Buy Solana in Australia on CoinJar

Solana

SOL
Currency=SOL.svg
$0.000AUD
Past performance is not indicative of future results. All prices are sourced from CoinJar Indices.
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AUD
SOL

Overview

#5Popularity
UtilityAsset type
2020Active since
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What is Solana?

Looking to buy Solana (SOL)? Solana is a fast and efficient platform that is one of the fastest in the world. It is a competitor to Ethereum, Polkadot, and Cardano.

Why buy SOL?

Solana is mainly known for its fast and efficient transactions and low fees. It also has cross-chain compatibility. This means that Solana seamlessly integrates with other blockchain networks, making it easier to build and use dApps (apps built on blockchains) that work across multiple platforms.

Solana is also energy-efficient, which makes it more sustainable and eco-friendlier than proof-of-work (PoW) blockchains, like Bitcoin.

It uses a unique consensus mechanism called proof-of-history (PoH), which records the passage of time between events on the blockchain using hashed timestamps.

Solana and culture

Solana is useful because it offers a high-performance and low-cost solution for dApps and digital currencies. It supports a wide range of dApps and projects, such as , a decentralised exchange; , a music streaming platform; and , a metaverse game.

Solana launched , which sold a collection of pictures of cartoon apes.

10,000 of them in the first 10 minutes, which then drove the SOL token higher as people needed the cryptocurrency to buy the cartoon apes.

There is also a community of digital artists and collectors who create and trade NFTs on various marketplaces on Solana. For example, is a curated marketplace that features exclusive drops from known artists.

By the way, Solana is the name of a small Southern Californian coastal city, which the founder of the blockchain platform, Anatoly Yakovenko .

SOL the cryptocurrency of Solana

SOL is the native cryptocurrency of the Solana network. It is used to pay for things on the Solana network, and it can be staked (which means that people can lock it up for a period of time on the network and earn more SOL as a return. There are risks with staking, however, so do your research.)

SOL launched with a price of US$0.95. It reached an all-time high (ATH) in November of 2021, with a price of US$260. But at the time of writing, SOL is worth US$99.40. However if you bought SOL in the early days, and HODLed (Held On for Dear Life) and kept it, then you’d still be today.

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Cash, credit or crypto?

Buy Solana instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.

How to buy Solana with CoinJar

Start your portfolio with Australia's longest running crypto exchange with these simple steps.
Step oneSign up to CoinJarGet the CoinJar app on iOS or Android, create an account and verify your ID.
Step twoDeposit funds Transfer funds from your bank account using bank transfer, PayID, Osko, SEPA or Faster Payments.
Step threeBuy your first cryptoBuy Bitcoin and more than 60 other cryptos using cash or credit card.
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Frequently asked questions

What's the easiest way to buy Solana in Australia?

CoinJar is an Australian cryptocurrency exchange where you can buy and sell Solana with ease. Simply sign up, verify your identity, and deposit Australian dollars using a preferred payment method, like a debit card.

Then, navigate to the "Trade Solana" section, enter the amount of Solana you want to buy, and execute your trade. CoinJar is designed for a smooth trading experience, whether you're just starting out or looking to invest in Solana long term.

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