A Step-by-Step-Guide on where to buy Solana (SOL)
Step 1 – Signup to CEX.io You will first need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Solana (SOL) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Solana (SOL) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch invest and trading. To buy Solana (SOL) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Solana (SOL), you'll 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 correct grouping, we've marked this also. Click on “SOL/BTC” to continue.
Step 4 – Buy Solana (SOL) As soon as you've located Solana (SOL), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Solana (SOL) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of SOL you like to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete volumen of SOL. When you are glad, make a mouse click on “Buy SOL”. Your plan will be filled as soon as a Vender sells their SOL for the price you gave.
Step 5 – Withdraw Solana (SOL) Unless you're trading, best advise is not to keep your coins on an Exchange for an extensive period of time. To withdraw your Solana (SOL), go to the tab called “Funds” and click on “Withdraw”. Solana (SOL) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Solana (SOL) by using the given drop-down box. Drop in the amount of Solana (SOL) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.