Where and How to Stake Solana (SOL)

Introduction

Staking Solana can be a great choice for those who want to hold SOL but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Solana (SOL) Tokens

   To stake Solana, you need to have it. To obtain Solana, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Nexo	Solana (SOL)	138.04
   PrimeXBT	Solana (SOL)	138.01
   Uphold	Solana (SOL)	138.01
   EarnPark	Solana (SOL)	138.01
   Kraken	Solana (SOL)	138.03
   OKX	Solana (SOL)	137.87

   See all 84 prices

2. 2. Select a Solana Wallet

   Once you have SOL, you’ll need to choose a Solana wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   Uphold	Solana (SOL)	Up to 6.75 annual percentage yield
   YouHodler	Solana (SOL)	Up to 13 annual percentage yield
   Validator.com	Solana (SOL)	Up to 8.57 annual percentage yield
   Binance	Solana (SOL)	Up to 5.6 annual percentage yield
   Bitget	Solana (SOL)	Up to 10 annual percentage yield

   See all 40 staking rewards

3. 3. Delegate Your SOL

   We recommend using a staking pool when staking SOL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SOL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Solana network. You'll be rewarded with SOL for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.