How to Stake Solana (SOL)

Introduction

Staking Solana can be an excellent choice for those looking to hold SOL while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Solana (SOL) Tokens

   To stake Solana, you first need to acquire it. To obtain Solana, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Nexo	Solana (SOL)	127,43 APY
   PrimeXBT	Solana (SOL)	127,28 APY
   EarnPark	Solana (SOL)	125,84 APY
   YouHodler	Solana (SOL)	127,18 APY
   Binance	Solana (SOL)	127,26 APY
   BTSE	Solana (SOL)	125,23 APY

   View all 84 prices

2. 2. Select a Solana Wallet

   Once you have SOL, you'll need to select a Solana wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Solana (SOL)	Up to 13 % APY
   Uphold	Solana (SOL)	Up to 5,8 % APY
   Validator.com	Solana (SOL)	Up to 8,62 % APY
   Bake	Solana (SOL)	Up to 5,25 % APY
   Binance	Solana (SOL)	Up to 5,1 % APY

   Discover all 41 staking rewards available

3. 3. Delegate Your SOL

   We recommend using a staking pool when staking SOL. It's simpler and faster to get started. A staking pool is a collective of validators who pool their SOL, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.