Where and how to stake Solana (SOL)

Introduction

Staking Solana can be a great option for those who wish to hold SOL while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Solana (SOL) Tokens

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

   Platform	Coin	Price
   Nexo	Solana (SOL)	210.13
   Bitpanda	Solana (SOL)	239.97
   Uphold	Solana (SOL)	219.13
   EarnPark	Solana (SOL)	241.57
   Klink	Solana (SOL)	240.57
   PrimeXBT	Solana (SOL)	240.17

   See all 30 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	Coin	Staking rewards
   Uphold	Solana (SOL)	Up to 5.50 APY
   Bitpanda	Solana (SOL)	Up to 6.00 APY
   YouHodler	Solana (SOL)	Up to 6.00 APY
   Klink	Solana (SOL)	Up to 5.76 APY
   Validator.com	Solana (SOL)	Up to 6.75 APY

   See all 28 staking rewards

3. 3. Delegate Your SOL

   We suggest using a staking pool for staking SOL. It's easier and quicker to get started. A staking pool is a collection of validators who combine their SOL, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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 Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.