How and where to buy Binance Staked SOL coin
The Bnsol cryptocurrency is tough to buy, because of the shortage of crypto exchanges which list it. There is 4 trading platforms with three pairs. All the details about, including price prediction, instructions and last project news is located below.
Where to buy Binance Staked SOL
Step 1You need an account with a cryptocurrency exchange that supports Bnsol crypto. All of them provided on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Binance | 0.1 / 0.1 | HIGH | Yes | $514154 |
|
Raydium (CLMM) | ?? / ?? | MEDIUM | No | $3056 |
|
Orca | 0.3 / 0.3 | LOW | No | $198 |
|
Meteora | ?? / ?? | MEDIUM | No | $2387 |
Transfer or buy with P2P one of this coins: USDT, SO1111... or SOL.
Step 3Go to spot trading on your cryptocurrency exchange and type the token name in search box. Select from available trading pairs, then set order and push Buy BNSOL button.
Congratulations!
Once you click buy, the Binance Staked SOL crypto will be available on your account on the crypto exchange. You need to know that only moving your coins off cryptocurrency exchange to separate hardware wallet like Trezor One or Ledger Nano X, you can improve protection of your finances. It ain't only shorten your risk if your trading platform gets hacked, but if you pick cold crypto wallet, your Binance Staked SOL cryptocurrency turn into virtually unhackable. Only disadvantage is usually have to pay a small fee to transfer your tokens off of the crypto exchange.
What is Binance Staked SOL
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
Video Review
Cryptocurrency Staking Explained: How It ACTUALLY Works
Statistics and Externals
Concepts of hashing algorithm doesn't apply in case of Binance Staked SOL cryptocurrency.
Price and supply
The current total supply is 3657506.83675, with a circulating supply of 3657506.83675 BNSOL as of Nov 2024. The total number of coins that can ever be minted infinite.
The Bnsol token price is $232.47 as of 01:58 PM. The price was dropped on -8.20177% over the past 24 hours. The recent price action left the token's market capitalization at 850.1 millions USD. So far past 30 days, the Binance Staked SOL cryptocurrency was raised on 31.04%.
FAQ
What cryptocurrency exchange can I buy Binance Staked SOL token?
Bnsol cryptocurrency can be purchased from 4 exchanges. The list includes: Binance, Raydium (CLMM), Orca and Meteora.
Is Binance Staked SOL a good investment?
The Bnsol token has a big risks of value drop. Because of high volatility of all Blockchain based assets you bear in mind: you can lose all of your invested funds, learn the risks before you start trading and unexpected changes in market can lead to sharp and sudden moves in price. Aside from that it's opportunity to get filthy rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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