Solana’s attractiveness is beyond doubt, as the blockchain can process up to 65,000 transactions in 60 seconds with a commission of below $0.01. The crypto has a developed infrastructure – you can make large and frequent transfers, micropayments, use coins for gaming utilities, and NFT projects. All that remains is to buy Solana (SOL) for US dollars (USD) and start trading, invest in promising projects or pay for purchases with virtual assets. You will learn how to do this from our review, and we will pay special attention to the difficulties that may arise during the transaction, as well as ways to resolve them.
Stages of buying a SOl token for US dollars
Solana, thanks to PoH, is considered one of the most environmentally friendly cryptocurrencies, and its value is steadily increasing, which motivates investors and ordinary citizens to buy coins for trading or long-term investments. You can purchase the required number of coins for US dollars (USD) online at any time, and the transaction process depends on the chosen transfer method.
Suppose you need to save time and nerves. In that case, it is most reasonable to use an exchanger, since you can exchange any amount of Solana there, including making several transactions, without providing scanned documents and going through other verification procedures. It is necessary to select a resource taking into account the reserve (especially when exchanging large amounts), reputation, and duration of activity, as well as the size of the commission. Once the choice is made, the user will have to:
- Go to the exchanger’s website.
- Register if it is necessary to carry out the transaction.
- Fill out the virtual form – it is important not to make a mistake in the bank card number from which US dollars will be debited, and the electronic wallet where the SOl coins will be received. After specifying the amount, you can see how many coins you will receive, as well as activate additional options (if any).
- Confirm the transaction via mobile banking, where a request will be sent automatically.
- Wait until the tokens are credited to the wallet in the planned amount, taking into account the exchange service commission.
If desired, registered clients of exchangers can track the transactions in their accounts.
What can go wrong, and how to act?
Even being extremely careful, users cannot be 100% sure of the success and safety of transactions. Most often, in the process of exchanging USD for SOl token, one has to face the following difficulties:
- The service refuses to conduct the transaction. The reasons can be varied, ranging from security checks and technical failures to fraud. In the latter case, it will be difficult to prove the fact of illegal appropriation of funds, so it is better not to let the situation get to this point and cooperate with platforms that have a high rating.
- The transfer of US dollars to Solana crypto is delayed. When contacting trusted exchangers, such situations rarely happen and are associated either with hacker attacks or with a system overload. Do not panic right away – contact technical support to clarify the reason for the delay.
- The system requires verification. On some platforms, when transferring large amounts, you need to confirm your identity. If you do not want to come across such an exchanger, carefully study the features of the sites through which you intend to conduct a cryptocurrency exchange.
- Solana cryptocurrency changes sharply in price, due to which the amount of coins received decreases. This happens if the exchanger does not provide the option of fixing the rate. Check in advance about its availability, so as not to lose money later.
Caution and attentiveness will protect you from theft of funds, delays, and unplanned expenses.