Buy Solana in the UK

Looking to buy Solana (SOL)? Solana is a fast and efficient blockchain 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 as being a highly scalable blockchain protocol. It also has cross-chain compatibility. This means that Solana seamlessly integrates with other blockchain networks, making it convenient 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 for dApps and digital currencies. It supports a wide range of dApps and projects, such as Serum, a decentralised exchange; Audius, a music streaming platform; and Star Atlas, a metaverse game.

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

10,000 of them sold 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, SolSea is a curated NFT 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 took a shine to.

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 sitting pretty today.

Please note that past performance is not a guarantee of future results. The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise.

How to Buy Solana

First, you'll want to find a reliable exchange. That’s where CoinJar comes in, offering an convenient-to-navigate platform that investors trust.

It's essential to ensure the platform you choose is secure and user-friendly, so you can buy and sell Solana with confidence. Whether you’re a crypto newcomer or a savvy investor, CoinJar provides the tools you need.

Please note that in the event that a U.S. court determines that SOL is a security or there are other material developments affecting the treatment of SOL under securities laws, we may cease to support SOL and/or the market for SOL may be adversely affected.

How to buy Solana (SOL)?

Want to buy SOL? To buy Solana (SOL) on CoinJar, you need to follow these steps.

-Download the CoinJar app on iOS or Android. You can also use the web version of CoinJar.

-Create an account with CoinJar and verify your ID. This is required to comply with the regulations and laws in your country. You must provide some personal information, such as your name, email, phone number, and address. You must also upload a photo of your ID document, such as a passport or driver’s license.

The verification process may take a few minutes or hours, depending on the volume of requests. Due to UK regulations, UK customers must answer a questionnaire about understanding the risks.

Also in line with UK regulations, UK residents will also have to wait 24 hours to abide by a “cooling off” period before they get approved.

-Transfer money into your CoinJar account. You can do this in several different ways, so choose the payment method that suits you best. You can use bank transfers or a card, among other methods.

-Buy Solana (SOL) at the market price or place a custom order.

-CoinJar provides a secure and convenient wallet for storing your SOL and other cryptocurrencies. You can access your wallet from the app or the web.

You can also send and receive Solana from other wallets using your CoinJar address or QR code. If you prefer to use a different wallet, you can transfer your Solana from CoinJar to any other compatible wallet.

-Welcome to the Solana club!