Swap Solana (SOL) with no KYC

What SOL is and how Solana runs

SOL is the native coin of the Solana network. Solana’s Mainnet Beta went live in March 2020. You need SOL to pay the fee for every transaction. Validators stake SOL to secure the network, which runs on proof of stake.

Proof of History is a record that proves how much time passed between events. It works as a clock for the network. Time is split into slots, and in each slot one validator, called the leader, can produce a block. Since 25 August 2026 a slot lasts about 300 milliseconds. Further cuts are planned but not yet scheduled. A block is confirmed when validators with more than two thirds of the stake vote for it. Under the current Tower BFT rules, it is finalized once 31 or more confirmed blocks are built on top of it. Solana plans to replace Tower BFT with a new consensus protocol called Alpenglow, which will change how finality works.

SOL has no fixed maximum supply. New SOL is issued as staking rewards, and the yearly issuance rate is set to fall over time toward a long-term floor. Half of every base fee is burned.

Solana is a public ledger. Anyone can look up an address, its balance and its history on a block explorer. Swapping SOL does not change that history.

Solana addresses and accounts

Every Solana account has a 32-byte address. Wallets show it as a base58 string of 32 to 44 characters. There is no fixed prefix. Base58 has no zero, so a Solana address never starts with 0x the way an Ethereum address does.

A Solana address also has no checksum. A typo can produce a different address that still looks valid. Always copy and paste an address, and compare the first and last characters before you confirm.

A normal wallet address is a public key, and your wallet holds the matching private key. Other addresses are derived by programs. These program derived addresses have no private key, so no person can sign for them. Only the program that owns an account can move SOL out of it, but anyone can send SOL in. This is why you should send SOL only to a normal wallet address. Never send it to a program, mint or token account address.

Fees and the minimum balance

Every transaction pays a fee in SOL. A base fee is charged for each signature. You can add an optional priority fee to ask for faster processing. Half of the base fee is burned, and the validator that produces the block gets the other half and all of the priority fee. The account that pays the fee must be a regular wallet account.

Solana also asks every account to hold a minimum balance. It is often called rent, but it is a refundable deposit, not a recurring charge. The amount depends on how much data the account stores. You get it back in full when the account is closed.

The network enforces this rule strictly. A transaction fails if it would leave an account with more than zero but less than the minimum. In practice this means two things. When you send, keep at least the minimum or send your whole balance. When you send to a brand new address, the first transfer must be at least the minimum. In September 2026 Solana began lowering the minimum in steps, so we do not print an amount here.

Native SOL, SPL tokens and your swap

SOL is native. It sits directly in your wallet account. Other tokens on Solana are SPL tokens. Each token is defined by a mint account. Your balance of a token sits in a separate token account that your wallet owns. The usual one is the associated token account. Its address is derived from your wallet address and the token’s mint.

This has practical effects. To receive a token, you give the sender your main wallet address, not a token account address. If you have no token account for that token yet, the sender can create it and pay the deposit for it. To send any token, your wallet still needs some SOL for the fee.

Wrapped SOL is SOL held in a token account, so that programs can treat it like any other SPL token. It is a separate balance from native SOL. This page covers native SOL on the Solana network. If your wallet shows wrapped SOL, unwrap it before you send it to a swap.

During a swap, your deposit sits at an address controlled by our liquidity partner until your new coins are sent. A swap can be held for checks, as explained on risk and screening. To move SOL into Monero, see the SOL to XMR swap. To move it into Bitcoin, see the SOL to BTC swap.