Learn how to purchase Wrapped Solana (SOL) on the Binance platform
There is no doubt one of the world’s top-notch trading platforms nowadays is Binance.
Therefore, the first thing you have to to do if you’ would like to get started trading on it is to learn how to get Wrapped Solana (SOL).
That’s why in this post we will supply you with all what you need to know to purchase Wrapped Solana (SOL) on the Binance cryptocurrency exchange.
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Discover how to register on Binance
To be able to buy Wrapped Solana (SOL) on Binance, the vital thing you must know is certainly how to register.
To do so, you must follow each of the steps below.
Search for the "Register" button in the Binance main page and click on it to start the registration process.
Press here to go straight to the Binance platform.
In the Binance main page you’ll find a button named "Register with a phone or email". Press it.
iOS tablets or phones can be used as well.
For the purpose of this post, the email address subscription technique will be described.
- In the window that is displayed, choose your country of residence from the drop-down list.
- The next step is creating a secure password. This is quite important since it’s all about your money’s safety, so you need to create a really robust one
- Choose whether you wish Binance to send news and information direct to your email. Accept the "Terms of Service" and click on "Create Account"
By now, you surely have received an email sent to the address you’ve just used to create your Binance account. In its text you’ll see an activation code you’ll have to will enter in the corresponding box. Then press "Send"
Finally, your Binance subscription is active.
Take a time to get acquainted to the different options of the Binance platform by browsing them.
This way you mayit will be possible to begin operating with Wrapped Solana (SOL) without difficulty.
The ID verification is a mandatory step you must fulfill to gain access to all those options.
It is very important to notice that until you complete this security measure, youwon’t get permission to begin trading Wrapped Solana (SOL).
In the following paragraphs, you’ll be guided on how to do that. Hassle-free.
Verify your Binance account to start trading
These are the instructions to verify your Binance subscription and get authorized to begin trading:
On the main page, hover the mouse on the user profile option and a list will immediately show up where you will press "Security"
You may also click on the "Verify" button at the top of the screen
Look for the option "Identification" on the left side of the screen.
Country of residence should be chosen here.
On this screen you’ll will see three levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Click on the "Start now" button below the "Verified" label, for this is the beginning level.
In this step, the user is required to enter some personal information:
- Nationality.
- First Name and Surname.
- Middle name and birth date.
- Residence address (exact).
- Second name and date of birth.
- Middle name and birth date.
Now you’ll need to show a legal document to verify your identity.
passport, ID card or even a driver’s license will be enough to fulfill this condition.
Follow the system guidelines to take a selfie.
When you have completed the platform’s instructions, you’ll have to wait a short time while your account is confirmed.
When your request has been accepted, you will be notified via e-mail, just be patient.
Congrats! Once you’ve got the confirmation you’re officially enabled to trade Wrapped Solana (SOL). The following instructions will be helpful.
Buying Wrapped Solana (SOL) on Binance
Starting your Wrapped Solana (SOL) trading career has never been so easy, right?.
In this section you’ll discover how simple is to invest your money in Wrapped Solana (SOL).
Now you’ll need to present a legal document to sustain your identity.
ID card, passport or even a license will be enough to complete this condition.
Follow the system guidance to take a selfie.
The final step is on Binance’s side: a corroboration process that will just take a while.
All you need to do is be patient, Binance is going to send you an e-mail as soon as your application has been approved.
Congrats! Once you’ve received the confirmation you’re officially authorized to operate with Wrapped Solana (SOL). The following guidelines will be helpful.
Purchasing Wrapped Solana (SOL) on Binance
So, account confirmed means you can begin buying Wrapped Solana (SOL) right now.
First you need to learn how to make a purchase of Wrapped Solana (SOL).
You will probably have more than one option throughout the process
Use the "Buy cryptos" menu on the Binance main page to know which options can be found when buying.
Needless to say you must login to your account to be able to do this
Placing your mouse pointer over this button will display a list of alternatives for making the purchase.
Next, you’ll have to to present a legal document to verify your identity.
Use your passport, ID card or even your driver’s license to complete this step.
Now the platform will ask you to take a selfie under certain conditions.
The last step is on Binance’s side: a verification process that will just take a while.
Now wait patiently, Binance will send you an e-mail when your profile has been accepted.
After that, it’s time to acquire Wrapped Solana (SOL), to do so see the guidelines below.
Purchasing Wrapped Solana (SOL) on Binance
Now that you have registered on the platform and got your account validated, you are able to start trading.
In this segment you’ll realize how simple is to buy a Wrapped Solana (SOL).
Some steps may have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
Certainly, you’ll only be able to do this if you’re logged in
Hovering your mouse pointer over this button will display a list of alternatives to make the purchase.
Using your debit or credit card for buying Wrapped Solana (SOL)
Select the credit card-related option from the "Buy Cryptos" drop-down menu.
Next, just adhere to the following instructions:
Now you must pick the currency you want to use and specify the amount you are going to invest.
In the second field you should select the Wrapped Solana (SOL) you would like to purchase
After you do so, the system will automatically show you the number of Wrapped Solana (SOL) you will get, according the amount of USD you have recently defined.
Continue reading for further directions:
Currency preferred and amount of the investment should be indicated here.
The the Wrapped Solana (SOL) you would like to buy must be selected from the second field
After you do so, the system will immediately show you the quantity of Wrapped Solana (SOL) you are going to receive, considering the amount of USD you have recently indicated.
Press "Continue".
To use your credit card as a payment method, choose in the "Visa/Mastercard" box the option "Add card".
Enter your card numbers and press "Next".
In this step you must specify the physical address details of the credit card. Following this, select "Add card".
Click "Continue" after you notice your card has been successfully added to your user profile as a new payment method.
The platform will now show you the details of the order you are about to complete. The sum your card will be charged in the currency you’ve chosen, and the Wrapped Solana (SOL) you will receive.
In fact, Binance will claim a small amount as a commission for making the operation, and it will appear in that overview as well.
Within the next 60 seconds press "Confirm", there after the order will expire automatically.
Next, you’ll be redirected towards the bank platform the credit card belongs to. There you should complete a normal on-line payment using your credit card.
Your recently bought Wrapped Solana (SOL) will be available in your Binance e-wallet (called the «Spot Wallet») once the banking procedure is complete
Learn how to purchase Wrapped Solana (SOL) via Binance P2P
You may get Wrapped Solana (SOL) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. To accomplish this, the first step is to specify which payment method you want to make use of.
The platform will now show you the summary of the purchase order you are creating. The amount you are paying in the currency you have chosen, and the Wrapped Solana (SOL) you will get.
In fact, Binance will claim a small amount as a commission for making the purchase, and it will be shown in that quick view also.
Now you must acknowledge the order pressing the "Confirm" button during the next 60 seconds, or it will be automatically aborted.
The Binance system will now reroute you to the bank issuing the credit card. There you would complete a standard online payment with your credit card.
Once the banking procedure is complete, you’ll have your purchased Wrapped Solana (SOL) in your Binance digital wallet (called the «Spot Wallet»)
Know how to buy Wrapped Solana (SOL) via Binance P2P
That means «Person To Person», i.e.: trading Wrapped Solana (SOL)
with another Binance subscriber. To accomplish this, the first step is to indicate which payment method you want to make use of.
- Go to "Security" in your profile.
- Select "Payment" on the left-hand side of the screen.
- Press the "Add a Payment Method" button and follow the platform instructions.
Once the new payment method has been configured in your profile, look for the "Buy Crypto" menu on the top bar of the navigator, press on the "Trading P2P" option and follow the instructions described below:
- On the top bar of the "P2P Account" tab, pick "Buy"
- The complete set of Wrapped Solana (SOL) available for purchase through P2P operations will be shown in this menu, so you will be able to pick the one you want. As for this example, we will present «USDT».It is important to note that once you buy any crypto via P2P trading, you’ll be able to exchange it for any of the foreign currencies valid in the Binance platform.
- Locate the "Fiat" column on the upper tabs and deploy the drop-down menu to find all valid currencies. Let’s use «VES» in this example.
- You need to input the sum in VES you’d like to use in the "Amount" box.
- You will be able to see a list of traders offering cryptos as soon as you choose the payment method.
- Select a trader from the list shown. We advise that you choose a verified one with a high completed sales rate.
- Next select "Buy USDT"
- In this step, the amount you would want to invest in VES must be entered
- Click on "Buy USDT" again
- A buying order has been created and the trader and you will be able to contact each other for further details, if needed. You have a time limit to make the payment, if you fail doing so the order will be aborted by the platform (and that’s bad for your reputation as a buyer). Once you have paid, press "Transferred, Next", then press "Confirm".
How to transfer your Wrapped Solana (SOL) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception validation has been done.
You may verify your wallet Binance balance to confirm reception.
Note that you need to send them to your Spot Wallet in case you want to purchase another cryptocurrency.
You can do this immediately once the purchase order is completed just by clicking "Transfer to Spot Wallet".
This Wrapped Solana (SOL) internal transfer can be performed whenever you need.
How you can transfer your Wrapped Solana (SOL) to the Spot Wallet
The trader, upon validating payment reception, will instantly release the Wrapped Solana (SOL).
You may see your wallet account balance to confirm reception.
However, in order for you to purchase any other Wrapped Solana (SOL), you will need to move them to your Spot Wallet.
That’s easy: just press "Transfer to Spot Wallet" immediately after the buying order is completed.
In case you didn’t follow this step, don’t be anxious, you can move the cryptos at any other time.
- Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down menu.
- The "Transfer" option is located on the upper right area of the navigator window. Press it.
- Configure the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- For this post, we use «USDT» as an example, but you’ll obviously select the currency you have
- Set the amount you are about to move for the Exchange and click "Confirm".
All right! Now you have money available to buy any of the huge selection of Wrapped Solana (SOL) in the Binance platform.
Purchase any cryptocurrency from the Binance platform just following the instructions described next:
- Select the "Trading" option in the top section.
- Click on "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Choose the crypto you wish to get.
- Press "Preview conversion".
- Validate the transaction and that’s all. You now will have the amount of the selected cryptocurrency in your Spot Wallet.
With these money already in your Spot Wallet, nothing keeps you from buying any crypto you believe might yield the highest profit.
Discover how easy is to purchase any crypto from Binance:
- Find the "Trading" option in the top top panel.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Now indicate the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Confirm the operation and that’s all. You now will have the amount of the chosen cryptocurrency in your Spot Wallet.
Based on this information, you are now ready to begin trading on Binance.
Don’t wait any more and begin earning some extra money.