Solana is a blockchain project focused on DeFi products. Developers worldwide pick Solana as a base for their decentralized applications, game products, metaverses and other projects deployment. And here are the reasons why they choose Solana:
- Solana offers incredibly high throughput;
- Solana charges minimal fees;
- It is based on the Proof-of-Stake consensus mechanism, which is less costly and much more efficient.
SOL is a native token of the Solana network that serves for financial settlements for transactions and staking. To check the current SOL cryptocurrency price against the dollar, let’s look at the SOL to USDT rate. As of September 2022, it is $33,03.
Where to Buy SOL?
Since the Solana platform is quite popular among developers, the SOL coin is on the top crypto rankings, and it is obviously listed on major crypto exchanges. You will find it on both decentralized and centralized platforms. However, we recommend starting with centralized exchanges like Binance, WhiteBIT, or Coinbase. They operate legally and provide maximum protection for clients. Besides, only centralized platforms allow for buying SOL crypto coin with fiat using a bank card. To buy crypto with fiat, you must register and verify an account. Then add your bank card and move the needed amount of funds from your card to the account. In the “Trade” section, pick dollars, specify the amount, and see how many SOL coins you can buy. When working with bank cards, consider the bank’s fee.
WhiteBIT is a comprehensive platform suitable both for beginner users and advanced traders. It offers an all-in-one solution where you will find crypto charts with current SOL crypto price, advanced trading tools, unlimited withdrawal options, etc. Look for more crypto news on the White Blog – the resource with guides and articles on trading and the crypto industry.