In the future, a vital component of the cryptocurrency industry will be smart contracts. While they are still in their infancy stage, smart contracts will likely become prevalent in the global marketplace; they function like a computer program, automatically executing, controlling, and documenting legal events and actions based on the terms of the agreement. What does this have to do with virtual tokens? Well, these tokens are condensed and simplified versions of smart contracts. To help your understanding, you may want to get acquainted with Solana.
Solana, which went live in 2020, is an open-source and decentralized public blockchain platform. It utilizes proof of stake and proof of history, with its internal cryptocurrency being SOL. But Solana has a treasure trove of features that allows it to stand out from the crowd, which explains how it has become one of the largest cryptocurrencies in the world in only a year’s span.
Solana is more than just a digital token to facilitate peer-to-peer transactions and generate immense capital gains. Beyond that, Solana is an entire crypto ecosystem that maintains more than 400 projects that involve smart contracts, non-fungible tokens (NFTs), decentralized finance, Web3, and so much more.
To learn more, check out Solana’s Whitepaper: https://solana.com/solana-whitepaper.pdf
The future of Solana is bright! You might want to join the many Solana investors and users. But how?
Eager to buy Solana but not sure how? No worries! Bitbuy is the simplest and most secure platform to buy Solana (SOL). Bitbuy always ensures the lowest associated fees and highest security when buying, selling or trading cryptocurrency.
Investors can easily invest in Solana (SOL) creating an account with Bitbuy, adding fund to their account directly through e-Transfer or bank wire and buying Solana directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is always here. Our customer success will ensure your investment journey is smooth throughout.
Buying Solana in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:
If at any point you need help signing up, verifying your account, adding funds, or buying and selling Bitcoin, just contact customer support for same-day assistance.
Bitbuy is one of the best and most secure places to buy Solana in Canada. Here is why:
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy, it is crucial users know that their digital assets are is safe with us.
Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy Solana.
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient.
We pride ourselves in our exceptional customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone.
Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy Solana (SOL) with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy SOL in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.
Looking for a place to store your Solana? Bitbuy is the perfect place to start. Bitbuy has a built-in wallet in each user’s account that you can use to store your Solana safe and securely with.
Website (instructions for the mobile app below)
When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To facilitate the trade click the 'Sell' button which will appear in red.
Click the drop-down and search Solana to begin the sale.
Enter the amount of Solana that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.
Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.
Locate Solana and click on the 'Sell' button.
Enter the amount of Solana you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!
With Solana, earn up to 4.28% in passive income and watch your holdings grow by locking in crypto assets for as long as you want. Funds from staking rewards are paid out every 2-3 days, and directly reinvested to maximize your compounded interest. Bitbuy has some of the best staking reward rates in Canada, so more of your money goes directly to you. Learn more on how to stake Solana in Canada!
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Quickly find the answers you need in our support centre, or contact a member of our team 24/7/365, and we'll be happy to assist you.
Bitbuy was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world. We understand that getting started with cryptocurrency can seem a little daunting and our goal is to make the process easier for you.