How to Buy Solana in 2024? – Beginner’s Guide

Solana is an innovative blockchain project that competes with Ethereum and has its own token, SOL. Buying Solana (SOL) has been a choice for many users interested in cryptocurrencies.

The reason for this is simple: the big difference with this crypto is its network with higher performance and low cost. That’s why it promises to grow a lot. With that in mind, today we’ll show you how and where to buy SOL quickly and easily. Check it out!

How to Buy Solana — Quick Steps

If your question is where to buy cryptocurrencies, the answer is simple. You need to go to a brokerage and follow a specific step-by-step guide. We’ll show you how to do this below.

1- Access the Binance website and register

Your first step to buying Solana is to join a cryptocurrency exchange. We’ll use Binance as an example. Select the sign up button and enter your details.

2- Confirm your Account

Next, verify your account. Simply submit the requested documents. We also recommend enabling two-factor authentication to better protect your account.

3- Deposit Money

Next, you need to top up your account with BRL. Just go to “Deposit” and choose bank deposit. Pix is ​​available.

4- Access Trade Spot

Now, you need to go to the “Trade” tab and choose Spot. See the screen that will open.

5- Choose SOL / BRL

Now, a screen full of information will appear. But, the process is simple. Search for SOL and choose the “SOL/BRL” pair.

6- Enter the Value and Buy

To finish, you just need to choose the amount of Solana you want to buy and complete the process. Simple, your spot wallet will be filled.

Note: Now, you can make different transactions or, if you wish, transfer your Solanas to other areas of Binance, such as the fund wallet.

Buy Solana on Binance

Where to Buy Solana — The Most Advantageous and Safe Brokers

There are numerous exchanges available on the market to buy Solana. If you are just starting out, the article on the best cryptocurrency exchanges for beginners will be especially useful. Here, we will also talk about 3 of the best exchanges for beginners. Check out our list of recommended platforms:

• Binance — the largest exchange in terms of trading volume. It has millions of users and is a safe choice for beginners who don’t want to face any major problems.
• Kucoin — low fees and beginner-friendly interface make it an interesting option to buy Solana.
• Bybit — with millions of registered users, this exchange allocates a large part of its budget to user security and offers low fees.
• CoinEx — has a native currency (CET), a security reserve fund, and low fees.
• Gate.io — beginner tools, educational resources, and a 24/7 chat. Lots of crypto options for those looking to explore beyond Solana.
• OKX — Chat support, low fees, and OKX Wallet make the exchange good for storing and transferring cryptocurrencies like Solana.

Below is a brief review of each broker, along with their pros and cons. At the end of the text, we point out the reasons to buy Solana in 2024.

Binance

Binance is the most popular cryptocurrency exchange in the world. If you choose to buy Solana there, you will likely have a simple and secure path. The platform accepts Pix and has security methods such as two-factor authentication. In addition, the exchange has a reserve fund for users to deal with potential security issues.

Go to Binance

Kucoin

Kucoin has a number of security features and also offers low fees. Its advanced trading features can be excellent for more experienced users who want to buy Solana. We highlight its 24/7 live chat support and the fact that the exchange accepts Pix. It was listed as one of the best cryptocurrency brokers in Brazil in 2024.

Access Kucoin

Bybit

Bybit stands out for its security strategies, including classic two-factor authentication and allocating part of its funds for protection. In addition, it stores cryptos in cold storage, that is, offline.

If you want to understand why this provides greater security, the article best cryptocurrency wallets can help you. At Bybit, you will find low fees and several trading tools. Copy trading, a feature for those who want to copy trades from other investors, is a good example.

Visit Bybit

CoinEx

CoinEx is an exchange with low fees and is very user-friendly. This makes it a good option for those who want to buy Solana. In addition, it has good security features and a reserve fund that is comparable in percentage to other exchanges on the market. Registering with the exchange is very simple.

Visit CoinEx

Gate.io

Gate.io combines a huge selection of assets with good features for beginners. If you are new to Solana and its promising cryptocurrencies, this could be an interesting alternative, although the platform is a bit complex.

You can access crypto content, the copy trading tool, and other interesting features. The exchange also has 2FA authentication and other security methods found in other exchanges.

Visit Gate.io

OKX Exchange

Fees	Available for	Support	Highlights	Access
0.18% to 0.36% 0 fees for deposit and withdrawal Advertisement	Computer, iOS, Android	24/7 Live Chat	Low rates Advanced features High liquidity	Official website

OKEx is a great platform option with advanced features and good security methods. In addition, we need to highlight its high trading volume, making it a great option to buy Solana efficiently. You can trade this crypto with hundreds of other assets. It is also a good option for mining Bitcoin and other currencies.

Go to OKX

What is Solana?

Solana is a blockchain project popularly called the “Ethereum Killer”. With excellent performance and reduced costs compared to the traditional Bitcoin and Ethereum Blockchains, it offers greater scalability and usability.

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These are two important concepts in cryptocurrencies. Its ecosystem includes not only the SOL currency, but other digital assets. The page all about Solana, for example, frequently addresses this issue. We recommend that you follow it to stay up to date on the crypto world. After all, is Solana worth buying? That’s what we’ll tell you next.

Reasons to Buy Solana in 2024

Solana is a project that does not follow market standards, being structured on a single blockchain. This has advantages and disadvantages, and the network crashes in 2022 clearly demonstrated this. However, we believe that this could still be a good investment for the following reasons:

• Since 2020, the price of Solana has grown absurdly. According to Analytics Insight, if you had invested $5,000 in this cryptocurrency this year, today you would have a profit of $220,000.
• The growth reported above is no coincidence. Solana is a cryptocurrency that operates on a high-performance blockchain, with a transaction speed much higher than that of Ethereum. In addition, it also has low fees. This means that it has greater potential as the crypto market grows.
• Investing in Solana is simpler, as with a single blockchain, it is not necessary to analyze the liquidity of each network separately.
• After the 2022 crashes, the Solana team has made several updates and continues to work on them. It is one of the best teams in the market and these improvements are yielding results.
• The ecosystem is growing, including several dApps and other products that are making the coin increasingly useful. As a result, the Solana price is generally expected to rise over time.

Conclusion

In this short article, we introduce the Solana project and the potential of this cryptocurrency for 2024. Here, you will find an important guide to know how to buy Solana and where to do it. We remind you that this is just one among many other digital assets and that each of them has its own risks. That said, happy shopping and investing!

FAQs – Frequently Asked Questions

What is Solana?

Solana is a project with different cryptocurrencies, the main one being SOL. As innovations, it brings greater performance and lower costs. It is one of the most popular currencies in the world.

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What is the future of Solana?

In the future, Solana tends to appreciate. The indicators that lead us to affirm this were described in our article. Check it out above.

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Saulo Dutra is a writer and content strategist specializing in the world of casinos and gambling, now also diving deep into the world of cryptocurrencies. Saulo has a unique background that combines his degree in Psychology and a specialization in Copywriting, SEO and UX Writing from Aldeia.cc. In addition to his interest in the world of cryptocurrencies and several other study topics, his experience includes writing and reviewing content for the gaming and gambling niche. His understanding of human behavior enriches his analysis and writing, with an in-depth look at the psychology behind gambling and sharp digital marketing skills. Saulo creates content that is not only informative but also engaging and optimized, meeting the needs of a diverse audience passionate about the world of gambling and more topics of interest.

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