How to Buy Solana on Kucoin

How to Buy Solana on Kucoin

If you want to learn how to buy Solana on Kucoin, you’re at the right place! We’ll walk you through each step to ensure you can fill your pockets with SOL.

A Step-By-Step Guide on How to Buy Solana on Kucoin

1. Register an Account

Follow our link to the Kucoin website and fill out the registration form. 

2. Verify Your Account

Upon signing up, you get access to all the basic features of Kucoin, including crypto-to-crypto trading. So, if you already have digital assets you would like to exchange for SOL, you can skip verification.

If you don’t have digital assets you want to trade for SOL, you must complete verification to access advanced features like fiat-to-crypto trading. Fiat-to-crypto trading is exchanging national currencies with digital assets like Solana. For example, if you want to buy SOL with a credit card, completing this step is a must.

First, go to your profile page and select “Identity Verification.”

Hit “Verify.”

Next, you must fill out a personal information form and provide a government-issued ID matching the information you filled out. There is also a face verification step that takes a few minutes to complete.

Hit “Agree and Continue” to start.

Enter your information and hit “Next.” Follow the instructions on the screen to upload your ID and complete the face recognition step.

3. Deposit Crypto

As we said earlier, you can trade digital assets you already have with SOL on Kucoin. However, you must first move them to your Kucoin account. 

Go to the “Assets” page. Hit the green “Deposit” button at the top.

Select the cryptocurrency you want to move to Kucoin. Kucoin will generate a unique wallet address for the cryptocurrency. Use this address to transfer your funds to the exchange.

Always double-check to ensure the wallet address belongs to the currency you want to send. Each wallet address is specific to a particular cryptocurrency. For example, you can only send BTC to a BTC wallet address. 

4. Navigate to the Relevant Screen to Buy

You can buy Solana on Kucoin with fiat and digital currencies. Let’s explore each option.

How to Buy Solana on Kucoin with Fiat

On your homepage, click the “Buy Crypto” tab to see all the fiat trading options. While you can’t buy SOL with P2P, you can do so with “Fast Trade” and “Third-Party.”

With Fast Trade, you can connect a credit or debit card to your Kucoin account to make instant purchases. 

Third-party lets you buy SOL through third-party channels like Banxa, Simplex, and BTC Direct.

Fast Trade

In the “Buy Crypto” menu, select “Fast Trade.” 

Select the currency you want to spend (for example, the currency of the debit card you plan to use) and enter the amount. Choose SOL as the asset you want to receive. You’ll see the price of 1 SOL at the bottom of the order form.

Click “Pay With” and select “Add Card.”

You can now add your card details. Once you add a card, you can use it for later purchases as well.

The price usually includes a small fee. Click “Buy SOL” to continue your transaction.

Kucoin displays the amount you’ll receive and all the fees that apply to your order. Hit “Confirm.” 

Your transaction will be executed instantly. You can check your SOL balance through the “Assets” tab.

Third-Party

Solana may not always be available through the Fast Trade function on Kucoin. In that case, using a third-party payment channel is an excellent idea. 

Go to the “Third-party” buy page and enter the amount you want to spend. There is a minimum 50 USD limit to buy SOL through third-party options.

Here, you should select a payment method and a payment channel. Your options vary depending on your country and the currency you want to buy.

Kucoin offers SOL through Simplex, a crypto-to-fiat fintech company. The accepted payment method is Apple Pay.

Once you enter the amount you want to spend and fill out the form, you can see how much you must pay, including the fees. For example, if you want to buy 50 USD worth of SOL, you must pay around 60 USD, including fees. Obviously, it’s a lot more expensive than crypto-to-crypto trades on the spot market, but it is in the usual range for third-party payment channels.

Click “Confirm” to execute your order at the Simplex interface. If you don’t already have a Simplex account, you will be asked to complete a KYC check to continue.

How to Buy Solana with Crypto

You can also trade your digital assets with Solana on the spot market. Click on the “Trade” tab on your dashboard and select “Spot Trading.”

In the spot trading interface, search for SOL using the “Markets” panel on the left. The  Kucoin spot market offers USDT/SOL and USDC/SOL pairings. Select the pairing you want to trade.

If you don’t have USDT or USDC, exchange your digital assets with one of these stablecoins.

Once you select the pairing you want, fill out the order form by entering the amount you wish to trade. Select the “Market” order type to get the best available price.

Click “Buy” to complete your purchase. Once your order is fulfilled, your assets will be deposited into your trading account.

Hopefully, you enjoyed our How to Buy Solana on Kucoin guide. Check out our other how-to guides and exchange reviews to learn more.