How to Buy Solana Coin on Binance?

 

What is Solana ( SOL )

Solana is a highly functional open source project that leverages the trustless feature of blockchain technology to create decentralized finance (DeFi) solutions. While the idea and first work on the project began in 2017, the Solana Foundation with headquarters in Geneva, Switzerland, formally launched Solana in March 2020. 

So, how to buy Solana on Binance following Beginner ways?

Buying Solana on Binance

Before buying Solana Coin or any other cryptocurrency, experts recommend thoroughly researching the pricing. 

The best place to examine the pricing is on Coin Market Cap

As you can see here. The live Solana price today is $36.82 USD with a 24-hour trading volume of $1,414,725,324 USD. We update our SOL to USD price in real-time. Solana is up 4.57% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $12,616,590,926 USD. It has a circulating supply of 342,639,069 SOL coins and the max. supply is not available.

Now you can Log in to your Binance account.

Signing up to Binance

Binance is a cryptocurrency exchange where users may swap their coins. It supports the most popular coins. Binance offers a crypto wallet in which traders may keep their electronic money. Users may also earn interest or deal with cryptocurrencies using the exchange's support services.

To join up for a Binance account, go to binance.com and click sign up. Then you will be directed to select your country. Following that, you must provide your information, which includes your name, email, phone number, and so on. Another crucial element of creating an account on Binance is verifying your phone number and email address. Finally, you may download the Binance App to complete your KYC, which is required to begin trading safely.

Exchanging Solana on Binance

Deposing a Fund to buy Solana

Users can make deposits using Fiat or Spot.

Obtaining a digital coin address is required when depositing using Spot (Crypto). Users, on the other hand, can buy Solana and deposit it with a Visa card. While there are various ways to deposit via Peer to Peer, this is the most popular.

How to Buy Dogecoin via Trading?

This step is the easier way to buy Dogecoin without any risks and with 0 fees. Simply click on the "Trade" following with ''Binance Convert''. And you will not do any trade with someone else or take any risks.

When it comes to buying or selling Cryptocurrencies, trading Solana on the market is the most well-known method.

And here, you should select the Stable Coin like USDT tether, and select an amount you want to buy ( up to $10 minimal ). then you can buy.

Furthermore, you can choose the price value of SOL or any cryptocurrencies.

Let's say the current price of Solana is $34.54, but you want to buy it at a cheaper price. You can choose whatever amount you want to pay for your assets, such as ($30 SOL), and the robot will acquire it for you when the price reaches that figure. As a result, cryptocurrency traders have figured out the best way to buy and sell.

 Buying Solana via P2P

A Peer-to-peer (P2P) service is a decentralized platform that allows two people to communicate directly with one another without the need for a third party to intervene. Instead, the buyer and seller use the P2P service to transact directly with one another. 

Bottom Line

To sum up, buying Solana is one of the most straightforward and well-known transactions available today. Before purchasing any token, make sure to follow all of the processes outlined in this article and carefully analyze the pricing.