What is Solana
The Solana (SOL) protocol is is a highly functional open-source platform designed to facilitate decentralized app (DApp) creation and decentralized finance (DeFi) solutions. It aims to improve blockchain scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of this innovative hybrid consensus model, Solana sees a lot of interest from small-time to institutional investors. A significant focus for the Solana Foundation is to make decentralized finance (DeFi) accessible on a large scale. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. You can safely and reliably buy and sell SOL on LiteBit.Buy Solana
Create an account
If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card. Having trouble? Our Customer Support is available to help you, 24/7. With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio.
We believe buying crypto like Solana, should be made simple. To buy Solana, you log in to your account in your browser or in your app. You can track the current rate of SOL in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like creditcard and SEPA payment.
Store Solana safely
At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased Solana, your crypto will show up in your SOL wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.