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Where & How to Buy Solar (SXP) for Beginners in 2025
In this guide
The safest and easiest way to buy Solar is through a cryptocurrency exchange, which functions similarly to a stock trading platform. It takes just a few minutes to buy Solar this way. Follow our quick step guide below.
How to buy Solar quickly in 3 steps
Copy link to sectionTo get Solar, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time, and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to a crypto platform
Copy link to sectionSign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.
Kraken
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.
Step 3. Buy Solar token
Copy link to sectionLocate the search box and type SXP. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.
Now you own Solar tokens! Not a big deal, right?
The easiest way to buy SXP
Copy link to sectionThe overall best platform to buy Solar for beginners is Kraken .
Here are the top five places to buy Solar, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Solar (SXP), reviewed
Copy link to sectionWe found 5 crypto platforms for users based in
1. Kraken: Best for simple, global cryptocurrency trading from your phone
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Overview
We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around.
With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available.
Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go.
The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.
Highlights
| No. of tradable assets | 200+ |
| Min. Deposit | £10 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Crypto, NFTs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | No |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
2. Paybis. Best crypto platform for choice of payment methods
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Overview
We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free.
Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly.
One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets.
The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.
Highlights
| No. of tradable assets | 90 |
| Min. Deposit | $4 |
| ID verification required | Yes |
| Free demo account | No |
| Supported assets | Crypto |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | MAS, FinCEN |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | No |
| Withdrawal fees | Yes |
| Spreads | Yes |
| Conversion fees | No |
Pros & Cons
How to trade SXP
Copy link to sectionYou can trade Solar on a cryptocurrency exchange using simple steps. Here’s a quick example that clearly lays out how SXP crypto trading works:
- Monitor the price: For simplicity, let’s say the price of SXP/USDT is $1. You read the price charts and decide that now is a good time to start purchasing SXP.
- Open a trade: You trade one USDT for one SXP ($1 USD for 1 SXP).
- Continue to monitor the price: The following month, one SXP token is now worth $2, a 100% increase.
- Close your trade: You trade your SXP token back to USDT for $2.
In this example, you buy and sell Solar, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts and technical patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.
What is the best way to invest in Solar (SXP)?
Copy link to sectionThe simplest way to buy Solar cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for SXP.
- Buy Solar with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Solar with a bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
- Buy Solar with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option. However, you can find here the best crypto exchanges that accept PayPal.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Solar (SXP)?
Copy link to sectionMost people keep their crypto on the exchange they used to purchase it. If you only plan to hold onto it for a little while, then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Solar then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet or a safe, where you take responsibility for it yourself. Two of the best Solar wallets to use are MetaMask and the Ledger Nano S.
Should I buy Solar now?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, purchasing Solar, selling Solar, and trading SXP are all the exact same process in literal terms. It’s just your personal investing intentions that define whether ‘now’ is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long-term in the hopes of larger profits. In this sense, any time is a good time to trade Solar.
- As a long-term investor: a long-term investor is not concerned if the price is up or down 10% on any given day. Instead, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of SXP, then a good time to purchase Solar is on any significant dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Solar and selling it the next day probably isn’t why you’re here either.
How has Solar (SXP) performed this year?
Copy link to sectionThe current Solar price today is $0.22, which is -96.33% versus its all time high of $5.86, which it reached on 03 May 2021. SXP is -54.87% this year, with a 52-week high of $0.52 and a 52-week low of $0.17.
Regardless, closely following Solar price news & analysis will help you decide when to pull the trigger.
