Trade Solana in Australia

Solana (SOL) is tradable as a perpetual from Australia: the legal status, working funding rails and the practical route are below.

Is Solana trading legal in Australia?

Australia treats spot crypto and crypto derivatives as different regulatory objects and gives them different answers, but neither is banned. Holding and trading crypto is lawful — ASIC's consumer site describes buying and selling crypto on a trading platform as an ordinary thing to do while warning it is highly speculative — though it is careful to say that crypto-assets, even Australian dollar stablecoins, are not legal tender in Australia and are not widely accepted as payment. The government was consulting on exposure-draft legislation to bring digital asset platforms and tokenised custody platforms in as new financial products when INFO 225 was last updated, so this perimeter is expected to move.

What the contract is

A perpetual on SOL tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open SOL-PERP

Pick SOL in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

SOL-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of SOL at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Cryptocurrency in Australia is taxed at rates between 0% and 45%, with a 50% capital gains discount for crypto held longer than a year before disposal.

Trading Solana from Australia: legal.

For Solana traders in Australia: KYC obligations and AML compliance are compulsory for cryptocurrency exchanges in Australia, according to ASIC.

24 platforms serve Australia for Solana trading, among them Aevo, ApeX and Aster.

On Canborsa, Solana trading from Australia costs 0.07% per side.