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Solana is the new blockchain project that aims to create an open-source, decentralized platform for smart contracts. Solana has been designed from scratch with security in mind and will be built on top of Ethereum’s public chain technology. The team behind this project has already released their whitepaper, which provides detailed information about how they intend to achieve what they are trying to do. They also offer some interesting insights into why they believe cryptocurrency like Bitcoin and Etherium aren’t going anywhere anytime soon.
The main goal of Solana is to make sure that all transactions made through its network are secure by using cryptography. This means that no one can hack or steal your money as long as you use the system correctly. It also allows users to send payments without worrying about third parties such as banks getting involved. In addition, there won’t be any transaction fees when sending funds across the network because everything happens automatically.
How can I buy Solana
You can purchase SOL tokens via either Binance or Kucoin. You’ll need to deposit ETH first before purchasing SOLA. SOL tokens can then be bought at the market price once available. Once bought, you should receive them within 24 hours. If not received after 48 hours, don’t hesitate to get in touch with support@solanaplatform.com.
PayPal
Solana accepts Paypal deposits directly. This has become our preferred method due to ease of use and speed. Please note: They cannot accept PayPal if you wish to withdraw your coins back to another wallet. This is because they don’t want people losing access to their wallets while waiting for withdrawals to go through.
Buying Solana with a credit card?
Solana does NOT currently offer direct purchases with credit cards. From there, you can easily exchange these coins for SOLA. They hope to add credit card payment options very shortly, but until then, they suggest exchanging your BTC/ETH for SOLA instead.
Bank Transfer
Solana accepts bank transfers directly. We recommend transferring your funds to a SEPA account so that you get the best rate possible. Make sure to enter ‘SOL’ in the search bar. After entering your details, click ‘go now.’ Then select ‘Transfer EUR’ under ‘Select currency.’ Enter your full name, address, and email address. Click continue. Select ‘SEPA transfer.’ Choose whether you would like to pay in Euros or British Pounds. Finally, choose where you’d like us to deliver your coins. Your order will take around five days to complete.
Where to buy Solana
The following are some of the places you can purchase Solana. They include exchanges, this website offers an excellent service called CoinSwitch. you can see exactly how much each coin costs in different businesses. Input the amount of SOLA you want to buy and press calculate.
Coinbase
If you’re looking to trade other currencies for SOLA, Coinbase is probably the easiest way to do so. Just signup here and start selling instantly.
Kucoin. Another popular crypto exchange is based out of China. With over 300 altcoins listed, including SOLA, you can find many good deals here. You can get the best rates on Bitcoin pairs.
Bittrex
One of the most trusted US-based exchanges. The site itself looks clean and easy to navigate. There’s an option to view charts that shows the current prices of various cryptocurrencies.
Gemini
An American-regulated broker was offering both spot and futures contracts. Gemini provides USD pricing for bitcoin and ether. In this platform, you can get the best rates when converting between fiat and digital assets.
OKEx
Based out of Singapore, OKEX is one of the largest exchanges by volume. It also allows users to make margin trades. Margin trading means borrowing money from the exchange to increase leverage. In return, you have to put down 10% as collateral.
Poloniex
Here you can buy Solana using either Ethereum or Litecoin. Poloniex charges 0.1% per transaction fee. This is the cheapest place we’ve found to buy SOLA at present.
Conclusion
We hope you enjoyed our review of Solana. Another thing you need to understand is that Solana is still relatively new compared to its competitors. However, it seems to be gaining traction quickly. If you’re interested in purchasing SOLA, then this is the right guide for you!
