Where and How to Buy Solana Coin SOL?

October 5, 2021

How to Buy

Amrit Korpal

Solana is a modern open-source blockchain project that was founded to leverage breakthrough technologies for the next generation of dApps. Learn about the features of Solana crypto and how to buy Solana coin SOL. All this and much more in the new StealthEX article. So let’s start!

Where to Buy Solana Crypto?

If you think about how to buy Solana, StealthEX is the safest way for your exchange. On this platform, you access over 400 cryptocurrencies for your transaction. No need to provide much information or overpay, all SOL crypto purchases are transparent, non-custodial, and quick.

How to Buy Solana Coin?

Just go to StealthEX and follow the instruction below. Let’s imagine you want to exchange BTC to SOL. To make an exchange, you need to take a few simple steps:

First, you should choose Bitcoin in the left drop-down list. Then choose Solana coin in the right list of coins. 

After setting the pair it is necessary to enter the amount of BTC you want to exchange.

Here you will see the estimated amount of Solana coin that you will receive after the exchange.

Now when everything is set for the exchange, press the Start Exchange button and you will be taken to the next page.

As the second step, you need to provide the SOL token recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.

As soon as you have carefully checked all the details, you can press the Next button and you will be redirected to the Confirmation page with the information about the exchange.

Here you can revise the address provided and the amount of SOL cryptocurrency you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange.

Pressing the Next button you will be redirected to the Exchange page.

At first, you will see the address where you need to send your BTC coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.

Exchange Statuses

After sending BTC coins to the shown address, the information on the Exchange page will be renewed automatically. The Exchange page has several statuses that will change during the time of the exchange.

• The first status is Awaiting deposit.
• The following status is Confirming. This means that StealthEX is confirming the transaction you made.
• The next status is Exchanging. During this time the exchange is being made.
• Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your SOL coin.

Finally, you will be redirected to the Finish page. This shows that the exchange has been successfully made and you will receive crypto to the address provided. To be sure that Solana was sent to your wallet you can also use the Output hash shown on this page and check it in the blockchain list of transactions.

From here you can either create a new exchange on StealthEX.io or leave the page and check your SOL coin wallet to be surprised at how fast you got Solana crypto. Usually, the process is quite rapid so you won’t need to wait long.

What Is Solana Crypto? Brief History

The project was founded in 2017, and the first version of the test network was conducted in 2018. On March 23, 2020, the Dutch token auction took place. During this sale, its participants could return up to 90% of the transferred funds.

In the middle of 2020, the Solana Foundation was created to help develop the improved infrastructure. This unit works on research, including third-party teams, outreach, and educational activities. 

In autumn 2020, a cross-chain bridge together with Ethereum was developed, which allows the transfer of assets between these blockchains. At that moment, the first Stablecoin on the Solana USDC blockchain was released, and Waves also started their partnership with the Solana blockchain.

Today, developers keep improving the ecosystem. Today, there are over 400 projects, and each of them is getting more advanced daily, pushing Solana forward. One of its protocols, Saber, reached over $4 billion in total value in September 2021.

How Solana Blockchain Operates?

Unlike other popular cryptocurrency projects, Solana is a modern blockchain with no side chains or parachains.

Its high-speed transaction processing is based on the PoH solution, which enables time synchronization between nodes much faster by creating a decentralized clock. The Leader Schedule of validator nodes and the Turbine and Gulfstream data transfer protocols synchronize the interaction between nodes. 

The acceleration of synchronization between nodes in the Solana blockchain makes it fast enough to compete with complex centralized systems. Other innovations in this ecosystem include archivers that perform distributed data storage and optimized transaction recording via Cloudbreak. Solana blockchain nodes are rewarded for processing transactions in the utility SOL token.

How to Use SOL Tokens?

SOL tokens, as native blockchain coins, are transferred as a reward to nodes for program execution and block validation.

Users can apply it to:

1. Payments of commissions within the network.
2. Staking.
3. Project management by voting to change the minutes.

The Solana system can make micropayments with fractional tokens, which are called lamports. One lamport equals 0.000000001 SOL.

Solana Crypto Price Prediction

SOL price predictions are optimistic. At the beginning of January, the value of the altcoin fluctuated around $1.6. Before April, Solana rose to $40, and in May the price of the coin exceeded $50. After the collapse of the crypto market at the end of spring, the altcoin managed not only to remain at the same level but also to grow again. And with the beginning of autumn 2021, the SOL coin price skyrocketed to over $150.

If the bullish trend recovers, there is a probability that the altcoin price will soon rise to $250-300. In case investors lose interest in this altcoin, the rate may fall below $100, although given the current market situation, such a collapse in the value of Solana seems unlikely.

Cryptocurrency experts agree with a positive Solana crypto price prediction. According to Gov Capital, SOL token price will be over $2200 at the end of 2025. As for WalletInvestor, it will reach $1150 by the same time.

Summary

After all, Solana seems to be a profitable investment. The popularity of SOL is linked to the increased activity of DeFi. Thus, the total blockchain value on the Solana platform exceeded $7,5 billion. This indicates the attractiveness of the platform for individuals and companies interested in DeFi. Some experts suggest that the Solana blockchain could compete with Ethereum. Such platforms attract users amid the rise in the cost of ETH gas.

And by the way, don’t forget that now our users can purchase cryptocurrencies using fiat and we still offer the opportunity to buy crypto at fixed rates!

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