Where To Buy Solana (SOL) In 2023

Buy Solana Now

Cryptoassets are a highly volatile unregulated investment product.

Last Updated May 9th 2023
18 Min Read

Solana is a relatively new smart contract platform and one of the fastest-growing blockchain ecosystems. It was created to solve the speed, cost, and scalability challenges facing Ethereum, hence the ‘Ethereum Killer’ tag.

The altcoin has only been around for 2 years. But during this time, SOL token prices grew by 43000%, expanding Solana’s market cap to $31.6 Billion. Moving forward, it is expected to sustain this uptrend - which makes it one of the most sought-after altcoins by both retail and institutional investors.

We believe that as long as the fundamentals of the Solana project remain stable, the price of Solana crypto will increase significantly. Opportunities arise when projects like Solana are growing while the crypto market is in decline as it could play well for new investors buying at such a discount. 

If you believe that this is the right digital crypto for your portfolio, this guide will explain how and where to buy Solana in under five minutes with a regulated exchange.

How To Buy Solana (SOL) – Quick Guide

If you are looking to buy Solana with low fees in 2023, you're not alone. You’ll be amazed, therefore, to know how easily you can buy Solana right now via the eToro platform with just $10 of a minimum deposit. Follow the quickfire guide below to learn how to buy Solana coins in a matter of minutes:

  • Step 1: Open an eToro Account – For verification, eToro requires a driving licence or passport and a copy of a utility bill. Once uploaded, eToro will quickly approve your account.
  • Step 2: Deposit Funds – you can fund your eToro account with a debit or credit card, PayPal, Skrill, Neteller or bank transfer. You will need a minimum deposit of $10 to start trading Solana (SOL).  
  • Step 3: Search for Solana – go to the search bar on the eToro dashboard and type in SOL or Solana from the dropdown menu. 
  • Step 4: Buy Solana (SOL) – Finally, decide on how much money you want to invest in Solana. Then click ‘Open Trade’ to confirm. 


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Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy Solana Cryptocurrency – Best Places

You need to decide where to buy Solana before you complete your purchase. As a top potential crypto project and most demanded cryptocurrency based on investors’ preferences, dozens of crypto exchanges list this famous coin.

The best place to buy Solana, however, is perhaps through one of the cryptocurrency places and platforms reviewed below.

  1. eToro – Overall Best Place to Buy Solana
  2. Crypto.com – Best Place to Buy Solana Securely
  3. Coinbase – Best Place to Buy Solana at Low Fees 
  4. Binance – Buy Solana on the world’s largest exchange


Best Exchanges To Buy Solana Crypto

Are you researching where to buy Solana crypto now? You’re in the right place. In this article, we will inform you about the best places to buy Solana coins, their pros and features, and the important information provided will direct you to the top cryptocurrency exchanges that suit your crypto investing needs.  

Where To Buy Solana Cryptocurrency

Now there are many crypto exchanges offering the Solana crypto on their platforms. With that in mind, We have been able to shortlist the best exchanges to buy Solana through and the winners are eToro, Crypto.com, Coinbase and Binance.

But what are the best places to buy Solana today? We picked these top three exchanges:

1. eToro - Overall Best Place To Buy Solana Today

where to buy solana

eToro tops the list of best places to buy Solana because it appeals to both beginners and experienced crypto investors. It maintains a user-friendly yet resource-rich trading platform that is easy to navigate but still rigged with advanced trading tools. The exchange’s onboarding process for new traders is also quick and straightforward. Plus, you only need to deposit $10 before you can start buying Solana on the platform.

At eToro, you have the option of buying Solana tokens and keeping their private keys or trading SOL CFDs (in crypto-derivative friendly countries). The latter, plus the fact that the exchange maintains relatively fast order execution speeds, makes it perfect for day traders and scalpers. And the platform is not short of premium market research, educational content, analytic indicators, and risk management tools to ease their experience.

We also rank eToro highly among the best places to buy Solana because it maintains competitive trading fees and a transparent fee structure. When you buy Solana here, for instance, you will only have to pay a fixed commission, i.e. 1% of your trade. The variable spreads and rollover fees for derivative traders are equally competitive. Plus, the exchange lets you view all the fees acting on your trade before you hit the “Buy” button.

Further, when you register a trader account with eToro, you will have access to free wallets. First is the option of leaving your coins in the exchange and having eToro store them in secure offline vaults on your behalf. Alternatively, you can move them to the free and non-custodial eToro mobile wallet app.

Other factors that make eToro a reliable crypto exchange include the fact it supports a wide range of deposit and withdrawal methods. These include credit cards, debit cards, bank transfers, eWallets like PayPal, Skrill, and Neteller, ACH for US traders, and SOFORT for UK investors. It is one of the most regulated crypto exchanges - by the SEC and FINRA in the US, FCA in the UK, and ASIC in Australia.

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2. Crypto.com - Best Exchange To Buy Solana Instantly

where to buy solana

Crypto.com is an equally popular and one of the fastest-growing crypto exchanges. Established in 2019, Crypto.com lists all the most popular crypto coins and a wide range of trading pairs. We feature it among the best places to buy Solana today because of its fast order execution speeds. This liquidity and order processing ensure that even the largest Solana buy/sell orders fill fast and with zero slippage.

We also appreciate its user-friendliness and appeal to both beginner and expert crypto investors. It draws in newbie crypto traders with a user-friendly interface that lets them buy Solana instantly. Not to mention that Crypto.com has a smooth and straightforward client onboarding process.

It then draws in expert traders with an intuitive interface that features a host of advanced research, trading, and risk management tools. These are then complemented by the exchange’s competitive trading fees that range between 0.4% and 0.04%. Note that CRO token holders get to enjoy a 10% discount on fees if they stake more than 5000 CRO tokens on the platform.

We also appreciate that in addition to day trading Solana, you could also earn doubly through staking and saving the coins on Crypto.com. The interest made from staking or savings is highly variable and depends on the amount of SOL tokens staked and the period of saving/staking period.

Interestingly, you can also borrow against your Solana holdings on the platform. Crypto.com’s lending tool lets you borrow up to 50% of SOL holdings. The loan is instant, attracts competitive interest rates, and is repaid in instalments of up to 12 months.

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3. Binance - Best Place To Buy Solana At The Lowest Fees

where to buy solana

Binance makes it to our list of best exchanges to buy Solana because of its deep liquidity - processing in excess of $2 billion worth of crypto trades daily - and accessibility. It also makes it here because it maintains some of the most competitive crypto trading fees, between 0.1% and 0.035% - based on your monthly trading limits.

The exchange also maintains some of the fastest order execution speeds. Its advanced trading platform features the widest range of advanced trading, analysis, and risk management tools. And Binance presents its platform users with one of the widest range of Solana pairs. All these make Binance one of the best trading platforms for such active traders like day traders and scalpers.

It has also attracted massive interest from individuals and entities who wish to invest in Solana over the long term. These are drawn in by the staking and savings options that allow them to earn doubly from their Solana investment. First, they make money off interests made through staking and saving and also from value gains made when SOL token prices rise.

Like all the other major exchanges, Binance offers custody services for its clients. Therefore, when you buy Solana on Binance, the exchange can store the private keys on their secure and free offline vaults on your behalf. And these assets are secured by the largest private insurance fund for crypto investors worth more than $1Billion.

For users who don’t wish to use this crypto custody service, you have the option of moving your crypto to the free and non-custodial Binance mobile wallet app - the Trust Wallet.

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Ways Of Buying Solana (SOL)

One of the primary factors that every crypto investor ought to consider when choosing where to buy Solana is the crypto exchange’s supported payment methods.

ways to buy solana

There are multiple ways of buying Solana in 2023. Here, we look at the three most common:

In this section, we will look at the most commonly used payment options and how to buy Solana with either on the exchanges discussed hereinabove.

How to Buy Solana with Credit Card or Debit Card

You can buy Solana with credit cards and debit cards. They, after all, are one of the most preferred and most accessible payment options. The three top exchanges - eToro, Crypto.com, and Binance - discussed above will also let you buy SOL with credit/debit cards on their platforms.

But they maintain different fees for using the service.

eToro, for instance, doesn’t charge a deposit processing fee when you deposit into the platform using credit or debit cards. Crypto.com and Binance, on the other hand, maintain a 2.99% and 4.5% transaction fee for card deposits, respectively.

How to Buy Buy Solana with PayPal

The majority of crypto exchanges will not let you buy Solana with PayPal. They don’t process PayPal deposits. eToro, however, stands out as one of the few crypto exchanges where you can buy Solana with PayPal.

How to Buy Solana with Bank Deposit

Bank payments are one of the most accepted forms of payment by crypto exchanges. Most crypto exchanges - including eToro, Crypto.com, and Binance,  do not charge a deposit processing fee when you buy Solana with bank wire transfers. Some banks will, however, impose a cash transfer charge.

The upside to using bank deposits to buy Solana is that exchanges maintain higher deposit limits for bank transfers. The downside is you might have to wait a few days before the transfer is processed.

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Best Solana (SOL) Wallet 

The sheer number of digital wallets, both free and premium, available today is overwhelming. How do you find the best wallet for Solana tokens? Well, as always, we advise crypto investors to get their private keys off the exchanges and onto hardware wallets that store these keys offline.

But if you are an active trader, probably a day trader or a scalper, there still are a host of reliable hot wallets to consider. These range from mobile wallet apps, desktop wallet apps, and exchange-based web wallets.

Not sure how to choose the best Solana wallet? Consider the following key features when looking for the most reliable wallet:

  • Security
  • User-friendliness
  • Withdrawal fees and limits
  • Integrated services like exchanges, staking, and saving tools
  • Customer support

cryptocurrency wallet

Is Solana (SOL) A Good Investment?

Solana, like most other top cryptocurrencies, has its upsides and drawbacks. There are numerous factors that make the ideal crypto investment today and a few that might have you reconsider its sustainability.

It, for instance, has performed exemplarily well in the past, and the crypto community is confident that it can sustain this uptrend to the foreseeable future. This makes SOL tokens the best buy today.

On the other hand, the Solana ecosystem has been plagued by network outages. There also is the threat of Ethereum’s Merger and layer-2 networks, which may make you want to rethink its sustainability.

To help you make an informed decision on whether Solana is worth buying, let us go over these and more reasons for and against investing in Solana today.

Why Should You Consider Buying Solana (SOL) in 2023

  • Stellar past price action

One of Solana’s most visible features has to be its stellar past price action - especially over the last 18 months. Before 2021, the majority in the crypto market didn’t know Solana existed. But as the market rally kicked off in early 2021, crypto investors started rushing towards the most promising altcoins - key among them, Solana.

Solana eventually emerged as the winner in the Ethereum killer category, outperforming the likes of Avalanche, Polkadot, Cardano, and even Tezos. In the first 11 months of 2021, it grew its value by more than 14400% - peaking at $260 and pushing its market cap to an all-time high of $78 Billion.

But the value gain hasn’t been Solana’s only success. Highly successful projects have also been launched in the Solana ecosystem. These include the Samoyedcoin meme coin, the Star Atlas metaverse, Brave browser, and Serum DEX.

  • Growing investor interest in the altcoin

Solana has also attracted a lot of investors and developer interest to its platform, thanks to its unrivaled transaction speeds and low fees.

The number of both on-chain and off-chain brands that are either building or expressing interest in building on Solana has been on the rise.

These are bound to attract droves of users to the platform, effectively pushing up SOL token prices - which makes now the best time to invest in Solana.

  • Relatively new

You might also want to buy Solana today because it is considered relatively new.

Though SOL tokens have been in circulation for more than 2 years, the platform only gained popularity in the last few months.

It, therefore, is still finding its place within the market place and the majority of the crypto investors and analysts are convinced it will sustain its current uptrend.

  • Potential for future value gain

All of Solana’s features are indicative of the fact that its token prices will most likely sustain an uptrend.

It, for instance, has a long-term inflation rate of 1.5%, which most analysts believe will not impede its token’s value gain.

It also has a relatively small market cap, and its ecosystem - and SOL tokens use case - are expanding rapidly.

  • Solana is massively dynamic

Unlike most of its competitors, Solana has been massively dynamic. It has onboarded all the fast-rising crypto technologies right from NFTs to Web 3.0 and even metaverses.

This has played a critical role in fueling the SOL token price rally. Moving forward, we expect Solana to continue integrating more projects that create use cases for SOL and fuel its uptrend.  

Read Also: 7 Facts About Solana That Will Surprise You

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Risks of Buying Solana (SOL)?

Solana is new, fast, and versatile, and transactions on the platform are cheaper. It has proven its worth in the market by solving a real and urgent problem - i.e. scalability and speed in a smart contract environment while keeping costs at a minimum.  

It, therefore, becomes easy to understand why the majority of investors and analysts consider it a must-buy in 2023.

But before you buy Solana and add it to your crypto portfolio, here are a few risks to investing in SOL that you WILL need to familiarize yourself with:

  • Unstable network

Network outages are not uncommon on the Solana network. On the first week of May 2023, for example, Solana suffered its 7th network outage of the year and went dark for more than 7 hours.

According to experts, this was caused by an invasion of the Candy Machine NFT mining tool by bots. This casts a wide shade of doubt over the reliability and ultimate sustainability of the Solana blockchain.

The situation becomes particularly gloomy if you consider the growing deathly competition around the Ethereum killer space.

  • Solana prices are volatile and unpredictable

Solana token prices, like those of any other cryptocurrency, are massively volatile and unpredictable. Between January and November 2021, for instance, we have mentioned that SOL token prices rallied by more than 14400% to peak at $260. Six months later, the altcoin has shed more than 66% of this all-time high.

  • Ethereum 2.0 and Layer-2 networks

Solana is designed to be the better Ethereum - faster, cheaper, and more scalable. But Ethereum is looking to improve all of these with the upcoming ETH 2.0 upgrade.

Multiple layer-2 protocols, including Loopring, Polygon, and Arbitrum, have also been established to help scale Ethereum, improve transaction speeds, and make it more affordable.

The combination of these threatens Solana’s sustainability by making Ethereum usable, especially when you factor in its regular network outages.

Solana (SOL) Price Prediction

where to buy solana, solana price prediction

It is interesting to note that even with the ongoing crypto market-wide price consolidation, the majority of investors and analysts are upbeat about Solana’s future price action.

They believe Solana is resilient enough to survive both the ongoing bear market and the negative press brought about by the frequent network outages. There simply is too much optimism about SOL token's future price action across the board.

The majority of investors and analysts are also certain the elusive ETH 2.0 upgrade will have little to no impact on Solana’s uptrend.

One of the most popular analysts on Twitter and content creator on the “Invest Answers” YouTube channel is confident that Solana will rally to between $400 and $700 by the end of the year.

His optimism about Solana’s future is confirmed by the technical price analysis website ‘Wallet Investor.’ Its analysis expects the Solana token to appreciate by 250% and 850% in the next one and five years to reach $211 and $656, respectively.

The most optimistic SOL token price prediction is, however, provided by Gov. Capital - a crypto forecasting website that uses technical analysis and big data. Their analysis of the Layer-1 crypto indicates that it will probably reach $360 in the next 12 months before exploding and breaking above $2600 in the next 5 years.

Don't Miss: Solana (SOL) Price Predictions

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How To Buy Solana - Step By Step Guide

So far, in this post, you have learned as much as there is to know about Solana. It is now time to learn how to buy your first Solana token.

For illustration purposes, we will use the eToro trading platform. We use the exchange not just because it has a user-friendly platform but because the process of buying Solana on the platform is easy and straightforward.

Here is the step-by-step guide on how to buy Solana on eToro today:

Step 1: Open a crypto trading account

Start by creating a user account on eToro. When you click the “Join Now” button on their official website, a registration form will pop up asking for basic personal information, financial standing, and history of online trading.

open trading account

Step 2: Verify Your Identity

Given that eToro is a multi-regulated crypto exchange, it is bound to subject its clients to KYC/AML tests.

The exchange will, therefore, demand that you verify your identity before you can start buying Solana.

Step 3: Deposit Funds

Once the account is approved, log in and on the user dashboard, click on the ‘Deposit Funds’ tab. You will be provided with a list of all supported payment options, such as Credit cards, debit cards, Skrill, PayPal, and Bank transfers. Choose one and follow the prompts to complete the deposit.

fund account

Step 4: Buy Solana

On the user dashboard, click on the ‘Discover’ tab and select “Crypto,” find Solana from the list of supported crypto assets and choose “Buy.”

A trading tab will pop up, customize the trade by entering the number of SOL tokens you wish to buy - or the cash you wish to spend buying Solana - and click on the “Open Trade” button to complete the purchase.

buying cryptos with etoro

Note: eToro will deposit the purchased Solana tokens in your exchange-provided wallet. You, however, are free to transfer these coins to the eToro mobile wallet app, from whence you can withdraw them to a hardware wallet or another third-party wallet or exchange.

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How To Sell Solana (SOL)

There are two ways of buying Solana tokens, and they are both easy to use.

First, log in to your eToro wallet where you purchased Solana tokens and open a sell order for the altcoin. Here, you have the option of selling Solana coins instantly by placing a market order or selling Solana the coins at your preferred price when you place a limit order.

You may also consider transferring the coins to another exchange, say Crypto.com or Binance. On either exchange, login, and place a sell or limit order.

Where To Buy Solana - Conclusion 

In summary, our guide has taken an in-depth research and looked at where to buy Solana coins today, the best platform to choose from, and provided a  full detailed walkthrough of the investment princess. 

Solana is undoubtedly one of the fastest-growing blockchains, as evidenced by both its bulging ecosystem and rapidly rising SOL token prices.

It has become increasingly popular among traders and one of the most sought-after crypto assets by medium to long-term investors. These, and the majority of crypto analysts, are confident that Solana token prices will continue growing, which makes it worth buying today.

This popularity and investor interest can be attributed to its speedy and low-cost decentralized platform.

eToro – The Best Place To Buy Solana

Open an account with eToro, deposit some funds with USD, and finally – buy Solana from just $10.

trade crypto on etoro

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Read Also:

Where To Buy Solana (SOL) FAQs

What is Solana?

Solana is a decentralized blockchain. Like Ethereum, Solana provides crypto developers and off-chain brands with a platform where they can build and deploy smart contracts and other crypto technologies. But unlike Ethereum, Solana is faster in transaction processing and maintains lower transaction fees.

Is Solana worth buying?

Yes, Solana is worth buying because it has just posted an exemplary past price action. It has also proven its resilience and continues to draw in developers, brands, and investors to its platform. The majority of crypto experts and investors are confident that it will sustain its current uptrend and rally to newer heights in the foreseeable future.

What will Solana be worth in the next 5 years?

No one can tell what Solana will be worth in the next 5 years with utmost accuracy. Nonetheless, the majority of price forecasters are confident that SOL will most probably break above $1000 - with some like GOV Capital expecting it to reach above $2600.

Will Solana prices go back up?

Solana proved its resilience by surviving one of the most volatile in mid-2021. At the moment, the altcoin is consolidating, with its prices have dipped 66% below its all-time high, but the vast crypto community is confident that it will rebound and set sight for new highs.

What is the best place to buy Solana?

Virtually all the most popular crypto exchanges support Solana tokens. But we consider eToro one of the best exchanges to buy Solana crypto today because it has a user-friendly interface and is highly transparent about the trading and non-trading fees on its platform. eToro is also easily available and lets you buy Solana with as little as $10.

Will Solana eventually reach $100?

Most probably. While Solana was rallying in 2021, the majority of forecasters suggested that Solana could reach $1000 in the next five years. Even though some have adjusted their predictions as Solana entered the correction phase, the majority are still confident the altcoin will break above $1000 before 2025.