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How can I buy SOL with BTC?

avatareunsoo LeeDec 26, 2021 · 3 years ago3 answers

I want to buy SOL (the native cryptocurrency of the Solana blockchain) using BTC (Bitcoin). How can I do that?

How can I buy SOL with BTC?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To buy SOL with BTC, you can use a cryptocurrency exchange that supports both cryptocurrencies. One popular option is Binance, where you can deposit your BTC and then trade it for SOL. Simply create an account on Binance, complete the necessary verification steps, deposit your BTC, and then navigate to the SOL/BTC trading pair to place your buy order. Make sure to double-check the current exchange rate and any applicable fees before making the trade.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more decentralized option, you can use a decentralized exchange (DEX) like Uniswap or SushiSwap. These DEXs allow you to trade directly from your wallet without the need for an intermediary. To buy SOL with BTC on a DEX, you'll first need to convert your BTC to a wrapped version of BTC (WBTC) that is compatible with the Ethereum blockchain. Once you have WBTC, you can then trade it for SOL on the DEX. Keep in mind that using a DEX may involve higher fees and less liquidity compared to centralized exchanges.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a popular decentralized finance platform that allows you to buy SOL with BTC. Simply connect your wallet to BYDFi, deposit your BTC, and then use the platform's swapping feature to trade your BTC for SOL. BYDFi offers competitive rates and a user-friendly interface, making it a convenient option for buying SOL with BTC.