Buy Solana (SOL) in Australia
How to buy Solana (SOL)
1. CREATE ACCOUNT
It’s FREE to join!Sign up is fast, secure and designed to keep your data protected.
2. DEPOSIT FUNDS
Bank transfer, debit and credit card or PayPalInstant deposits using PayID, bank transfer, PayPal, debit or credit cards.
3. BUY SOLANA
Low trading feesEnter the dollar amount you want to trade for Solana (SOL) and click “Buy”.
What is Solana?
Solana is a high-performance layer-one protocol built for scalability and high throughput. With a focus on fast speeds and low transaction fees, the network was specifically designed to support high-use applications.
Solana aims to solve the congestion issues currently choking the Ethereum network by providing an alternative computing platform that also offers smart contracts. Like Ethereum, Solana is both a cryptocurrency and a blockchain that allows developers to build decentralised applications (dApps).
It is not necessary to have blockchain experience or knowledge of smart contracts to begin building on Solana. Programs is Solana’s smart contracts development tool. Rust C and C++ are used to write programs on Solana that are deployed on-chain. The protocol also supports other programming languages and is compatible with third-party clients including Solidity (Ethereum) and Substrate (Polkadot).
Solana’s ability to scale combined with its low network fees makes it an attractive choice for many new play-to-earn Web3 apps and crypto games. The Solana ecosystem, however, boasts a diverse and expansive range of products that extends way beyond gaming to include; NFTs, music apps, decentralised finance (DeFi) and even decentralised exchanges (DEXs).
The native token of the Solana blockchain is SOL, which is used as a utility token to pay for transactions on the network. SOL token holders can also stake their SOL and receive rewards. At the time of writing, Solana (SOL) has a circulating supply of 360 million coins and a total supply of approximately 533 million.
To learn more about Solana you can visit Solana’s official website.
Buy Solana (SOL) on the go
Buy and sell Solana (SOL) and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.
Frequently asked questions
The best place to buy Solana (SOL) in Australia
Lower feesTrading from 0.5% down to 0.02%
24/7 supportOur team of experts are on hand to help with any issue you might have
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How we treat client assets
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can. We keep your assets safe. That is our promise.
Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.
Explore our features
Buy, sell and store Solana (SOL)
Trade Solana (SOL) on your mobile or your desktop.
Available on iOS and Android
Buy and sell Solana (SOL) in seconds, track your portfolio and monitor the crypto market on the go.
AutoTrader and recurring buys
Automate your crypto investments with strategies that allow you to dollar-cost average (DCA), diversify your portfolio and buy or sell on deposit.
Buy and sell limit orders
You have easy and advanced ways to buy and sell crypto. Order types include simple, market, limit and advanced “stop buy” and “stop sell”.
Solana (SOL) OTC desk
Our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges.
Whether you are looking to trade Solana (SOL) or other cryptocurrencies OTC from $50,000 to $50 million, our industry-leading desk will provide you with seamless trade execution and settlement services that are discreet, secure and ultra-competitive.
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