How to Stake Solana (SOL): A Comprehensive Guide for the UK

Introduction

Staking Solana can be an excellent option for those who wish to hold SOL while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Solana (SOL) Tokens
To stake Solana, you need to possess it. To obtain Solana, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Solana (SOL) 124.15
PrimeXBT Solana (SOL) 123.79
EarnPark Solana (SOL) 123.65
YouHodler Solana (SOL) 123.86
Binance Solana (SOL) 123.85
BTSE Solana (SOL) 123.72
View all 84 prices
2. Choose a Solana Wallet
Once you have SOL, you'll need to choose a Solana wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
YouHodler Solana (SOL) Up to 13% AER
Uphold Solana (SOL) Up to 5.8% AER
Validator.com Solana (SOL) Up to 8.62% AER
Bake Solana (SOL) Up to 5.25% AER
Binance Solana (SOL) Up to 5.1% AER
View all 41 staking rewards
3. Delegate Your SOL
We recommend using a staking pool when staking SOL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SOL, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Solana network. You will be rewarded with SOL for these validations.

Platform	Coin	Price
Nexo	Solana (SOL)	124.15
PrimeXBT	Solana (SOL)	123.79
EarnPark	Solana (SOL)	123.65
YouHodler	Solana (SOL)	123.86
Binance	Solana (SOL)	123.85
BTSE	Solana (SOL)	123.72

Platform	Coin	Staking rewards
YouHodler	Solana (SOL)	Up to 13% AER
Uphold	Solana (SOL)	Up to 5.8% AER
Validator.com	Solana (SOL)	Up to 8.62% AER
Bake	Solana (SOL)	Up to 5.25% AER
Binance	Solana (SOL)	Up to 5.1% AER

What to Be Aware Of

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