How to Buy Solana: Guide on Buying SOL in 2025

Since DEXs don’t need sign-ups, they offer a quick and private way to trade. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

• Alternatively, you can select the Occurrences tab within the Calendar pop-up and fill in the number of times you would like to repeat the trade.
• Decentralized crypto exchanges use smart contracts to automate order matching and settlement.
• Since Solana’s transaction fees are so low, Jupiter’s service is budget-friendly, even when aggregating multiple exchanges.
• This can be advantageous for traders moving large volumes of money, allowing orders to be filled quickly against other liquid trading pairs.

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 cryptocurrency and margin trade clampdown takes shine off bumper half at plus500 plc 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. In the past 24 hours, Tether, USD Coin, and USD have been the top three trading pairs for Solana, out of a total of 18 pairs.

You’re in!

You can buy Solana on various crypto exchanges, including Coinbase, Binance, OKX, or Kraken. Ensure your preferred platform is secure and compliant with the regulations in your jurisdiction. Your private keys are like the golden ticket to your crypto wallet; losing them means losing access to your funds. If someone or an exchange asks for your private key when conducting Solana transactions, consider it a red flag and steer clear. If your exchange doesn’t come with a wallet, you will need to move your SOL off of the platform and into a third-party wallet. To send your Solana to a third-party wallet, click ‘send’ (or equivalent) and enter your wallet address.

Once a decision on the NFT has been made, the ‘Buy Now’ button should be selected, which will open up the Phantom wallet automatically. Once connected to Magic Eden it’s time to browse all the latest, trending and most known Solana NFT’s in the the future and bitcoin a beginner guide on cryptocurrency industry. You may be asked to enter your password into the Phantom wallet. By doing so Magic Eden has been able to detect that a Phantom wallet exists within the browser, click on the Phantom wallet option to connect. Magic Eden launched in September 2021 and although it is still considered a new company it already has a valuation of over $1 Billion dollars through recent investment.

Calculate the Returns on Your Solana Investment

Additionally, it boasts Sealevel, a groundbreaking parallel processing engine that allows multiple smart contracts to run simultaneously, boosting performance even further. Despite its high-speed design, Solana remains decentralized, with a growing network of validators ensuring security and reliability. The rising interest in cryptocurrencies has placed SOL in the spotlight. As more investors look for opportunities beyond established names like Bitcoin, this player has emerged as a compelling option. However, navigating the world of crypto purchases can be tricky, and fees can quickly eat into your investment. Minimizing these fees is essential to maximizing your returns, and this is a core concern when looking for ways on how to buy SOL.

These Are The Differences Between Solana and Ethereum

• Turning to fees, each trade carries a standard fee of 0.1% for regular users but you can pay for trading fees with Binance’s native coin BNB to enjoy a 25% discount.
• It’s used to execute smart contracts, send transactions, and reward those contributing to the network’s security.
• Solana is faster and cheaper than its counterpart, but Cardano is widely considered the more reliable network of the two.
• MoonPay allows you to easily sell SOL and cash out directly to Australian dollars in your bank account.
• We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.
• The opinions expressed are the author’s alone and have not been provided, approved or otherwise endorsed by our partners.

These platforms use escrow services to hold funds until both parties confirm the transaction. Selling Solana (SOL) requires careful planning to maximize returns and minimize risks. With crypto markets remaining volatile in 2025, understanding secure exit strategies is crucial. This guide covers everything from exchange sales to tax compliance, helping you navigate the process confidently.

This guide serves up some juicy insights to help you choose the best platform for your Solana adventures—whether you’re a seasoned degen or just setting sail in the Solana seas. I have over 15 years of experience turning Wall Street bitcoin stops just short of $50000 and policymakers’ chaos into prose. I may be late to the crypto party, but I bring the curiosity of a wide-eyed newcomer to the crypto sphere. I’m most interested in the crossroads between cryptocurrencies and the wider economy.

Before confirming, double-check your details and select your preferred card. With your account funded, navigate to the exchange’s trading section and search for Solana (SOL). Most exchanges offer trading pairs such as SOL/USD or SOL/BTC. After choosing a preferred exchange, sign up by creating an account with a valid email and password.

Buy and sell crypto in minutes

Solana’s prolific past two years have placed it firmly inside the top ten cryptocurrencies by market capitalization, and it’s unlikely to drop far from there for the foreseeable future. Like all cryptocurrencies, Solana is a highly volatile asset that can easily swing by more than 10% in just a 24-hour timeframe. Even with the promising long-term potential of the Solana ecosystem, investors must be prepared for the inevitable peaks and troughs that come with owning cryptocurrency. Once you’ve set up your account, you’ll need to deposit funds to buy Solana with. We’ve listed some popular ways to buy SOL and what you should know about each payment method.

How much Solana you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels. The minimum amount that Australian customers can purchase is AU$30. Earn crypto rewards on every purchase with The Gemini Credit Card. The easiest way to check and display your new Solana NFT is to see it directly in the Phantom wallet. They can be viewed directly within the Phantom wallet, or on the Magic Eden marketplace (if this is the marketplace used to buy the NFT). You will notice how incredibly cheap gas fees are on Solana compared to Ethereum.

How to keep your Solana safe and secure

Whether you’re a seasoned trader or buying Solana for the first time, the MoonPay app gives you the tools to get it done. Its 24-hour volume, according to CoinGecko, is over $10 billion. In this guide, we’ll show you how to buy Solana, where to store it and highlight some of the best exchanges. Founded in 2017, Solana operates as an open-source platform to host decentralized, scalable applications. It is run by the Solana Foundation, while the blockchain was built by Solana Labs.

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However, Binance in particular has the highest trading volume for Solana which means less slippage in placing orders. Moreover, the trading fees start at 0.1% and can be decreased with higher trading volumes or staking BNB coins. Although exchanges will typically have advanced security measures in place, leaving Solana in a custodial wallet can be risky. If the exchange is hacked, funds are lost, or it goes bankrupt, the Solana tokens on the exchange could be lost. After purchasing SOL, buyers need to protect their investment.

PoH timestamps transactions before consensus, reducing processing time and energy use. Lump-sum investing, which means investing a large amount of money all at once, suits clear bullish catalysts (Solana ETF filings or major protocol upgrades like Firedancer, for example). Historical data shows that lump-sum outperforms DCA in rising markets but risks steep losses during corrections. Meanwhile, Exodus supports multi-chain users with its easy-to-navigate interface, though it lacks Solana-specific features. These wallets are fast and accessible but demand caution against phishing and other online risks.

Buy Solana, join the crypto revolution!

When comparing your options, look for a crypto exchange with low account minimums and trade fees. To help you get started, we researched available options and selected the top cryptocurrency exchanges for Australians. To buy Solana with your credit card choose the bank card payment option. For transactions of $150 or more, you might need to complete a brief KYC process for added security.