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It is always a good idea to check that the crypto exchange you plan to purchase SOL on is legally allowed to operate in the country you reside.

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Decentralized crypto exchanges operate without a central authority, where trades occur directly between users’ wallets andliquidity pools.

Decentralized crypto exchanges usesmart contractsto automate order matching and settlement.In comparison centralized crypto exchanges are operated by a company that acts as an intermediary between buyers and sellers.

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Create an account by providing your email address and setting a strong password.For security, complete the identity verification process, which typically requires a photo ID.

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You can then deposit funds using a bank transfer, credit card or other payment methods available on the exchange.

Keep in mind that centralized exchanges can charge different fees based on the method used to fund the account.Once your account is funded, navigate to the SOL trading section of the crypto exchange, select the appropriate trading pair (like SOL/USD) and execute your purchase.

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