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Solana is a cryptocurrency created in 2017. Like Ethereum, this is a cryptocurrency and a decentralized platform for transactions (dApps). Solana is among the new generation of coins that aim to make networks and transactions faster and more scalable. Actually, Solana comes with faster transaction speeds than any other known coin.
And this is exactly what makes this coin unique. Solana can process around 50,000 transactions per second, while its scalability ensures that all transactions remain below $0.01 for users and developers alike.
Although some claim that Solana is sacrificing decentralization for faster transactions, it is one of the popular cryptocurrencies. So if this sounds interesting to you, let’s dive into more details on how to buy Solana in the UK. Read our guide to learn more about how to buy cryptocurrencies 2022.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to buy Solana in the UK
You can buy, send or receive Solana coins using various exchanges and crypto wallets. Here is a complete guide on how to buy Solana in the UK.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Steps to buy Solana UK
Step 1 – Open your eToro account
Go to the eToro website and choose “join now” to create a new account. Enter your email address and set your username and password.
Step 2 – Deposit money into your account
New users can deposit anywhere from $10 to $10,000 into the account, but this depends on the country and region. Also, various payment options are available so you can deposit money with PayPal, via Wise, bank transfer, credit/debit card, online banking and many other payment methods.
Step 3 – Search for Solana on the website
Type the word Solana or Sol in the search box at the top of the website. A new page will appear with information about the coin and its value. Then click on the Trade button.
Step 4 – Buy Solana in the UK
The last thing you need to do is confirm your purchase. Enter the amount of money you want to invest in the order box. The minimum amount of money you can invest is $10. The next step is to check if you have entered all the information correctly and click Open Trade.
And that’s how you can buy Solana UK in just four easy steps.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to buy Solana Spain
Solana is one of the most sought after cryptocurrencies right now. That is why many want to buy it. there are many platforms where can you buy solanabut they do not offer the same benefits.
That is why we put together a list of the best places to buy Solana UK.
Here are our recommendations.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Best place to buy Solana UK
- eToro is the best place to buy Solana UKme
bull is the leading platform for trading which offers a variety of tools that can help you invest in the capital markets. Users can trade multiple currencies on eToro, and a holistic approach offers the opportunity to withdraw money instantly with no fees. The platform is the fastest, safest and easiest option to buy Solana.
As of September 2021, eToro has 24.8 million registered accounts and 2.14 million funded accounts in over 100 counties. The company is considered one of the most innovative financiers in the world.
With its Copy Trader asset, it allows users to replicate the movements of top traders. eToro is more than just a trading company – it comes with many wallets that teach users how to act in the rapidly growing cryptocurrency market.
eToro also has a social platform and users can trade cryptocurrencies or share their trading journey. The best thing about buying Solana on eToro is that you can buy it with another cryptocurrency. Simply buy Ethereum or Bitcoin with fiat currency and then use it to buy Solana.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Coinbase is a great place to buy Solana in the UK
Coinbase is one of the best known companies for cryptocurrency trading in the world. The company was founded in 2012 with the idea that anyone can trade bitcoin, regardless of location.
Coinbase currently has more than 73 million active users worldwide. It also allows users to trade other cryptocurrencies (Ethereum, Bitcoin, Litecoin, and others) and trade seamlessly.
The integrated wallet gives you the option to store your coins in a secure digital wallet, so you don’t have to rely on third-party service providers. This wallet is available in a downloadable mobile app for both Android and iOs. You can buy Solana on Coinbase for $2 per transaction and there are no minimum deposit requirements. However, the $0.5 transaction fees are high.
Just like eToro, at Coinbase there are several payment options at your disposal.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Binance: A good platform to buy Solana UK
Since its founding in 2016, Binance has become one of the largest cryptocurrency exchanges in the world. On Binance, users can trade more than 50 cryptocurrencies, including BNB cryptocurrency platforms. According to experts, users invest more than $20 billion per day on Binance.
Binance is also one of the platforms with the highest trading volume. The trading fees on this platform are some of the lowest on the market. In addition, there are various payment and withdrawal options available.
Binance also has an app that is perfect for those who want to trade from their phones, but keep in mind that Binance’s interface is suitable for experts. Beginners will have a hard time trading until they get used to the different menu options and charts.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Uphold is another good platform to buy Solana UK
Uphold is a digital platform and wallet for trading cryptocurrencies. But unlike other platforms that only allow cryptocurrency trading, Uphold users can also trade domestic currencies, stocks, and metals.
And with the auto-trade feature, users can move from one asset to another in seconds. Uphold has instant transfer options and the fees are affordable. For bank transfers, there are no fees for withdrawals and deposits. But, to fund your account by credit or debit card, you will be charged a 3.9% fee!
The best way to buy Solana UK: payment options
Now that you know where to buy Solana UK, let’s dive into the best payment options you can choose from to buy Solana UK. The platforms mentioned above provide you with multiple payment options, but not all of them are convenient or reliable.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Here are the best payment options to buy Solana.
- Buy Solana Uk with credit card
Credit cards are one of the most convenient methods of purchasing Solana UK. Each platform has an option to deposit your funds using credit or debit cards.
And the process itself at eToro is easy. After creating your account or signing in to your existing account, you must choose a preferred payment method. In this case, choose a credit card and enter information about your credit card number, expiration date, and the amount you want to deposit.
- Buy Solana UK with PayPal
PayPal is also one of the payment options, but not all exchanges have the option to buy coins with PayPal. In fact, eToro is one of the few platforms that offers this.
And the process is very easy. All you have to do is log in to your account and select PayPal as your preferred payment option. After that, you will need to enter the amount of money you want to deposit, and you are all set.
eToro does not charge any deposit fees, but if you are looking to withdraw money, there is a $5 fee. Also, please note that PayPal as a business option is not available in all countries or regions.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
What to consider when buying Solana – Current prices and predictions
If you’re still not sure whether you should buy Solana, here are some advantages to consider.
Solana is very secure for transactions. The system uses “Proof of History” to ensure fast and secure transactions. Proof of history is a model where all historical records that occur in the system go through a verification process before being added to a ledger.
Solana has an amazing use case than any other crypto token. Coins can be used to participate in NFT environments, to purchase goods and services, or to earn additional interest.
Solana is the cryptocurrency of the future. With its incredible transaction speed and scalability, the token is nicknamed the “Ethereum killer”. Alongside other smart coins like Cardano and Polkadot, Solana is vying to take the throne from Ethereum.
At the end of 2021, Solana was trading for more than $170. According to some scientists, by the end of 2022, Solana will be trading for $217. Predictions are that by the end of 2025, Solana can reach $1017!
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
conclusion
Solana is promising and many are looking to buy these coins. If you are one of them, the best place to buying Solana UK would be eToro.
The platform offers various payment options and a large community that can help you start your journey. But eToro it is also for experienced traders. Your assets will teach you how to become like the best traders.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Furthermore, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
This article is part of a paid partnership with Finixio on behalf of the financial services company eToro.
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