Cryptocurrencies have slowly evolved from being speculative assets for short-term gains to investments with long-term growth potential. Investors are increasingly looking to hold tokens for years to realize the benefits of staking rewards, long-term price gains, voting/governance rights on the ecosystem and more.
In this evolving investment landscape, Solana is emerging as a preferred investment option in India for long-term growth, driven by several compelling reasons. The thriving Solana ecosystem, known as the Ethereum Killer (read our blog on Solana vs Ethereum here), is lauded for its high-speed, low-cost transactions, a blooming memecoin presence, an exploding DeFi expanse, a vibrant developer community, strong token utility and a promising future roadmap.
So, if you are looking to join the Solana bandwagon and make its promising native token SOL a part of your crypto portfolio, read on to know how you can buy Solana with INR in India, where to buy Solana instantly and how to store Solana tokens safely on Flitpay, India's leading FIU-compliant crypto exchange.
Buy Solana with INR in India
Solana is a vibrant crypto ecosystem with over 400+ dApps from all niches, including AI, memecoins, NFTs, gaming, layer-2 solutions, payments and more. With over $20 billion market cap from memecoins alone, Solana's expansive ecosystem is estimated to have a whopping $265 billion total market capitalization across all its tokens. With the upcoming Firedancer and Agave 2.0 update, the Solana Seeker smartphone with a built-in crypto wallet and a slew of other such developments, we can potentially expect a trading frenzy on the platform.
Investors looking to leverage the Solana boom must buy Solana using INR today.
While there are several crypto exchanges from which investors can buy Solana in INR, it is important to conduct due diligence and choose the best crypto exchange to buy SOL. Factors such as exchange security, FIU compliance, transacting fees, and INR deposit & withdrawal fees play a crucial role in this choice.
Keeping the above factors in mind, Flitpay emerges as the best app to buy Solana in India. As a leading, free-to-use crypto exchange, Flitpay complies with the FIU's regulatory framework. Flitpay offers a zero-fee KYC process for all users and incorporates a two-factor authentication system, ensuring a secure, transparent, and convenient platform for crypto trading and storing your crypto investments.
Thanks to Flitpay's easy-to-use interface, buying SOL in India using INR has never been easier. Read on to discover the simple 4-step process to buy Solana (SOL) in India on the country's leading cryptocurrency exchange platform, Flitpay.
Buy Solana Instantly in India
Flitpay is committed to full and strict compliance with all relevant regulatory and statutory requirements, ensuring adherence to all applicable laws in India regarding crypto trading, investment, holdings, and more.
At the same time, we understand that time is of the essence when making investments. Hence, through our Instant INR Deposit & Withdrawals feature, we enable speedy transactions on our website, allowing users to instantly add INR funds from their bank account into the Flitpay exchange wallet to buy Solana and other cryptocurrencies.
Further, Flitpay's Quick Buy/Sell feature finalizes your Solana buy/sell transactions instantly with the lowest transaction fees. Flitpay also offers free Crypto deposits from other crypto exchanges to Flitpay, ensuring all your crypto assets are in one secure wallet. This lets you efficiently manage your crypto portfolio and make quick and seamless investment decisions.
Aside from this, Flitpay offers a range of core competencies that position it as a leading crypto exchange in India. These are:
- Over 300+ Cryptocurrencies to choose from
- Lowest Trading Fees
- Instant INR Deposit & Withdrawals from any Indian bank account
- Easy & Simple user interface
- Zero Withdrawal & Deposit Fees on all cryptocurrencies, no matter the number of tokens or the exchange in question
- Practice Trading Account with Real Market Fluctuations, giving first-time investors a hands-on trading experience
- Crypto Interest-Earning Option.
- Spend & Earn – A unique rewards system to receive cashback in INR or Bitcoin using the Shop & Earn offer links on the Flitpay website
- Sharing Crypto analyses, news/updates and price information for investors to make informed decisions (Click here to access Solana Price Prediction for 2025-2050)
How to buy Solana on Flitpay?
Here is a simple step-by-step process to buy SOL in India with INR on Flitpay:
1. Create & Verify Your Account on Flitpay
The first step to buying SOL in INR is to create and verify your account on Flitpay. Start by entering your email ID and password, then complete the two-factor authentication using your registered email and mobile number. The next step to completing your KYC process is to provide your Permanent Account Number (PAN), a selfie, and details like your address and date of birth. This ensures complete compliance with regulatory requirements, so transactions and withdrawals can occur fuss-free going forward. Completing the KYC process also helps secure your crypto transactions and investments, preventing any theft or fraudulent activities.
2. Add Funds to Your Exchange Wallet
After a successful account creation and verification, verify your bank account details to add INR funds to the exchange wallet (the process is akin to other stock market applications). This can be done via IMPS, NEFT, or RTGS from your registered bank account. Here is a tutorial on how to deposit INR funds instantly on Flitpay.
3. Place Your Solana (SOL) Order
Once the funds are reflected in your Flitpay wallet, you are ready to buy the desired number of SOL tokens. You can do so by entering the amount in INR corresponding to the price in INR for the number of SOL units you wish to buy. Choose your payment method and click 'Buy SOL' to complete the purchase.
4. HODL Your Solana (SOL) Securely
After executing the SOL purchase, it's crucial to store your assets safely. Flitpay provides a custodial wallet where you can securely store your crypto holdings and easily withdraw or deposit digital assets for trading and investment.
If you have SOL stored in other crypto wallets or exchanges, Flitpay also facilitates instant crypto withdrawals from different exchanges, ensuring all your crypto assets are safe in one custodial wallet.
Buying SOL in India is now easier than ever, thanks to Flitpay's simple 4-step purchase process. Buy SOL in India today and join the upcoming crypto bull run with a cryptocurrency boasting strong technical fundamentals and tremendous growth potential.
FAQs
1. Can I buy Solana in India without KYC?
No, it is not possible to buy Solana in India without KYC. KYC, or know-your-customer, is a process to ensure secure and safe transactions on a crypto exchange platform. KYC processes also tie back to tax compliance, as investors are required to disclose their PAN number, ensuring that there is complete transparency of any income arising from investment in cryptocurrencies.
Completing the KYC process for any crypto investor is a mandate by the Financial Intelligence Unit (FIU) of India. Hence, buying Solana in India is not possible without a duly completed KYC process.
2. Where can I buy Solana with UPI in India?
Investors can buy Solana with UPI in India on the Flitpay platform. Add funds through UPI at the click of a button by using the bank transfer feature on the app interface and adding Flitpay's bank account details. This way, investors can transfer funds from their UPI to the bank account linked to Flitpay and seamlessly buy SOL using INR from India's most trusted and secure crypto exchange.
3. Can I withdraw Solana to INR on Flitpay?
Yes, investors holding Solana tokens can convert SOL to INR by using the instant quick buy/sell or spot feature on the Flitpay website/app and withdraw their INR instantly. Instant INR withdrawals on Flitpay allow investors to access their profits and crypto trading gains, in as little as 30 minutes, by transferring funds to a registered bank account.
Investors must note that crypto transactions are subject to a 30% capital gains tax, along with a 1% Tax Deducted at Source (TDS). Click here to learn more about crypto taxation in India.
4. Is Solana legal in India?
Yes, buying Solana in India is legal. Investors can buy and store cryptocurrencies through an FIU-registered cryptocurrency exchange in India. These crypto holdings cannot be used as currency and are only an asset for investment in India.
Investors looking to buy Solana in India can do so from Flitpay, India's leading free-to-use crypto exchange. It offers a seamless experience for cryptocurrency trading and INR deposits/withdrawals with no restrictive terms or conditions. This secure and reliable platform features a zero-fee KYC process, making it the perfect choice for first-time and seasoned investors.
