Solana (SOL) is currently one of the hottest cryptocurrencies in the crypto market. The asset continues to impress investors, and many wonder how to buy Solana UK easily.
This guide provides all you need to access Solana. You’ll also learn about where to buy Solana in the UK and why the SOL is one of the best cryptos to buy this year.
How to buy Solana UK 2022
Let’s consider how to buy Solana in the UK. While many places allow you to buy SOL, we recommend using eToro. To make your purchase, follow these steps:
- Step 1 – Sign Up: Head over to the eToro home page and click on “Join Now.”
- Step 2 – Verify Your Identity: Submit your government-issued ID card and proof of residence to verify your identity.
- Step 3 – Deposit Your Funds: eToro allows you to deposit money using different channels, including bank transfer and credit/debit cards.
- Step 4 – Buy Solana: Search for “SOL” in the search bar and click on “Open Trade.” confirm your details and proceed.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to buy Solana Coin in the UK – top exchanges reviewed
For where to buy Solana in the UK, there are many crypto exchanges that allow you to invest in Solana, but the following are the best:
- eToro: The best place to buy Solana
- Huobi: Most versatile crypto platform
- Crypto.com: Best option for newbie investors
eToro: the best place to buy Solana
Among the many options available for where to buy Solana UK, eToro is one of the best Bitcoin trading platforms. This broker combines ease of use with longevity that inspires trust. As a result, investors can make SOL purchases as easily and as quickly as possible.
Founded in 2007, eToro operates in over 50 countries and has offices in several top jurisdictions – including the United States and the United Kingdom. The platform is regulated by multiple top-tier watchdogs, including the UK’s Financial Conduct Authority (FCA), CySEC, and ASIC.
The platform is also very easy to use, allowing investors to get around its interface without breaking a sweat. With a minimum balance of just $10 and there are tight spreads on crypto trades, eToro is the perfect option for new investors looking to buy Solana UK.
eToro has a CopyTrader feature that allows you to copy the trades of other experienced traders.
Pros
- Low minimum balance
- Outstanding social trading feature
- Strong security features
Cons
- Charges an inactivity fee
Buy SOL on eToro Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Huobi: Most versatile crypto platform
Huobi is one of the largest crypto exchanges in the world. It’s a regular fixture on the CoinMarketCap top 10 ranks, and it has millions of customers handling billions in trades daily.
Founded in 2013, Huobi is based in Seychelles but operates out of its headquarters in Singapore. The exchange operates based on a regulatory exemption granted by the Monetary Authority of Singapore (MAS), and its services are available in over 100 countries.
A deeply liquid exchange ensures that your buy SOL orders are completed in seconds. Huobi is also popular for its suite of additional features, including cryptocurrency staking and a full-fledged trading platform.
It also boasts of additional services like crypto loans and P2P trading. Huobi makes it easy to make money with your SOL with these features. It’s a great option for investors looking for how to buy Solana in the UK and put their money to work for them.
Pros
- Impressive additional features
- User-friendly platform
- Deep liquidity
- Yield-generating opportunities
Cons
- Not so beginner-friendly
Buy Solana on Huobi Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Crypto.com: Best option for newbie investors
Crypto.com is a promising crypto exchange that has recently gained massive attention after a huge marketing blitz. The company’s significant growth shows its commitment to bringing crypto to everyone.
Crypto.com is a Singapore-based crypto exchange that aims to bring crypto to the masses. The exchange is currently licensed by the Malta Financial Services Authority (MFSA), and it operates in over 50 countries of the world.
This leading crypto exchange offers everything you need to buy Solana easily as a major exchange. It is easy to use, offering a unique and beginner-friendly platform. It also charges no fees on transactions, and its trading fees are among the lowest in the market.
For investors looking to put their finances to good use, Crypto.com offers features like staking, where investors can earn passive income on their crypto funds.
Pros
- Numerous crypto payments
- Low fees on trading
- Over 150 coins available
Cons
- Average customer service
Buy Solana on Crypto.com
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Solana crypto?
SOL is the governance token for Solana, a high-performance blockchain that has become rather popular in the past few years.
Solana is a public, open-source blockchain platform that supports decentralised applications (dApps) thanks to smart contracts. Created in 2017, the blockchain boasts a theoretical transaction throughput of 65,000 transactions a second — one of the highest in the market right now.
Over the past two years, Solana has become more in-demand with booms in spaces like decentralised finance (DeFi) and non-fungible tokens (NFTs). More developers are looking to capitalise on its transaction efficiency and scalability to build. Also, Solana’s SOL token has become a hit among investors.
Is Solana a good investment?
If you’re still wondering whether to buy Solana coin, here are some reasons that could convince you to invest:
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Backed by a solid project
Crypto experts will always recommend buying coins affiliated with impressive crypto projects. Well, you can barely find a better coin than SOL based on this recommendation. The Solana blockchain has become a cornerstone of the crypto market, and SOL investors are sure to benefit from that.
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Becoming an Ethereum killer
Solana’s growth over the past year has been nothing short of astronomical. The blockchain is looking to dethrone Ethereum as the industry’s de facto leader, and it has so far done an impressive job.
As more developers build on Solana, the prospects for SOL continue to grow.
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An impressive discount right now
Currently, the Solana crypto price is at a 575 discount from its all-time high. This goes to show that there’s a lot of ground to be gained — and a lot of gains to get from SOL.
Solana price
Solana currently trades at $86.07. While drops are never good, it’s worth noting that this appears to be a correction. SOL still has good technicals, so investors still have a lot to be excited about.
Solana price prediction
With 2022 well underway, different sources have provided forecasts for Solana and what they think its price will be over time.
Some market analysts currently believe that SOL could hit $298 by the end of the year. The algorithm-based site also sees a price of $1,123 by 2027.
Other market speculators were also bullish, sharing a possible price forecast of $134 by the end of the year. As such, the SOL outlook stands at $142 for 2022 and $2,952 by 2030.
Best Solana wallet
Cryptocurrency wallets are devices used to store public or private keys for cryptocurrency transactions.
Now that you know how to buy Solana in the UK, you should know how best to store your Solana crypto. Normally, platforms that allow you to buy Solana will offer you their wallets. These wallet platforms make it easy for you to buy and sell, as well as to send and receive SOL whenever you’d like.
So, if you’re wondering how to buy Bitcoin in the UK and other cryptos like Solana, we recommend using the eToro Money wallet to store your digital assets. This digital wallet is easy to use, just like eToro itself.
Conclusion
Solana is currently making waves in the market. Analysts believe that the asset’s price could increase as its blockchain keeps soaking up Ethereum’s market share. Excited about the future of blockchain technology? Then you should be excited about buying the Solana coin.
While there are many options for buying Solana in the UK, we recommend using eToro. With tight spreads, low fees, and innovative copy trading tools, eToro offers everything you need to buy cryptos safely and easily in 2022.
Buy SOL on eToro Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 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 financial services company eToro.
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