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FAQ
FX exchange, crypto trading
Let's start
What is SOL Wallet?How to start using SOL Wallet?How to create your SOL wallet accounts?Why do I need to verify my phone number?Why do I need to verify my identity? How to do it?
Deposit, payments and transfers
I want to top up my wallet’s balanceI want to pay or send funds to my friendI want to top up my phoneI want to buy or sell BTC at my own rate (set limit order)Where is my deposit?
FX exchange, crypto trading
How to start trading crypto?How to exchange foreign currencies?Can I withdraw in foreign currency?
Withdrawal, fees, price plans, limits
How to withdraw funds from the SOL wallet?What fees do I pay?Limits and identity checksHow fast are SOL transactions?
Security and Company information
How to restore access to my wallet?How are my funds stored? Is it secure?Can someone access my wallet?Where the SOL company comes from?In which countries does SOL Wallet work?
How to exchange foreign currencies?
It does not differ anyhow from trading cryptocurrencies:
  • Open the “Exchange” screen
  • Choose the assets you want to trade (i.e. ZARs -> USDs) and enter the desired amount of USDs to buy
  • SOL wallet will show you the live rate, full cost in ZARs and the transaction fees (if any)
  • Confirm the transaction by your PIN or a fingerprint
Exchange happens instantly, and you see your updated account balances immediately.
Note that SOL does not execute foreign currency exchange directly. USDs, EURs, NGNs etc are cryptocurrencies issued by SOL Wallet and backed by SOL funds in the same currencies, allowing you to trade those tokens at the interbank FX rates - instantly and without any hidden fees.