What is Solana (SOL)?
The Solana Token (SOL) is the primary cryptocurrency of the Solana blockchain, designed for high-speed transactions. SOL is used for transaction fees, staking, and as a general-purpose token within various dApps on the platform.
Solana employs the Proof of History (PoH) consensus mechanism, where transactions are timestamped before being included in a block, theoretically improving efficiency. Additionally, its Turbine protocol facilitates data broadcasting, aiming to improve block data transmission to validators. Learn more
How to Deposit SOL Into Your Coinmetro Account
For all information on how to deposit SOL into your Coinmetro account, please see the following help center article: How to Deposit SOL.
How to Withdraw SOL From Your Coinmetro Account
For all information on how to withdraw SOL from your Coinmetro account, please see the following help center article: How to Withdraw SOL.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.