Buy Solana (SOL) UK
Solana (SOL) Price in GBP:
Current Price: £51.05 24hr: 7.69%
Solana is an open source, high performance blockchain project. Launched in 2020, it achieves its speed through a combination of proof-of-history (PoH) and proof-of-stake (PoS). Through this, Solana promises block times under a second and transaction costs that is significantly lower than any other popular blockchain platform.
Buying Solana Crypto on Binance
If you are new to the crypto space, Binance is undoubtedly one of the well-known cryptocurrency trading platforms. The massive trade volume and the options for other currencies make it the best.
Here’s how you can buy SOL with Binance:
- Sign up for an account on Binance
- Next, proceed with the verification process
- Once you are verified, you can buy SOL on Binance via Credit/Debit card, Bank Deposit, P2P trading and third-party payment
- You will receive the SOL to your account once you have successfully paid
Exchange Bitcoin for Solana
The second option is for exchanging your Bitcoin for Solana. If you already have Bitcoin, head on to Step 2.
Step 1: Buy Bitcoin
You may wish to trade Bitcoin for Solana on another exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance exchange. Note that you can achieve the same result in an easier manner by depositing GBP to Binance, in accordance with Option 2.
This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:
- Binance (recommended; buy with £GBP or €EUR)
- CEX.io (recommended; buy with £GBP)
- Sign up for an account and buy BTC straight away with your debit or credit card, or bank transfer.
- Local Bitcoins (buy with £GBP)
- Buy BTC from other Brits using bank transfer.
- Coinbase (buy with EUR)
or, click here for a detailed guide on buying BTC in the UK
Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…
Step 2: BTC -> SOL
1.Register for a Binance account here
2. Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu.
3. Select BTC from the drop-down menu, and copy your BTC Deposit Address
4. Send your Bitcoin to this address.
5. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
6. Type SOL in the search bar
7. Click the SOL/BTC link to reach the market page
8. Using the Buy SOL panel, set your Buy parameters, and click the green buy SOL button
9. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
10. When your order is filled, the exchange is complete, and your SOL will appear in your Solana wallet under the Funds -> Balances page.
Buy Solana with Credit Card
Binance supports Credit Cards. You can directly deposit GBP with your credit card and buy Solana.
Best Solana Wallets
There are two types of wallets for Solana right now: Mobile wallets and web wallets. Our recommendation is to use a mobile wallet as they’re usually a bit more secure. However, a web wallet might be convenient while transacting on a computer.
Solana Mobile Wallets
Solana Web Wallets:
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