How to Buy Solana (SOL) Cheaply

Solana has quickly gained traction as a promising digital asset, and this has led to a steady increase in demand for SOL tokens.

This guide will help you buy Solana at the best price. We’ll clarify the factors affecting purchase fees and give tips for acquiring SOL as cheaply as possible.

Fees For Purchasing Solana

Before you begin purchasing SOL, you need to understand the pricing structure, which changes based on the purchase type. Let us take a deeper look at each of them.

Crypto Exchange Fees

The first way is to pay with a debit card through crypto exchange with on-ramp like Cryptomus. For example, on the Cryptomus platform, through partners like Mercuryo, you can purchase SOL using a bank card for costs ranging from 3% to 5%.

Trading Fees (Crypto-to-Crypto)

If you currently own another cryptocurrency, such as USDT or ETH, you may quickly convert it to SOL via a cryptocurrency exchange like Cryptomus Exchange. The trading fee ranges from 0.04% to 0.1%, making it one of the most affordable options available. However, because this method presupposes that you already own cryptocurrency, it is not appropriate for people purchasing cryptocurrency for the first time or using fiat.

P2P Exchange Fees

The second option is to buy Solana through a peer-to-peer exchange, directly buying from another user. This option is frequently the most advantageous because it charges the lowest fees for purchasing cryptos. For example, Cryptomus P2P is a great alternative with a charge of just 0.1%.

Ways For Cheapest Acquiring Solana

Buying SOL without fees is impossible due to the nature of the blockchain, as every transaction requires a certain amount of SOL. However, you can take several approaches to guarantee you’re getting the most value when purchasing Solana.

Crypto Exchange

To buy Solana through a crypto exchange, select a reputable provider that accepts the fiat currency you require. For instance, the Cryptomus platform accepts over 40 fiat currencies, providing you a diverse selection. To make a purchase, first select SOL as the cryptocurrency you want to buy, followed by the fiat currency you want to pay with. Enter the amount of SOL or fiat cash you want to spend on the transaction, and the numbers will be immediately converted. Then, all you have to do is confirm the purchase by inputting your bank card information.

P2P Platforms

To purchase Solana using cryptocurrency exchanges, you must select a reputable platform. P2P exchanges allow you to choose your payment method and transaction terms. When you've found reputable sites, select the cheapest exchange to buy SOL.

A great option could be the Cryptomus P2P platform, which offers high security measures like 2FA, AML policy, and PIN for its users. The big advantage is the low commissions of 0.1%, which is very important for an exchange, as we mentioned earlier. To buy Solana, you need to register on the platform and go through KYC verification, which will take you a few minutes. Set filters: specify SOL as the desired cryptocurrency to buy, and select fiat and payment method. Next, choose the most suitable offer from the proposed list and contact the seller to discuss further details of the transaction.

Trading on Exchanges (Crypto-to-Crypto).

If you already own cryptocurrency, you can exchange it for SOL directly on cryptocurrency exchanges. Pay attention to the exchange's liquidity: the higher it is, the faster and easier it will be to complete a transaction at the best market rate. A fantastic choice is the Cryptomus Exchange, which has minimal commissions and a simple interface that even beginners can utilize. To initiate a transaction, pick the chosen trading pair and enter the amount of SOL you wish to purchase. One number will be immediately changed to the other on market terms.

How to Buy Solana Cheaply?

We've developed a guide for you on how to acquire SOL in one of the most profitable ways, via P2P platforms. To complete the transaction successfully, follow the steps below.

Step 1: Select a cryptocurrency exchange and sign up.

The platform must meet security requirements, adhere to AML policies, and support PIN and 2FA. This is vital to protect your data and finances.

Go to the preferred platform's website and create an account. The process is usually quick and takes simply your email address or phone number.

Step 2: Verify your identity.

Complete the KYC verification process to gain access to financial transactions. The process takes only a few minutes: take a photo of your ID, then take a selfie and upload it to the site moderators for verification.

Step 3: Set filters.

Go to the main page and specify your purchasing filters: SOL, fiat currency (USD, EUR, etc.), and desired payment method like PayPal, Chase, or Cash App

Step 4: Choose an offer or build your own.

View deals from verified sellers. Find the best price and rating. To ensure security, only trade with verified merchants. If you can't find an appropriate offer, make your own and wait for responses from merchants.

Step 5: Complete the transaction.

Discuss the terms of the transaction with the seller: find out their bank details and send them your crypto wallet address. Begin the transaction and follow the instructions. Once your payment is validated, the SOL will be transferred immediately from the escrow account to your Cryptomus wallet.

Tips For Buying SOL With The Lowest Fees

To make the most of your investment in SOL, follow these guidelines:

• Use platforms with cheap fees: stick with exchanges like Cryptomus that have transparent and inexpensive commission charges (as low as 0.1%).

• Monitor the market: follow Solana price charts and try to buy during market dips or corrections.

• Compare offers: do not hurry. Before committing to a trade, compare the terms of multiple P2P sellers.

As you can see, purchasing Solana affordably involves careful strategy and precise execution. By combining these aspects, you can significantly reduce the fees and make your SOL investment more efficient.

Hopefully, our guide has helped you build a reliable strategy for making a Solana purchase. Send in our questions and thoughts below!