How to buy Solana (SOL) in Bermuda

Updated on: 2025/07/03 12:40:17（UTC+0）

Coin rating

4.4

Bitget is legally accessible in Bermuda. You can buy Solana in Bermuda through Bitget.

Simple 3-step guide to buying SOL today in Bermuda

Create your free Bitget account

Provide your email address and place of residence.

Select a funding method

Fund your account using your preferred payment method.

Complete your Solana purchase

Buy Solana with as little as $5.

Step 1: Create a free account on the Bitget website or the app

Please verify your identity to ensure full compliance and enhance your Bitget experience.

You can access the identity verification page, select your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 2: Place an order for Solana using a payment method of your choice:

Buy Solana with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Solana order.

How to buy crypto with credit/debit card
Buy Solana with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Solana is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Solana order.

How to buy crypto via third-party gateway
Buy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Solana order.
Buy Solana with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Solana order.
P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.

How to buy crypto on Bitget P2P

Step 3: Monitor Solana in your Bitget spot wallet

If you've chosen to purchase Solana on Bitget, your Solana will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.

Check your assets

How to buy Solana for free

Using real money to buy Solana is not the only way to obtainSolana. If you have the time to allocate, you can get Solana for free.

Learn how to earn Solana for free through the Learn2Earn promotion
Earn free Solana by inviting friends to join Bitget's Assist2Earn promotion
Receive free Solana airdrops by joining On-going challenges and promotions

All crypto airdrops and rewards can be converted to Solana through Bitget Convert, Bitget Swap, or Spot Trading.

Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Solana Price Page and bookmark them to stay updated!

What Is Solana (SOL)?

Solana is a blockchain launched in 2017 with its mainnet debut in 2020, designed to compete with Ethereum. It offers impressive scalability, rapid transaction speeds, and low costs, all built on open-source technology.

In 2021, Solana saw explosive growth across decentralized applications (dApps), user adoption, and total value locked (TVL). The Phantom wallet, Solana's most popular wallet, grew its user base sixfold, from 200,000 in August to 1.2 million by October 2021. Additionally, participation in Solana's hackathon skyrocketed from 1,000 registrations in October 2020 to 13,000 by May 2021, marking a thirteen-fold increase. Meanwhile, Solana’s TVL skyrocketed from US$135.61 million in April 2021 to US$10.14 billion by October 2021. As a result, within just a year, Solana secured its position as the sixth-largest global blockchain by TVL.

This remarkable progress can be attributed to the innovative Proof of History (PoH) mechanism, developed by its founder, Anatoly Yakovenko, which enables efficient throughput without relying on additional scaling solutions.

Solana’s Key Strengths

Solana’s standout features lie in its consensus mechanism, combining Proof of History (PoH) and Proof of Stake (PoS). PoH uses cryptographic timestamps to autonomously sequence events, enabling faster transaction processing without requiring network-wide confirmations. Meanwhile, PoS efficiently selects validators based on the amount of staked SOL, enhancing security and reducing energy consumption when compared to traditional Proof of Work (PoW) systems. In addition to its innovative consensus, Solana has witnessed impressive growth in its ecosystem, with over 500 decentralized applications (DApps) spanning areas such as DeFi, Web3 gaming, and NFTs. User adoption has surged significantly, escalating from 200,000 to 1.2 million wallet users within just two months in 2021. Moreover, the Total Value Locked (TVL) in the network skyrocketed from $135 million to over $10 billion in a single year.

How Solana (SOL) Works

Smart Contract Platform

Solana's robust infrastructure is designed to support a variety of decentralized applications (DApps), such as NFT marketplaces, DeFi protocols, and gaming platforms. Its innovative PoH + PoS consensus model significantly reduces the bottlenecks typically encountered on older blockchain networks, enabling near-instant transaction finality.

Validator Rotation

In Solana's network, validators rotate in producing blocks, with PoH establishing a clear and transparent order of events. The PoS mechanism fairly and efficiently selects validators, resulting in a system that offers high throughput and low latency.

Utility of the SOL Token

The SOL token serves multiple purposes within the Solana ecosystem. It enables governance, allowing holders to partake in on-chain governance proposals. Users can also stake SOL to help secure the network and earn incentives. Additionally, SOL is utilized for paying transaction fees and smart contract fees. It plays a crucial role in powering applications and smart contracts operating on the Solana platform.

Why Choose Bitget for Trading SOL?

Bitget provides a fast and secure trading experience, backed by strong security measures and 24/7 global customer support to create a safe environment for users. The platform features an intuitive interface that facilitates quick deposits, trades, and withdrawals, making it suitable for both beginners and experienced traders alike. Additionally, Bitget offers flexible solutions, allowing you to trade SOL in either spot or futures markets, stake SOL for passive income, or store your holdings securely in the Bitget Wallet.

Join Bitget and Discover the Future of Solana

The Solana ecosystem is rapidly growing, encompassing everything from NFT marketplaces to DeFi applications. By joining Bitget, you gain access to powerful tools for buying, trading, staking, and securely storing SOL , helping you capitalize on one of the most dynamic crypto projects.

Start trading SOL on Bitget today and explore all the opportunities that Solana has to offer!

Buy Solana in Bermuda with Bitget

A welcome pack of 6200 USDT for new Bitget users!

Bermuda is a British overseas territory located in the Atlantic Ocean, lying 1,035 km to the east-southeast of the US State North Carolina. The Bermuda archipelago consists of 180 islands, taking up 53.2 km2 in total area and is inhabited by less than 70,000 people. The territory considers English the official language and uses the Bermudian dollar (BMD) as the native currency.

The name Bermuda may remind you of an area with paranormal phenomena, but the reality is many people have reached the islands and are living there. You can visit the place for yourself and enjoy the many beautiful attractions, such as the Gibb's Hill Lighthouse, Crystal and Fantasy Caves, Bermuda Aquarium, Museum and Zoo, and Horseshoe Bay. Bermuda is covered in many species of palm trees and fruit trees accompanied by a wide variety of animals.

In Bermuda, you can use Apple Pay, Google Pay, or credit cards to purchase Solana(SOL) with Bitget. Ships and aircrafts can be rumored to disappear in the region but your money is protected with cutting-edge security of Bitget. If you are not fond of using the above mentioned payment methods, you can choose crypto deposits or P2P trading among many other options.

FAQ

What is Solana (SOL)?

Solana (SOL) is a high-performance blockchain platform known for supporting decentralized applications and cryptocurrencies. Launched in 2020, it stands out for its scalability and speed, capable of handling up to 65,000 transactions per second.

How does Solana operate?

Solana employs a unique combination of proof-of-stake and proof-of-history mechanisms, enabling it to process transactions at high speeds and low costs, making it ideal for decentralized applications.

How much Solana (SOL) is currently in circulation?

As of 2024, around 400 million SOL tokens are in circulation. Solana operates with a variable supply, allowing for inflation adjustments.

What factors impact Solana's value?

The value of Solana is influenced by factors such as its adoption rate, network activity, and market trends. Since its launch, its price has grown from just a few dollars to over $263 at its peak in 2024.

How can I buy Solana on Bitget?

To buy Solana (SOL) on Bitget, follow these three steps: First, create a Bitget account and complete identity verification. Next, fund your account using one of the available payment methods. Finally, go to the "Buy Crypto" section, select Solana (SOL), enter the amount you wish to purchase, and complete the transaction.

Is it possible to invest $5 in Solana?

Yes, you can start investing in Solana for as little as $5 on Bitget due to its divisibility options. The minimum investment amount on Bitget is 0.0064 SOL.

What should I do if I encounter issues while buying Solana?

If you experience any issues during your purchase, contact Bitget's Customer Support via live chat or email for prompt assistance.

Where can I safely store my Solana?

Bitget is a leading cryptocurrency exchange for buying and storing Solana, offering top-tier security with features like two-factor authentication and cold storage. It provides low trading fees and a user-friendly interface, making it ideal for users of all experience levels. With multiple payment options, Bitget is accessible to users worldwide. Trusted for its excellent customer service and active community engagement, the platform also conducts regular audits of its reserves to ensure transparency.

How secure is Solana?

Solana is generally secure, leveraging proof-of-stake and proof-of-history mechanisms. For added safety, it is crucial to use trusted wallets and exchanges.

What makes Solana stand out?

Solana stands out for its exceptional transaction speed and low fees, distinguishing it from other blockchains and making it a preferred choice for scalable and efficient decentralized applications.