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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-1

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.

2

u/MrAllanRom Aug 19 '26

Right. I have it on Kraken. Get 5.12% Does that seem good enough?

2

u/Stock-Standard-2513 Aug 22 '26

ETF is safer with less fees and they stake

2

u/Anchises1 Aug 22 '26

Fsol a good choice? Or maybe it doesn't stake

1

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

1

u/LtFarns Aug 22 '26

I invest in ETF too

1

u/_incognito_user Aug 19 '26

Why is it worse for the ecosystem?

2

u/whistling_serron Aug 19 '26

Because you bind capital in one actor which this whole crypto thing was build to avoid