How to buy Solana on Binance, and what EU residents use instead
Binance has no MiCA licence and EU users can only withdraw since 1 July 2026. Where to buy SOL in the EU instead, with costs, and the steps outside the EU.
If you live in the EU, you can’t buy Solana on Binance in 2026. Binance has no MiCA licence, and since 1 July 2026 EU users can only withdraw: no sign-ups, deposits, new spot orders or Earn. To buy SOL in the EU, use a MiCA-licensed exchange instead; see our guides to buying Solana on Bybit EU and buying Solana on Coinbase.
This guide explains Binance’s EU status, what to do if you still hold SOL there, what the licensed alternatives cost, and the steps for readers outside the EU. We checked Binance’s fee schedule, licences page, public API and ESMA’s MiCA register on 23 October 2026. We haven’t bought SOL on Binance ourselves.
Can you buy Solana on Binance in the EU?
No. Binance holds no MiCA authorisation in any EU country, so since the transition period ended on 1 July 2026 it may not provide crypto services to EU residents. Binance stopped onboarding EU users and suspended deposits, new spot orders and Earn, while keeping withdrawals open.
Binance applied for a MiCA licence in Greece in January 2026 and withdrew the application on 24 June 2026. It says it will apply in another member state, but we could not confirm a new application, and no Binance entity appeared in ESMA’s interim MiCA register update of 22 October 2026. Availability depends on your location:
| Location | Binance on 23 October 2026 |
|---|---|
| Netherlands | Not available since July 2023 (left after failing to register with DNB) |
| Germany, Belgium, Ireland and the rest of the EU | Withdrawals only since 1 July 2026 |
| United Kingdom | New sign-ups paused in October 2023; current status not confirmed |
| United States | Not served by Binance.com; residents use the separate Binance.US |
Already hold SOL on Binance? Move it out
If you still have SOL on Binance, the simplest step is to withdraw it to a wallet you control or to a licensed exchange. Open Withdraw, choose SOL, paste the receiving wallet address, pick the Solana network and send a small test amount before the rest. Binance shows its withdrawal fee, which changes with network conditions, before you confirm. To get euros, sell the SOL on a licensed exchange after it arrives.
Where to buy Solana in the EU instead
Three MiCA-licensed exchanges listed a SOL market with euros on their public APIs on 23 October 2026: Bybit EU, Kraken and Coinbase. All three accept SEPA bank transfers without a fee of their own, so the trading fee is the main cost.
| Exchange (EU entity) | €100 SOL buy | €1,000 SOL buy | Main catch |
|---|---|---|---|
| Bybit EU, flat 0.25% (Bybit EU GmbH, Austria) | €0.25 | €2.50 | February 2025 hack of about $1.5bn |
| Kraken Pro, limit order 0.40% (Payward Europe Solutions Limited, Ireland) | €0.40 | €4.00 | Market orders cost 0.80% |
| Coinbase Advanced, limit order 0.60% (Coinbase Luxembourg S.A.) | €0.60 | €6.00 | Market orders cost 1.20% |
On €1,000, the cheapest licensed route costs €1.50 more than Binance’s 0.10% fee. That is the price of buying from a supervised exchange. For a side-by-side look, read Binance vs Bybit.
What is Solana (SOL)?
Solana is a blockchain network designed for fast, low-cost transactions, and SOL is its native token. You need SOL to pay network fees, to stake, and to use the apps in the Solana ecosystem, from decentralized exchanges to meme coins.
SOL’s current price, supply and market cap change by the minute, and the price can fall sharply in bad market conditions. Nothing on this page is investment advice, and we make no price predictions.
How to buy Solana on Binance outside the EU
If you live outside the EU and the US, you can buy SOL on Binance.com in five steps. Binance’s licences page lists three companies in Abu Dhabi, approved by the ADGM’s Financial Services Regulatory Authority in December 2025; none of them is an EU licence, so check your own country’s rules. Binance’s public API listed a SOL/USDT spot pair as trading on 23 October 2026.
- Create a free account. Go to binance.com yourself, not through a link in a message, sign up and turn on two-factor authentication.
- Complete identity verification. Upload your ID and follow the identity checks in the app. Never share verification or recovery codes with anyone.
- Choose a payment method. Depending on your region, Binance may offer a bank transfer from your bank account, a credit or debit card, Apple Pay or Google Pay, or a crypto deposit. We couldn’t confirm which methods or fees apply where you live, so check the total at checkout.
- Buy SOL. Use Convert for a quoted price with the spread built in, or open spot trading, select SOL and the SOL/USDT pair, and place a market order (buys now) or a limit order (waits for your price). Review the order preview and confirm.
- Optional: withdraw to your own wallet. Choose Withdraw, select SOL and the Solana network, paste your Solana wallet address and send a small test first. The fee is shown before you confirm.
Binance fees for €100 and €1,000 of SOL
Outside the EU, Binance charges 0.10% maker and taker fees on spot trades, or 0.075% when you pay fees in BNB, its own token. On a €100 buy that is €0.10 (about €0.08 in BNB); on €1,000 it is €1.00 (€0.75 in BNB).
| Cost | €100 buy | €1,000 buy |
|---|---|---|
| Spot trade, 0.10% | €0.10 | €1.00 |
| Spot trade paid in BNB, 0.075% | about €0.08 | €0.75 |
| Convert | Spread in the quote, not published | Spread in the quote, not published |
| Card, Apple Pay or bank deposit | Not confirmed | Not confirmed |
A worked example: turning the equivalent of €1,000 in USDT into SOL with a spot market order costs €1.00 in fees, leaving €999 worth of SOL, before any cost of getting the USDT. Getting the BNB discount means holding BNB, which adds its own price risk. Our Binance fees page lists every cost we could confirm.
Staking SOL: what it is and the risks
Staking SOL means delegating it to a validator that helps run the Solana network, in return for a share of the rewards. According to solana.com, returns depend on the network’s inflation rate, the total amount of SOL staked, the validator’s uptime and the commission it charges, so they vary and are never promised.
Solana’s own documentation says slashing, the destruction of part of a validator’s stake for malicious behaviour, is not implemented in the protocol today, but delegators could face it in the future. Binance suspended Earn for EU users on 1 July 2026; outside the EU we couldn’t verify the terms of its SOL staking products. Staking on any exchange adds custody risk, and a falling SOL price can wipe out any rewards.
Storing SOL in a Solana wallet
Coins on Binance are custodial: Binance holds the keys. For SOL you plan to keep, a self-custody crypto wallet gives you the keys, and with them full responsibility.
- Software wallets: apps such as the Phantom wallet hold SOL and let you connect to Solana apps. Compare options in our guide to wallet types.
- Hardware wallets: a device that keeps your keys offline. Read what a hardware wallet is.
- Seed phrase: write it on paper and never share it. Our self-custody guide explains why nobody can recover it for you.
Buying SOL on a decentralized exchange
A decentralized exchange lets you swap tokens straight from your own wallet, without an account, but you first need SOL or another token in that wallet, usually bought on a centralized exchange. Smart-contract bugs, fake tokens and low liquidity are real risks, and there is no support desk if a swap goes wrong.
Binance’s track record
Binance publishes proof of reserves and keeps a user-protection fund, SAFU, converted to 15,000 BTC (about $1bn) in February 2026. Its record also includes a 2019 hack of 7,000 BTC, which SAFU covered, and a 2023 US guilty plea to anti-money-laundering and sanctions violations with a settlement of about $4.3bn.
Common mistakes when buying Solana on Binance
The biggest mistake for EU residents is trying to keep trading on Binance. Others to avoid:
- Using a VPN or a false location to open or keep using an account.
- Picking the wrong network. If more than one network is offered for SOL, choose Solana unless the receiving wallet says otherwise, and check the wallet address twice.
- Ignoring the Convert spread. A quote without a separate fee can still cost more than a spot order.
- Clicking links in “support” messages. Open the app yourself.
- Forgetting tax records. In the Netherlands, crypto falls in box 3, taxed on a notional return on your assets on 1 January; in Germany, gains on crypto held for more than a year are currently tax-free, though a 2026 draft bill would change that for coins bought from 2027.
Crypto is volatile, and you can lose all the money you put in. For Binance’s full licence, fee and security record, read our Binance review.
Questions people ask
Can I buy Solana on Binance in Europe?
Can I still withdraw my SOL from Binance in the EU?
Yes. Withdrawals stayed open after 1 July 2026. Send your SOL on the Solana network to your own wallet or to a licensed exchange, and test with a small amount first.
What is the best way to buy Solana in the EU?
Use a MiCA-licensed exchange, fund it by SEPA bank transfer and check the trading fee. At entry-tier rates, a €1,000 SOL buy costs €2.50 on Bybit EU, €4.00 with a limit order on Kraken Pro and €6.00 with a limit order on Coinbase Advanced.
How much does Binance charge to buy SOL?
Outside the EU, Binance charges 0.10% maker and taker fees on spot trades, or 0.075% when you pay fees in BNB. That is €1.00 on a €1,000 buy, or €0.75 with BNB. We couldn't confirm card or bank deposit fees.
Can US residents buy Solana on Binance?
No. Binance.com does not serve US residents, who are served by the separate Binance.US, which this guide doesn't cover.