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An in-depth guide on the best way to stake SOL.
We have a lot of data on staking Solana and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Solana (SOL) is currently priced at $173.07, with a 24-hour trading volume of $3.61B. In the last 24 hours, Solana has seen an increase to 2.1. The market cap of Solana stands at $71.26B, with 448.77M in circulation. For those looking to buy or trade Solana, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and EarnPark offer avenues to do so securely and efficiently.
Staking Solana can be a great option for those who want to hold SOL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to stake Solana, you need to have it. To obtain Solana, you'll need to purchase it. You can choose from these popular exchanges.
Once you have SOL, you’ll need to choose a Solana wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking SOL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SOL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
You’ll need 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.
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
