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How to buy Solana(SOL) on Binance

Updated on: 2024-11-21 16:10:33(UTC+0)
In this tutorial we will talk about:
1
How to buy Solana(SOL)
2
How to redeem USDT with a credit card and then exchange it into Solana(SOL)
3
How to buy Solana(SOL)with a debit card
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Buy Solana(SOL)Quickly
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What can you do with Solana
6
Market stats to help you decide if it is a good time to buy Solana
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How to Safely Store Your Solana

How to buy Solana(SOL)

How to buy cryptocurrency on an exchange

Investing in Solana(SOL)has never been easier! Registering on an exchange, verifying your account, and paying via bank transfer, debit or credit card, paired with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Here’s a how-to guide on how to buy cryptocurrency on an exchange.

Step 1: Register on Binance (click the link to register)

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Step 2: Identity Verification—Submit KYC information to verify your identity

Please verify your identity to ensure full compliance and enhance your experience with complete identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification and once your ID has been successfully verified, you can start transactions by binding your bank card or credit card.

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How to redeem USDT with a credit card and then exchange it into Solana(SOL)

Step1:Click to buy Crypto, first select your country, then click Card

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Step2:Select Add Payment Method in the lower right corner and select the credit card applicable to you to fill in the information and bind it, for example: Wise, Visa, etc.

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Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

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Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Solana (SOL), and purchase it. Token.

How to buy Solana(SOL)with a debit card

Step1:CardClick to buy Crypto and select a card

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Step2:Select Add Payment Method in the lower right corner, and select the debit card applicable to you to fill in the information and bind it, such as: Payeer, ABA bank, TowerBank, etc..

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Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

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Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Solana (SOL), and purchase it. Token.

Buy Solana(SOL)Quickly

Step1:Click to buy Crypto and select a card

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Step2:Enter the amount of Solana(SOL)you want

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Step3:Click p2p to purchase

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Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Solana (SOL), and purchase it. Token.

About Binance

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Binance

What Is Binance?

Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide. The platform has established itself as a trusted member of the crypto space, where users can buy, sell and store their digital assets, as well as access over 350 cryptocurrencies listed and thousands of trading pairs. The Binance ecosystem now comprises of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more.

Who Are the Binance Founders?

The global company was co-founded in China by Changpeng Zhao and Yi He. A Chinese-Canadian developer and business executive, Changpeng Zhao, who goes by CZ, is the company's CEO. He studied at McGill University Montreal and had a successful track record as an entrepreneur. His past experiences include Head of Bloomberg Tradebook Futures Research & Development team, founder of Fusion Systems and Head of Technology at Blockchain.com.

Yi He is CMO at Binance and Head at Binance Labs, the company’s venture capital arm. Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of digital asset exchange OKCoin.

When Did Binance Launch?

Binance was launched in June 2017, and within 180 days grew into the largest cryptocurrency exchange in the world.

Binance Restricted Countries

Under the Binance Terms of Use, restricted locations include the United States, Singapore and Ontario (Canada). However, some countries have restricted usage or features might be limited due to regulatory reasons, including but not limited to, China, Malaysia, Japan, UK and Thailand. Futures and derivatives products are also not available in Germany, Italy and The Netherlands. In September 2019, a separate dedicated platform for US clients, Binance.US, was launched.

How Much Are Binance Fees?

The platform is user-friendly and one of the cheapest with a huge selection of transaction types and an advanced set of trading tools for experienced investors. It charges based on a tiered system, from regular users to VIP 9. For regular users, a 0.10% maker taker fee is charged for spot trading. In July 2022, Binance announced zero-fee trading for BTC spot trading pairs, and in August for ETH/BUSD pair.

Is It Possible To Use Leverage or Margin Trading on Binance?

Traders can borrow funds and participate in margin trading on Binance Margin, which allows trading cryptocurrencies with up to 10X leverage. Users can also use derivatives products such as Binance Futures, settled in USDT, BUSD or other cryptocurrencies and Binance Options to leverage on their trades.

How to buy Solana in other countries?

Anywhere Binance exchange is available, you may easily purchase Solana (SOL) with the lowest costs and maximum security. To begin purchasing Solana in the country of your choice, enter your country's name in the search box below:

What can you do with Solana

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Store/Hold Solana
Many users hold on to their Solana with the expectation of it increasing in value. You can store your SOL safely on your Binance account or on our crypto wallet app Wallet, the most user-friendly and secure mobile wallet.
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Trade Solana
You can trade Solana for 150+ cryptocurrencies on Binance exchange's industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Solana trading to meet your needs.
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Send Solana
Yes, Binance allows you to easily transfer value around the world, fast. You can buy Solana online and send to anyone and anywhere with their Solana address.
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Spend Solana
You can also buy goods and services with your Solana. More and more vendors and retailers accept Solana every day.
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Donate Solana
Binance accepts Solana donations from institutions to support global projects aimed at improving the lives of the underprivileged billion. You can donate Solana to ensure that no one misses out on the growth brought by blockchain.
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Learn More About Solana
You can read more in-depth articles on Solana from Binance Research and study how cryptocurrencies like Solana work on Binance Academy.

Market stats to help you decide if it is a good time to buy Solana

Perhaps all you need to know is more about it. Allow us to take you through some of the most fascinating Bitcoin Facts from Binance Academy articles in a quick manner. Find out now why people purchase Solana!

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.

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How to Safely Store Your Solana?

The Binance wallet offers the most reliable and industry-leading security for risk management, where Solana can be safely kept. To begin holding a Solana wallet, register on Binance exchange.

FAQ

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How do I purchase Solana?
A
Nowadays, you can purchase & store Solana hassle free on exchange. You can use your credit card, bank transfer or perform peer-to-peer trade to buy Solana. You can easily do it on your computer, tablet or iOS or Andriod phone.
Q
Can I buy $1 worth of Solana?
A
Typically, you can purchase $1 worth of Solana, but it depends on the exchange and the cryptocurrency you choose. Some exchanges allow minimum amount transactions, while others may have restrictions on the minimum transaction amount. It is advisable to check the trading rules and minimum transaction amounts when selecting an exchange and cryptocurrency.
Q
Where can I still buy Solana?
A
You can still buy Solana on various cryptocurrency exchanges. Some popular exchanges where you may find Solana include OKX, Binance, Coinbase, Kraken, and Huobi. Be sure to check the availability of Solana on these platforms and consider factors such as trading pairs, fees, and security features before making a purchase.
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Where is the best place to buy Solana?
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The best place to buy Solana depends on factors such as your location, preferred payment method, and trading preferences. Some popular options for buying Solana include reputable cryptocurrency exchanges like Binance, Coinbase, Kraken, and Huobi. It's recommended to compare features such as fees, supported trading pairs, security measures, and user interface to determine which platform aligns best with your needs. Additionally, you may consider peer-to-peer trading platforms or decentralized exchanges for alternative options.
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Can I view the Solana chart now?
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Of course, CoinMapAi not only provides information on how to buy Solana, but also supports viewing Solana chart. Click on the link next to it to view the actual rise and fall data.

Market risk applies to any cryptocurrency investment activity, including using Binance exchange to purchase Solana online. While we make every attempt to thoroughly inform our users about every cryptocurrency we offer on the exchange, Binance exchange does not take responsibility for any outcomes that may emerge from your purchase of Solana. Nevertheless, we do offer simple and convenient ways for you to buy Solana quickly. The content on this website is not intended to be construed as endorsing any specific cryptocurrency or way to obtain it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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