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How to Buy Solana (SOL)

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.

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Solana (SOL) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Solana (SOL)

Once your deposit has been approved, you will instantly have access to your funds and you can begin buying and trading. To invest in Solana (SOL) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find Solana (SOL), you will need to put the short name of the asset (SOL) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this also. Click on “SOL/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Solana (SOL)
Step 4 – Buying Solana (SOL)

As soon as you've located Solana (SOL), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Solana (SOL) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of SOL you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of SOL.

When you're happy, make a mouse click on “Buy SOL”. Your order will be filled as soon as a Seller sells their SOL for the price you gave.

Step 5 – Withdraw Solana (SOL)

Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extensive time period. To take off your Solana (SOL), go to the tab called “Funds” and click on “Withdraw”. Solana (SOL) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Solana (SOL) by using the given drop-down box. Enter the amount of Solana (SOL) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You've successfully bought and stored Solana (SOL).

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the Solana (SOL) is safe in your wallet, you are done.

Some other Guides on How to buy different Altcoins

How to Buy DeepOnion
How to Buy Digix Gold
How to Buy Altcoins
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