Where and How to Earn Solana (SOL)

Introduction

Lending Solana can be an excellent choice for those looking to hold SOL while generating a return. 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 for Italian Investors

1. 1. Acquire Solana (SOL) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Solana (SOL)	138,29 APY
   PrimeXBT	Solana (SOL)	137,99 APY
   EarnPark	Solana (SOL)	137,4 APY
   YouHodler	Solana (SOL)	137,86 APY
   Binance	Solana (SOL)	138,05 APY
   BTSE	Solana (SOL)	136,83 APY

   Check out all 84 prices

2. 2. Select a Solana Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   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

   Discover all 20 lending APY rates

3. 3. Earn Solana in Italy and take advantage of competitive APY rates offered by various providers

   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 APY. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more interest you can accumulate. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks