Solana cryptocurrency was launched in 2020 based on the blockchain of the same name, which uses the Proof-of-History algorithm together with Proof-of-Stake. This allows the blockchain to operate faster than many alternatives without reducing transaction security. The blockchain also employs the Turbine protocol to improve network scalability, the Gulf Stream protocol to reduce latency, and its own Sealevel system for parallel processing of transactions and smart contracts.
In the first year and a half of the coin’s existence, its price rose from $0.70 to nearly $250. Since then, the coin fell to $25, but from autumn 2024 it began to grow again. During this time, SOL crossed the $250 mark twice, in November 2024 and January 2025. As of 2025, Solana is among the top 10 coins by market capitalization. Most experts predict moderate growth for the coin throughout 2025.
To earn from buying and selling SOL, a suitable wallet is required. Today we will consider how to create a SOL wallet and tell you about the advantages of wallets on the EMCD platform.
What Is a SOL Wallet
A Solana wallet is a digital tool that allows interaction with the Solana network. It provides the ability to store, receive, send, and exchange SOL coins. Since Solana operates its own layer-1 blockchain, a SOL wallet may not always be suitable for storing other cryptocurrencies and tokens. However, if it is a multi-currency wallet, it can hold crypto from other projects alongside SOL.
Wallets are also commonly divided into cold and hot types. Cold crypto wallets do not require a constant internet connection to operate, but going online is necessary to execute outgoing transactions. Hot wallets, on the other hand, are accessible only when connected to the internet.
Private crypto keys are used to access a wallet. Most often, such a key is a 64-character hexadecimal (HEX) string, consisting of letters from A to F and numbers from 0 to 9. Keys can also be encoded or presented as a seed phrase of several English words, up to 24.
Access to the key allows any operations with the corresponding wallet and the funds stored in it. Therefore, wallets implement key storage differently. Non-custodial wallets do not store copies of users’ private keys. In theory, this increases security, but in practice it can be inconvenient and requires users to ensure safe key storage themselves.
Custodial wallets store copies of users’ keys on a secure server infrastructure. This reduces the technical skill required from users and allows them to recover account access if their own copy of the key is lost.
Advantages of the EMCD Wallet
Crypto wallets on the EMCD platform are custodial. This means you can access your crypto even if you lose your private key. Other advantages of the platform include:
- high security
- full privacy
- user-friendly interface of the wallet for SOL and other coins
- internal transfers on EMCD are free, while external transactions are subject to Solana network fees
This wallet supports not only Solana but also many other popular cryptocurrencies and tokens, including:
- AAVE
- AVAX
- BTC
- BCH
- CAKE
- ETC
- ETH
- DASH
- DOGE
- KAS
- LDO
- LTC
- MATIC
- NOT
- OP
- SUSHI
- TON
- UNI
- USDT
- USDC
In addition to the crypto wallet, the platform offers other useful services, including:
- a P2P platform for fast and profitable crypto exchange, buying, and selling
- a mining pool for popular coins
- an investment service with returns up to 14% per year
How to Create a Solana Wallet
To take full advantage of this wallet, you need to:
- open the official EMCD website
- click the Create Account button or
- choose a registration method – via email, Google account, or Telegram
- for quick registration – grant the wallet access to the chosen account. If registering via email – create and enter a password, then confirm the email address
- set up basic security and interface settings – for example, two-factor authentication
- fund your Solana wallet from another wallet, a bank card, or via the P2P platform
Unlike hardware wallets, EMCD wallets are custodial and convenient for everyday use. EMCD is your reliable guide in the world of cryptocurrencies. It provides all the tools needed for successful crypto management, suitable for both beginners and professionals.