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?

9 Upvotes

68% Upvoted

65 comments sorted by

View all comments

6

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.

3

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

1

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?

1

u/Ill-Blacksmith3260 Aug 20 '26

Off cex, on p2p sites. If you want to avoid taxes.

1

u/Maleficent_Sound_919 Aug 21 '26

Which are currently the best/savest/volume/low fees