Solana (SOL) has taken the cryptocurrency market by surprise, surpassing the value of Binance Coin (BNB) and claiming the position of the fourth-largest cryptocurrency. This development is significant, indicating a growing trust in Solana as a preferred investment choice. In our previous SOL price prediction, we foresaw the potential for SOL to reach $100, and currently, it is trading at $96.26. With Bitcoin halving on the horizon, many investors are considering SOL as an attractive option. This article provides insights into the opportune moment to buy Solana and outlines the process of how to buy Solana (SOL) on Bitget.
Solana (SOL) is a blockchain that was introduced in 2017 and launched its mainnet in 2020 to challenge Ethereum. It is known for its open-source nature, rapid processing speed, and cost-effectiveness.
In 2021, Solana experienced significant growth in its user base, decentralized applications (dapps), and Total Value Locked (TVL). The popular Solana wallet, Phantom, saw a remarkable six-fold increase in active users, jumping from 200,000 in August 2021 to 1.2 million in October 2021.
Solana’s hackathon registrations also surged, escalating from 1,000 in October 2020 to 13,000 in May 2021—an impressive 13-fold increase. The TVL soared from USD 135.61 million in April 2021 to USD 10.14 billion in October 2021. Within just one year, Solana climbed to become one of the top 6 largest blockchains globally in terms of Total Value Locked (TVL).
These achievements were made possible by Solana’s unique Proof of History (PoH) mechanism, innovated by its founder Anatoly Yakovenko. This mechanism enables efficient throughput without the necessity for additional scaling solutions.
What is Bitget Exchange?
Bitget stands out as a centralized cryptocurrency exchange celebrated for its diverse offering of over 500 spot trading pairs and comprehensive derivatives trading options. Its notable feature includes a robust copy-trading functionality, catering to a wide range of traders.
Beyond its trading features, Bitget has gained recognition for forging impactful partnerships and sponsorships, exemplified by collaborations with prominent entities such as Juventus F.C. and the endorsement of soccer legend Lionel Messi as their ambassador. The platform’s utility token, BGB, serves multiple purposes, including staking, earning rewards, and mitigating trading fees.
Where and how to buy Solana?
Getting into Solana investment is now super easy! Just join Bitget, finish verifying your identity, and make payments using your bank, debit, or credit card—all while keeping things secure with crypto wallets. Many people use this simple method to get their hands on Solana. Check out our step-by-step guide on buying Solana on Bitget.
Step-by-Step Guide
- – Sign up on Bitget.
- Ensure a seamless experience by verifying your identity.
- Visit the identity verification page, provide your country, upload your ID documents, and submit a selfie.
- You’ll be notified once your identity is successfully verified.
- Credit/Debit card: Choose Credit/Debit card in the Buy Crypto tab for Visa/Mastercard.
- Click “Add New Card” to proceed with the transaction.
Choose your preferred fiat currency, specify the amount you want to spend, link your credit card, and finalize your payment—all with no additional fees.
Users can also buy Solana through bank transfer. The exchange welcomes iDeal and SEPA for EUR payments, PIX for BRL payments, PayID for AUD payments, UPI for INR payments, QRIS, DANA, and OVO for IDR payments, SPEI for MXN payments, and Gcash for PHP payments.
If you’ve opted to buy Solana on Bitget, your Solana will be promptly added to your Bitget spot account as soon as the payment is finalized. To review your assets, simply click on “Assets” at the top right corner of the page. Moreover, you can perform various actions like buying, depositing, converting, trading, and withdrawing your assets.
How to easily withdraw your Solana from Bitget?
Utilizing an exchange is among the easiest ways to convert your Solana or other cryptocurrencies into cash, and Bitget is a standout option. With its easy-to-use Buy/Sell buttons, Bitget makes the process straightforward. You can easily choose the cryptocurrency you want to sell and specify the amount.
When it comes to taking out your earned Solana, Bitget provides a smooth experience. Benefit from competitive fees, a flexible minimum withdrawal limit, and quick delivery within 24 hours, ensuring your funds are promptly accessible.
