How to Buy Solana

Q: Which network do I choose when withdrawing SOL?

Solana for Solana wallets. Only choose BEP20 if the receiver asks for it.

Q: Where does my SOL show up after I buy it?

In your Spot wallet on the exchange, until you withdraw it.

By Youssef Adel · Last updated: November 11, 2026

Every coin and its network in one table: how to buy crypto

Which exchanges have Solana?

SOL/USDT is listed for spot trading on all six exchanges we checked (we checked their official market data on 20 October 2026):

Exchange	Pair	Start here
Binance	SOL/USDT	Create a Binance account
OKX	SOL/USDT	Create an OKX account
Bybit	SOL/USDT	Create a Bybit account
Bitget	SOL/USDT	Create a Bitget account
KuCoin	SOL/USDT	Create a KuCoin account
MEXC	SOL/USDT	Create a MEXC account

Not every exchange accepts every country: Bybit, for example, doesn't accept Syrian or Sudanese nationals wherever they live, and OKX isn't available to residents of Syria. See Compare exchanges before you sign up.

Step 1: Create an account and verify it

Sign up with email or phone. You may see an optional invitation field; if you came from our link it's already filled in, so leave it as it is. Then verify your identity. Guides: Create a Binance account · Binance verification · Create a Bybit account

Step 2: Buy USDT in your currency on P2P

Buy USDT from a seller on the exchange and pay them by bank transfer or a local e-wallet.

How to buy USDT
Binance P2P · Bybit P2P · Bitget P2P
Other ways to fund your account (card, or a crypto deposit from another wallet): How to deposit on Binance
By country: Egypt · Saudi Arabia · Iraq · Algeria · All countries

Step 3: Convert USDT to SOL

On Binance:

Move the USDT from your Funding wallet to your Spot wallet.
Trade → Convert → from USDT to SOL → amount → Preview Conversion → Convert.
Or use spot trading: the SOL/USDT pair → Buy → Market. Spot trading guide

You can buy a small fraction of SOL; you don't need a whole coin.

Step 4: Withdraw SOL to your wallet

Pick the Solana network, not BEP20

On Binance on 20 October 2026, SOL could be withdrawn on two networks:

Network	When to use it
Solana	Solana wallets (Phantom, Solflare and others) and exchanges that ask for the Solana network
BNB Smart Chain (BEP20)	Only if the receiver explicitly asks for SOL on BEP20; it's a copy on another chain

Binance warns that sending on a network the receiver doesn't support can lose your funds. The rule: open the receiving wallet's deposit page, read the network name, and pick the same one when you withdraw.

Withdrawal steps

In the wallet: choose SOL → Receive → copy the address.
On Binance: Withdraw → SOL → paste the address → network Solana.
Check the fee and the amount you'll receive, then confirm with 2FA.
First time? Send a small test amount.

Full guides: Withdraw from Binance · Withdraw from Bybit.

The minimum balance in Solana wallets (rent)

Solana's official docs say every account on the network must hold a minimum balance, proportional to its data size, and that balance is refundable. This is called rent, and an account holding that minimum is rent exempt. In practice:

Don't try to send a tiny amount to a brand-new, empty wallet; send a comfortable amount.
When emptying a wallet, you may not be able to send every last bit of SOL.
Exchanges set a minimum withdrawal, shown on the withdrawal screen.

Wallets

solana.com shows a list of wallets, including Phantom, Solflare and Backpack, and says plainly that a listing is informational, not an endorsement by the Solana Foundation. Download a wallet only from its official site, and never give your recovery phrase (seed phrase) to anyone.

Solana withdrawal fees

The network fee itself is small: according to Solana's docs, the base fee is 5,000 lamports per signature, and a lamport is a billionth of a SOL. The exchange's withdrawal fee is set by the exchange and changes, so we don't print it here: it shows on the withdrawal screen before you confirm, and Binance publishes it on its crypto fee page (linked in the sources).

Tips before you buy

Solana's price swings a lot. Start small and don't put in money you need.
Beware of messages asking you to connect your wallet to an "airdrop" site or to share your recovery phrase. That's a scam.
Read P2P scams before your first purchase.

Other coins you buy the same way (USDT on P2P, then Convert): How to buy Toncoin · How to buy TRX · How to buy XRP.

Frequently asked questions

How do I buy Solana with my local currency?

Buy USDT on P2P in your currency on an exchange like Binance, then convert it to SOL from [Convert] or on the SOL/USDT pair.

What's the best Solana wallet?

solana.com lists wallets such as Phantom, Solflare and Backpack without recommending one. Pick a wallet that supports the Solana network and download it from its official site.

Which network do I choose when withdrawing SOL?

Solana for Solana wallets. Only choose BEP20 if the receiver asks for it.

Why can't I send my whole SOL balance from my wallet?

Solana accounts need a minimum balance (rent) plus network fees, so the wallet may stop you from sending everything.

Can I buy a fraction of Solana?

Yes, you can buy a small part of a SOL for a small amount.

Where does my SOL show up after I buy it?

In your Spot wallet on the exchange, until you withdraw it.

Last updated: 20 October 2026 · Sources: Binance official help pages (Convert, spot trading, withdrawals, fees), official market data from all six exchanges on 20 October 2026, and Solana's official docs and wallet page on solana.com.