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7 steps to buy Solana safely and maximize your investment potential

byEditorial Team
March 11, 2025
in DeFi & Blockchain
Home News DeFi & Blockchain

Many criticized Solana, claiming that the network didn’t present enough innovation. However, the dedication of developers to creating a reliable blockchain with affordable transfers and fast transaction speeds made it a popular crypto asset for investors in 2025. If you are thinking about adding this currency to your portfolio, it’s important to have a structured approach. That’s how you can maximize investment potential each time you buy Solana online. Here are some expert tips to listen to when purchasing SOL for your crypto portfolio.

Conduct thorough research on Solana

Experienced investors know the importance of understanding every asset you pick for your portfolio. Solana is a layer-1 blockchain designed to host decentralized apps. It uses smart contracts and developer toolkits to make dApp creation simple.

For users, the idea is to offer low transaction fees and fast transfers. The estimations are that Solana can handle over 65,000 transfers each second, settling transactions in less than a second. The fees are only a small fraction of a cent, indicating the chain is a great choice for microtransactions and dApps.

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In a way, Solana is similar to Ethereum since they share the same purpose. The creator of Solana implemented a different consensus protocol. It’s a hybrid version of the proof-of-stake mechanism, one that contains a proof-of-history. That protocol ensures the transactions can be handled in the correct order, putting timestamps on each transfer. That removes the necessity of the nodes communicating constantly, which leads to decreased latency.

Choose a reputable cryptocurrency exchange

Solana is among the most valuable cryptos by market cap, so most digital exchanges support it. But it’s not only about finding a platform that supports SOL. Here are the factors to check to ensure you pick a reliable crypto exchange:

  • Security measures. Using secure servers and connections, as well as encrypted transactions, is how an exchange ensures your data remains protected against breaches. Don’t neglect the user account security measures, such as the two-factor authentication.
  • Ease of use. The user interface should be simple so you can easily access the trading options. Most exchanges offer the selection of the currencies to trade on the homepage, ensuring even the beginners understand what they should do right away.
  • Related charges. Each transaction comes with a fee paid on the blockchain for the transfer to finalize. However, the platform you pick might also impose certain charges. Take that into account and pick wisely to keep your expenses low.
  • Conversion rate. SOL is very volatile, which is characteristic of most cryptocurrencies. The conversion rate changes in seconds and depends on the platform. Make sure to compare at least a few options and pick your favourite.

Complete identity verification process

If crypto investing is supposed to be private and anonymous, why should you even pass the identity check? There are good reasons why it’s necessary to complete the Know Your Customer (KYC) program, and they involve your security, too.

Crypto exchanges implement this rule because the regulatory standards require it. The idea of confirming user identity is actually a way to minimize money laundering and fraud. Completing the KYC will require uploading your ID and/or proof of address, depending on the chosen platform. It can take a few hours for the platform to verify everything, although the process is usually quick.

Secure your investment with a reliable wallet

 7 steps to buy Solana safely and maximize your investment potential
(Image credit)

A crypto wallet is a necessary asset when acquiring digital currencies. Most crypto exchanges have a software wallet integrated with their platforms. That’s an online-only version, and it’s convenient for small crypto amounts. If you are trading big, however, we suggest acquiring hardware wallets. They offer cold offline storage, which is much safer against potential thefts.

Experts suggest you shouldn’t keep funds in your account on the exchange too long. You can withdraw crypto to a free software wallet like Solflare or TrustWallet. If you are an active investor, look for a wallet that supports multiple currencies. That way, you can store and manage your entire portfolio from a single app.

Use advanced trading features for better deals

While basic trading can earn you profit, experienced investors don’t miss out on additional opportunities offered by the crypto market. Here are some tools you can leverage to maximize potential profits and remove emotions when making trading decisions:

  • Limit orders. It’s an order that restricts when you purchase SOL. It’s great because it won’t activate until the market reaches that mark.
  • Stop loss orders. These orders trigger a sale if the price drops to the chosen level. It’s an advanced trading option that primarily protects your losses.
  • Trading bots. These are algorithms or bots that will automatically execute orders by following the parameters you set. They are great if you want to act quickly and rely only on rational factors when trading.

Monitor Solana Staking Opportunities

Staking is a method to earn interest from the tokens you lock during a certain period. It starts by choosing a staking platform that supports SOL. Solana is a blockchain with native staking support. Once you check the terms of the deal, you lock the tokens for the given period. After the period expires, you get the tokens back, along with a reward.

The general rule is that the longer you lock the tokens, the higher the prize. Annual percentage yields depend on the platform, so compare the available offers. And don’t forget that withdrawing your SOL before the deal expires can be subject to penalties or giving up the profit.

Plan for long-term growth with diversification

Solana is a great choice, but that doesn’t mean you shouldn’t diversify your portfolio. Look for complementary assets to Solana, such as Avalanche or Ethereum. Alternatively, go for completely different assets. Bitcoin is the most valuable and popular, but you can also try meme coins to gain some profit from the current currency hype. Thematic investments like Web3 projects or NFTs could also be a smart move, depending on which way you want to take.

Expert tips for investing in Solana

It all comes down to choosing a reliable exchange and picking the right moment for a trade. Solana can be a great long-term asset since it has a lot of potential for the future. With its focus on sustainability, the Solana green blockchain initiative adds another layer of appeal for environmentally conscious investors. However, day traders can also benefit from short-term SOL moves. Make sure to follow the market and any news surrounding Solana. That might tell you what the best move for today is, and that’s a great way to potentially maximize SOL investments.


Featured image credit: Pixabay

Tags: trends

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