How to Buy Solana (November 2022) + Get up to $200 in bonuses - Comparewise
20 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

#1 Choice
Get $20

Coinsmart

$20 BTC
Welcome Bonus
$100
Min Investment
  • Trade 16+ coins
  • Fund with e-Transfer
  • Instant account verification
Pros & Cons
Extra Details
Popular
Get $30

Bitbuy

$30
Welcome Bonus
$250
Min Investment
  • Trade 25+ coins
  • Fund instantly with e-Transfer
  • Refer friends and get $40
Pros & Cons
Extra Details
Best Value
Trade

Changelly

0.5% - 5%
Low Fees
200+
Coins Available
  • Exchange any crypto instantly
  • No proof of identity required
  • Competitive trading rates
Pros & Cons
Extra Details
Get $25

Netcoins

$25
Bonus
22
Coins Available
  • 0% funding fee & 1-click trading
  • Free cash withdrawals
  • Earn cashback in BTC
Pros & Cons
Extra Details
Get $25

Newton

$25
Welcome Bonus
$100
Min Investment
  • Trade 70+ coins instantly
  • Fund fast with e-Transfer
  • Super low fees & user-friendly
Pros & Cons
Extra Details
Get $30

Coinberry

$30
Welcome Bonus
$50
Min Investment
  • Trade 29+ coins
  • Fund instantly with e-Transfer
  • 0% deposit/withdrawal fees
Pros & Cons
Extra Details
Get $30

Shakepay

$30
Welcome Bonus
2
Coins Available
  • Instant account verification
  • Fund instantly through e-Transfer
  • Commision-free trading
Pros & Cons
Extra Details
Get $16

Coinbase

$16
Welcome Bonus
100+
Coins Available
  • Insured up to a max of $250,000
  • Supported in 100+ countries
  • Crypto stored securely offline
Pros & Cons
Extra Details
Get $100

Binance

From 0.1%
Low Fees
600+
Coins Available
  • Trade Bitcoin for free
  • Get up to $100 in welcome rewards
  • Earn with crypto through staking
Pros & Cons
Extra Details
From 0.1%
Low Fees
700+
Coins Available
  • Up to 500 USDT in bonuses
  • 24/7 customer services
  • Join the global KuCoin community
Pros & Cons
Extra Details
20% APR
Earn Up To
300+
Coins Available
  • Get $100 bonus if you top up $1k
  • Every trade gets up to 0.5% reward
  • Earn daily interest on crypto
Pros & Cons
Extra Details
Trade

Uphold

$1
Minimum Deposit
130+
Coins Available
  • Crypto, 50 stocks, 37 currencies
  • Zero fees and low spreads
  • Stake and get rewards up to 19.5%
Pros & Cons
Extra Details
20% APR
Earn Up To
300+
Coins Available
  • Get up to 5% cash back
  • Deposit 30 Stellar USDC, get 50 USDC
  • Get up to 50% with staking
Pros & Cons
Extra Details
Trade

Coinmama

0.99%
Fees Starting Form
16
Coins Available
  • No deposits required
  • Available in 188 countries since 2013
  • Trusted by millions
Pros & Cons
Extra Details
Trade

EQONEX

0.08%
Fees Starting At
3
Coins Available
  • Spot & derivatives digital asset trading
  • Secured by FCA, ISO certified custodian
  • Nasdaq-listed company
Pros & Cons
Extra Details
Trade

Kraken

$10
Minimum Deposit
100+
Coins Available
  • Fees as low as 0%
  • Earn up to 23% in rewards annually
  • 24/7 live support
Pros & Cons
Extra Details
Trade

Crypto.com

$20
Welcome Bonus
250+
Coins Available
  • Earn up to 8.5% on crypto
  • Earn up to 14% on stable coins
  • Earn extra with staking
Pros & Cons
Extra Details
Get $30

VirgoCX

$30
Welcome Bonus
25+
Coins Available
  • Zero deposit fees for e-transfer
  • Zero trade fees, trade fast and free
  • Trade 25+ cryptocurrencies for free
Pros & Cons
Extra Details
Trade

WonderFi

15 seconds
Interest Accrues Every
100+
Coins Available
  • Earn Interest on Assets
  • Crypto, DeFi, gaming and NFTs
  • Compliant and regulated
Pros & Cons
Extra Details
$100
USDC
11+
Coins Available
  • 0.35% commission, no other charge
  • Earn up to 7% APY interest
  • Get 100 USDC when you sign up
Pros & Cons
Extra Details

How to Buy Solana (November 2022)

As cryptocurrencies become more mainstream, investors are looking beyond bitcoin and ether to get in on the action. These two coins still command the lion’s share of the $1.7-trillion global crypto market (all figures in U.S. dollars), but as they increasingly move in sync with stock markets, some investors are buying altcoins to diversify their holdings. Check out how to buy Solana here.

One of the beneficiaries of this trend is SOL, the native coin of the Solana blockchain. It is currently the ninth-largest crypto, with a market cap of about $28 billion, as of March 21, 2022, per CoinMarketCap. SOL traded at over $175 at the start of January, but fell to about $81 by March 15, 2022, amid a broader market decline. At the time of writing, there were about 320 million SOL tokens in circulation.

If you’re looking to expand your crypto exposure or add coins that are less sensitive to news headlines, SOL merits a closer look—here’s what you need to know and where to buy it.

Claim Your Welcome Bonus - Bitbuy $50 Welcome Now

What is Solana?

Solana was co-founded by Anatoly Yakovenko, Greg Fitzgerald and Stephen Akridge, all former employees of U.S. chipmaker Qualcomm. Solana Labs is the company that runs the Solana blockchain. Launched in March 2020, Solana is a high-performance, open-source blockchain platform designed to support smart contracts and the creation of decentralized applications (dApps). For that reason, Solana is considered one of the strongest challengers to Ethereum, a much bigger rival with similar capabilities.

Solana runs on a hybrid protocol of proof-of-stake (PoS) and proof-of-history (PoH), a proof for verifying order and passage of time between events. Due to this unique protocol design, Solana can handle up to 50,000 transactions per second, compared to 15 to 30 transactions for Ethereum. (Ethereum is currently transitioning from its proof-of-work (PoW) consensus protocol to a more energy-efficient proof-of-stake (PoS) mechanism.)

Lower fees and faster transactions are sticky features that encourage users to stay within the Solana ecosystem, especially for their decentralized finance (DeFi) apps and non-fungible token (NFT) purchases, says Michael Zagari, an investment advisor with Mandeville Private Client and Zagari+Simpson.

Okx Promo Banner - Comparewise

“When it comes to gaming, finance and NFTs, having transactions processed quickly, at low fees, and an easy-to-use platform to build on top of make for a better user experience and help scale decentralized applications,” he says, adding that Solana seems to be attracting developers faster than ethereum did at the same stage of its growth cycle.

Solana’s ecosystem comprises a suite of technologies that work synergistically, including decentralized apps, DeFi projects, NFT marketplaces and lending protocols, which are built on Solana’s open infrastructure. The more users a dApp attracts, the greater its network effect and value. In the case of Solana, “the higher the demand for dApps built on its network, the stronger the demand for SOL, its native coin,” Zagari says.

Buying SOL with Canadian dollars

SOL is one of the many cryptocurrencies available on CoinSmart* (ticker symbol SMRT), where you can pay in Canadian dollars. It was the first fully regulated crypto platform in Canada and also one of only two with marketplace registration status.

CoinSmart allows you to access your funds the same day you make a deposit. The platform is secure, and it offers a transparent fee structure. Customer support is available 24/7, and seasoned investors will appreciate the Advanced Trading Tools. CoinSmart also has a referral program. Once your account has been verified, you can share your unique referral link. When new users make a deposit, you’ll get CAD$15 in bitcoin, and so will they.

Changelly Buy_Crypto_Banner_728X90_Eng - Comparewise

How to Buy Solana – Bottom line

From NFTs to DeFi and the metaverse, Solana offers many plays. However, investors should carefully consider their objectives and risk tolerance, and weigh the perils against any potential payouts. Cryptocurrencies can offer windfall-like gains, but they’re also prone to extreme volatility. Thanks for checking out how to buy Solana.

You might also like…

  1. How to Buy Litecoin
  2. How to Buy Bitcoin
  3. How to Buy Ethereum

Discover Investment Opportunities

Make your money do more.

12 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Young investors can trade stocks and ETFs, all for free.
Min Investment
$0
Target Return
Varied
Get 50 Free Trades on Canada's #1 trading platforms.
Min Investment
$0
Target Return
Varied
Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
$100
Target Return
4-7%
Earn passive income, start investing in real estate.
Min Investment
$1
Target Return
Varied
Use code KKZH8A when you sign up to get 2 free stocks
Min Investment
$1
Target Return
Varied
Get a $50 bonus when you sign up and deposit $250.
Min Investment
$50
Target Return
Varied
A new passive income asset class, peer-to-peer lending.
Min Investment
$1
Target Return
Varied
Retire up to 30% wealthier with Questwealth Portfolio.
Min Investment
$1
Target Return
Varied
Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Buying and seucring gold has never beeng more simple and affordable.
Min Investment
$1
Target Return
Varied
Get a $25 bonus when you sign up and trade.
Min Investment
$10
Target Return
Varied
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%

comparewise

May 6, 2022
Fact Checked
Categories:
Tags:

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.
Earn Crypto Bonuses

See the top crypto deals and welcome bonuses on the market.

You may also like

The least complicated way to buy any kind of cryptocurrency is to register fo...
Want to know how to buy Cardano in Canada? There are many ways of buying Card...
On the Ethereum network may be found the decentralized platform known as Aave...
Are you wondering about how to buy Bitcoin Cash in Canada? If so, you're at t...
It seems like everyone is talking about Bitcoin and cryptocurrency investment...
If you're looking for how to buy Decentraland, then you are on the right page...
As cryptocurrencies become more mainstream, investors are looking b...
Chainlink is a decentralized oracle that offers a service of an exceptionally...
Whether you’re new to Litecoin or well-versed in the Litecoin currency, there...
Polygon is a protocol as well as a framework for the construction of blockcha...
Chances are that if you’re here, you’ve heard or read something about Ethereu...
The use of US Coin may be seen in a wide range of contexts. The recent declar...
In order to be able to invest in Stellar Lumens, you will first need to creat...