How to Buy Solana

(SOL)

What is Solana (SOL)?

Solana is an open, public blockchain platform that runs using a proof-of-stake (PoS) consensus mechanism. Many believe that the faster throughput and affordable transactions make Solana a solid alternative to Ethereum as a smart contract platform. Solana was launched in April 2019 and is maintained by Solana Foundation in Geneva and the San Francisco-based Solana Labs. Anatoly Yakovenko is the co-founder and CEO of Solana, who had previously worked for Dropbox and Qualcomm.

What can you do with Solana?

Hold Solana

Many people buy SOL for profit expectations and benefit from its long-term gains. If you have a "buy-and-hold" strategy, we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade Solana

Buy and Sell SOL with ease on CoinSmart. You can also use our SmartTrade to swap SOL with other cryptocurrencies in one simple step.

Stake and Earn Solana

Being a proof-of-stake-based system, you may participate in the network governance by delegating your SOL to a Solana staking pool. Earn SOL staking rewards on autopilot.

Send Solana

Two parties can easily send SOL to each other irrespective of their geolocation, provided they have a compatible wallet.

Participate In DeFi

Solana currently has one of the top 5 biggest DeFi ecosystems by total value locked (TVL). You can use the network to interact with the various DeFi apps without paying bloated gas fees.

Spend Solana, Buy NFTs

Solana has managed to build up a very healthy NFT ecosystem. Not only does it have interesting native projects (like Sol Apes) but it has managed to attract celebrities to its platform as well (including former US first lady Melania Trump).

GetSmart About Solana

You can read our series of in-depth articles on Solana and learn how it works on CoinSmart's GetSmart Hub.

Steps to Buying Solana

Purchase Solana with Credit Card

With CoinSmart, you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Solana with Bank Transfer

Use bank wire transfer, bank draft, and Interac e-Ttransfer to instantly fund your account on the very same day and buy SOL.

Purchase Solana with Other Cryptos

Use SmartTrade to convert one of your other cryptos to SOL in one step. SmartTrade allows you to instantly buy and sell Solana and other cryptocurrencies.

Why Buy SOL
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

SOL Trading Now In Your Pocket

CoinSmart gives you on-the-go access to SOL and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer (shall we add marketplace status here on?). In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk