How to Buy Solana in South Africa
Introduction to Solana (SOL)
Solana (SOL) is a high-performance blockchain platform designed for decentralised applications (dApps) and cryptocurrencies. Known for its fast transaction speeds and low costs, Solana aims to provide scalability without sacrificing decentralisation. Solana's native cryptocurrency, SOL, is used for transaction fees, staking, and participating in the platform's governance.
How much is 1 Solana in South African rands (ZAR)?
As of today, 1 SOL = 0.000000 South African Rands (ZAR).
Market data last updated: Sep 9, 2024, 05:26 AM (GMT)
How to Buy SOL in South Africa?
One of the easiest ways to buy Solana (SOL) in South Africa is through VALR, Africa’s largest cryptocurrency exchange by trade volume.
Here's a step-by-step guide on how you can buy Solana (SOL) in South Africa using VALR:
Step 1: Log into Your VALR Account
To get started, sign into your account by heading to VALR's website or opening the VALR app on your phone. If you don't have a VALR account, you can create one here. The verification process is straightforward and only takes a few minutes.
Step 2: Fund Your VALR Account with ZAR
Next, deposit ZAR to your VALR account. This can be done using a South African bank account or a credit/debit card.
For bank transfers:
Head into your ZAR Wallet, select "Deposit," and then choose the "Via EFT" method. Select your bank and use the displayed VALR banking details and your unique VR reference number to transfer Rand to your VALR account. Make sure to use your unique VR reference number as the beneficiary reference when making the transaction via your bank.
For credit/debit cards:
Select the "Deposit" menu after selecting "Wallet" and "ZAR" on the website or app and choose the "Via Credit or Debit Card" option. Enter your card details on the next page. Note that only 3D Secure-enabled cards are accepted, with a rolling 24-hour card limit of £10,000 ZAR.
Step 3: Place the Order
After your ZAR has been credited to your account (instantly for card payments and around 2 business days for EFT transfers), you can use your new fiat balance to buy Solana (SOL) in South Africa. You can purchase SOL in two ways:
1. Via the Simple Buy/Sell service:
Select "Buy/Sell" on the website or in the app and click the "Buy" button next to Solana (SOL). Choose ZAR as the currency to pay with, specify the amount of SOL to purchase, and finalise the trade.
2. Via Pro Trading:
Select the "SOL/ZAR" pair from the "Pro Trading" menu. Unlike the Simple Buy/Sell service, Pro Trading allows you to set custom order parameters, such as the type of order (Limit, Market, Stop-Limit), the Limit price, and the time in force. After providing these details, as well as the amount of SOL to buy, click "Place Buy Order" to complete the transaction.
If you’re ready to buy Solana (SOL) through VALR but don't have an account yet, sign up and get started in just a few minutes!
Common ZAR to SOL Conversions
| Amount (ZAR) | SOL Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions (FAQ)
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The value of 1 Solana (SOL) in South African Rand (ZAR) fluctuates based on the market. You can check the current price of SOL/ZAR on the VALR platform, where real-time prices are provided.
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The best wallet to buy and store Solana (SOL) when using VALR is the built-in VALR wallet, which offers security and convenience.
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Yes, you can buy Solana (SOL) with a credit card on VALR. Simply deposit ZAR using your South African-issued Visa or Mastercard debit/credit card, and then use these funds to purchase Solana on VALR.
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Yes, you can stake Solana (SOL) on VALR with up to 6% APR. Staking allows you to earn rewards on your SOL holdings while supporting the security and operations of the Solana network.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
