Buy Solana
in Brazil

To decide if buying solana is a good investment, first, take a look at its history. The official token of Solana, called SOL, was released in April 2020 with a price of $0.79 per coin. In only one year, its price mounted to $260 in November 2021. It was one of the most profitable investments for people who had bought this coin at its debut. However, like any other coin on the market, Solana had fluctuations too. Although it couldn’t reach higher than $260, it became stable for a while at the price of $30 in 2022. Solana had a drop to $12 in November 2022. 

Although no one can guarantee a positive future for any cryptocurrency, many experts believe that the updates on the Solana roadmap may affect its future. Analysts have predicted the future of Solana for upcoming years and believe this coin may reach $70 by the end of 2030. Most of the experts in this field also claim it is better to think about a long-term investment while buying Solana. However, you should be aware that any incident may affect the future of a coin. Therefore, if you are a beginner in this world, it’s recommended to avoid putting all your money on a coin.

Solana is the name of the blockchain created in 2017. Very soon after its release, it became one of the fastest blockchain networks with 2700 transactions per second. This feature made Solana very popular among people in the cryptocurrency world. To make the network more efficient, like the Cardano network, Solana also uses the proof-of-stake (PoS) technology, which also helps the network become more sustainable and scalable than the previous blockchains. Fast transactions, low fees, and low environmental impact are the benefits of the Solana blockchain.

Yes, it is legal to buy and own cryptocurrencies in Brazil. According to a publication by the
Central Bank of Brazil on the Distributed Ledger Technologies, the benefits of the application of
blockchains is mentioned and the use of blockchain technology is stated as valuable for the
creation of decentralized payment systems, particularly in the form of cryptocurrencies. It is also
stated in the above-mentioned article that cryptography and consensus systems are applicable
to this digital representation of real world assets, as in payment systems.

Yes. In Brazil, the taxation of cryptocurrency is governed by the federal tax law contained in the
Brazilian Tax Code (Lei n° 5.172/1966) and by additional regulations issued by the Brazilian
Federal Revenue Service. The specific provisions regarding the taxation of cryptocurrency can
be found in Normative Instruction (IN) 1.888/2019 issued by the Federal Revenue Service. This
instruction sets out the rules and procedures for the taxation of cryptocurrency transactions in
Brazil, including the treatment of capital gains, the reporting of cryptocurrency transactions, and
the determination of tax liability.
According to the above-mentioned taxation laws, cryptocurrency is taxed as a financial asset.
This means that any capital gains made from the sale or exchange of cryptocurrencies are
subject to a 15% taxation rate. If the holding period of the cryptocurrency is less than 365 days,
the gains are considered short term and are taxed as ordinary income. If the holding period is
longer than 365 days, the gains are considered long-term and are taxed at a more favorable
rate. In addition, cryptocurrency transactions that exceed a value of R$35,000 ($6,500) in a
given month are subject to a tax reporting obligation. but please note that the regulations are
always subject to change and it is recommended to consult tax experts in order to receive up to
date information.

Like any other coin in the cryptocurrency world, there are lots of ways you can consume your coins. You can use SOL to purchase something on the internet; nevertheless, the seller should accept your coin. Therefore, if you want to use SOL coins to buy something, check the brands and companies that support SOL. Additionally, you can trade your coins with an NFT. If you don’t want to spend your SOL tokens, you can keep them as an investment. SOL is assumed to be a great long-term investment.

Meanwhile, since the cryptocurrency world is so volatile, it’s better to consider an exit point for your investment. It can be a price that you consider the right price for selling the coin. Moreover, you should always keep an eye on the price of SOL, read its whitepapers, and check what experts and analysts say about it on their social media.

In Brazil, anyone can buy and own cryptocurrencies, including individuals, companies, and legal
entities. There are no restrictions or limitations on who can purchase cryptocurrencies. In Brazil,
there are also Over-the-counter (OTC) providers who sell you crypto currencies but you should
know that the most popular and convenient way to buy cryptocurrency in Brazil is through a
cryptocurrency exchange. On this note, our exchange is one of the most secure service
providers when it comes to buying crypto assets in Brazil. In such a circumstance, our exchange
is a reliable and secure option for purchasing cryptocurrency in Brazil. It operates legally and
provides a variety of well-known and quick payment methods, such as Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal, with no transaction fees for cost-
effectiveness.