Where and How to Earn Solana (SOL)

Introduction to the world of cryptocurrency can be both exciting and daunting

Lending Solana can be an excellent choice for those looking to hold SOL while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.

Step-by-Step Guide 1

1. 1. Acquire Solana (SOL) Tokens

   To lend Solana, you must first possess it. To acquire Solana, you'll need to purchase it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	Solana (SOL)	140,96
   PrimeXBT	Solana (SOL)	140,51
   EarnPark	Solana (SOL)	139,14
   YouHodler	Solana (SOL)	140,71
   Binance	Solana (SOL)	140,71
   BTSE	Solana (SOL)	140,64

   See all 84 prices

2. 2. Select a Solana Lender

   Once you have SOL, you'll need to select a Solana lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Nexo	Solana (SOL)	Up to 8% APY
   EarnPark	Solana (SOL)	Up to 7% APY
   YouHodler	Solana (SOL)	Up to 12% APY
   Bitget	Solana (SOL)	Up to 3,8% APY
   Blockchain.com	Solana (SOL)	Up to 5% APY

   See all 20 lending rates

3. 3. Earn Solana with competitive rates that allow you to maximize your investments

   Once you've selected a platform to earn your Solana, transfer your Solana into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to be Aware of

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.