Jupiter (jup.ag) will give you better pricing than Raydium. I would use it for all your swapping.
Jupiter is an aggregator that finds the most efficient route through all DEX’s to maximize your swap. I would never use anything else.
It’s also just all around one of the best dApps in all of crypto. The UI/UX is amazing.
Hey! Oddly enough, I just ran into similar issues with Moonpay as I was trying to deposit more money into my Phantom wallet. Wouldn’t accept my debit card.
I ended up just depositing USDC into coinbase and then used the coinbase-pay integration inside the Phantom wallet to seamlessly transfer funds from coinbase->wallet.
Is Coinbase an option for you? I am not familiar with UK laws!
My selling process would look like this, although I would not advise you to sell with the imminent bullrun and massive growth of SOL coming, things are just starting to heat up.
Unfortunately, I don’t think there is a better way at the moment, cashing out still involves going through a CEX. However, I don’t think it will be that long (<5 years) before you can skip the centralized exchange altogether and buy things directly from your Phantom wallet with SOL and/or USDC.
In the future you can deposit directly from your bank into your phantom wallet in-app using MoonPay :) It’s super easy and the money is accessible instantly
Hey mate, Been on Solana for 3 years now and have been writing code on chain for almost a year.
Download the phantom wallet, it’s a chrome extension and there’s also a brilliant mobile app for iOS(not sure about android). It’s so easy to use, mobile friendly, and the most popular Solana wallet by far, use it, seriously. Don’t keep your money on an exchange. Look at what happened with FTX. Let me know if you run into any troubles.
Deposit directly from your bank account into your phantom wallet using moonpay. Click Buy -> USDC -> Moonpay -> enter bank credentials and off you go, it says it could take up to 24 hours but I have never seen it take more than 5 minutes.
Now you should see the USDC you just deposited in your phantom wallet. Phantom has a native dApp friendly browser built into it, if your on mobile it’s the bottom right button/tab that kinda looks like a globe. Click on it, from there head to Jupiter where you can swap your coins seamlessly and instaneously
Swap your USDC to Solana. Jupiter is an aggregator that finds the most efficient path among all Solana dex’s to maximize the value you’re getting. The swap is virtually instaneous, you’ll get a confirmation message and the solana will appear in your wallet before you can blink.
Stake it natively with Marinade, or stake it directly within the Phantom app by clicking on your Solana balance and clicking “start earning SOL”. Marinade is better because it automatically (you don’t have to care or worry about how this works behind the scenes) delegates your solana out to the best validators to maximize both your returns and the network security.
Any questions or issues ping me, happy to help. Welcome to Solana. There’s a ton of epic defi dApps to dig into once you’re comfortable.
The phantom wallet tells you what is coming in and what is going out of your wallet on every single transaction you sign. There are no circumstances where you should ever be skipping over that summary and blindly trusting a transaction