Buy Solana with a Credit Card
You can buy SOL for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Solana price dynamics and history, get some answers to your questions, and find some useful links to read more about what is SOL.
Solana Live Price Chart
SOL price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
Solana is a high-performance blockchain platform designed to improve blockchain’s scalability and launch decentralized applications. It was created by Solana Labs and introduced in 2020. Solana aims to address some of the scalability and performance issues that earlier blockchain platforms like Ethereum faced, making it suitable for a wide range of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more.
The initial work on Solana started back in 2017. However, the official launch of the project took place in March 2020, under the administration of the Solana Foundation, which has its headquarters in Geneva, Switzerland.
The project's inception was a collaborative effort by Anatoly Yakovenko and his Qualcomm colleague Greg Fitzgerald. Together, they founded Solana Labs and enlisted the support of several former Qualcomm colleagues. This collective effort resulted in the public release of the Solana protocol and SOL token in 2020, marking a significant milestone in the project's evolution.
The Solana protocol is engineered to suit a broad spectrum of users, from individual enthusiasts to large enterprises. The main agenda of Solana is the commitment to its users and the assurance of predictability when it comes to fees and taxes. The protocol's design prioritizes minimal transaction costs while ensuring both scalability and rapid transaction processing.
Solana uses a unique consensus mechanism called Proof of History (PoH) in combination with Proof of Stake (PoS) to achieve high transaction throughput and low latency. It allows the Solana network to process thousands of transactions per second (TPS), making it one of the fastest existing blockchain platforms. Solana is known for its high throughput and low transaction costs, making it a competitive option for developers and users looking for fast and efficient blockchain solutions.
The platform supports smart contracts through its Solana Program Library (SPL) and Rust programming language. This allows developers to build decentralized applications (DApps) and deploy them on the Solana blockchain. While Ethereum pioneered the concept of smart contracts, Solana's speed and cost-efficiency make it an attractive choice for developers looking to build and deploy dApps.
Solana's main objective lies in its high speed, powered by a bundle of groundbreaking technologies. Solana can process approximately 50,000 transactions per second.
The Solana Foundation supports the development and growth of the Solana ecosystem by providing grants, funding, and resources to projects and developers.
Solana has gained a reputation as one of the main rivals to Ethereum due to its impressive speed and scalability features.
Since its inception, the Solana ecosystem has grown rapidly, with a variety of DeFi projects, NFT platforms, and other applications built on the network. Some popular projects in the Solana ecosystem include Serum, Raydium, Audius, and Mango Markets, among others.
The capability of Solana to facilitate high-speed and cost-effective transactions made it a hub for NFT artists, collectors, and developers. In the NFT market, Solana has solidified its position. According to data from CryptoSlam as of April 2023, Solana ranks third in key metrics such as sales, the number of buyers, and the number of sellers. The total NFT sales volume surpassed $4.13 billion, showing a notable Solana's performance and placing it in close competition with leading blockchains like Ronin and Flow, although it is still far behind Ethereum, the dominant market leader.
SOL is the native cryptocurrency of the Solana network and is used for various purposes, including transaction fees, staking, and participating in the network's governance. Solana is an inflationary cryptocurrency, and there is no predefined maximum limit to the total number of tokens that can be created. It initially has an annual inflation rate of 8%, which will gradually decrease by 15% every year until it stabilizes at a fixed, long-term rate of 1.5%.
The total supply of the $SOL token is 560,381,486, and as of October 2023, there are 416,599,167 SOL in the current circulation.
The average fees on the Solana network
Solana's efficient design keeps transaction fees low, making it an attractive option for users and developers. In fact, the Solana blockchain is one of the cheapest in the crypto space, where traders can expect to pay only around 0.000005376 SOL ($0.0002) for the transaction.
Where to buy SOL?
Solana (SOL) coins are available for purchase on various cryptocurrency exchanges, including popular options like Binance, Kraken, Coinbase, Huobi, FTX, Gate.io, OKEx, etc.
Solana can be traded against multiple fiat currencies (SOL/USD, SOL/EUR) and other cryptocurrencies such as Bitcoin, Ethereum, Polygon, etc.
Where to store the Solana coin?
Users can store and manage SOL using various wallets, including the official Solana wallet and its browser extension Sollet, Phantom Wallet, Trust Wallet, Math Wallet, Exodus, Atomic Wallet, Coin98, etc.
How to Buy SOL on SwapSpace
On this page, we put USD in the “You send” and SOL in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Solana address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Convert Fiat to Crypto Now
If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play around with our cryptocurrency converter: just put in the amount of USD, EUR, or other fiat currency you're willing to spend and see how much SOL you can buy with it.