A Step-by-Step-Guide on how to buy Solana (SOL) in Anguilla
Step 1 – Join Coinmama You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Solana (SOL) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Solana (SOL) As soon as your deposit has been verified, you'll now have access to your funds and you can begin buying and trading. To purchase Solana (SOL) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find Solana (SOL), you will need to put the cointype (SOL) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “SOL/BTC” to go ahead.
Step 4 – Purchasing Solana (SOL) Once you have spotted Solana (SOL), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent rate Solana (SOL) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of SOL you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of SOL. If you're happy, make a mouse click on “Buy SOL”. Your order will be filled as soon as a Seller trades their SOL for the price you submitted.
Step 5 – Withdraw Solana (SOL) Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. To take off your Solana (SOL), go to the ”Funds” tab and mouse click on “Withdraw”. Solana (SOL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Solana (SOL) by using the given drop-down box. Drop in the amount of Solana (SOL) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.
Congratulations! You have successfully bought and stored Solana (SOL) in Anguilla.That's it! Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the Solana (SOL) is safe within your wallet, you are finished.
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