fbpx

Complete guide on how to buy Solana in the UK

how to buy Solana UK

Solana is a cryptocurrency created in 2017. Just like Ethereum, this is a cryptocurrency and decentralised platform for transactions (dApps). Solana is among the new generation of currencies that aim to make networks and transactions faster and more scalable. Actually, Solana comes with faster transaction speeds than any other known currency.

And this is exactly what makes this coin unique. Solana can process around 50,000 transactions per second, while its scalability ensures that all the transactions remain under $0.01 for both users and developers.

Although some claim Solana is sacrificing decentralisation to get faster transactions, it is one of the popular cryptocurrencies. So, if this seems interesting to you, let’s dive into more details about how to buy Solana in the UK. Read our guide for more information on how to buy cryptocurrency 2022

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to buy Solana in the UK

You can buy, send or receive Solana coins using various crypto exchanges and wallets. Here is a complete guide on how to buy Solana in the UK.

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Steps to buying Solana UK

Step 1 – Open your eToro account

Go to the eToro website and choose “join now” to create a new account. Enter your e-mail address, and set up your username and password.

Step 2 – deposit money into your account

New users can deposit from $10 to $10,000 on account, but this depends on the country and region. Also, various payment options are available so you can deposit the money with PayPal, via Wise, bank transfer, credit/debit card, online banking and many other payment methods.

Step 3 – search for Solana on the website

Type the word Solana or Sol in the search box on the top of the website. A new page with information about the coin and its value will appear. Then, click on the button Trade.

Step 4 – buy Solana in the UK

The last thing to do is to confirm your purchase. Enter the amount of money you want to invest in the order box. The minimum amount of money you can invest is $10. Next up is to check if you entered all information correctly and click Open Trade.

And this is how you can buy Solana UK in just four easy steps.

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Where to buy Solana UK

Solana is one of the most wanted cryptocurrencies at the moment. That is why many want to buy it. There are many platforms where you can buy Solana, but they do not offer the same benefits.

That is why we put a list of the best places to buy Solana UK.

Here are our recommendations.

>>>Visit eToro Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Best place to buy Solana UK

  1. eToro is the best place to buy Solana UKe

Toro is the leading platform for trading that offers a variety of tools that can help you invest in capital markets. Users can trade with various currencies on the eToro, and a holistic approach offers a chance to instantly withdraw money without fees. The platform is the fastest, safest and easiest option to buy Solana. 

As of September 2021, eToro has 24.8 million registered accounts and 2.14 million financed accounts in over 100 counties. The company is considered one of the most innovative finance companies in the world. 

With its Copy Trader asset, it allows users to replicate moves of leading traders. eToro is more than a trading company – it comes with many portfolios that teach users how to act in the fast-growing market of cryptocurrencies.

eToro also has a social platform, and users can trade with cryptocurrencies, or share their trading journey. The best thing about purchasing Solana at eToro is that you can buy it with another cryptocurrency. Simply, buy Ethereum or Bitcoin with fiat currency and then use it to buy Solana.

>>>Visit eToro Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

  1. Coinbase is an excellent place to buy Solana in the UK

Coinbase is one of the most know companies for crypto trade in the world. The company was founded in 2012 with the idea that anyone can trade with bitcoins, no matter the location.

Currently, Coinbase has over 73 million active users all over the world. It also allows users to trade with other cryptocurrencies (Ethereum, Bitcoin, Litecoin and others) and conduct exchanges smoothly. 

The built-in wallet gives you the option to store your coins into a secure digital wallet, so you do not have to rely on third-party service providers. This wallet is available on a mobile app that can be downloaded for both Android and iOs. You can buy Solana at Coinbase for $2 per transaction, and there are no minimum deposit requirements. However, charges of $0.5 for the transaction are high.

Just like eToro, on Coinbase there are various payment options at your disposal. 

>>>Visit Coinbase Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

  1. Binance – a good platform to buy Solana UK

Since its founding in 2016, Binance has grown into one of the largest crypto exchanges in the world. On Binance, users can trade with more than 50 cryptocurrencies, including platforms cryptocurrency BNB. According to experts, users invest more than $20 billion per day on Binance.

Binance is also one of the platforms with the largest trading volume. The trading fees on this platform are some of the lowest in the market. Also, there are various payment and withdrawal options available.

Binance also has an app that is perfect for those who want to trade from their phones but note that the Binance interface is suitable for experts. Beginners will have a hard time trading until they get used to the different menu options and charts.

>>>Visit Binance Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

  1. Uphold is another good platform to buy Solana UK

Uphold is a digital platform and wallet for trading with cryptocurrencies. But unlike other platforms that only allow trading with cryptocurrencies, Uphold users can also trade with national currencies, equities, and metals.

And with the automatic trading feature, users can go from one asset to another in seconds. Uphold has instant transfer options, and fees are affordable. For bank transfers, there are no fees for withdrawals and deposits. But, to fund your account over credit or debit card, you will be charged a 3.9% fee!

Best way to buy Solana UK – payment options

Now that you know where to buy Solana UK, let’s dive into the best payment options you can choose to buy Solana UK. Above mentioned platforms give you multiple payment options, but not all of them are convenient or reliable.

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Here are the best payment options to buy Solana.

  1. Buy Solana Uk with a credit card

Credit cards are one of the most convenient methods to buy Solana UK. Every platform has an option to deposit your funds using credit or debit cards.

And the process itself on eToro is easy. After you create your account or log in to your existing one, you should choose a preferred payment method. In this case, choose a credit card and enter the information about your credit card number, expiry date and the amount you want to deposit.

  1. Buy Solana UK with PayPal

PayPal is also one of the payment options, but not every exchange platform has the option to buy coins with PayPal. In fact, eToro is one of the few platforms that offer this.

And the process is very easy. All you have to do is log in to your account and select PayPal as your preferred payment option. After that, you will need to enter the amount of money you want to deposit, and you are all set up.

eToro doesn’t charge any deposit fees, but if you are looking to withdraw money, there is a $5 fee. Also, note that PayPal as a trading option is not available in every country or region.

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What to consider when buying Solana – Current prices and predictions

If you are still unsure whether you should buy Solana, here are some advantages you should consider.

Solana is very safe for transactions. The system uses “Proof-of-History” to ensure fast and secure transactions. Proof-of-History is a model in which all historical records happening in the system go through a verification process before being added to a ledger.

Solana has an incredible use case than any other crypto token. Coins can be used for participation in NFT environments, to purchase goods and services or get additional interest.  

Solana is the cryptocurrency of the future. With its amazing transaction speed and scalability, the token is nicknamed as “Ethereum killer”. Together with other smart currencies like Cardano and Polkadot, Solana competes to take Ethereum from its throne.

At the end of 2021, Solana was trading for over $170. According to some scientists, by the end of 2022, Solana will trade for $217. Predictions are that until the end of 2025, Solana may hit $1017!

>>>Find Solana on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Conclusion

Solana is up-and-coming, and many are looking to buy these coins. If you are one of them, the best place to buy Solana UK would be eToro.

The platform offers various payment options and a great community which can help you start your journey. But, the eToro is for experienced traders too. Its assets will teach you how to become like the best traders.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro.