How to Buy Solana (SOL)

Are you looking for a smart contract platform that prioritizes scalability? 

You might be interested in the Solana blockchain, one of a number of competing protocols that aims to create an ecosystem of decentralized applications designed for a range of use cases. Central to its design is the network’s ability to offer faster transaction settlement times thanks to its modular network design. 

If you just want to start buying SOL right away, click the button below to begin.

The Solana blockchain aims to become the most used smart contract platform with faster transaction times and scalable network design.

There are a number of ways to buy SOL. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken.

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your SOL, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying SOL on Kraken: 

1. Sign up for a Kraken account.
   Enter an email address, username and a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can deposit crypto to buy SOL and other cryptocurrencies like BTC and ETH. In order to use cash (i.e. USD, EUR or CHF), you’ll need to provide our experts with additional documents verifying your identity. Read about our verification processes here. 
    

3. Add funds or a payment method to your account
   We support multiple funding and payment methods, whichever you choose will be based on your location and preferences. 

4. Purchase SOL!
   Once you’re done with step 3, you’re ready to purchase Solana (SOL). At this point, you’ll also gain access to all of the powerful products that make the Kraken experience beloved by millions of global traders.

Once you buy SOL, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your SOL in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

Solana is a platform built on top of Ethereum, meaning SOL can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your SOL, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to take the next step toward trading on emerging asset exchange protocols? Click the button below to buy Solana on Kraken today!