A Step-by-Step-Guide on how to buy Solana (SOL)
Step 1 – Join CEX.io You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Solana (SOL) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (SOL) Solana As soon as your deposit has been affirmed, you will now have access to your funds and you can begin invest and trading. To buy (SOL) Solana on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate (SOL) Solana, you will need to put the shortname of the coin (SOL) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this too. Click on “SOL/BTC” to advance.
Step 4 – Buy (SOL) Solana After you have spotted (SOL) Solana, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the latest rate (SOL) Solana was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of SOL you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole quantity of SOL. If you are glad, click on “Buy SOL”. Your order will be filled as soon as a Vendor trades their SOL for the price you submitted.
Step 5 – Withdraw Solana (SOL) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. To take off your Solana (SOL), hover over the tab called “Funds” and mouse click on “Withdraw”. Solana (SOL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Solana (SOL) by using the provided drop-down box. Put into the volumen of Solana (SOL) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You may be requested for email/phone verification ahead of a take off.