Surely, we can say that Solana is one of the best-performing digital currencies of the current years. Thus, the popular crypto asset grew by nearly 2,000% in 2021 alone. That has resulted in Solana becoming a top-10 cryptocurrency in market capitalization.
There are numerous other ways to purchase Solana. Still, in this article, we will focus primarily on how you can go about purchasing Solana with the world’s most popular payment way, PayPal.
So, if you believe that this is the fitting digital token for you, this guide will describe how to buy a Solana coin in under five minutes.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Solana- Definition?
Let’s say something more about Solana and its cryptocurrency. Solana was founded in 2019 to enhance the short fallings of legacy blockchains such as Ethereum. It offers network users quicker, more affordable, and more scalable blockchain archives.
As an excellent example, Ethereum is the world’s second-largest cryptocurrency. Thus, in the de-facto smart agreement protocol of choice, it can boost only 15 trades per second.
It is nowhere near efficient enough to serve as an international blockchain network. To explain, Solana can process more than 65,000 transactions per second.
Furthermore, Solana is popular because the blockchain network can process trades in just a few seconds, while Ethereum takes 13-15 seconds. Meanwhile, Ethereum is known for setting high prices when the network is occupied. But Solana trades cost a small bit of $0.01.
Evaluating these performance-driven metrics, numerous market hosts think Solana could one day overtake Ethereum in terms of market capitalization and international adoption. Just like Ethereum, Solana has its native cryptocurrency token. It is sold as SOL.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why Buy Solana with PayPal?
If you are actively looking into why PayPal is a good option for purchasing Solana, we are here to make it easier for you. Here are a few factors that make it a good choice for you.
Quick Depositions and Withdrawals
One of PayPal’s primary usefulness is that deposits into your trading account tend to come immediately. It is important in the fast-moving crypto market to provide you with the benefit of lucrative commerce options. Also, withdrawals tend to be quick, with specific brokers processing PayPal withdrawals as short as one working day.
Elevated Security Level
PayPal has formed a star stature due to its level of security. That is why it’s utilized by thousands of traders worldwide. Accordingly, thanks to a two-step login and end-to-end data encryption, as a result, PayPal can keep your trading account secure from hackers. Likewise, PayPal sends users an email behind every trade, providing examples of copies that can be detected and stopped.
Feel Friendly Adventure
As can be seen, it’s super easy to connect your PayPal account to your trading account. To explain, if you use eToro, you can link your PayPal account in just a few clicks and create deposits that come immediately. Also, withdrawals are easy. Indeed, when your withdrawal from the trading platform arrives in your PayPal balance, you can send it to your linked bank account to pay immediately!
Great Mobile App
The method of how to buy Solana using PayPal is made much easier thanks to PayPal’s user-friendly app. Likewise, the mobile app lets you follow your transactions on the go. Further, if you decide to purchase cryptocurrency with PayPal instantly, you can keep tabs on your portfolio balance while you are off and back.
Multiple Currencies Supported
Finally, PayPal makes it easy to conduct transactions worldwide. As a result, it funds 25 various coins. Hence, if you accept payment in euros and you want to exchange them for dollars, you can do so with PayPal in just one or two clicks. When it’s finished, you can utilize these dollars to fund your trading account with a broker (example: eToro) that receives PayPal deposits!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Buy Solana with PayPal?
If you’re looking to buy Solana online with PayPal, it’s vital to research which brokers accept PayPal as a payment method. Here are three top platforms that allow PayPal to buy Solana instantly and safely.
- eToro – Overall Best Broker to Buy Solana using PayPal
Ultimately, eToro is on the top of our list of the best locations to purchase Solana currencies. eToro is a regulated online seller. Further, it was established in 2007. So if you choose eToro, as a result, you will be able to buy Solana on a spread-only base. Instead of paying conventional commissions, your payment amounts to the disparity between the purchase and vend cost at the moment of the charge. Therefore, eToro reports that feeds on cryptocurrency exchanges start from just 0.75% when purchasing Bitcoin.
Moreover, no deposit fees will be charged when funding your eToro account in US dollars. It is the case across all accepted deposit and withdrawal methods, including debit/credit cards, ACH, online banking, and domestic wires. eToro also accepts e-wallets, such as PayPal and Neteller. As a result, the minimum deposit requirement at eToro is just $10 for US clients.
$10 is all you need to buy Solana, too, as eToro supports fractional crypto purchases.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Crypto.com – Buy Solana Coin Using a Debit Card
Let’s say, Crypto.com is now one of the most popular online cryptocurrency exchanges. This platform strives to offer its customers a simple but cost-effective way to invest in crypto assets.
Once you have opened a Crypto.com account and verified your identity, you can buy Solana coins with a debit card.
Visa and MasterCard are accepted; this offers a super-convenient way to invest. In terms of fees, Crypto.com charges a commission of 2.99% to buy Solana with a debit card. In addition to Solana, Crypto.com is home to over 250+ other digital tokens. It covers a range of small, mid, and large-cap projects – so the choice on offer is plentiful.
Thus, Crypto.com duplicates an NFT marketplace, allowing you to invest in NFTs using Solana and other cryptocurrencies like Ethereum.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Coinbase – Friendly Way to Buy Solana Coin
Coinbase is the right broker for you if you’re looking for a user-friendly cryptocurrency platform that allows you to buy Solana coins. It has established platform has since become a NASDAQ-listed product. With tens of millions of customers on its books, Coinbase has a great reputation in this industry.
So, if you want to buy Solana coin at Coinbase, you first must register an account and upload some ID. After, you can pay for your digital tokens immediately via a Visa or MasterCard deposit. The fees for buying Solana coins with a debit or credit card amount to almost 4% at Coinbase, which is expensive. Also, you can move US dollars via ACH on a fee-free base. Then, when the budgets come, you will pay a charge of 1.49% to purchase Solana.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
- Binance – Buy Solana at Just 0.10% Per Slide
So, if you’re thinking of the most affordable method to buy Solana coins from the comfort of your house, you might think of Binance. Thus, over 100 million merchants currently use this top-tier trade. The reason is that the costs are super-competitive. Hence, when you exchange Solana against a sustained digital investment – such as Bitcoin, Ethereum, BNB, or USDT, Binance will set a commission of just 01.0%.
However, this low fee structure is on the provision that you can deposit budgets in crypto. For example, US consumers will pay a massive 4.5% deposit funds with a debit or credit card and a further 0.5% purchase Solana with USD. On the other hand, Binance does permit you to deposit budgets via ACH and domestic bank wire for free. In conclusion, the ACH withdrawals are fee-free, but domestic wires cost $15 per cash-out request.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Solana on eToro?
Whether you need Solana for NFT games or you want to invest in Solana, our recommendation is to use eToro.Here is how you can get some SOL on eToro in a couple of easy steps:
Step 1: Create an eToro account
Visit the eToro site and click on the “Start Investing” button. This will open a new screen where you can
create an account by entering your username, email, and password. Alternatively, you can sign in with
your Facebook or Google credentials.
Step 2: Verify your eToro account
Got to your inbox and look for the verification email from eToro. Open it and click on the link. This will
confirm your email. Provide a valid ID or driver's license and you can start using your account.
Step 3: Deposit Funds
You can deposit funds on your eToro account via several methods. You can use bank transfers, credit or
debit cards, or online payment processors like PayPal or Skrill. The minimum deposit for online banking
or card transfers is $10 and your funds will be available immediately. Wire transfer will take four to
seven days to complete and the minimum is $500.
Step 4: Buy SOL
Type SOL in the search bar and click on the first result. A new screen will open, containing all the
information about SOL, including price, history, and analysis. Click on “Trade” and select how many SOLs
you want to buy. Make sure you buy enough to cover the fees required by your chosen NFT game iOS.
Step 5: Transfer ETH to Your Wallet and Buy NFTs
Once you have SOL, transfer them to your crypto wallet. Then, log in to your NFT game, navigate to the
game’s NFT marketplace, connect the wallet, and buy NFTs.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Price Prediction- Solana
There are different Solana price predictions that you can see in the online space. They argue that the token’s worth is set to recover its last all-time high before 2022. Regardless, when you think that the broader cryptocurrency markets are primarily operated by the rise and fall of Bitcoin, Solana price predictions offer small real-world weight.
Similarly, while some market hosts are bullish on Solana, others claim that the digital currency is overestimated. Thus, rather than depending on Solana price predictions to produce an informed investment decision, it’s best to conduct your self-dependent study.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is the best NFT to buy in 2022?
After you learn what Solana is and how you can buy coins, it’s time to say something about the best nft in 2022.
So, what is the best token to buy? That is Lucky Block, which is one of the best altcoins. It proposes an innovative take on traditional lottery methods.
Regardless, Lucky Block’s upcoming compilation of 10,000 NFTs has separately caught investors’ engagement. So, NFT within the collection will serve as an entry ticket to Lucky Block’s daily NFT prize draws. These draws are operated separately from Lucky Block’s lottery draws. It offers an average jackpot of $10,000 per day to one lucky winner.
In short, you want to be among the best Lucky Block NFT investors, and you should learn that you earn your Lucky Block NFT on the Launchpad.
>>>Get Lucky Block Platinum Rollers Club<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How can you buy the Lucky Block NFT?
The Lucky Block Platinum Rollers Club NFT collection is minted on the Binance Smart Chain and that’s why you will need Wrapped BNB (WBNB). If you are using Trust Wallet, just add the coin to your wallet and then swap it with another crypto.
>>>Get Lucky Block Platinum Rollers Club<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 1: In Metamask, make sure you are on the Binance Smart Chain.
By default, Metamask will take you to the Ethereum Main Network, and to change the network, you need to click on “Wallet”. After that, you need to select Binance Smart Chain Network (which will be positioned at or near the bottom of the list of networks).
The ones of you who don’t see Binance Smart Chain listed, need to go to “Settings – Network – Add Network” and enter the following details:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Then, go back to the network settings, choose Binance Smart Chain, and close the view. You will see under the “Wallet” heading that the network is now showing Binance Smart Chain.
Step 2: Get WBNB.
Swap BNB or another crypto for WBNB. Make sure you also have a small amount of BNB to cover gas fees and remember that you will need 3.75 WBNB to buy the NFT.
Step 3: Go to the NFT marketplace in your browser.
Simply go to nftlaunchpad.com.
Step 4: Click the “Connect Wallet” button.
Here, you simply need to click on the “Connect Wallet” button.
Step 5: Connect MetaMask or Trust Wallet
If you are using MetaMask, make sure to be on the Binance Smart Chain network, and also keep in mind that Trust Wallet is not available at launch.
Step 6: Click the “Explore” button.
Here, you will notice Platinum Rollers as one of the collections that you can purchase.
Step 7: Click on “Buy Now” to buy the NFT
Don’t be confused about not seeing the image of the actual NFT during the buying process. You will see it after the transaction is done.
Step 8: Here you will see your NFT appearing in your site profile area.
For accessing NFT Launchpad from your phone, you need to use Metamask’s built-in browser. Simply go to the drop-down menu and select “browser”. Then, type the “nftlaunchpad.com” URL into the address bar to navigate to the marketplace.
Now, you will see the NFT in your profile on NFT Launchpad. Click on the avatar on the bottom left-hand side.
To see the NFT in your MetaMask wallet, go to the import token at the bottom of the assets list. For the contract address paste: 0x78178bb96d3533D45EB4809bfE4c3F69E712b560
Collectible ID: the number of the NFT you bought
Token symbol: LCK
Decimals: 0
As we already mentioned, you can purchase your Lucky Block NFT on Launchpad, but there is one more way to do that. You can purchase the Crypto for your Lucky Block NFT, or any other NFT on eToro, and here we will explain how you can do that.
>>>Get Lucky Block Platinum Rollers Club<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Solana with PayPal – Conclusion
Solana is one of the most profitable cryptocurrencies to buy in 2022, with the task’s underlying blockchain offering super-cheap trades at an admiring level.
This tutorial has shown you how to buy Solana using PayPal from the comfort of your own home. In addition, you learned which platforms accept PayPal and charge the lowest costs.
You’ll have a solid understanding of Solana to PayPal trading, you can buy Solana coins, and it takes only four to five minutes at SEC-regulated provider eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Let’s try today.