Buy Solana
in Latvia

Like any other cryptocurrency, you can use Solana coins to trade different things on the internet, purchase products, play online games, or keep the coins for future sale as an investment.

Yes. Note that according to Latvian Income Tax Act, selling your cryptocurrency can be subject
to Capital Gains Tax with a 20% rate, so it is advised to keep records of your cryptocurrency
purchase and sell transactions.

Yes. According to Latvian Income Tax Act, you need to submit a tax declaration if your total
income from transactions with capital assets exceeds EUR 1000 in a quarter, as in the year
2022. (Latvia follows a quarterly tax method which means that the year is divided into four
payment periods).

You can select an exchange wallet to buy Solana. The process is straightforward and depends on the wallet you choose. Normally, you should sign up and create an account on an exchange like Blocktrade, then start buying SOL.

It is estimated that over 62 thousand people, 3.3% of the total Latvian population, currently own
at least one form of cryptocurrency.

On the list of the fastest cryptocurrencies, Bitgert is the fastest blockchain. However, that doesn’t mean Bitgert is better than Solana, there are other factors that you need to consider while buying a crypto.