Apr 2
How to Buy Solana
There are many choices when it comes to choosing a crypto exchange, but if you live in the USA, my personal preference is Coinbase. It is often ranked the best exchange for beginners. This is not financial advice so always do your own research. Coinbase sells all sorts of crypto currencies, but for the purposes of this article, our focus is how to buy Solana.
Step 1: Visit Coinbase.com and/or download the app. Begin the sign-up process. You will need a valid ID and may be asked for proof of address. The verification process may take time pending where you live, PLAN AHEAD!
Step 2: Add your payment method(s). You can use a bank account (Preferably your own), PayPal, debit card, wire the money or gift cards. Thanks Grandma!
Step 3: Find Solana by selecting the “Trade” or by using the search bar. Select Solana and it will open market data and buy/sell options.
Step 4: Purchases are made in US Dollars, so know in advance how much Solana you would like to purchase. As the price of Solana, like most crypto, are volatile in price. Coinbase charges a small transaction fee ($1.99 and up). You may want to run a few basic arithmetic calculations to ensure you end up with the amount of Solana desired.
Step 5: There will be a preview section before the purchase is finalized. Here you will see the Coinbase fee, as well as the price point of Solana at the time of purchase. Review for accuracy and if all looks well, confirm your purchase.
Congratulations you now own Solana!
Thank you to our sponsors Nocturnal Laboratories.
