A Step-by-Step-Guide on how to buy Solana (SOL)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and receive your Ethereum or Bitcoin.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Solana (SOL) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Solana (SOL) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can start purchasing and trading. To invest in Solana (SOL) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. To discover Solana (SOL), you'll need to put the short name of the asset (SOL) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this too. Click on “SOL/BTC” to go ahead.
Step 4 – Acquisition of Solana (SOL) Once you have spotted Solana (SOL), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order. The ”Price” field will be filled with the most recent rate Solana (SOL) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of SOL you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of SOL. When you are happy, click on “Buy SOL”. Your order will be filled when a Vendor trades their SOL for the price you offered.
Step 5 – Withdraw Solana (SOL) Unless you're trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. To take off your Solana (SOL), hover over the ”Funds” tab and click on “Withdraw”. Solana (SOL) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Solana (SOL) by using the provided drop-down box. Enter the volumen of Solana (SOL) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for phone/email verification ahead of a take off.