Solana (SOL) a cryptocurrency based on the solana, is currently attracting significant interest in the crypto market. As the Solana ecosystem expands, it has established a notable presence within the solana-ecosystem sector. More and more people are becoming interested in Solana. They wish to invest or purchase Solana (SOL), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Solana. Regardless of your location, Bitrue can provide you with a simple and secure way to buy SOL.
Where and how to buy Solana
When it comes to purchasing Solana (SOL), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Solana in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased SOL will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Solana (SOL) through Bitrue.
Alternative methods to acquire Solana
Apart from directly buying Solana (SOL), what are the alternative methods to acquire Solana ?
Fixed Auto-Investment in SOL
Regularly invest a fixed amount at scheduled intervals in Solana (SOL) digital assets, enjoying both short-term returns and long-term benefits.
Staking SOL
Flexible staking of Solana (SOL) digital assets to earn interest or high returns in other cryptocurrencies.
POS Mining
Holders acquire the right to validate nodes by locking a certain amount of Solana (SOL). Elected nodes are responsible for generating new blocks and confirming transactions, receiving rewards typically in the form of newly issued tokens (or SOL) and on-chain transaction fees.
Get Solana (SOL) for free
If you have enough time, you can obtain Solana for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Solana (SOL).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Solana.
- All cryptocurrency airdrops and rewards can be exchanged for SOL through coin-to-coin exchange or spot trading.
How to keep your Solana safe and secure
Once you have purchased Solana, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Solana and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Solana wallets, you also have the option to store Solana (SOL) separately in a personal encrypted wallet. This wallet serves to keep your Solana secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Solana, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Solana encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Solana?
Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 508,181,315.01722854 with 301,075,328.5266636 in circulation. The last known price of Solana is 241.4953252 USD and is up 6.87 over the last 24 hours. It is currently trading on 177 active market(s) with $5,592,918,021.08 traded over the last 24 hours. More information can be found at https://solana.com.
How many Solana are there in total?
The total supply of Solana is 590,651,303 and the Circulating Supply is 479,351,282 .
Why are people buying Solana?
People buy Solana for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Solana serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Solana include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Solana?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase SOL.
Can I use cash to buy Solana?
Generally, buying Solana digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
What are the fees for buying Solana?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy SOL?
Currently, Bitrue does not support purchasing SOL or adding fiat currency using Apple Pay.
How to use Google Pay to buy SOL?
Currently, Bitrue does not support purchasing SOL or adding fiat currency using Google Pay.
How to use Paypal to buy SOL?
Currently, Bitrue does not support purchasing SOL or adding fiat currency using Paypal.
What can I do with Solana?
You can use Solana to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Solana?
If your Bitrue wallet does not hold Solana, you need to deposit SOL into your Bitrue account. If you already have SOL, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of SOL you want to sell, select the selling price, confirm the sell order, and once your SOL is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Solana (SOL) worth 1 US dollar?
In theory, Solana (SOL) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for SOL is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.