Solana is a public blockchain platform. Its native cryptocurrency is SOL.
Solana achieves consensus using a proof-of-stake mechanism, as well as a “proof-of-history” mechanism which Solana’s whitepaper claims improves scalability without sacrificing decentralization and security
Solana can purportedly handle 50,000 transactions per second, which is faster than the Ethereum blockchain.
In this post, we are going to learn how to buy Solana through Binance exchange via peer2peer method
If you missed our article, on how to signup and verify your binance account you may want to check that out and go through the process before continuing with this step
Also, learn to use this article to purchase USDT via p2p with your fiat currency through Mobile Money as we will be swapping it for some Dogecoin
If you already have a verified Binance account, you may continue with the rest of the steps below
Log in to the Binance app, and switch to Binance pro
Now move to the Trades tab and at the upper left Corner hit on Convert
Here you will be presented with an option to convert one crypto to another, eg from USDT to SOL
Choose your currency pair, preview the exchange rate and hit convert within 5 secs to confirm
Congratulations your conversion was successful, you can go back to your wallet and see your converted coin
To sell Solana back to USDT, simply reverse the order and switch the Solana back to USDT