Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
Solana (SOL) is a high-performance blockchain designed for fast and low-cost transactions, making it a potential competitor to Ethereum. With its unique proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS), Solana can process thousands of transactions per second while maintaining security and a level of decentralisation. This scalability has made it a popular choice for developers building DeFi platforms, NFT marketplaces, and even meme coins like TRUMP.
It was also one of the first 5 cryptocurrencies named to form the core of a new US crypto "strategic reserve". If you want to buy Solana (SOL) in the UK, you can get it on major crypto exchanges. Before investing in Solana, make sure you do plenty of research and understand the risks before diving in, be wary of unregulated exchanges and bad actors too.
How to buy Solana in 4 steps
Compare crypto exchanges
The easiest way to buy Solana is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit funds using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Solana
You can now exchange your funds for Solana. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking "Buy". If you like, you can now withdraw your Solana to your personal wallet.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Copy trading features Simple 1% trading fee Ready-made crypto portfolios
"Top picks" are those we've evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a "Promoted Pick", it's been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
Where to buy Solana
Find an exchange to buy, sell and trade Solana by comparing deposit methods, supported fiat currencies and fees. Select "Go to site" to sign up directly with the exchange.
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Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Fees, features and asset-support across the most popular platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange – simple.
Solana to USD and GBP calculator
Our calculator works out how much Solana would be worth in USD and GBP, depending on how much you hold or are looking to purchase.
SOL price last updated 1 April 2025, 02:04 UTC.
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These exchanges cover a wide range of cryptocurrencies, but we can’t guarantee they’ll all offer this coin.
Is it a good time to buy Solana?
Only you can make the decision about when is the best time to buy Solana. However, here are some things to consider as part of your research.
Take a look at the fundamentals of Solana. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how Solana works and how much risk is involved.
Also consider how has performed so far. Our charts below show you Solana's performance over time as well as its all time high.
This price chart helps you to see how Solana is performing against a fiat currency like USD. It shows the opening, high, low and closing prices for each period and is a visual representation of Solana range within that period.
Solana price chart
Solana at a glance
Information last updated 1 April 2025, 02:04 UTC.
Coin symbol
SOL
Coin Marketcap
$64,729,075,124
Total SOL supply
597,537,124
Circulating SOL
512,505,779
Current price
$125.860000
All time high
$293.31
All time high date
19 January 2025
Notable team members
Anatoly Yakovenko, Greg Fitzgerald
Partnerships
Terra, OKEx, MXC
Industry
Blockchain
Token uses
Platform fees, staking, governance
Network
Solana
Solana price performance over time
For a more in-depth view, this chart shows you how Solana has performed over time. You can see historical prices up to 1 year previously.
Historical prices compared with the price of $125.86 at 1 April 2025, 02:04 UTC.
1 hour
-1.03%
24 hours
-0.59%
7 days
-13.07%
14 days
3.17%
30 days
-11.06%
60 days
-47.59%
200 days
-4.90%
1 year
-36.10%
What is the current price of Solana versus it's all time high?
Our chart to tracks how Solana has performed in the last 24 hours and compares it with its all time high. You can see where the current price sits in comparison to the last 24 hours, as well as what today's price is vs its peak.
SOL price last updated 1 April 2025, 02:04 UTC.
$124.12 (24h low)
$129.75 (24h high)
$0
$293.31 (19 Jan 2025)
Where could Solana's price be heading?
Solana (SOL) is set to end 2022 at $35, according to Finder's panel of fintech specialists. Going forward, the panel is projecting SOL to be worth around $116 in 2025 before rising to $236 by 2030.
Solana is a blockchain looking to address the scaling issue head-on, allowing users to process a massive number of transactions per second (TPS). To put things into perspective according to Binance Academy, while Bitcoin, Ethereum and Visa currently offer TPS rates of just 7, 30 and 2000 respectively, Solana allows users to facilitate a whopping 50,000 transactions per second. SOL is the native token of the Solana ecosystem and has a maximum supply cap of 489 million tokens. Since the platform makes use of a Proof-of-Stake (PoS) network, participants can stake their SOL coins to become validators within the network as well as earn passive rewards for their efforts.
In August 2021, Solana jumped onto the non-fungible token (NFT) bandwagon, adding it to its hefty list of decentralised finance (DeFi) projects. Its entry into the NFT market is known as the Degen Ape Academy, where users can purchase an avatar (which is a 'smooth-brained' ape) and enrol them as a student in the Academy. From there, NFT holders will be able to create and submit artwork to competitions and participate in a customisable kart-racing game with in-built rewards.
Upon the NFT platform's launch, all 10,000 Apes available were sold out within 10 minutes, immediately causing a surge in Solana's token price. Well-known celebrities such as Paris Hilton and Gary Vaynerchuk were some of the many to purchase an Ape NFT at launch.
The success of their NFT ventures, plus heightened interest in blockchains with “smart contract” capabilities, has led to Solana rising a whopping 15,300% in 2021.
SOL is the native token of the Solana network and has a number of use-cases, including: governance, staking, buying goods from merchants, building decentralized applications and participating in NFT games and metaverses. These tokens can be held in Solana's native wallets, Fantom and Sollet.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
James Edwards was the global cryptocurrency editor at Finder. He coordinates a distributed team of journalists to help further Finder's mission of helping people make better financial decisions.
He has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in boiling down complex topics into language his parents can understand.
His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds.
He is a regular contributor to Nasdaq, The Street and is frequently called upon for market commentary in Australia and abroad. See full bio
Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio
Learn how to buy Ethereum in the UK with our simple step-by-step guide and tips on what to know before you get started.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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These are the crypto exchanges which offer low fees coupled with plenty of features, a wide range of options and a good user experience.
7+
Great
These exchanges may have slightly higher fees or fewer features but are, overall, still a competitive offering.
5+
Standard
Usually, these exchanges offer a decent choice of crypto and may still include some good features, but they're not the best value for the overall cost.
0+
Basic
These crypto exchanges have higher fees and/or fewer features than other platforms on the market, or they may offer a limited choice of currencies and altcoins.
