What can you do with Solana?

Learn more about Solana

1. How does Solana work?

   Unlike traditional currencies, Solana is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Solana. This decentralization means the holders and users of Solana can help to maintain the network.

   ---

2. Where can I buy Solana?

   Most find that the easiest and most secure way to purchase Solana is through a reliable cryptocurrency platform like Kraken. While Solana can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Solana.

   ---

3. How much does 1 Solana cost?

   At the current market rate, it costs $226.91 to purchase one SOL. Kraken makes it easy to buy & sell Solana with confidence.

   ---

4. Can I buy $100 worth of Solana?

   Yes, Kraken offers a secure and easy to buy $100 worth of Solana. At its current price, $100 equals 0.44 SOL.

   ---

5. Is it safe to buy Solana?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Solana purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Solana investment. You should do your own research on Solana price before buying.

   ---

6. Is Solana available to buy and sell in my country?
   

   
   To find out if Kraken offers Solana in your region, please check our Support article to see what cryptoassets are available in your country.
   

   ---

7. Is Solana a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Solana may be a worthwhile purchase.

   ---

8. Can I purchase Solana using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

   ---

9. How much is Solana transaction fee?

   Kraken offers competitive fees for Solana transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

   ---

10. What is the minimum amount of Solana I can buy?

    
    You can buy as little as $10 worth of Solana on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Solana regularly.
    

    ---

11. How to buy Solana with PayPal?

    To buy Solana with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Solana, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Solana.

    ---

12. How to buy Solana with a debit card?

    You can buy Solana using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

    ---

13. How to buy Solana with a credit card?

    To buy Solana using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

    ---

14. How to buy Solana with other cryptocurrencies?

    Kraken makes it easy to buy Solana using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Solana. Browse the Solana markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

    ---

15. Can I transfer Solana from Kraken to my crypto wallet?

    Yes, the Solana you buy on Kraken is yours. Kraken makes it easy to withdraw your Solana to any hot wallet or cold wallet that supports Solana. Simply enter the external wallet address and your Solana will be in your wallet a few moments later.

    ---

16. Is it safe to keep Solana on Kraken?

    We take every measure possible to keep the Solana you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Solana. Learn more about our globally-recognized security standards.

    ---

17. What is the current circulating supply of Solana?

    The current circulating supply of Solana is 527,802,976 SOL.

    ---

Browse more crypto buying guides