You want to buy Solana crypto but you don’t know where to start. Do not panic, this guide will help you. To invest in Solana, platforms regulated in France such as eToro and Binance are perfectly suited. Discover this guide which will accompany you in the purchase of SOL step by step.
How to buy Solana (SOL) in 2022? Simple and fast method
Summary
- On which platform to buy Solana
- How to buy Solana with eToro?
- Some other platforms to buy Solana
- What is Solana?
- Should you buy Solana in 2022?
- FAQ: frequently asked questions about Solana
- Since when does the Solana blockchain exist?
- What are the use cases of SOL?
- How to follow the course and the price of Solana?
- How to secure your SOL?
On which platform to buy Solana?
For’buy SOL crypto, choosing the platform is the first step. This choice is made according to several criteria depending on what is important to you, whether in terms of the costs of buying or withdrawing the Solana crypto, the additional services offered, the security, the ergonomics of the platform, and more.
Your investment experience is also an important criterion. If you are a newbie, it will be better to choose an ergonomic platform to be able to buy Solana cryptocurrency with ease.
In this precise case, eToro is the most suitable choice to buy SOL crypto since the platform is very easy to use. In just a few clicks, you will be the owner of SOL tokens.
The table below containing the most important criteria is there to guide you in this first step of the acquisition of Solana.
| Platform | SOL purchase fees with credit card | SOL purchase fees with transfer | SOL withdrawal fees | Other services offered with the SOL | |
| eToro | 1% | 1% | 2% + Blockchain Fee | copy-trading |
Buy SOL on eToro |
| Binance | 2% | Free | 0.01 SOL (Solana)
0.0026 SOL (BNB Chain) |
From 6 to 19% / year in staking |
Buy SOL on Binance |
| FTX | 3.3% | Free | No charges | 6% / year in staking |
Buy SOL on FTX |
| Bitpanda | 1.8% | Free | 0.001 SOL | 4% / year in staking |
Buy SOL on Bitpanda |
| SwissBorg | Not possible so far | Free | 0.01 SOL | / |
Buy SOL on SwissBorg |
How to buy Solana with eToro?
It is very easy to buy Solana crypto with eToro. With this tutorial, a few minutes will be enough to get you SOL. In addition, one of eToro’s strengths is its registration as a PSAN, a status issued by the Autorité des marchés financiers (AMF).
To get started, create an account on the crypto broker eToro by clicking on the following button (affiliate link) and then click on start investing :
After creating your account, eToro will ask a few questions to measure your investment knowledge. The broker will also ask you to verify your account using your phone number and an ID. This is a necessary step since eToro is registered as a PSAN.
Once your account has been validated, you will need to fund your eToro wallet with euros. To do this, click on Make a deposit in the middle of the dashboard:
It is possible to make a deposit by two means, credit card and bank transfer. Deposit fees are the same for both methods on eToro.
Finally, enter the amount that will be used to fund your eToro wallet in euros to then buy Solana. Please fill in the necessary fields then click on Deposit :
Your euros will be deposited in your eToro wallet after a few moments. Then just search “Solana” or “SOL” at the top of the page, and click on Invest :
Finally, fill in the amount you want to invest in the Solana, 100 dollars here, then click on the ” Invest “.
Congratulation ! You are now in possession of SOL tokens ! You can do whatever you want with them, like sending them to an external wallet.
Some other platforms to buy Solana
Solana is one of the most popular and valued cryptocurrencies on the market. It is therefore logical to see this cryptocurrency available on most platforms such as Binance, FTX, Bitpanda or even SwissBorg.
Each exchange has its own strengths and weaknesses, and their ergonomics differ. In addition, additional services are offered there such as stakingin order to give investors the option of generating passive returns with the Solana crypto.
Even if you bought SOL on eToro, you can stake them on another platform by transferring them.
What is Solana?
the FLOOR is the cryptocurrency of Solanaa blockchain created with the objective of being highly scalable and facilitating access to decentralized finance (Challenge). Solana is theoretically capable of processing 65,000 transactions per second thanks to its consensus model Proof of History (PoH), making it one of the fastest blockchains in the world.
In addition to being very scalable, Solana blockchain transaction fees are very low averaging $0.00025 per transaction, again making it one of the cheapest blockchains in the industry.
Solana is one of Ethereum’s biggest competitors and for good reason, its ecosystem has grown exponentially since its deployment. More than 350 projects are developed there, whether in DeFi, Play-2-Earn or non-fungible tokens (NFTs).
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Should you buy Solana in 2022?
Solana ranks 9th among the most capitalized cryptocurrencies in the world at the time of this writing, making it very popular crypto. With an estimated valuation of $10.9 billion, one has to wonder if Solana still has room to grow given its potential.
Like many other cryptocurrencies, Solana has reached its peak in November 2021 and has since fallen by around 85%. This is a severe correction due in part to the bear market that the cryptocurrency market is going through.
In these types of situations, it is a question of analyzing the Solana ecosystem's activity, the community's support and the project's sustained development.
In 2022, adoption of the Solana blockchain continues to grow with its integration into the Opera browser, the famous NFT OpenSea platform, but also on Instagram. The development team also launched Solana Pay to enable payment with SOL on e-commerce stores.
Finally, new projects are developing in the Solana ecosystem, and the team intends to support the ecosystem with dedicated funds, such as the $100 million fund deployed in South Korea in 2022.
However, it should be emphasized that the Solana blockchain was singled out in 2022 due to several hacks and network outages which may have eroded the confidence of some investors.
We therefore recommend that you form your own opinion on the relevance of an investment in the Solana, by informing you as much as possible about the project to judge whether or not it is interesting to own SOL tokens.
FAQ: frequently asked questions about Solana
Since when does the Solana blockchain exist?
The Solana blockchain was born in March 2020its SOL cryptocurrency is therefore recent, but has enjoyed a very rapid rise in 2021.
What are the use cases of SOL?
The Solana blockchain having an on-chain governance system, it is possible to stake your SOL tokens to generate passive returns and possibly contribute to the proper functioning of the blockchain by validating transactions. Moreover, for interact with apps in the Solana ecosystem, whether in decentralized finance (DeFi) or NFTs on Solana, you must have SOLs. Indeed, cryptocurrency is used to pay the costs of running blockchain smart contracts and to process network transactions.
How to follow the course and the price of Solana?
You want to know the course of the Solana in dollars or euros? Our SOL crypto price tracker page is sure to meet your expectations. The price is displayed there in real time with other important information such as the price graph, the capitalization or even price and capitalization converters.
How to secure your SOL?
Securing your SOL tokens is crucial for their protection. To do this, just use a wallet that supports the Solana network like Phantom. As this is not compatible with the Ethereum Virtual Machine (EVM), it is not possible to use wallets like MetaMask to secure your SOL. For more security, a physical wallet like those offered by Ledger is an interesting solution for storing SOL.
Since when does the Solana blockchain exist?
The Solana blockchain was born in March 2020its SOL cryptocurrency is therefore recent, but has enjoyed a very rapid rise in 2021.
What are the use cases of SOL?
The Solana blockchain having an on-chain governance system, it is possible to stake your SOL tokens to generate passive returns and possibly contribute to the proper functioning of the blockchain by validating transactions.
Moreover, for interact with apps in the Solana ecosystem, whether in decentralized finance (DeFi) or NFTs on Solana, you must have SOLs. Indeed, cryptocurrency is used to pay the costs of running blockchain smart contracts and to process network transactions.
How to follow the course and the price of Solana?
You want to know the course of the Solana in dollars or euros? Our SOL crypto price tracker page is sure to meet your expectations. The price is displayed there in real time with other important information such as the price graph, the capitalization or even price and capitalization converters.
How to secure your SOL?
Securing your SOL tokens is crucial for their protection. To do this, just use a wallet that supports the Solana network like Phantom. As this is not compatible with the Ethereum Virtual Machine (EVM), it is not possible to use wallets like MetaMask to secure your SOL.
For more security, a physical wallet like those offered by Ledger is an interesting solution for storing SOL.
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