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A Step-by-Step Guide to Buying Solana From Binance to Phantom Wallet and swap to InVastor Coins

20 days ago
15

Buying Solana (SOL) from Binance and transferring it to your Phantom Wallet, followed by swapping it for InVastor Coins (INV), can be a straightforward process if you follow the right steps. Below is a comprehensive guide to help you navigate through the process.

Step 1: Create a Binance Account

If you don’t already have a Binance account, you’ll need to create one. Here’s how:

  1. Visit the Binance website.
  2. Click on the Register button.
  3. Provide your email address and create a strong password.
  4. Complete the verification process as instructed.

Step 2: Deposit Funds into Binance

To buy Solana, you'll need to deposit funds into your Binance account. You can do this via bank transfer, credit card, or by transferring cryptocurrency.

  1. Log in to your Binance account.
  2. Go to the Wallet section and select Fiat and Spot.
  3. Click on Deposit.
  4. Select your preferred payment method and follow the prompts to complete the deposit.

Step 3: Buy Solana (SOL)

Once your funds are deposited, you can purchase Solana:

  1. Navigate to the Markets tab.
  2. Search for the SOL/USDT trading pair (or any other pair you wish to use).
  3. Click on Trade.
  4. Choose the type of order you want to place (Market or Limit) and enter the amount of Solana you wish to buy.
  5. Click Buy SOL to complete your purchase.

Step 4: Withdraw Solana to Phantom Wallet

After buying Solana, you need to transfer it to your Phantom Wallet:

  1. Open your Phantom Wallet and copy your Solana wallet address.
  2. Go back to Binance and navigate to the Wallet section.
  3. Select Withdraw.
  4. Choose Solana (SOL) as the cryptocurrency to withdraw.
  5. Paste your Phantom Wallet address and enter the amount of SOL you wish to withdraw.
  6. Complete any additional security verification (like 2FA) and confirm the withdrawal.

Step 5: Swap SOL for InVastor Coins

Once your wallet is connected, you can swap SOL for InVastor Coins:

  1. On the phantom wallet, find the swap interface. Click Solana -> Swap ->Make Sure Solana is on top.->Click to search for InVastor Coins. If in doubt, copy this address and paste it in search. FzMFy7JiaM2cj7qQbWyVN2ruqi5AN62SnV9CPhT2Pjvu
  2. Select SOL as the currency you want to swap from.
  3. Search for InVastor Coins (INV) as the currency you want to swap to (New currencies always say, Not Verified). FzMFy7JiaM2cj7qQbWyVN2ruqi5AN62SnV9CPhT2Pjvu
  4. Enter the amount of SOL you wish to swap for INV.
  5. Review the transaction details, including the slippage tolerance and transaction fees.
  6. Click the “Swap” button and confirm the transaction in your Phantom Wallet.


Step 6: Confirm Your Purchase

After completing the transaction, you can check your Phantom Wallet to see your newly acquired InVastor Coins. They should appear in your wallet balance. If they do not appear immediately, give it a few moments for the transaction to be processed on the blockchain.

Conclusion

Congratulations! You have successfully bought Solana from Binance, transferred it to your Phantom Wallet, and swapped it for InVastor Coins. Always ensure to double-check wallet addresses and transaction details to avoid any errors. For further assistance, you can refer to the Phantom Wallet Documentation or the Binance Support Center.

If you have any questions or need further assistance, feel free to reach out!

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