Solana to Toncoin (TON) exchange
Features of the Solana to Toncoin exchange
The only nuance users may encounter when exchanging Solana to Toncoin is the additional parameter or MEMO tag used in the TON network. The MEMO tag acts as a note that users add, for example, when transferring to custodial (exchange) wallets.
By default, the MEMO tag is not required to receive cryptocurrency in a personal (non-custodial) wallet: it is set by the user at will, for example, to keep a record of incoming assets. Exchanges and non-custodial wallets mainly use MEMO tag to make tracking transactions easier and linking them to a specific user when funding an account.
The Solana and Toncoin networks are among the fastest in the crypto industry, so transfers with these assets will arrive within seconds. In addition, the cost of transactions will be only a few cents, thanks to which the exchange fees for these cryptocurrencies will also be lower compared to, for example, transfers in Ethereum or Bitcoin networks.
Instructions on how to exchange SOL for TON
Step 1: Selecting a destination and searching for an exchanger
In the BestChange exchange table, users must select a direction to display a list of relevant online venues to sell SOL tokens for Toncoin.
To do this, the first part of the table requires the user to select an item with the Solana (SOL) cryptocurrency that the user will be selling, and the second part requires the user to select Toncoin (TON). Then, a full list of online exchangers corresponding to the selected direction will appear on BestChange.
Before deciding to choose an exchanger, the user can familiarize himself with the peculiarities of the platforms' work, limits, and other information related to the exchange. He can also sort the list by the necessary parameters, such as the SOL cryptocurrency selling rate, the amount of available reserves, the name of the exchanger, and the number of positive reviews about the service.
After customizing the list of exchangers, the only thing left to do is to select the service that suits the user's criteria and visit its website to proceed to the next step.
Step 2: Sending an exchange request
After going to the exchanger's website, you will see a form you must submit to apply for an exchange. In the form, you must enter the SOL to TON exchange amount and provide your e-mail and wallet address to receive Toncoin.
Exchangers thoroughly verify all transactions in accordance with KYC/AML policy and may introduce additional verification. Such exchangers are marked in the list with a special icon.
After the user fills out the form, it should be sent to the exchanger. Wait until the platform accepts it and sends the wallet address to transfer SOL cryptocurrency. Then, you can move on to the next step — sending and receiving funds.
Step 3: Transferring SOL cryptocurrency and receiving TON to the wallet
After receiving the address, the user must send the exact amount in Solana cryptocurrency to the exchanger's wallet. Then, the exchanger must confirm the receipt of funds and send the cryptocurrency Toncoin to the user's wallet.
The time required to process requests and send funds will depend on the exchanger's mode of operation: if the service works in automatic mode, all requests are processed as soon as possible, while manual processing may take up to half an hour in accordance with the regulations presented on the site's website.
Transfers in the TON network are delivered at high speed, so after the exchanger sends cryptocurrency, the funds should arrive in the user's wallet within a few seconds. Delays in the TON blockchain are extremely rare. Therefore, if the cryptocurrency has not arrived in the wallet within a minute after sending, you can check the transfer status using the transaction hash provided by the exchanger in TONScan or Tonviewer.
In case of any questions or difficulties in the transaction process, the user can contact the support service of the selected exchanger or BestChange service.
