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What is Solana?

Solana is an open source project that aims to be the world's first web-scale, high-performance, permissionless blockchain.

  • Solana seeks to use a revolutionary innovation called Proof of History to remove performance bottlenecks, allowing transaction throughput to scale proportionally with network bandwidth.
  • SOL can be earned by staking coins for validators who run the network or by providing computing resources to validate transactions.
  • The network is run by Solana Clusters, which are a set of computers that work together and can be viewed from the outside as a single system.

Scaling blockchain for global adoption is one of tech's biggest challenges. Utilising their innovative framework, the Solana team believe they are well positioned to succeed.

How do I swap Solana?

Enter amount to swap
Select the quantity of Solana you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Solana

Why Should I Trade SOL with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Solana no matter what your trading experience is. Unlike other international and Australian Solana exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Solana with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Solana how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Solana?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Solana for free.

Cold Storage

If you are holding Solana as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Solana. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Solana. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Solana has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Solana is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Solana exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Solana & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Solana safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Solana portfolio here.
Yes! With CoinSpot you can convert your Solana to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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