How to buy Solana (SOL) in Australia

Crypto buying guide

Quick-Take: The fastest and easiest way to buy Solana as an investor in Australia is via the CoinSpot exchange. They allow you to trade SOL with low fees and instant AUD deposits.

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Solana is what is referred to as a “Layer 1” blockchain that allows for developers to build scalable and user-friendly applications on top of.

The major benefit of Solana over competitor Layer 1’s like Ethereum is that it is ultra-fast and low cost for users to transact. This is in contract to Ethereum, which has experienced very high fees in recent months.

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How to buy Solana in Australia

The best cryptocurrency exchange to buy Solana with Australian Dollars (AUD) is the CoinSpot trading platform. Their platform allows you to buy SOL with low fees, and stake it to earn up to 7% APY paid out daily in Solana tokens.

With CoinSpot, you can buy Solana (SOL) in under 5 minutes by following the steps outlined below.

Step 1: Sign up to the CoinSpot exchange.

Step 2: Deposit AUD via Bank Transfer, PayID, POLi, Osko, BPAY, Cash or SWIFT from any bank account.

Deposit AUD to buy Solana
Depositing AUD on CoinSpot to buy Solana

Step 3: Once the AUD lands, find the Solana (SOL) token and select 'Buy' to invest in the digital asset.

Buying SOL Australia
Filtering through CoinSpot token lists to buy Solana.

What can I do with Solana?

Solana has grown into one of the most vibrant decentralized finance and NFT communities in the broader cryptocurrency ecosystem. This means that there are many very good use cases and underlying utility to the SOL token. If you have purchased SOL, we recommend you check out some of the applications you can use your Solana with that can be found on websites like Defi Llama.

You can also stake Solana on trusted cryptocurrency exchange like CoinSpot. By staking your SOL tokens, you become a validator that verifies transaction on the network and earns a yield of 7% APY.

Solana Price AUD

The graph below is the live price of Solana (SOL) in Australian Dollars (AUD) - SOL/AUD.

Visit CoinSpot

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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