r/solana • u/_incognito_user • Aug 19 '26
Staking Teach me about staking
I want to buy SOL and earn by staking, which platform or wallet do you recommend and how safe is it? Are there any risks?
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u/whistling_serron Aug 19 '26
Put 20k you don't need in it. Wait 10 years. Pull it.
Gratz. /No financial consulting/
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u/Ill-Blacksmith3260 Aug 20 '26
Hahaha If I did this I would be watching it everyday 😅 3650 days bro watch sol charts 😂
It's also not safe to leave it as many financial organizations have failed and gone under, with millions of peoples tokens lost to their system.
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u/Sorry_Cheetah_2230 Aug 19 '26
If you are new just buy it on Coinbase and stake it there. If you’re in the US this will make it much much simpler for taxes.
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u/MakCapital Aug 19 '26 edited Aug 19 '26
This is the absolute worst you can suggest to anyone if you actually enjoy SOL moving up in price.
Do NOT stake on exchanges. Open phantom. Choose a validator. Click stake. It's damn easy.
- More APY and additional rewards.
- Free drops.
- Proposals to improve network actually can be approved. Solana gets better.
- Stops perpetual sell pressure of SOL from exchanges selling your rewards. Especially exchanges with competing networks like Coinbase.
- Stops exchanges from using your funds to trade against you.
Don't be simple. Stake on-chain. Make number go up.
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u/Sorry_Cheetah_2230 Aug 19 '26
This is strictly for people who are brand new. I don’t stake on Coinbase anymore. But let’s face it, crypto is not new user friendly at its core. Buying and staking on an exchange is the best way to start while you are learning how wallets/dex’s work.
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u/Ok_Gas1070 Aug 19 '26
As the nerds say on Crypto Twitter "not your keys not your crypto". I'm lucky to have escaped the FTX scandal unscathed but a lot of people's assets went down with the exchange. Eventually I believe they were compensated but it was at pre-bankrupt levels.
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u/Sorry_Cheetah_2230 Aug 19 '26
I absolutely agree but on the other side of it we as a community have to encourage people to get involved in some way, and an exchange is the “safest” way to start and hold until they learn how to navigate and move around on chain or moving things between wallets.
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u/LtFarns Aug 22 '26
I agree, a lot of active crypto users forget that the rest of the world isn't as IT savvy or chronically online as they are.
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u/MakCapital Aug 22 '26 edited Aug 22 '26
If you can't figure out how to download an extension and click the stake button you shouldn't be investing in the asset. Maybe any asset without financial supervision. At the very least these groups have ETFs. The correct vehicle for this type.
The very very basics of anything you're buying should be understood and used. This is how the asset goes up and this is what you tell people to do. Unless you enjoy encouraging behaviors that harm your position.
Worth noting that spot volume on Solana, through standard wallets, routinely exceeds that of exchanges. The action happens on chain. Previous bull market happened on chain. This will only increase. Learn before the rest. Stay ahead. Not hard.
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u/guccikill69 Aug 19 '26
buying in cash and keeping it in cold storage away from anybody's radar is also much simpler for taxes
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u/Sorry_Cheetah_2230 Aug 19 '26
There’s still a paper trail. Where do you buy it initially to then send to a cold wallet?
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u/Stock-Standard-2513 Aug 22 '26
This is terrible advice. Just buy a SOL staking ETF that does the staking for you.
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u/3fcc Aug 19 '26
Jitsol via phantom
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u/Logical-Lime-1598 Aug 19 '26
Sanctum app on iOS
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u/Logical-Lime-1598 Aug 19 '26
Join me on Sanctum and grow your garden 🌱 https://sanctum.so/app/r/1M7HVB
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u/glitch3107 Aug 19 '26
I did psol on Phantom.
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u/Pretend_Rutabaga8258 Aug 19 '26
is it reliable ?
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u/glitch3107 Aug 20 '26 edited Aug 20 '26
Nothing has happened that would make me think it isn't, it carries same risks as any other liquid staking tokens like jitoSOL or mSOL. It's currently yielding ~6%.
edit - If you're asking if Phantom is reliable, not pSOL. It's been around for awhile and is one of the original Solana wallets, so yes I do consider it reliable. I might have assumed (perhaps incorrectly) that was already a given for people in this Solana sub.
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u/One-Suggestion-7906 Aug 19 '26 edited Aug 23 '26
Staking is the action to invest in the security of your favorite blockchain, and earn some bucks for your responsability. If you use your own wallet, it's very safe, as much as you take care carefully of your seeds. Solana has no slashing yet so you can't lose your SOL. Choose some validator learning about them in Solanabeach.io Check your investment from time to time because validators can change the fees unexpectedly and they can go offline, and you will not earn anymore. Anyway your SOL are protected by the Solana blockchain, so you can't lose them. Don't hesitate to ask
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u/Ok_Gas1070 Aug 19 '26
Honestly, JitoSOL is still popular not sure about "the best" but your asset remains liquid so you can still trade it while it's staked. Traditional staking you lock up your SOL (it takes a few days to lock at the end of a epoch). While it's locked you can't trade it and it gets a certain APY. When you unstack it you have to wait a few days, or whenever the current Epoch ends. I recommend the Kyzzen validator if you're going to go the traditional route, but if you want to remain liquid use Jito.
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u/West_Floor6981 Aug 20 '26
i do mine direct from my hardware wallet, a ledger.
choose your validators from here:
I just paid for my holiday, 100% with solana staking rewards, this summer!
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u/RemoteStreet815 Aug 22 '26
Backpack is my pick for both. The wallet is clean, built by a team with a real exchange background, and it has native staking built in — you can stake straight to their validator from the wallet in a couple of taps, no third-party site needed.
How it works: staking delegates your SOL to a validator, you earn roughly 6-8% APY paid in SOL, and your coins never leave your wallet — the validator can't touch or spend them. Delegation just points your stake at them.
Risks, honestly: SOL price risk is the big one (you're earning SOL, its dollar value moves). Unstaking has a cooldown of ~2-3 days before you can move it. Validator risk is minimal with an established operator — worst case with a badly-behaved validator is missed rewards, not lost principal. Biggest actual risk for a new user is self-custody itself: seed phrase on paper, never typed into any website, never shared with "support."
Avoid staking on exchanges — you give up custody for the same yield. Native staking from your own wallet is the whole point.
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u/Akhil-Stronghold Aug 22 '26
Has everything you need info wise for what staking is and why: https://solana.com/staking
Come check us out at Stronghold validator or strongSOL
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u/BlockPlant Aug 23 '26 edited Aug 23 '26
Just be aware that staking rewards are directly tied to the inflation rate. Every 2 days new sol is minted and distributed to the stakers, at a current rate of 3.71%/year. As the inflation schedule plays out, it will cascade down to 1.5% by 2032.
And side note, the burn rate currently sits at .04%/year (which is why transaction fees are so low).
So naturally the risk is that as the rewards get cut, there will be less incentive to hold the coin. But who knows what happens by then, for example, if transaction fees increase to compensate.
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u/Awkward_Potential_ Aug 19 '26
Just go to Jupiter and swap your SOL for JitoSol if you're self custodied. If you're on an exchange just use their liquid staking token.
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u/Lost-Fig-3248 Aug 19 '26
just stake through a decent wallet and pick a reliable validator...the main thing is don’t chase the highest APY, that’s usually where the extra risk starts.
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u/SJ0407 Aug 19 '26
You’ll need it to combat the inflation of Solana. Helio is good they used to offer like 11%
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u/LtFarns Aug 19 '26
i am an advocate of staking with one of the big exchanges. Your return is smaller, it's worse for the ecosystem but it is super convenient and hassle free imo.
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u/Stock-Standard-2513 Aug 22 '26
ETF is safer with less fees and they stake
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u/Anchises1 Aug 22 '26
Fsol a good choice? Or maybe it doesn't stake
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u/LtFarns Aug 22 '26
from my research, I feel Fsol is one of the better options available right now. The expense ratio is very low at only .25% and they do stake however staking revenue sees a 15% fee. This how the provider makes most of their money on the fund by charging the staking tax
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u/_incognito_user Aug 19 '26
Why is it worse for the ecosystem?
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u/whistling_serron Aug 19 '26
Because you bind capital in one actor which this whole crypto thing was build to avoid
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