Getting Started with Solana
How to Buy Solana
Learn how to purchase Solana tokens (SOL) through exchanges and other platforms.
1. What is Solana (SOL)?
Solana (SOL) is the native cryptocurrency of the Solana blockchain. It is used to pay transaction fees, interact with decentralized applications (dApps), and stake in the network to earn rewards.
2. Choosing an Exchange
SOL can be purchased on major cryptocurrency exchanges (e.g., Binance, Coinbase, Kraken, and others). Pick one that supports your region, offers on/off-ramps you can use, and has strong security practices.
3. Creating an Account
To buy SOL, create an exchange account and complete identity verification (KYC). This typically involves submitting personal information and a photo ID to comply with regulations.
4. Buying Solana (SOL)
After your account is ready, go to the exchange’s Buy/Trade section, select Solana (SOL), choose a payment method (card, bank transfer, etc.), enter the amount, and confirm the purchase. Consider fees, limits, and settlement times.
5. Storing Your SOL
For better control and security, move SOL off the exchange to a non-custodial wallet. Popular choices include Phantom and Solflare. For maximum security, consider a hardware wallet (e.g., Ledger) that supports SOL.
What's Next?
Now that you know how to buy SOL, let’s set up a secure wallet so you can take custody of your assets and start using apps on Solana. In the next lesson, Setting Up a Solana Wallet, you’ll learn how to install Phantom or Solflare, back up your recovery phrase safely, and fund your wallet.
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