How To Buy Solana (SOL) With a Credit or Debit Card

CEX.IO allows eligible customers to buy SOL instantly with a credit or debit card or alternative payment methods supported in their regions. Join us today and receive a free crypto wallet to buy, sell, and trade SOL, as well as other 200+ vetted assets, through our web-based platform or iOS and Android crypto mobile apps. Read on to learn what SOL is and how to obtain this crypto at CEX.IO. 

How to Buy SOL with a Credit or Debit Card at CEX.IO?

There are a couple of ways eligible users can acquire SOL on CEX.IO, depending on their crypto experience and financial appetites. The most straightforward way to obtain SOL is through Instant Buy. This feature allows eligible customers to buy solana with debit card or other available payment methods they find most convenient. 

Below is a step-by-step guide on how to buy SOL through Instant Buy. 

Step 1: Create an Account

To become eligible to buy SOL, as well as other supported crypto you might be interested in, you need to register first. To do that, you need to: 

1. Open the CEX.IO website on your desktop or laptop. 
2. Click Register in the upper right-hand corner. 
3. Click Create Your Account or sign-up with your Google account directly by clicking on the corresponding button. 
4. Select your country of residence from the dropdown list. 
5. Enter your email address.
6. Create a robust password combining letters, numbers, and symbols. 
7. Accept the terms and conditions (mandatory to continue) and agree to the CEX.IO notifications (non-mandatory). 
8. Click Create Account. 
9. You’ll receive an email from CEX.IO. Go to your email inbox and click the provided link to verify your email. 

Step 2: Verify Identity

The next step is to verify your identity to comply with AML/KYC policies. This is a standard procedure employed by all licensed and regulated exchanges, and it typically takes under six (6) minutes to complete. To expedite the process, prepare your ID documents in advance. Here’s how to verify: 

1. Choose the country where you currently live. 
2. Enter the ZIP code to confirm your location. 
3. Provide information on your province/state, city, and street address. 
4. Enter your Social Security Number (SSN) – for US-based customers only. 
5. Complete a short questionnaire (if prompted).
6. Enter your phone number.
7. Complete the facial recognition check. 
8. Scan your identity document (ID, passport, or driver’s license).
9. Take photos of your documents as instructed on the page. 
10. Provide details about your papers. 

Once you’re done, you can access all available CEX.IO features and services (subject to eligibility) and receive a free crypto wallet for buying, selling, trading, and storing SOL, as well as other supported crypto.  

Step 3: Access Instant Buy

From the dashboard, locate Instant Buy (on the left-hand side). Alternatively, you can find this functionality under the Products tab within the navigation bar. 

Once you access Instant Buy, here’s what to do: 

1. Specify the fiat currency you want to use for your SOL purchase. You can choose between EUR, GBP, and USD.
    

   

2. Choose SOL as the cryptocurrency you want to acquire. You can scroll the dropdown list or type SOL in the search bar
    

   

3. Click Buy Crypto Instantly. This will prompt you to the Add Funds page. 

4. Specify the amount of fiat you want to spend to purchase SOL. Alternatively, you can choose from pre-selected allotments ($100, $300, $500, $700, and $1,000)
    

   

5. Click Select Payment Method to choose your preferred funding gateway. 
    

   

6. Enter the required payment method details. 
7. Complete the payment by following the on-page instructions.

How Can I Buy Crypto via the Mobile App?

CEX.IO’s services and features are not limited to desktop/laptop users only. Those who prefer an on-the-go experience can download our crypto mobile app for iOS and Android from the Google Store and App Store and enjoy the same perks as web platform users. For mobile experience, you should do as following: 

1. Visit your mobile store and type CEX.IO App to find our application, or click on the links above. 
2. Tap download to get the app on your smartphone. 
3. Tap install, open the app, and follow the on-screen instructions to create an account or log in (the steps are identical to those on the desktop version explained above).
4. Log in using your established credentials. 
5. Tap Buy. 
6. Choose SOL as the asset you want to buy. 
7. Specify the amount. 
8. Buy SOL with a default funding gateway or tap Change Payment Method to select another pathway. 
9. Complete the transaction by following the in-app instructions. 

Payment Methods for Buying SOL at CEX.IO

Now that you know how to buy SOL at CEX.IO, let’s discuss payment methods. Before we dig into more details, it’s vital to understand that the availability of specific funding gateways may differ between regions due to varying regulations. 

As a result, U.S.-based customers may be able to buy SOL with PayPal, while bank transfers might be unavailable for users in this country. For this reason, we encourage crypto enthusiasts to verify the availability of their preferred payment methods before purchasing at CEX.IO. 

The full list of available payment methods at CEX.IO is as follows: 

• Credit and debit cards (Visa and Mastercard).
• Bank Transfers (Swift, SEPA, and Faster Payments). 
• PayPal (for U.S.-based users only). 
• Skrill
• Neteller
• Google Pay
• Apple Pay
• MoneyGram
• Epay
• Prepaid card (supported but not recommended due to transaction confirmation challenges).

It’s also vital to note that some users, depending on their country, may purchase SOL with Venmo, Payoneer, Revolut, Discover, and Wise cards. 

Keep in mind that some payment methods have faster transaction confirmation times (e.g., credit/debit cards are typically processed immediately or within an hour, while bank transfers may take up to 5 days, depending on your region and/or other circumstances beyond CEX.IO’s control).

Also, customers should be cognizant of potential transaction fees. As a transparent exchange that values its customers' time and effort, we offer a clear overview of the potential transaction limits and commissions associated with different funding methods. 

Solana (SOL) Wallet

Once you register, verify your identity, and complete the SOL purchase, your holdings will be stored in a secure SOL wallet. As mentioned earlier, eligible users receive this wallet as a courtesy of CEX.IO upon successful registration and verification of their identities. 

SOL wallet is a custodial, non-physical wallet, which you can access seamlessly through our web-based platform or mobile application. Unlike non-custodial wallets, which require SOL holders to store their private keys themselves, our custodial wallet handles the secure storage of your private keys. This eliminates the risk of losing access to your SOL due to misplaced or forgotten keys, giving you peace of mind and allowing you to focus on managing your assets.

More importantly, our SOL wallet does not limit users to Solana tokens only. Eligible customers can use the same wallet to store other crypto as well. This multi-currency functionality provides a convenient and streamlined experience, allowing you to manage a diversified portfolio within a single, secure platform. 

FAQs

What is Solana (SOL)?

Solana is a blockchain platform that aims to offer fast transactions with low fees. Its native cryptocurrency is SOL, which serves multiple purposes, including transaction fees, staking, and governance. 

How does Solana work?

Solana combines proof of history (PoH) and proof of stake (PoS) consensus mechanisms to potentially achieve faster transaction processing. This could lead to higher throughput and low latency while potentially enabling the creation of a wide range of decentralised applications (dApps) and other cryptocurrencies, like Bonk (BONK), Official Trump (TRUMP), and Render (RNDR), all of which are available at CEX.IO. 

Can I trade SOL on CEX.IO?

Yes, eligible participants can trade SOL against other digital and fiat currencies through Spot Trading. Some of the available trading pairs that might interest crypto enthusiasts include SOL to USD, SOL to USDT, and SOL to EUR. Keep in mind that Spot Trading supports trading beyond SOL, allowing users to trade BTC to USD and ETH to USD. Those looking to trade SOL with leverage can utilise Solana margin trading (subject to eligibility).

How can I track the price of SOL at CEX.IO?

Visit our Solana price page to see SOL's real-time value. This page could also be a valuable resource for learning more about SOL’s current market cap and 24-hour price movements. Those interested in SOL’s historical price movement in specific time allotments can visit Spot Trading. 

Can I stake SOL at CEX.IO?

Yes, eligible enthusiasts can stake SOL at CEX.IO and potentially receive crypto rewards. In addition to SOL, crypto enthusiasts can explore other cryptocurrencies within our Staking programme, including Polygon (MATIC), Tezos (XTZ), and Tron (TRX). Besides Staking, eligible customers can participate in our Savings programme. While SOL isn’t currently supported for savings, users can choose between a number of potentially interesting tokens, such as Tether (USDT), USDC (USDC), and Bitcoin (BTC).