- Solana is a third generation cryptocurrency renowned for its speed.
- Solana's token, SOL, has experienced strong growth in value.
- Get details on exchanges where you can quickly and safely buy Solana.
Get a step-by-step guide through the process of buying Solana from New Zealand.

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Where to buy Solana

On website
Swyftx
Highlights
- Receive $10 worth of BTC when you sign up and verify your account.
- Trade over 260 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin.
- Deposit or withdraw funds from your account using several payment methods (PayID, OSKI, POLi or bank transfers).
- New to Crypto? Try Swyftx's demo mode, it allows you to mock trade with no financial risk while you learn the ropes of crypto trading.
Pros
Cons

On website
Easy Crypto
Highlights
- The first crypto broker in New Zealand to offer a 100% funds safety guarantee on every order.
- Full custodial control over your crypto at all times.
- Convert easily and quickly between cryptocurrencies.
Pros
Cons

On website
Finty may be compensated when you click on the link.
Coinbase
Highlights
- Buy and sell popular digital currencies, keep track of them in the one place.
- Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
- Crypto stored on Coinbase servers is covered by an insurance policy.
Pros
Cons

On website
Gemini Exchange
Highlights
- Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
- Set recurring buys and dynamic price alerts.
- All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.
Pros
Cons
Step 1: Choose an exchange where you can buy Solana
Solana is listed on a growing number of crypto exchanges, which is probably the easiest way to buy the token. When comparing exchanges, consider what fees are charged for trades (maker and taker, or a spread), if there is a fee to deposit fiat currency, what order types are available, etc.
Step 2: Get verified
When you open an account on a crypto exchange, you will be asked to provide some personal details such as your name, phone number, email address, etc.
You will then be required to verify your identity for tax purposes. You can authenticate your identity using a valid form of photo ID like your driver’s licence or passport. The verification process takes approximately five minutes. Once your identity has been verified, you can fund your account and start trading.
Step 3: Set a budget
You should only ever invest what you can afford to lose, especially with something as volatile as crypto.
Step 4: Fund your account
You can fund your exchange account with fiat (NZD) transferred from a bank account, debit or credit card. PayPal and POLi may also be accepted. If you use a debit or credit card to deposit funds in your account, you will probably have to pay a transaction fee. If you already have an account on a crypto exchange, you can trade stablecoins and other crypto tokens for SOL.
Note that some exchanges only support crypto-to-crypto purchases.
Step 5: Buy Solana
Use a market order if you want to buy Solana as quickly as possible and don’t mind slippage in the price you pay. At most exchanges it’s also possible to configure an order that will be automatically executed when Solana hits a certain target price.
Depending on the exchange you are using, you may have the option of setting up a recurring order which automatically buys more Solana, for example, every week or month so you can take advantage of dollar cost averaging over time.
Where to store your Solana
For easy access to your SOL tokens, store them in the hot wallet at the exchange where you bought them. You can always transfer them out to a hot wallet you control at a different exchange at a later date. Keep in mind that hot wallets, being connected to the internet, are the less secure option and are vulnerable to hacking, theft, and malware.
Cold wallets are specially designed devices that are not connected to the internet. They are the safer way to store your SOL tokens.