts
SifChain
Earn Guild
SENATE
Umbrella Network
FNDZ
Pollen
Battle of Guardians
Faith Tribe
Marvelous NFTs
CryptoArt
NBX
BTC Proxy
RioDeFi
Monsta Infinite
iTrust.Finance
Seascape Crowns
Structure Finance
Kava Swap
Youclout
Decentralized Social
Xend Finance
Oddz
Maps.me
Polkalokr
LUSD
Starfish Finance
PsyOptions
Decentr
DeFi11 (Acquired by VulcanForged)
Efinity
ASD Private Sale
Galaxy Blitz
Unmarshal
Refinable
Mogul Productions
Nova Finance
Waterfall DeFi
LunarCrush
FLEX Coin
STAKE
Idexo Token
Pontoon
LEO Token
StakeWise Reward GNO
Umbrella Reward #2
PlotXBonusToken
ASD Investment Multiple Card
Website Languages: 
English
French
Russian
Turkish
Spanish
Portuguese
German
Hindi
Japanese
Vietnamese
Thai
Chinese (Traditional)
Chinese (Mandarin)

Anonymity

Users are required to complete a Know Your Customer (KYC) verification process to comply with regulatory requirements and ensure the security of the platform.

Reputation

This exchange has built a reputation for being a reliable and secure cryptocurrency exchange platform. It is known for its robust trading infrastructure, a diverse range of supported assets, and commitment to providing a safe trading environment.

Pros and Cons

Ascendex native token
Offers advanced features and services like margin, futures and options
Lots of coins and pairs on offer
Lots of fiat currencies for trading
Low fees on different levels
High minimum deposit
No insurance cover for users' assets
No phone support
No demo accounts
No copy trading

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

1. Centralized Crypto Exchanges - Recommended Method

Centralized cryptocurrency exchanges are the most convenient way to buy SOL. They act as intermediaries, facilitating the buying and selling of various digital assets, including Solana.

Centralized exchanges offer user-friendly interfaces and streamlined processes. These exchanges also have in-depth instructions on how to buy crypto, so you don't make a mistake.

Still, remember to follow best practices like enabling two-factor authentication (2FA) and transferring your SOL to a secure crypto wallet after purchase.

Such security measures help mitigate the risk of potential security breaches on the safest crypto exchanges, so you can safeguard your investments.

The convenience and liquidity of centralized exchanges make them a recommended method for many users looking to buy Solana, especially for those new to the crypto space.
 

2. Crypto Wallets

You can also purchase Solana directly through compatible crypto wallets. 

Many Solana-compatible wallets offer intuitive interfaces plus seamless integration with dApps, making the buying process relatively straightforward. 

You can use fiat or other cryptocurrencies to buy Solana.

By buying SOL through a wallet, you maintain full control over your private keys and funds. 

This option is an excellent choice if you’re an experienced crypto investor who prefers a more self-directed approach.

Then, you can use these wallets to store Solana and reap the benefits of holding it long-term.

Look for the best crypto lending platforms to explore Solana's DeFi protocols. Alternatively, Solana also offers the option to earn interest with a crypto savings account. Estimated rewards vary, sometimes going up to 4.68%.
 

3. Peer to Peer (P2P) Platforms

P2P platforms are an alternative way of purchasing SOL by connecting individual buyers and sellers directly. 

All communication happens without the involvement of a centralized entity. 

These platforms offer increased payment method flexibility and better prices compared to traditional exchanges, so they’re one of the cheapest ways to buy Solana.

Using a P2P platform to buy SOL allows you to negotiate terms with the seller. This way, you can find more favorable rates or preferred payment options. 

This can be great if you don’t have access to traditional banking in your area or prefer to maintain more privacy in your crypto transactions.

Still, exercise caution when using P2P platforms. 

Vet sellers, ensure secure payment methods, and be mindful of potential scams. Some of these platforms enforce a rating for sellers and buyers, so pick a seller with a solid reputation.

If you have the option, meet with the seller of your choice and conduct the trade offline. Then, you can go back to the P2P platform and leave a rating for them.
 

4. Cryptocurrency ATMs

You can purchase Solana via cryptocurrency ATMs using cash or a debit card. 

These ATMs are physical terminals, usually located in public spaces. They allow you to quickly and easily convert your fiat currency into SOL.

The simplicity of a crypto ATM to buy SOL is its main advantage. 

You can typically complete the transaction in a few minutes. Plus, there are usually no identity verification processes or onboarding procedures involved.

Crypto ATMs are a great option for you if you prefer a more immediate and tangible way to acquire SOL. 

These are great for smaller, one-off purchases. 

Just keep in mind that the fees associated with crypto ATM transactions may be higher compared to other buying methods.

Finally, if the crypto ATM of your choice doesn’t support Solana, you can always buy Bitcoin and later swap it for SOL.
 
 

Alternative Ways to Buy SOL

In addition to the primary methods of buying SOL through centralized exchanges, crypto wallets, P2P platforms, and crypto ATMs, there are also alternative ways of getting SOL tokens. 

These options offer a more familiar and streamlined buying experience. 

Still, alternative approaches may come with their own set of considerations. 

These are two recommended alternative ways:
 

  • PayPal
  • Credit/debit card

 

PayPal

Using PayPal to purchase crypto like Solana can be a convenient option if you like using a familiar interface.

The main benefit of using PayPal is the simplicity of the process. 

Plus, you can leverage your existing PayPal account and funding sources to quickly acquire SOL tokens.

However, there are a few potential downsides to buying Solana through PayPal. 

For example, PayPal has higher fees compared to crypto exchanges. 

Moreover, the selection of cryptocurrencies available on PayPal is limited, so SOL may not be an option at the moment. In that case, you’d have to buy Bitcoin on PayPal first, then move BTC to a wallet and swap it for SOL.

Check your PayPal app on a regular basis for a list of available coins and see if it gets added. 

Alternatively, connect your PayPal account to an exchange to buy SOL on an exchange through this e-wallet.
 

Credit/Debit Card

Purchasing Solana with a credit or debit card is usually a go-to for new investors. 

The main advantage of this method is the familiarity and widespread acceptance of card payments. 

Debit and credit cards can make your buying experience more accessible and intuitive.

When using a credit or debit card to acquire SOL, the transaction is faster. You can expect to get SOL in your portfolio within minutes. 

This can be beneficial if you want to take advantage of market opportunities or make time-sensitive purchases.

However, there are a few potential downsides to consider. 

Crypto exchanges that accept card payments may charge higher fees compared to other funding methods, such as bank transfers or digital wallets. 

Additionally, some card issuers may treat cryptocurrency purchases as cash advances. This can result in additional fees and high interest charges.

Also, be mindful of the daily or monthly purchase limits on an exchange or your card – these restrictions can limit the amount of Solana you can acquire at a given time.
 
 

How to Store SOL

To store your SOL tokens safely, it's recommended to use a crypto wallet. This can be a hot wallet, specifically designed for the Solana ecosystem, or a cold wallet, which provides offline storage for your SOL.
 

Hot Wallets

Software-based hot wallets are an excellent option for storing your Solana tokens.

These wallets are optimized to support Solana's native cryptocurrency (SOL) and other tokens built on the Solana blockchain.

They also provide seamless integration with Solana-based dApps and easy access to SOL tokens for trading or staking. 

Some may offer additional features tailored to the unique characteristics of the Solana blockchain, such as fast transactions and low fees.

Still, hot wallets are connected to the Internet and carry a degree of risk. They’re great for trading on the go, but not the safest option out there.
 

Cold Wallets

Hardware-based cold wallets provide an additional layer of security for your Solana holdings. 

These wallets protect your SOL from potential online threats, such as hacking or malware, by storing your holdings offline.

Cold wallets are considered one of the most secure methods for storing cryptocurrency long-term, making them a popular choice for Solana investors who prioritize the safety of their digital assets.

Cold wallets are ideal for occasional transactions and offer more robust security features.
 
 

Why Should You Buy SOL? What is it Good For?

5 top reasons for buying SOL are:
 

  1. High performance: Solana is designed to be a high-speed, low-cost blockchain. It supports an impressive 65,000+ transactions per second (TPS). Its scalability potential makes it well-suited for handling high transaction volumes required by dApps and other projects.
  2. Low fees: Thanks to its efficient architecture and high throughput, transaction fees on the Solana network are low, often just a fraction of a penny. This makes it cost-effective for both holders and developers.
  3. Proof-of-History consensus: Solana utilizes a Proof-of-History (PoH) consensus combined with Proof-of-Stake (PoS). Those enable fast transactions while maintaining decentralization and security.
  4. Vibrant ecosystem: Solana has a rapidly growing ecosystem of projects spanning across decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, and more. Its diverse range of applications leverages strength in speed and cost-efficiency.
  5. Developer support: SOL has gained significant traction among developers due to its performance capabilities, ease of building, and comprehensive documentation and tooling. Developer support contributes to the blockchain's growth potential.

There are also different ways of utilizing its benefits:

  • Staking rewards
  • Securing the Solana network as a validator
  • Trading
  • Participating in DeFi Protocols
  • Purchasing, selling, minting, and trading NFTs

 

How Is Solana Different From Other Cryptos?

Solana stands out from many other cryptocurrencies due to its innovative delegated Proof-of-Stake combined with a Proof-of-History (POH) mechanism.

The PoH consensus is a core aspect of what sets Solana apart and contributes to its growing popularity in the cryptocurrency ecosystem.

Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) protocols, Solana's layered blockchain provides a unique way to achieve high transaction speeds and low fees. 

The key difference is in the way Solana keeps track of the timing of transactions.

Instead of relying on a global clock shared by all nodes, Proof-of-History uses a cryptographic clock that records the passage of time based on the historical sequence of transactions. 

This allows Solana to process transactions in parallel, rather than serially, resulting in the network's impressive capability of handling thousands of transactions per second.

It also assigns a timestamp to each transaction, adding to its immutability. 

By combining PoH with PoS, Solana is able to maintain decentralization and security while delivering exceptional performance. 

This makes the network well-suited for dApps, DeFi protocols, and other use cases that require fast low-cost transactions.

Follow reliable sources like the network’s official website (solana.com) to stay informed about Solana's technology updates, ecosystem growth, and any regulatory changes that may impact the network. 

Staying up-to-date on Solana developments can help you make informed decisions about your SOL investments.
 

 

Why Trust Us?

Our team at CryptoManiaks has years of involvement in the dynamic crypto market. We have navigated its ups and downs and keep honing our understanding of how it works to a T.

When we advise on how to buy Solana, it's not just theoretical knowledge – we've been there ourselves. 

Our recommendations are backed by firsthand experience, having personally purchased SOL on the very platforms we suggest. This means we provide practical insights grounded in reality.

CryptoManiaks is on a mission to demystify the world of digital assets, making it accessible to all. 

Whether you're a newbie or a seasoned investor, our team is dedicated to equipping you with the knowledge and tools you need when you want to learn how to buy SOL.

Frequently Asked Questions

Who Created Solana?

Solana, a high-performance blockchain platform, was created by a team of talented individuals led by Anatoly Yakovenko. Anatoly is a computer scientist and software engineer with a deep understanding of distributed systems and cryptography. He assembled a team of experts from various fields to develop Solana into the robust and scalable blockchain platform it is today.

What Is the Minimum Amount of Solana I Can Purchase?

The minimum amount of Solana you can purchase depends on the exchange’s minimum deposit limit. In general, this amount can range from $20 to $50. 

What Other Cryptocurrencies Can I Use to Buy Solana?

Two main established cryptocurrencies that you can use to buy Solana are Ethereum (ETH) and Bitcoin (BTC). You may also be able to use stablecoins - Tether (USDT) or USD Coin (USDC). The availability of different cryptocurrencies for purchasing Solana depends on the specific exchange or platform, so always research and confirm supported options before making your purchase.

Are There Any Age Restrictions for Buying Solana?

You should be at least 18 years old if you wish to invest in crypto, including Solana. It is important to note that you should always comply with the legal requirements and regulations of your jurisdictions when engaging in any financial transactions, including purchasing cryptocurrencies like Solana.

How Long Does It Take to Complete a Transaction When Buying Solana?

On average, a typical transaction takes approximately 5 to 10 seconds to complete. The speed of transaction completion depends on several factors, like a wallet or exchange you’re using network congestion, and transaction volume. During peak times, when there is high demand or market volatility, it may take longer for the transaction to be confirmed.

Who Should I Contact if I Face Issues While Buying Solana?

If you encounter any issues while purchasing Solana, reach out to the official Solana Support Team. A team of experts is available 24/7 to assist users with problems they may face during the buying process. You can easily contact them through the official website or by sending an email to their support email address or on Discord.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

They Already Trust Us
 
 

Have some crypto questions?
Find the answers