With the addition of NFTs into the Solana ecosystem, the SOL coin is flying. Solanart, the first NFT marketplace built on Solana, launched in June of this year, and has helped stimulate a huge growth in activity on the Solana blockchain.
Solana recently crossed over 2 billion dollars of value locked across its various projects, and as a blockchain aims to be both decentralized and also hugley scalable, with a theoretical transaction per second capability of 710,000 TPS.
For a deeper dive into this technically impressive blockchain, you can check out our asset explainer, What is Solana.
In this article we will explain how to buy Solana (SOL).
How to buy Solana with credit or debit card, bank account, and Apple Pay or Google Pay
If you don't already own crypto, the best place to buy Solana SOL with local currencies like USD, GBP and Euro is Exodus, where you can buy crypto using Ramp.
The benefit of this is that you can then keep your funds in Exodus; a self-custodial wallet which is designed in a way that nobody, not even Exodus developers, have any control over or access to your crypto.
Simply download Exodus to get started and buy SOL using USD, GBP or Euro.
How to store Solana safely in your wallet
While centralized exchanges can be excellent sources of liquidity for buying SOL, storing your crypto on a centralized exchange is not a good idea in the long term, because of the increased risk of hacks, which may result in loss of funds.
The Exodus wallet not only allows you to send, receive and exchange SOL within a beautifully-designed wallet, but it also allows users to store their own private keys, keeping them away from the cloud, and even from our own internal servers.
Being responsible for your own financial assets is the most foolproof way to protect your funds, because you don’t have to put your trust in third parties. But it’s super important that you write down and safely store your 12 word secret phrase!
The Exodus wallet is updated every two weeks, allowing us to fix bugs, strengthen our security, and introduce new assets to the wallet. There are currently over 145 assets supported on Exodus, and we offer 24/7 customer support from helpful (human!) support staff.
How to stake Solana on Exodus
Did you know that you can also stake your Solana in Exodus?
With one click on “Start Earning” inside our Rewards tab, you can put your Solana tokens to work, and start earning a passive income:
Your rewards should start to arrive in your wallet after two epochs on the Solana blockchain (approx 4 days).
With Exodus, simplicity has never been so beautiful!
This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.