Step-by-step guide to buying Solana (SOL) on Binance.

Creating a Binance Account

1. Navigate to the official Binance website and click the “Register” button located in the top-right corner.

2. Enter a valid email address and create a strong password that includes uppercase letters, lowercase letters, numbers, and special characters.

3. Complete the CAPTCHA verification and agree to Binance’s Terms of Service and Privacy Policy.

4. Confirm your email by clicking the verification link sent to your inbox.

5. Proceed to enable two-factor authentication (2FA) using Google Authenticator or SMS for enhanced account security.

Completing Identity Verification (KYC)

1. Log in to your Binance account and go to the “User Center” section via the dropdown menu next to your profile icon.

2. Select “Identity Verification” and choose your country or region from the provided list.

3. Upload clear, legible photos of your government-issued ID—such as a passport, national ID card, or driver’s license.

4. Take a real-time selfie holding your ID with your face fully visible and without any obstructions.

5. Submit the documents and wait for Binance’s review team to approve your application, which typically takes under 10 minutes during business hours.

Funding Your Binance Wallet

1. After KYC approval, click on “Buy Crypto” in the top navigation bar and select “Credit/Debit Card” as your preferred payment method.

2. Choose your local currency and enter the USD or EUR amount you wish to deposit—minimum amounts vary by region but often start at $15.

3. Input your card details, including card number, expiration date, CVV, and cardholder name, ensuring all information matches your bank records.

4. Review the transaction fee—Binance charges a flat 1.8% for credit/debit purchases—and confirm the order.

5. Once confirmed, funds appear instantly in your Spot Wallet, ready for trading.

Purchasing SOL on the Spot Market

1. Go to the “Trade” section and select “Spot” from the top menu bar.

2. In the search bar, type “SOL” and select the SOL/USDT trading pair from the results.

3. Choose the “Market” order tab and enter the amount of USDT you want to spend on SOL.

4. Click the green “Buy SOL” button to execute the order instantly at the best available ask price.

5. Confirm successful purchase by checking your Spot Wallet balance—the SOL balance updates immediately upon execution.

Storing SOL Securely

1. Access your Spot Wallet and locate SOL in the asset list.

2. Click “Withdraw” next to SOL and paste a verified external Solana-compatible wallet address—such as Phantom or Solflare.

3. Enter the withdrawal amount and double-check the destination address for accuracy; Solana network addresses are case-sensitive and irreversible.

4. Confirm the withdrawal using your 2FA code or hardware key if enabled.

5. Monitor the transaction hash on Solscan.io to verify on-chain confirmation—most withdrawals settle within 1–3 minutes.

Frequently Asked Questions

Q: Can I buy SOL directly with a bank transfer on Binance?A: Yes, users in supported regions—including the EU, UK, and Singapore—can use SEPA, Faster Payments, or PayNow via the “Bank Transfer (SWIFT)” option under “Buy Crypto”.

Q: Why is my SOL deposit not showing in my wallet after sending from an external wallet?A: Ensure the deposit was sent to the correct Solana network address on Binance—sending to an Ethereum or Polygon address will result in permanent loss.

Q: Does Binance charge fees for converting USDT to SOL?A: There is no separate conversion fee; only the standard spot trading fee applies—0.1% for takers and 0.075% for makers under default VIP level.

Q: Is SOL staking available directly on Binance?A: Yes, Binance offers SOL staking through its “Earn” section, providing flexible and locked staking options with APYs updated daily based on network conditions.