Prerequisites 📓
- Some SOL from your favorite exchange
- a Phantom wallet
Once you have both, withdraw the SOL to your Phantom wallet the same way how you withdraw any coins like bitcoin or ethereum.
Buying the tokens 🛍️
We’re going to buy tokens through the Jupiter Aggregator. An aggregator is a kind of DEX whereas the aggregator will choose the best DEX(Serum, Orca, Raydium, Saber, Mercurial, etc.) to buy Solana SPL tokens from, for you to get the most for your money.
Jupiter is the equivalent of the likes of Matcha and 1inch on the Ethereum blockchain.
The steps ✨
- Head over to Jupiter’s website
- Connect your wallet (on the top right)
- On the You pay field, select SOL, and enter the number of SOLs you want to convert
- On the You receive field, select the token you want to purchase
- Pick the DEX you want to swap with (just choose the Best price), then click on Swap
- Approve the transactions using your Phantom wallet
An alternative 🧐
If you’re not a fan of using decentralized exchanges and such, you can simply use your favorite centralized cryptocurrency exchange to buy Solana tokens, just as how you would buy other coins and tokens as well.
As of today, the exchanges that support the most Solana tokens are FTX and Binance.
