How to Buy Solana (SOL) in Australia

A Step-by-Step-Guide on how to buy Solana (SOL) in Australia

Step 1 – Signup to Coinmama

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Solana (SOL) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate {Solana (SOL)|(SOL) Solana}

As soon as your deposit has been approved, you'll now have access to your funds and you can initiate invest and trading. To buy {Solana (SOL)|(SOL) Solana} on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To find {Solana (SOL)|(SOL) Solana}, you'll need to insert the shortname of the coin (SOL) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we have highlighted this also. Click on “SOL/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Solana (SOL)
Step 4 – Purchase {Solana (SOL)|(SOL) Solana}

As soon as you have located {Solana (SOL)|(SOL) Solana}, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The ”Price” field will be filled with the latest tariff {Solana (SOL)|(SOL) Solana} was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of SOL you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of SOL.

When you're happy, make a mouse click on “Buy SOL”. Your plan will be filled when a Seller trades their SOL for the price you submitted.

Step 5 – Withdraw {Solana (SOL)|(SOL) Solana}

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. To withdraw your {Solana (SOL)|(SOL) Solana}, hover over the tab called “Funds” and click on “Withdraw”. {Solana (SOL)|(SOL) Solana} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Solana (SOL)|(SOL) Solana} by using the provided drop-down box. Put into the amount of {Solana (SOL)|(SOL) Solana} you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You may be requested for email/phone verification before a take off.

Congratulations! You have successfully purchased and safed Solana (SOL) in Australia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {Solana (SOL)|(SOL) Solana} is stored in your wallet, you're all done.

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