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Where to Buy Solana: Best Exchanges to Buy SOL

By Edred K. 8 min read

Are you looking to buy Solana (SOL) and don’t know where to start? Well, if that’s the case then you are on the right place. Don't be terrified; buying cryptocurrency is now easier than ever. With the rate at which prices have risen, cryptocurrency is an interesting investment. However, if you're just getting started, the purchase process might be perplexing, and you may be unclear where to begin. Let’s get started.

Where to buy Solana

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Solana (SOL) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Solana.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell Solana (SOL) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Solana on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Solana (SOL) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Solana you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Solana you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired SOL in your Binance Spot Wallet immediately.


2. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Solana (SOL) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Features

  1. More than 50 cryptocurrencies are supported.
  2. Spread and Coinbase costs are included in trading fees.
  3. You can use a free wallet service with private key access, or you can retain your cryptocurrency in your Coinbase account for a $2 minimum purchase or sale.
  4. Insured policy against fraud losses and storage of the bulk of digital assets offline.
  5. Accounts can be accessed using a web browser or a mobile app.
  6. Crypto incentives for studying and an education Centre.
  7. Option to upgrade to Coinbase Pro.

Getting Started with Coinbase Exchange

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with Coinbase by following the easy steps outlined below.

Step 1: Go to Coinbase official website and click the Get Started button in the top right corner of the webpage.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 6: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

How to buy Solana on Coinbase Exchange

Follow our step by step guide below to start buying Solana (SOL) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Solana from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in SOL or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.


3. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Solana (SOL) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

OKX Pros

  • Allows the use of a wide range of fiat currencies to establish an account.
  • Offers diverse range of services.
  • Hundreds of trading pairs with high staking APYs.
  • An easy-to-use buy/sell dashboard.
  • Online chat tech support that replies promptly.

OKX Cons

  • Very Complex fee structure.
  • US Citizens are not allowed.
  • There are no Demo accounts available.

 

How to buy Solana on OKX

Follow our step by step guide below to start buying Solana (SOL) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Solana from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Solana (SOL) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Solana will be instantly deposited to your OKX account after payment is completed.


4. FTX

FTX is a cryptocurrency exchange with a wide range of assets. It is mostly used for trading crypto derivatives. FTX is well-known for its Bitcoin options trading. With 45 or more FTX leveraged tokens, this platform attracts the attention of hundreds of traders from all over the world. The crypto exchange offers a variety of features, including 101x leverage and 20+ perpetual swaps.

However, bitcoin traders in the United States are unable to use the site. FTX Exchange has a high amount of liquidity. It has the ability to back deals worth millions of dollars. Despite market instability, the exchange provides choices to its consumers. Overall, FTX provides the greatest products for expert crypto traders all around the world.

Getting Started with FTX

The signup procedure is basic and similar to that of other cryptocurrency exchanges. You can begin by doing the following:

Step 1: By selecting the "Register" tab at the top right of the home page. In the pop-up registration box that appears, enter your email address and password.

Step 2: To register an account and receive a confirmation email, click the "Sign Up" button.

Step 3: By clicking on "Account Security" and selecting Authy, Google Authenticator, or SMS, you may now safeguard your account.

Step 4: You can now deposit funds to trade; however, your account has a total withdrawal restriction of $1,000 until KYC verification is completed.

Step 5: To finish the KYC verification procedure and unlock larger withdrawal limits, go to the "Settings" tab.

How to buy Solana on FTX

Buying Solana on FTX Exchange is pretty easy and you can follow the below guide to purchase your first SOL

1. Log in to your FTX account.

2. On the upper right-hand side, click Wallet.

3. Select the asset you want to Deposit by clicking the Deposit button.

4. Enter the amount you want to buy in crypto or your local money.

5. Choose a payment method. To confirm your purchase, click Deposit USD (you can always click the back arrow to make a change).

6. If all of the information is accurate, click Buy to complete your transaction.


5. KuCoin

KuCoin has become one of the most popular cryptocurrency exchanges in the world. It not only gives you access to over 450 cryptocurrency pairings, but it also allows you to trade crypto-specific indices and Bitcoin futures.

Furthermore, ordinary trading costs are only 0.1 percent, which you may lower by an extra 20% by paying using KuCoin Shares. We also appreciate that you may now deposit funds with a debit or credit card, however you will have to go through a KYC check first.

Moreover, KuCoin is that it is not a fully regulated organization. While this means you may trade crypto-to-crypto pairings anonymously.

KuCoin Features

KuCoin has grown to become one of the world's largest cryptocurrency exchanges, thanks in large part to the variety of products and services it provides. KuCoin offers a number of benefits that distinguish it from other exchanges; let's have a look at some of the top features below:

  1. Trade costs are extremely minimal at 0.1 percent, with reductions if you pay with KCS.
  2. There are about 370 distinct cryptocurrencies available.
  3. Apps for iOS and Android are available.
  4. Buy cryptocurrency using fiat money.
  5. Only a portion of KYC verification is necessary.
  6. Buy and trade cryptocurrency with ZERO costs on a peer-to-peer marketplace.
  7. Trading in futures and margin.
  8. Earn KCS coins on a daily basis with the KuCoin bonus.
  9. Lending and borrowing in cryptocurrency.
  10. Trading bot for KuCoin.
  11. Bank-level asset protection.

How to buy Solana on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Solana (SOL) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Solana to purchase. To do so, type (SOL) or (Solana) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Solana.

4. Enter the amount  of SOL you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.


6. Gate.io

Gate.io is one of the fastest-growing cryptocurrency platforms, featuring a premier Initial Exchange Offering (IEO) platform, several cryptocurrencies, leveraged margin trading, and other innovative financial services like as margins loan or loans. Despite having a robust trading engine, the platform interface is fairly cluttered and is not the greatest location for beginner investors to start.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.


7. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

Huobi Global Pros

  • A wide variety of supported cryptocurrencies.
  • Simple to use interface.
  • Low Fees for trading on the Exchange.
  • Customer service chat is available 24 hours a day, seven days a week.
  • Offer buying large amounts of cryptocurrencies on OTC Desk.
  • There is an iOS and Android app available.

Huobi Global Cons

  • It might not be suitable for novices.
  • Hard to verify new accounts (KYC take some time).

How to buy Solana on Huobi Global

Follow the steps below to buy Solana (SOL) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Solana, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of SOL you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


8. Kraken

The Kraken cryptocurrency exchange was launched in 2011 in San Francisco, California, and was one of the country's earliest bitcoin exchanges. Its Bitcoin trading platform was formally established in 2013 and has since grown to over 4 million customers in 176 countries.

The exchange provides a diverse range of investing alternatives to individuals and organizations in almost 200 countries worldwide. More than 90 cryptocurrencies, including bitcoin, Ethereum, and others, are supported by the investing software.

However, it does not provide services to traders in New York or Washington State. Kraken offers a number of extra services to institutions, corporations, and wealthy people.

Kraken Pros

  • Low trading fee.
  • Global accessibility.
  • For increased protection, there is a global account lock setting available.
  • Margin trading is available to qualified users.
  • Advanced charting and trading options are offered.
  • Crypto exchange that is completely regulated.
  • Excellent safety and security.
  • A diverse range of digital assets.
  • Crypto futures and margin trading are available.

Kraken Cons

  • For new users, the trading interface may be overly difficult.
  • Account financing may take some time.
  • High deposit and withdrawal fees.
  • There are only a few deposit and withdrawal options.
  • Markets trading platform is only available to expert traders.
  • Deposits via debit/credit card are only accessible in euro.

How to buy Solana on Kraken

Buying Solana (SOL) on Kraken is quite simple and straightforward.

1. Using the Buy Crypto button at the top of the page, pick the 'Buy' option.

2. Enter the name of the asset you want to purchase in the search area (in our case it is Solana). You may also go through the list of accessible crypto assets.

3. Enter the amount of cash you wish to spend, or use the toggle button to enter the amount of Solana you want to buy. Check that you have selected the right "Pay With" method before clicking the Preview button.

4. A confirmation screen will appear, displaying the asset volume being purchased, the stated asset price, fees, and the purchase cash amount.

5. If everything appears to be in order, click Submit Order to finish the order.

6. When buying with a debit or credit card, further validation with 3D Secure will be required.


Other Exchanges to buy Solana

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy SOL.

1. HitBTC Join Now
2. LBank Join Now
3. Bitrue Join Now
4. Digifinex Join Now
5. Crypto.com Exchange Join Now
6. WhiteBIT Join Now
7. Raydium Join Now
8. ExMarkets Join Now


Conclusion

Choosing the best cryptocurrency platform for Solana (SOL) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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