One of the most popular cryptocurrencies is now live for trading on Ka.app! Solana (SOL) has been in our pipeline for the past couple of weeks, but we didn’t mention it in our progress updates to make it a fun surprise for our community!
Start your SOL journey with Ka.app today!
What Is SOL?
SOL is the native token of Solana, a high-performance blockchain platform launched in 2020. It’s designed to address the scalability issues faced by earlier blockchain networks and supports a wide range of applications, from decentralized exchanges to lending platforms, games, and digital marketplaces.
Solana is a strong competitor in the blockchain space, with others considering it as a good alternative to Ethereum—sometimes even calling it the ‘Ethereum killer. The platform focuses on speed, scalability, user-friendly Rust programming, and developer support, and offers a low-cost environment for decentralized applications (dApps).
SOL has seen significant growth over the years, driven by Solana's promising technology and adoption. As of writing, it’s the 5th largest cryptocurrency by market capitalization, following Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB).
6 Convenient Ways to Use SOL on Ka.app
Wondering what we have in store for SOL users? Let’s check it out.
1. Different Ways to Buy SOL
Ka.app offers various payment methods for buying SOL. Here are some of your options:
a. IBAN: If you’re from the European Economic Area (EEA), you can deposit euros (EUR) into Ka.app by first activating the Cash feature. This will automatically generate a Ka. IBAN for you, allowing you to transfer EUR from your bank into your Ka.app wallet, where you can then convert to SOL.
b. Card: Easily buy SOL by topping up EUR on your Ka.app cash account with your debit/credit card and converting.
c. Wire via Ramp: If you’re outside EEA, you can buy SOL with wire transfer (i.e., bank transfer, Apple Pay, Pix, etc.) through the Ramp integration on Ka.app.
2. Sell for EUR Quickly
EEA users can sell SOL for EUR in just a few taps/clicks and withdraw EUR to their bank accounts. It’s quick, smooth, and cost effective.
3. Convert to Other Crypto Hassle-Free
You can effortlessly convert your SOL to other cryptocurrencies available on Ka.app, such as BTC, ETH, USDT, BNB, POL, USD Coin (USDC), Cardano (ADA), Polkadot (DOT), and KASTA.
4. Transfer SOL for Free to Other Ka.app Users
Ka.app allows you to send crypto payments to other Ka.app users for free, which means you can send and receive SOL with other Ka.app users at no cost!
5. Spend or Cash Out SOL with the Ka. Debit Card
Maximize the potential of your SOL with the Ka. Debit Card! By converting SOL to EUR, you can use your funds to buy coffee, book trips, dine out with friends, shop online, and other daily activities in just a tap or by entering your card details online. If you need extra cash, you can also convert SOL to EUR and withdraw funds from your Ka.app Debit Card through a Visa-compatible automated teller machine (ATM).
6. HODL Securely
Ka.app has robust security measures that protect your funds in storage and in transit. Aside from having the Fireblocks integration, we also have two-factor authentication (2FA), regular software updates, and Know Your Customer checks to avoid fraud, hacking, and other illegal activities.
Get the Best Out of SOL with Ka.app
Whether you want to buy SOL or utilize it for payments or transactions, Ka.app’s got you covered. We simplify SOL transactions, from buying, spending, sending, receiving, or converting tokens to withdrawing funds. HODLing is secure, too!
Side note: If you already have a Ka.app account, you can earn up to $1,000 worth of tokens per successful referral on our Refer a Friend program. You and your referral would earn 15% of rewards from their transaction fees (combined rewards of 30%), which would be deducted from conversions, purchases, euro deposits, withdrawals, etc.
We’ve got more exciting things coming up, so be sure to stay in the know by following Ka.app on X and joining our Telegram channel.
Disclaimer: This article should not be taken as financial or investment advice. Buying SOL and other cryptocurrencies carries risks due to market volatility, including the possible loss of your funds. Please do your own research, evaluate your financial situation, and understand your risk tolerance before making investment decisions.