Questions

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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?

Deposit, payments and transfers

I want to top up my wallet’s balance I want to pay or send funds to my friend 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, countries of operation

How to withdraw funds from the SOL wallet?What fees do I pay?How 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.