How much money can I earn by staking Solana?

Your earnings may vary based on market conditions. Staking reward rates can change rapidly, so you should do your research before getting started with staking.

Is staking SOL risky?

Yes, staking involves risks, including market volatility and the potential to lose your SOL if the platform faces security issues. It's important to choose reputable platforms before getting started with staking.

Is staking SOL profitable?

Staking SOL is a great way to earn passive income on crypto holdings that would otherwise be sitting idle in your wallet. However, remember that your profits are influenced by fluctuating market conditions.

How much Solana do you need to stake?

Unlike other blockchains, Solana does not require a minimum stake to become a validator. That means most platforms do not have a required minimum to stake SOL.

How much of Solana is staked?

At the time of writing, more than 65% of SOL in supply is staked.

Tools

The 5 Best Platforms to Stake Solana (2024)

Expert verified

5 min read

The 5 Best Platforms to Stake Solana (2024)

Our Editorial Standards:

Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More

on this page

Key Takeaways

Historically, staking Solana has yielded returns around 5.5%. Your reward rate may vary based on the platform you choose.
Phantom and Solflare are popular decentralized options, while Coinbase is a great choice for users looking to stake through a centralized platform.
Staking Solana can be a great option for investors planning to hold SOL for the long-term.

Frequently asked questions

How much money can I earn by staking Solana?
Your earnings may vary based on market conditions. Staking reward rates can change rapidly, so you should do your research before getting started with staking.
Is staking SOL risky?
Yes, staking involves risks, including market volatility and the potential to lose your SOL if the platform faces security issues. It's important to choose reputable platforms before getting started with staking.
Is staking SOL profitable?
Staking SOL is a great way to earn passive income on crypto holdings that would otherwise be sitting idle in your wallet. However, remember that your profits are influenced by fluctuating market conditions.
How much Solana do you need to stake?
Unlike other blockchains, Solana does not require a minimum stake to become a validator. That means most platforms do not have a required minimum to stake SOL.
How much of Solana is staked?
At the time of writing, more than 65% of SOL in supply is staked.

...

Additional Resources

How is cryptocurrency taxed?

Crypto profit calculator

Track your crypto portfolio for free.

Join 500,000 people tracking their gains and losses with CoinLedger.

Written by:

Dhiraj Nallapaneni

Crypto Tax Writer

Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.

About the Author

Reviewed by:

David Kemmerer

Co-Founder & CEO

Edited by: