How to Buy Solana in 2025

At the time of writing, SOL is one of the top five cryptocurrencies by market cap and can be purchased on several different types of crypto marketplaces and platforms. Nevertheless, we believe that using a CEX is still the best way to buy Solana safely and quickly in six simple steps:

1. Find a reputable exchange where you can purchase SOL
2. Sign up for an account with the exchange
3. Verify your identity by completing the KYC verification
4. Deposit funds to your account to fund your purchase
5. Place a buying order on Solana (SOL) and complete the trade
6. Secure the SOL by moving it to your crypto wallet

This process may be slightly challenging for a beginner, but with our guidance, you should be able to buy the Solana crypto from a Centralized Exchange (CEX) without too much hassle. We will also provide our top recommendations on where to buy Solana coin, and give you an idea on how to make the most of your newly purchased cryptocurrency.

Where to Buy Solana – Best Exchanges

The recent rise in memecoins made Solana an asset worth investing in right now. If you want to buy sol in 2025 these crypto exchanges are quite easy to use.

How to Buy SOL - Step by Step

If you need additional instructions on how to buy the Solana crypto, our comprehensive guide below will walk you through each step of the purchasing process.

Find a Reputable Exchange

To start investing in SOL, you will first need to find a safe and reputable exchange you will use to purchase the cryptocurrency. This may be a little tricky, as there are hundreds of crypto exchanges that sell the coin nowadays, and selecting the right one will require plenty of research.

Deciding which CEX is the best involves many factors, such as security, affordability, ease of use, customer support, and more.

We can help you narrow your search down to our top list of the best crypto exchanges for buying Solana in 2025. Browse our selection to find the one that best matches your needs and requirements in terms of security measures, trading pairs, accepted payment methods, and other features you deem important.

Sign up for an Account

Once you find an exchange you are willing to use to buy SOL, you will need to create an account and sign up as a registered trader on its platform.

The account creation process is somewhat different on each CEX, though generally, it is a relatively straightforward procedure that requires basic personal information such as:

• Full name
• Country of residence
• Date of birth
• Phone number
• Email address

And possibly some other information that the CEX may need from you.

During this initial sign-up process, you will also need to set up your password and additional security measures, like biometric two-factor authentication.

The process will likely also include an additional step to activate your account, like clicking a verification link on your email, or entering a confirmation PIN sent by text. Once you activate your account, you will be able to log in and start exploring the platform.

Verify Your Identity

Although your account has been activated and you have successfully logged in, you may not be able to use all of the CEX’s features yet. This is because actions such as making deposits or buying Solana are off-limits to users who have not verified their identity on the exchange.

Due to the stringent KYC (Know Your Customer) regulations, all financial institutions (including CEXs) that handle transactions are required to confirm the identity of their users before they allow them to make any transactions on their platforms.

To comply with KYC verification, you will need to upload copies of your government-issued ID and photos of yourself to the CEX. After the exchange’s system processes them and confirms your identity, you will be given full trader privileges and be able to make transactions.

Make a Deposit

After becoming a verified trader, you can use the CEX at its full capacity. The first thing you should do is add money to your account to fund your purchase of SOL.

To do this, you will need to navigate to the section that deals with deposits and withdrawals, which may be the “Wallet” or “Funding” tab or something similar. Every CEX uses its own terminology, so you may need to explore a bit to find it.

Once you are there, tap on the “Add Money” or “Deposit” button to pull up the transaction interface and follow the on-screen steps to add funds to your account. Choose your preferred payment method and deposit the amount you wish to buy SOL for.

Before you confirm your payment, be sure to check the transaction details for any unwanted transaction fees. If you are happy with the costs, finalize the transaction. If not, try using a different payment method.

Place a Buy Order

Now that your account is loaded with funds, you can buy Solana from the CEX.

To begin, you will need to locate the trading tab on the platform you are using. Depending on the terminology, this may be the “Markets,” “Spot Trading,” “Exchange,” or something similar.

Browse the list of cryptocurrencies available for trading until you find Solana (SOL), and tap on it to open the trading window.

Choose your account’s balance as the payment method for your purchase and insert the amount of SOL you wish to buy. Follow the on-screen instructions and review the charges once you are on the transaction details screen.

If you are happy with the fees applied to your purchase you can confirm the payment and complete the transaction.

Move the SOL to Your Crypto Wallet

Shortly after the transaction is finalized, the newly purchased Solana coin should be credited to your CEX account’s balance.

That said, even though you own the SOL, it is still under the CEX’s custody because it is stored in its crypto wallet. If you want to take full control of your SOL, you will need to transfer it into your own crypto wallet, where you have control over the private keys.

To do this, you will need to initiate a withdrawal in the same module where you made your deposit. Insert the amount of SOL you want to transfer, enter your crypto wallet’s public key, and confirm the withdrawal to move the crypto. It should shortly be transferred to your crypto wallet where it will be secure.

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Alternative Methods to Buy the Solana Crypto in 2025

As mentioned above, CEXs are not the only option for buying Solana in 2025, and there are several other avenues you can pursue. If you want to buy SOL from an alternative platform, here are some of the other choices you can consider:

• Decentralized Crypto Exchanges
• Peer to Peer Platforms
• Online Brokerages
• Cryptocurrency ATMs
• Crypto Wallets

While each of these options provides certain advantages to buying Solana, they also have their drawbacks and challenges. Let’s have a closer look at how they work, what are their pros and cons, and whether or not you should use them to buy SOL.

Decentralized Crypto Exchanges

Unlike CEXs that require user registration and identity verification, decentralized crypto exchanges, or DEXs, are autonomous crypto trading platforms that operate without oversight from a central authority.

While they also use an orderbook and match buyers with sellers, they don’t hold users' funds or personal data. Instead, DEXs rely on smart contracts to automate and secure the transactions when trading cryptocurrencies. As a result, they are very appealing to users concerned about their privacy and those who don’t want to share their information online.

However, using a DEX requires a certain degree of understanding and expertise in the mechanics of blockchain technologies. What’s more, you can’t use your fiat currencies on a DEX, and you need to already own some cryptocurrency to be able to buy SOL using a DEX, making them not the most beginner-friendly option.

Peer to Peer Platforms

Similar to DEXs, P2P platforms are another type of decentralized crypto exchange that operates without any central oversight or intermediation when facilitating trades. However, these platforms don’t use an order matching system, but rather, allow buyers to browse listings posted by sellers, and choose the offer they like.

These platforms also allow potential buyers to contact the seller before initiating the trade and try to negotiate better terms or an alternative payment method, which is not possible on other exchanges.

With no regulation and no smart contracts to maintain the integrity of the transactions, P2P platforms are sometimes abused by scammers and fraudulent sellers. If you want to buy Solana from such a platform, be sure to thoroughly examine your seller’s reputation and possibly use an escrow service to secure your funds during the transaction.

Online Brokerages

Another alternative way to invest in Solana is to hire the services of an online broker. Online brokerages are trading platforms that specialize in investing in traditional financial instruments like stocks, shares, and ETFs, though nowadays, many of them also facilitate crypto trading.

Buying SOL through an online broker can be a convenient option for experienced investors who have dealt with such platforms in the past, and have the need to manage a more diversified portfolio. They come with advanced trading tools and charting features for conducting detailed technical and fundamental analyses necessary for navigating multiple markets.

On the other hand, if you are just looking for a simple way to get your hands on some SOL and have no interest in being a diversified investor, it makes a little sense to buy the crypto through an online brokerage and pay the extra fees for features and services you will never use.

Cryptocurrency ATMs

If none of the above methods work for you and you are looking for a way to buy SOL through a physical purchase, you can consider buying it from a crypto ATM. These machines are safe, easy to use, and present the unique opportunity to buy cryptocurrency in an old school, in-person transaction, using cash as the payment method.

However, you need to keep in mind that not all crypto ATMs support Solana, and you may have to look for a machine that does. Most crypto ATMs are limited to working with mainstream cryptocurrencies, while some of them are even limited to Bitcoin transactions only.

Crypto ATMs may be the last resort option for people who can’t access CEXs, but they are also infamous for charging significantly higher transaction fees, so you think about that before making a decision.

Crypto Wallets

While all crypto wallets can be used to store and manage cryptocurrencies, some can even be used to buy them due to having integrated crypto exchange features.

If you already have such a wallet, you can buy the Solana crypto directly from it and save yourself a withdrawal, as the crypto will be stored in it automatically after the purchase. However, if your wallet does not have this feature, you will need to register a new one to buy SOL using this method.

While this method is certainly convenient, it may not be the most cost-effective way to purchase cryptocurrencies. Integrated crypto exchanges are typically considerably less liquid than CEXs, which means they have wider market spreads and higher price slippages.

What Can You Do With Solana?

Now that you know how to buy the Solana coin, there are several use cases that will allow you to utilize this cryptocurrency and leverage its unique features in your favor.

Since SOL is a versatile and high-performance cryptocurrency, the approaches you can take and strategies you can employ include:

• Holding it as a long-term investment
• Trading it for profit at the next market opportunity
• Using it to make online purchases
• Sending it as an international transfer
• Unlocking its true potential in DeFi

Each strategy serves a specific purpose and offers unique benefits. To get a better idea of how to apply these strategies effectively, let's examine these scenarios and explore their potential advantages and applications.

Keeping SOL Long-Term

As the crypto market expands and blockchain technologies find broader applications, the value of the cryptocurrencies that power these innovations is bound to increase. Patient long-term investors hold their positions and capitalize on the value appreciation of their assets.

If you believe that SOL has the potential to become a major player in the evolving digital economy of the future, you can take the passive approach and simply hold on to your SOL.

Selling SOL for Profit

If patience is not your strong suit and you want to take action to capitalize on market trends, you can always sell your SOL for profit. Cryptocurrencies are volatile, and their prices fluctuate frequently, giving skillful traders opportunities to buy low and sell high.

That said, day trading is a demanding endeavor that takes dedication and sharp analytical skills to master. If you are interested in becoming a day trader and making financial gains by timing the market effectively, trading your SOL can be a great place to start.

Making Online Purchases With SOL

Although most people view cryptocurrencies only as investment assets, SOL is a currency that can be used to buy things.

Granted, not every business will accept payments with SOL, but the number of online merchants who support crypto is continuously increasing.

Sending SOL Internationally

In addition to online purchases, SOL is also a great payment method for international transactions. Its decentralized nature allows it to process transfers quickly and affordably while bypassing traditional banking fees.

If you need to send money to someone abroad, convert it to SOL, send it to your recipient's crypto wallet, and have them exchange it to their native currency when they receive it. You will not only send the money faster, but it will also be cheaper than using a money transfer service.

Leveraging SOL in DeFi

Finally, if you want to maximize its potential, you could consider investing your SOL in one of its many opportunities for passive income within the DeFi space. DeFi is a rapidly growing financial ecosystem that exists outside of the traditional banking sector.

On it, you can find numerous platforms that will allow you to stake, lend, or use your SOL as collateral in liquidity pools for interest or other financial rewards. Effectively participating in DeFi has a learning curve; however, it could prove to be worth the effort.

Conclusion: Final Tips

In summary, buying Solana in 2025 is easier than ever, and there are several types of platforms you can use to do so. That said, CEXs are still the best option for most users, especially beginners who will appreciate their ease of use.

Now that you know how to buy the SOL crypto, you should also remember that buying and trading SOL effectively are two different things. Becoming a successful crypto trader takes time, effort, and countless hours of research and analysis.

Always remember that no strategy guarantees profit, and you should invest only what you can afford to lose.

FAQs on Where & How to Buy Solana