How and where to buy Solana (SOL)

Every year has its hero - 1990 had F1 world champion Ayrton Senna - and 2021? Probably many people will say Anatoly Yakovenko, or rather his creation, that is Solana and the cryptocurrency project SOL. How to buy Solana, what is its exchange rate and what things to pay attention to before buying a cryptocurrency? You can find out everything below, you are welcome.

Solana - how to start?

The best place to start is always with good research, which is similar to fundamental analysis in its depth and ferocity. This approach will help you answer many questions that will make your purchase of Solana (SOL) calm and well thought-out.

How to buy Solana cryptocurrency?

Buying a SOL cryptocurrency is very similar to buying Bitcoin or Ethereum - just use the services of an exchange or cryptocurrency exchange. The Solan exchange rate rapidly stormed successive price peaks during the bull market of 2021. The desire of investors, including institutional investors grew, so many exchanges decided to list the cryptocurrency, including Binance, FTX, or Huobi.

Soon the honorable group will be joined by Egera, where you will find Solana tokens.

What is Solana (SOL)?

Solana is a decentralised, high-performance blockchain that enables up to 50,000 transactions per second. Solana's exceptional performance comes from the use of a new consensus Proof Of History, combined with a Proof Of Stake consensus.

The most unique feature of this project is the crypto clock on the blockchain. Solana (SOL) is a project that was inspired by Bitcoin - many investors say - that Solana is the next generation, an extension of Bitcoin that the conservative BTC community would never lead to.

Why is the Solana cryptocurrency becoming increasingly popular?

Solana spread through investors' portfolios viral, allowing it to increase in value 140 times in one year! The more people bought SOL on the exchanges, the more investors thought about buying Solana.

Cryptocurrency is not just a simple snowball that gained value because it gained value. The project is the first serious competitor and alternative to the existing VISA and MasterCard - maybe soon cryptocurrency payments will be something as common as the big two's solutions.

An additional asset that is a real magnet for investors is a consistent team that has set very ambitious points on its development map. While ambition no longer impresses anyone - through numerous projects that have failed and disappeared - Solana has an element of determination and the aforementioned consistency.

Its team, led by its creator - Anatoly Yakovenko - has met its goals and is developing Solana at a rapid pace, making this particular Cryptocurrency stand out among other cryptocurrencies that are fading in its shine.

How and where to buy Solana (SOL)?

The huge popularity of this cryptocurrency has made the question How to buy Solana?, can be answered quickly and in a very simple way! Solana is among the top 10 cryptocurrencies in terms of capitalization, and this translates into the number of places where you can buy Solana!

Buy Solana cryptocurrency at the currency exchange!

Soon, SOL will be coming to Egery's exchange office, allowing you to exchange FIAT currencies directly for Solana cryptocurrency, but at the moment, the purchase is a bit more complicated, and it is not possible to exchange directly into PLN or other local currencies.

Fortunately, the dynamic development of the project means that the dollar will not be the only trading pair for SOL and you will buy cryptocurrency in the Egera swap! Then just one click will stand between you and the instant exchange of Egera to PLN.

If you want a higher level of security for your SOLs, send them to Solana's dedicated wallet or to Ledger's Nano S or Trezora hardware cryptocurrency wallets, which boast the highest level of security in the crypto market.

Buy Solana (SOL) on the stock exchange

The safest alternative to a currency exchange is a cryptocurrency exchange. Cryptocurrencies from an exchange are cheaper, because there is no phenomenon of spread, which takes place in a currency exchange, after all, the exchange is a place where the price is set by traders.

Keep in mind that an exchange will require you to be marginally more advanced than a currency exchange, and in return, it will put numerous tools in your hands to make investing in cryptocurrencies safer and more enjoyable.

We mean automation solutions like Take Profit or Stop Loss, so that your SOL will sell automatically when the price reaches a critical (but set by you) level.

The most unique feature of the exchange is the ability to list at your own prices, which is an important asset for more advanced investors who want to optimise their profits every step of the way.

Take a look at the Egera exchange and trade cryptocurrencies and soon SOL!

Solana storage wallet

A popular and safe choice is to store SOL on hardware wallets like the aforementioned Ledger and Trezor, but many investors store their cryptocurrencies on exchanges, where funds are not always safe...

Alternatives to exchanges that don't require the purchase of a physical wallet include desktop and web wallets. In the former category, you'll find Exodus Wallet, among others, which allows you to store a wide variety of cryptocurrencies - not just Solana. The advantage of Exodus is the ability to Stake SOL!

Other portfolios that enable Staking are SolFlare and Phantom.

What to look for when buying Solana?

Be sure to pay attention to the current exchange rate before buying Solana, but depending on what goals you want to achieve and how much you want to hold SOL in your portfolio, you will need to look at the exchange rate in a broad or narrower perspective.

For long-term holders, a historical price, going back to the last year or last few months, is most useful. For those who intend to take short-term profits from the SOL, a 4hr or 12hr price may prove more valuable and easier to pick out moments to buy.

For those who play derivatives, technical analysis and numerous indicators, such as Bollinger Bands, which have recently become very popular, will prove most useful.

Will such analyses be useful for long-term investors, who will hold SOL both at the lows and at future highs? In the opinion of experienced investors - no - with long-term investing, fundamental analysis of the project is more valuable.

Therefore, always remember to do in-depth research before you buy Solan, which will always save your cryptocurrency portfolio.

If you're looking to buy SOL, you'll soon be able to use Egera, where you can exchange cryptocurrencies in record time!

Solana calculator - how does it work?

The digital currency calculator on Eger is an accurate calculation of how much you would buy cryptocurrencies for a certain amount of money, but also how much you can receive in funds if you sell.

The Solan rate is one thing - and conversion is another, check before you visit the exchanges and buy SOL!

Buy or sell Solana on Eger!

Now you know how to buy Solana step by step, you know how to do it, on which platforms and the value behind the project and the cryptocurrency. We hope the content you have read has helped you take one step forward towards safe cryptocurrency investing!

Also check out other sources on Solana that are educational and find the perfect times to buy cryptocurrencies - in any time frame! The best resource for getting to know the project and its team more closely is the whitepaper, which you can always find on the project's official website.

Egera is not responsible for investment decisions made as a result of the article. The content is not investment advice and should not be taken as an encouragement to trade cryptocurrencies.

Start your trading journey right here!

...or just keep calculating prices


Table of Contents