How to Buy Solana (SOL)

Learn all about Buy Solana

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.

Steps to Buy Solana (SOL)

Step 1 Create a Bitrue Account

- Register through the official website, Bitrue.com.
- Download the Bitrue App and complete the registration process.
After successfully registering your Bitrue account, follow the security prompts on the website or app to enable Google 2FA for account dynamic verification.

Step 2 Complete KYC Verification

Visit the identity verification page on the Bitrue official website or app, select your country or region, upload valid identification documents, and submit a selfie. Once the identity verification is successful, you will receive a notification.

Step 3 Choose the method to Buy Solana (SOL)

Buy Solana Over-the-Counter (OTC)
- 1. Click on "Quick Buy" on the Bitrue official website or app. Choose "Credit Card" or "Bank Transfer" as the payment method.
- 2. Note: Purchasing Solana (SOL) using "Credit Card" or "Bank Transfer" on Bitrue requires user identity verification. Please provide identity verification documents as per our platform's instructions.
- 3. Select Solana (SOL) from the list of cryptocurrencies.
- 4. Enter the quantity of SOL you wish to purchase.
- 5. Connect your credit card or bank account.
- 6. Confirm and complete the payment process.
- 7. Transaction completed.
Buy Solana through Spot Markets
- Note: Currently, the most popular Solana spot trading pairs include SOL/USDT and SOL/USDC. Before purchasing Solana (SOL) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
- 1. Click on "Trade" -> "Spot" on the Bitrue official website or app.
- 2. Select Solana (SOL) from the list of cryptocurrencies.
- 3. Enter the quantity of SOL you want to purchase, either at the market price or set a target price for buying Solana.
- 4. Confirm the purchase order.
- 5. Transaction completed.
- If Bitrue exchange currently does not support the above methods for purchasing Solana (SOL), users can only deposit SOL assets into their Bitrue accounts through a cryptocurrency wallet or choose a decentralized exchange (DEX) that supports SOL trading pairs for purchasing.

Step 4 Successful Purchase

The purchased Solana assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Solana cryptocurrency wallet.
Note: If you have not received your Solana (SOL), visit the help center or contact online customer support for assistance.

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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.

Why Bitrue is the Best Platform for Buying Solana (SOL)

User-friendly Interface

Trading cryptocurrencies on Bitrue is a breeze, requiring just a few simple steps to instantly purchase Solana.

Swift Deposits and Withdrawals

Our efficient real-time trading system ensures your Solana assets are instantly depositable and withdrawable.

Security and Stability

With dual-factor authentication, multi-signature support, and cold-hot wallet segregation technology, we ensure the systematic security of Solana.

Get SOL with Bitrue

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Some market stats about SOL

Price Analysis

SOLSolana Price Now:

$239.03+1%24H

Solana is rising this week.

The price of Solana has increased by 13.37% in the last 7 days. It has seen a 1.33% increase in the past 24 hours and a -0.04% decrease in just the last hour. The current price is $239.03 per SOL. Solana is dropped -5.58% from its all-time high of $253.18.

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Calculate the Returns on Your Solana Investment

How much profit would I have if I bought $ worth of Solana in

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Returns based on the average Solana price for that year. Not financial advice.

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There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.

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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 588,550,564 and the Circulating Supply is 474,567,183 .

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.

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