Solana is one of the highest performing blockchains in existence. The platform is designed to host and support resource-demanding applications while increasing the availability of financial systems.
Solana coin features
In the future, the Solana blockchain can become a serious competitor to existing smart contract platforms, as well as attract new projects and users to the crypto space. It has almost everything you need for this:
- High scalability (up to 65,000 transactions per second).
- Low transaction cost (average transaction cost is $0.0007).
- High compatibility (high performance without the use of second-layer solutions).
In addition, the Solana team is very meticulous in choosing business partners in the ecosystem.
The project was quickly enrolled in the “club” of potential Ethereum killers. However, it is still difficult for a young project to compete with a veteran of the cryptocurrency market. In addition to the reputation and popularity of Ethereum, its own non-obvious imperfections also play against Solana, which periodically manifest themselves as failures in the blockchain.
SOL is Solana’s native blockchain asset. It is used for the following purposes:
- Staking. Users can take part in network security and receive rewards
- Payment of commissions. The coin serves as a means of payment for paying fees for executing transactions and interacting with smart contracts;
- Control. The holders of the coin can take part in the management of the protocol by voting.
Where to buy Solana
At the time of publication, the coin ranks 14th in the ranking of the most capitalized cryptocurrencies and is considered as a promising asset for long-term investments. SOL is quite widely represented on centralized exchanges, in particular Kraken, Binance, MEKS and many others. This is the easiest and safest way to swap USDT to SOL.
However, it is worth remembering that many trading platforms require you to go through the KYS procedure without fail. If it is fundamentally important for you to remain incognito, you need to find an exchange where access to the trading terminal is possible without account verification.
Bybit exchange specializes in trading cryptocurrency perpetual contracts. You can use leverage up to 100x in trading. There is a $10 welcome bonus for new users.
Account verification is not required, unless you plan to work with fiat currencies.
KuCoin is one of the largest, most popular and actively developing exchanges with fairly free requirements for the user. For trading on it, KYC is not a prerequisite, at least not yet. In terms of the number of supported cryptocurrencies, KuCoin is one of the market leaders.
The OKX cryptocurrency exchange also provides some leeway for the time being. It is not necessary to verify your account, but for many transactions the system will require a phone number. Some functions of the platform are not available to anonymous users, such as crypto-fiat transactions and p2p trading.
Gate.io is one of the oldest cryptocurrency exchanges. During its existence, it has acquired many useful options and continues to develop. It is not necessary to pass KYC, although the functionality will be quite limited.
Maximum freedom of action, a huge selection of exchange directions, high security – all this is about LetsExchange, a fast cryptocurrency exchange service. All that is required of you is to enter the parameters of the transaction, replenish the deposit and indicate the address of the crypto wallet. The system will do the rest automatically. Moreover, if you plan to convert USDT to AVAX or any other asset, it can be done immediately, without any restrictions on the amount and number of swaps.