URL: https://exchangesteps.com/how-to-buy-solana
Updated: 2026-11-11
Sources: https://www.binance.com/ar/support/faq/how-to-use-binance-convert-e8c7579382ea403aa4a4a6eec469659d , https://www.binance.com/ar/support/faq/how-to-spot-trade-on-binance-app-c0669862a9e743d781c067c14106c29a , https://www.binance.com/ar/support/faq/how-to-withdraw-crypto-from-binance-115003670492 , https://www.binance.com/en/fee/cryptoFee , https://www.binance.com/bapi/capital/v1/public/capital/getNetworkCoinAll , https://www.okx.com/api/v5/public/instruments?instType=SPOT&instId=SOL-USDT , https://api.bybit.com/v5/market/instruments-info?category=spot&symbol=SOLUSDT , https://api.bitget.com/api/v2/spot/public/symbols?symbol=SOLUSDT , https://api.kucoin.com/api/v2/symbols/SOL-USDT , https://api.mexc.com/api/v3/exchangeInfo?symbol=SOLUSDT , https://solana.com/docs/core/accounts , https://solana.com/docs/core/fees , https://solana.com/docs/references/terminology , https://solana.com/wallets

# How to Buy Solana

> **Quick answer**
> To buy Solana (SOL) with your local currency: **(1)** create an account on an exchange and verify it, **(2)** buy **USDT on P2P** in your currency, **(3)** convert the USDT to **SOL** from **[Convert]** or on the **SOL/USDT** pair. If you withdraw to a wallet like Phantom or Solflare, pick the **Solana** network, not **BEP20**: Binance offers SOL on both, and Solana wallets receive on the Solana network.
>
> **[Open Binance and buy Solana →]**
>
> **Right after you sign up:** verify your account and have your ID card or passport ready. The steps are here: [Binance identity verification](https://exchangesteps.com/binance-identity-verification).

Every coin and its network in one table: [how to buy crypto](https://exchangesteps.com/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](https://exchangesteps.com/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](https://exchangesteps.com/how-to-create-binance-account) · [Binance verification](https://exchangesteps.com/binance-identity-verification) · [Create a Bybit account](https://exchangesteps.com/how-to-create-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](https://exchangesteps.com/how-to-buy-usdt)
- [Binance P2P](https://exchangesteps.com/how-to-buy-usdt-on-binance-p2p) · [Bybit P2P](https://exchangesteps.com/how-to-buy-usdt-on-bybit-p2p) · [Bitget P2P](https://exchangesteps.com/bitget-p2p)
- Other ways to fund your account (card, or a crypto deposit from another wallet): [How to deposit on Binance](https://exchangesteps.com/how-to-deposit-on-binance)
- By country: [Egypt](https://exchangesteps.com/buy-usdt-in-egypt) · [Saudi Arabia](https://exchangesteps.com/buy-usdt-in-saudi-arabia) · [Iraq](https://exchangesteps.com/buy-usdt-in-iraq) · [Algeria](https://exchangesteps.com/buy-usdt-in-algeria) · [All countries](https://exchangesteps.com/countries)

## Step 3: Convert USDT to SOL

On Binance:
1. Move the USDT from your **Funding wallet** to your **Spot wallet**.
2. **[Trade]** → **[Convert]** → from **USDT** to **SOL** → amount → **[Preview Conversion]** → **[Convert]**.
3. Or use spot trading: the **SOL/USDT** pair → **[Buy]** → **[Market]**. [Spot trading guide](https://exchangesteps.com/binance-spot-trading)

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

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

Full guides: [Withdraw from Binance](https://exchangesteps.com/how-to-withdraw-from-binance) · [Withdraw from Bybit](https://exchangesteps.com/how-to-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](https://exchangesteps.com/p2p-scams) before your first purchase.

**Other coins you buy the same way** (USDT on P2P, then Convert): [How to buy Toncoin](https://exchangesteps.com/how-to-buy-ton) · [How to buy TRX](https://exchangesteps.com/how-to-buy-tron) · [How to buy XRP](https://exchangesteps.com/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.*