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Staking Solana (SOL) is a great way to earn passive rewards while helping secure the network, but not all staking platforms offer the same benefits. From crypto exchanges like Binance and Kraken, to hardware wallets like Ledger, the best place to stake Solana depends on your goals and preferences.

Some platforms prioritize ease of use but may offer lower rewards, while others give you full control but require more technical knowledge. If you're wondering where to stake SOL, you're in the right place! Based on my research and experience, here are the six best Solana staking platforms to consider:

  • Ledger Live - Security-Focused Solana Staking
  • Kraken - Secure Solana Staking With Competitive Rewards
  • Coinbase Earn - User-Friendly for On-The-Go Solana Staking
  • Phantom Wallet - Solana Ecosystem Staking and NFT Management
  • Solflare - Beginner-Friendly Solana Staking Platform

That being said, let's explore what makes these platforms great to stake Solana!

1. Ledger Live - Security-Focused Solana Staking

Ranks #1 out of 5

Ledger Live is the companion application for Ledger hardware wallets, such as Ledger Stax or Flex. It ensures that you’re protected from online threats while monitoring your holdings from various blockchain accounts from desktop or mobile devices.

📚 Read More: Ledger Flex Review

Besides its storage function, Ledger Live lets users trade and stake cryptocurrencies. At the time of writing, it supports 1,000s of crypto, including Ethereum and Solana, though not all of them are available for staking. It also offers a user-friendly interface, letting you check your staking rewards and even unstake the assets easily.

Best place to stake Solana: the Solana staking page on the Ledger website.

That said, Ledger was founded in 2014 and is known to be a leading provider of hardware wallets for cryptocurrencies.

Currently, it has more than 6 million units sold and none have ever been hacked, which seems to deliver its vision. Besides the popularity, can we stop to appreciate its innovation? Its latest item is Ledger Stax, for example, has the world's first-ever curved E Ink® touchscreen.

📚 Read More: Ledger Stax Review

Key Features

Here are the reasons why Ledger Live can be your best place to stake Solana:

  • Competitive Rewards. Earn rewards of up to 5% when selecting the Ledger by Figment Solana staking validator, thanks to its low commission fees.
  • Hardware-Secured Staking Transactions. Staking transactions are secured by the Ledger hardware wallet, ensuring that private keys remain offline and protected.
  • Clear Portfolio Overview. Ledger Live provides a clear display of staked balances, allowing users to easily monitor their holdings. In case you want to grow your portfolio by staking other crypto, you can track your assets within a single, secure interface.

Best place to stake Solana: the staking portfolio page on Ledger.

  • Available for Both Android and iOS. This platform ensures broad accessibility by being available for both Android and iOS operating systems, targeting the majority of mobile users.
  • Direct Purchase of Cryptocurrencies Through Partners. Users can conveniently buy SOL and other cryptocurrencies directly within the Ledger Live app through integrated partner services, such as Lido, Kiln, and Figment.

Overall, staking with Ledger is best for security-conscious users who seek competitive rewards and fees and value the hardware-secured transactions.

👉🏻 Visit Ledger Live

2. Kraken - Secure Solana Staking With Competitive Rewards

Ranks #2 out of 5

Kraken is a well-established and trusted cryptocurrency exchange founded in 2011, making it one of the oldest and most reputable platforms in the industry. It has become a go-to platform for beginner and experienced crypto traders, serving millions of users worldwide to trade and stake crypto.

The platform supports a wide range of digital assets, including Solana. Depending on your crypto and lock-up period, you can earn up to 12% yearly by staking your assets on the platform.

Best place to stake Solana: the available crypto to stake on Kraken.

I think the main strength is its customer-centric approach. In fact, it has been recognized at the annual European Customer Centricity Awards (ECCAs), shortlisted for Customer Centric Culture and Customer Centricity in B2B. Interestingly, Kraken was the only crypto, DeFi, or on-chain company to be shortlisted.

Kraken also took home three prestigious awards at Finder’s 2025 Crypto Trading Platform Awards in Australia. It won both Best Crypto Trading Platform and Best Advanced Crypto Trading Platform, while receiving a Highly Commended for Beginner Crypto Trading Platform.

Key Features

For those looking to grow their Solana holdings, Kraken offers a compelling platform with several features:

  • Competitive Rewards. The platform provides competitive staking rewards for SOL, typically ranging from 6% to 12% APY. These rates are attractive compared to traditional savings accounts and even some DeFi protocols. The exact APY can vary based on network conditions, but Kraken ensures that users receive consistent rewards.
  • Simple Staking Interface. Kraken's intuitive interface makes it easy for clients to navigate the platform, even for those new to staking. It avoids clutter and uses concise language by presenting essential information clearly without overwhelming technical jargon.
  • No Minimums. There are no minimum staking requirements, meaning you can stake any amount of SOL you hold, which is suitable for both small traders and even those looking to allocate significant amounts.

Best place to stake Solana: staking SOL on Kraken.

  • Strong Security. Kraken has a comprehensive approach to cybersecurity and information security management systems, which has earned it the ISO/IEC 27001:2013 certification and allowed the team to complete a SOC 2, Type 1 examination. Achieving a SOC 2 Type 1 certification indicates that an organization has implemented security controls[1] designed to protect client data.
  • Regulated and Trusted. It’s licensed in multiple jurisdictions, appealing to compliance-conscious users. In fact, the platform is now available in over 190 countries, supporting a wide range of users worldwide.

Overall, Kraken can be your best place to stake Solana if you are looking for a secure platform with competitive rewards, and all within its regulated and global accessibility.

👉🏻 Visit Kraken
...or read our Kraken review

3. Coinbase Earn - User-Friendly for On-The-Go Solana Staking

Ranks #3 out of 5

If you're unsure where to stake Solana and need a secure, user-friendly platform with a mobile app for staking on the go, Coinbase Earn can be an option.

Founded in 2012, this platform has a strong reputation in the industry, especially as it received several awards, including the Best Prime Broker Award in Hedgeweek's annual European Digital Assets Awards and the Best Digital Asset Custodian Award.

Best place to stake Solana: Coinbase's Earn staking benefits.

Those planning to diversify their staking strategies can also benefit from Coinbase Earn since it lets users stake multiple cryptocurrencies for more rewards.

Note that this platform requires a minimum staking amount. For Solana, you need to stake $1 worth of SOL.

Key Features:

Wondering if Coinbase Earn is the best place to stake Solana for you? Check these five features to help you make an informed decision:

  • Passive Income. The current estimated reward rate of Solana is 5.15% (although it can fluctuate). This means that, on average, stakers of Solana are earning about 5.15% if they hold an asset for 365 days.
  • User Friendliness. Learning how to stake on Coinbase is easy since the platform is user-friendly. You can typically enroll with just a few clicks through their platform. Additionally, it offers straightforward, easy-to-follow instructions for staking each supported cryptocurrency, simplifying the process for both newcomers and experienced users.

Best place to stake Solana: the Coinbase Earn app interface.

  • Security and Reliability. As a publicly traded crypto company since April 2021, Coinbase offers financial transparency through quarterly statements and annual audits. Coupled with security features like auto-enrolled 2FA and Coinbase Vault, it can be one of the secure Solana staking platforms you can trust.
  • On-The-Go Staking Process. With the Coinbase mobile app, you can stake Solana conveniently anywhere you have an internet connection.
  • Flexible Unstaking Process. While your SOL is staked, it's generally locked and cannot be traded or sent. However, Coinbase typically allows you to request to unstake your SOL at any time. The unstaking process can take a few days, depending on network conditions.

The platform's user-friendly interface, coupled with its commitment to security and the convenience of mobile staking and flexible unstaking, makes it the best way to stake Solana for those seeking to grow their holdings with ease and confidence.

📚 Read More: How to Make Money on Coinbase

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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4. Phantom Wallet - Solana Ecosystem Staking and NFT Management

Ranks #4 out of 5

Launched in 2021, Phantom Wallet is a non-custodial digital wallet designed specifically for the Solana blockchain. With such a unique position, Phantom has been known to be the go-to wallet for securely managing, swapping, and staking SOL and Solana-based tokens.

Built as both a browser extension and a mobile app, Phantom provides seamless access to Solana’s DeFi ecosystem, NFT marketplaces, and Web3 applications.

Best place to stake Solana: the download page on Phantom, showing different web browsers.

As of now, Phantom Wallet has accumulated a user base of over 15 million, making it one of the most widely adopted non-custodial wallets in the Solana ecosystem. Additionally, Phantom has achieved a valuation of approximately $3 billion, solidifying its position as one of the leading Web3 wallets.

In terms of staking, Phantom Wallet provides several validators, each with varying APYs and commission rates. The platform provides a transparent fee structure (rewards and commission), allowing you to calculate your potential earnings before committing to a validator.

Key Features

See features from Phantom Wallet that make staking Solana straightforward even for crypto newcomers:

  • Competitive APY. Staking SOL on Phantom typically offers an estimated APY of around 5-7.5%, with the exact rate fluctuating based on the validator you choose and network activity.
  • Effortless Staking Process. The Phantom Wallet interface makes staking Solana straightforward. It clearly shows your SOL balance and a list of validators with their APY and commission. The final step to stake is simple, letting you input the amount and confirm with a clear [Stake] button.

Best place to stake Solana: a list of validators on Phantom.

  • NFT Support. In case you want to diversify your assets, Phantom Wallet offers built-in NFT support, allowing you to store, view, and trade Solana-based NFTs directly within the wallet.
  • dApp Compatibility. Users can easily connect to popular Solana dApps like Raydium, Serum, Magic Eden, and Solend with a simple browser extension or mobile app integration. Additionally, Phantom’s auto-approval feature streamlines transactions, reducing the number of confirmation prompts.
  • Security Features. As a non-custodial wallet, Phantom ensures that users retain full control over their private keys, meaning funds are not held by a third party. Additionally, Phantom offers biometric authentication on mobile devices and auto-lock functionality to prevent unauthorized access.

With its competitive APY, seamless staking process, and strong security features, Phantom Wallet is a top choice for anyone wondering, “Where can I stake Solana?”. It’s an ideal platform for those looking to explore the broader Solana ecosystem, from staking and DeFi to NFTs and dApps.

📚 Read More: How to Choose a Crypto Wallet

...or read our Phantom Wallet review

5. Solflare - Beginner-Friendly Solana Staking Platform

Ranks #5 out of 5

With a focus on the community, Solflare can be your best place to stake Solana. It was created in 2020 and has gathered over 3M active users at the time of writing.

Solflare was the first-ever Solana wallet, and our mission to keep you as safe as possible will never change.

I saw many user reviews highlight that Solflare is both functional and aesthetic. Setting up the wallet is quick and effortless, thanks to its clean and intuitive interface.

Best place to stake Solana: Solflare's statistics.

Essential features like sending, receiving, swapping, and viewing transaction history are also easily accessible, ensuring a smooth user experience.

Simultaneously, it provides helpful features like in-wallet swaps and seamless staking with clear validator options. There are over 1,400 validators available on the platform, so you have more flexibility in choosing where to stake your SOL, enabling better rewards management based on APY, reliability, and commission rates.

Key Features

Before choosing Solflare as your go-to SOL staking solution, here are some key features worth exploring:

  • High APY. Solflare highlights a potential 7.21% APY for staking Solana with rewards distributed roughly every two days.
  • Wide Accessibility. The Solflare extensions are available on Chrome, Opera, Firefox, and more. Additionally, Solflare is available on both Android and iOS, collecting impressive user ratings, with 4.8 stars from over 7,600 iOS reviews and 4.9 stars from 43,000 Android reviews.

Best place to stake Solana: the Solflare mobile app.

  • Reliable Security Features. Its security system continuously analyzes patterns and behaviors to help you avoid potential scams.
  • Instant Unstake Option. Solflare offers two unstaking methods: the free Standard Unstaking method with a waiting period and Instant Unstake that incurs a fee of 0.5% to 3%, depending on available liquidity.
  • 24/7 Support. Solflare offers 24/7 human support through live chat for assistance with questions about crypto, staking, NFTs, tokens, and swaps.

Solflare is ideal for beginners and those looking to explore the Solana blockchain. With its easy-to-use interface, strong security, and flexible staking options, I think it provides a smooth entry point into staking and DeFi.

...or read our Solflare review

Comparing the Best Places for Staking Solana

Choosing the right platform is crucial for anyone looking to stake their Solana and potentially other cryptocurrencies. To help you decide which one is the most suitable for you, check the following table, where I focus on key factors relevant to staking and general cryptocurrency use.

Best for

APY

Supported Coins

Key Features

Ledger Live

Users wanting extra security

~5%

1,000+

Hardware integration, various partner services, clean overview

Binance

Flexible Solana staking

~5.15%

500+

Multiple staking options, BnSOL liquidity, various funding methods

Kraken

Simple Staking processes with no minimums

6% to 12%

387+

Simple staking interface, no minimums, strong security

Coinbase Earn

On-the-go staking

~5.15%

150+

Mobile app, flexible unstaking process

Phantom Wallet

Built-in NFT management

5-7.5%

Primarily Solana

NFT support, dApp compatibility

Solflare

Users looking for an accessible staking platform

up to 7.21%

Primarily Solana

Available on multiple OS, human support

Table: Comparison of Solana staking platforms

Ultimately, the "best" place to stake Solana depends on your individual priorities. For example, if maximizing potential APY and accessing a wide range of trading features is essential for you, popular crypto exchanges like Binance might be appealing. Finally, those seeking specific Solana-focused features would find Phantom and Solflare to be strong contenders.

📚 Read More: Best Cryptocurrency Exchanges

How to Choose the Best Place to Stake Solana

Staking Solana is a simple way to earn passive income. However, with so many staking options available, from exchanges to non-custodial wallets and hardware wallets, choosing the right one can feel overwhelming.

Below, I’ll break down the key considerations to help you make an informed decision and maximize your staking rewards:

1

Security and custody. Decide whether you prefer a custodial or non-custodial staking option. Exchanges like Binance and Coinbase handle the technical side but control your private keys, while wallets like Phantom, Solflare, or Ledger give you full control over your funds.

2

Staking Rewards (APY and payouts). Look at the Annual Percentage Yield offered. Some platforms provide higher APYs but may require locking your SOL for a set period. Additionally, check how often rewards are distributed (some platforms pay daily, while others do so weekly or longer).

Best place to stake Solana: a calendar with marked dates.

3

Flexibility and unstaking options. Some platforms allow instant unstaking (often with a small fee), while others require a cool-down period before you can withdraw your SOL. If you want easy access to your funds, look for platforms with liquid staking options.

4

Ease of use. If you’re new to staking, choose a user-friendly platform with an intuitive interface. Kraken and Phantom Wallet are good for beginners, while hardware wallets like Ledger offer advanced security but may require more technical knowledge.

5

Validator selection and decentralization. Staking through wallets lets you choose your own validator, which helps decentralize the network. On the other hand, exchanges stake through their own validators, which may be simpler for beginners.

In short, if you prioritize convenience, an exchange-based staking service like Binance Earn or Coinbase Earn might be best. If you value security and decentralization, non-custodial wallets like Phantom, Solflare, or Ledger are better options.

📚 Read More: Best Crypto Staking Platforms

What Are the Key Security Considerations for Staking Solana?

User-friendliness, high rewards, and flexibility are great, but security should always come first when staking Solana. Imagine waking up to find your staked SOL missing because of a compromised wallet or a shady validator – that would be a nightmare.

To keep your funds safe, it’s essential to understand these key security factors:

1

Custodial VS non-custodial. Decide whether you prefer a custodial or non-custodial staking option. The former is convenient but means you don’t control your private keys. Meanwhile, non-custodial staking ensures full control over your funds, reducing the risk of exchange-related issues like regulatory shutdowns.

2

Validator reputation and performance. If you’re staking through a non-custodial wallet, choose a reliable validator. Look for high uptime (consistent performance), low commission fees (higher rewards for you), and a good reputation in the Solana community.

Best place to stake Solana: a checklist clipboard.

3

Private key protection. Your private keys or seed phrase must be stored securely and never shared. That said, consider using a hardware wallet for stronger security, as the private keys are stored in the device.[2] Also, write down your seed phrase and store it in a secure, offline location to avoid getting hacked.

4

Phishing scams. Be wary of phishing attacks, where scammers impersonate legitimate staking platforms or wallets. Always double-check URLs before logging into any platform and download wallets from official sources only.

By choosing a reliable validator, keeping your private keys safe, and staying alert for scams, you can stake SOL with confidence and peace of mind.

📚 Read More: Crypto Wallet Security

How to Start Staking SOL

For those exploring the best Solana staking platforms, Ledger offers a secure and seamless option. With Ledger devices like Stax and Flex paired with the Ledger Live app, you get a fully integrated staking experience that keeps your assets protected.

In this article, I’ll walk you through the steps to stake SOL using Ledger Live, ensuring your funds remain safe within your hardware wallet throughout the process.

STEP 1:

Connect your Ledger Live with your Ledger device.

STEP 2:

Install the Solana app by going to [Manager] and searching for “Solana” in the search bar in the [App Catalog] tab.

STEP 3:

Once installed, open the Solana app on your device, go to [Accounts], and click [Stake] at the top of the page. Make sure you have SOL on your wallet, and click [Continue] on the pop-up window.

Best place to stake Solana: the Stake button on Ledger.

STEP 4:

After selecting a validator, such as "Ledger by Figment," click [Continue] to input your staking amount. Then, confirm the staking transaction by verifying the details on your Ledger device and approving it there.

Best place to stake Solana: a list of validators on Ledger, with Ledger by Figment highlighted.

Once approved on your Ledger, you should see a success message. Click [View details] for transaction info (fee, date, amount). You can also see the transaction ID to track it on a Solana scanner or check the [Accounts] tab.

Conclusions

Finding the best place to stake Solana comes down to what matters most to you – convenience, security, or higher rewards. For example, Ledger Live is ideal for security-conscious users, while Binance Earn and Kraken offer ease of use with competitive rewards.

Whatever platform you choose, always download wallets and apps from official sources and secure your private keys or recovery phrases to keep your assets safe. Staking is a great way to grow your SOL holdings while supporting the network – just make sure to do it securely.

If you’re interested in staking SOL with Ledger, explore this BitDegree Mission to learn how to keep your asset safe with the device.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. F. Jalalvand, M. B. Chhetri, S. Nepal, C. Paris: 'Alert Prioritisation in Security Operations Centres: A Systematic Survey on Criteria and Methods';

2. S. Taylor, S. H. Kim, K. A. Z. Ariffin, S. N. H. S. Abdullah: 'A Comprehensive Forensic Preservation Methodology for Crypto Wallets'.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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FAQ

Where’s the best place to stake Solana?

The best place to stake Solana depends on your priorities. If security is your main concern, Ledger Live is a great choice as it uses a hardware wallet to keep private keys offline. If you prefer convenience, Binance Earn and Coinbase Earn offer easy staking with flexible options. For those deeply involved in the Solana ecosystem, Phantom Wallet or Solflare provide non-custodial staking with validator selection. Kraken is another solid choice for competitive rewards and strong regulatory compliance. Always consider security, APY, and withdrawal flexibility when selecting where to stake Solana.

How profitable is it to stake Solana?

Staking Solana can be profitable, but earnings depend on the staking platform, validator fees, and network conditions. So, where can I stake Solana for maximum rewards? On average, the rewards range from 5% to 7% APY, though some Solana staking platforms may offer slightly higher or lower rates. Factors like validator commissions and Solana’s inflation rate can affect returns. While staking is a great way to earn passive income, it's important to reinvest rewards or compound them over time for better returns. Keep in mind that the best place to stake Solana also depends on your preferences.

Is it safe to stake Solana on Ledger?

Yes, using Ledger Live is considered the best way to stake Solana securely because private keys never leave the device. Ledger’s hardware wallets, like Stax or Flex, provide offline storage that protects assets from hacks and phishing scams. Additionally, transactions, including staking, must be confirmed on the physical device, adding an extra layer of security. While the Ledger Live app simplifies staking, you still delegate your SOL to third-party validators, so choosing a reputable validator with high uptime and low commission is essential. Always purchase Ledger devices from the official website and store your recovery phrase in a secure, offline location.

How to stake Solana on Coinbase?

Staking Solana on Coinbase Earn is a simple process. First, buy or deposit SOL into your Coinbase account. Then, navigate to the Earn Rewards section and find Solana. If eligible (users for certain countries are restricted), you should see an option to stake your SOL. After staking, rewards are automatically distributed to your account, usually every few days. Keep in mind that a small staking fee applies, and unstaking may take some time, depending on network conditions.

Can I lose my staked Solana?

While staking Solana is generally safe, there are some risks. One major risk is slashing, where a validator misbehaves (e.g., going offline or acting maliciously), causing stakers to lose a portion of their funds. However, Solana currently doesn’t enforce slashing, making this risk minimal. Another risk is exchange-related issues, such as regulatory shutdowns, if staking through a custodial platform. If staking non-custodially, your biggest risk is losing access to your private keys. So, always follow the best security practices, like using a trusted validator, avoiding phishing scams, and keeping your seed phrase secure to prevent asset loss.

How much can you earn as a Solana validator?

Running a Solana validator can be profitable but requires technical knowledge, hardware, and initial investment. Validators earn a portion of staking rewards from delegators and transaction fees. Annual rewards vary based on network activity, the number of delegators, and validator commission fees, but estimates range from 8% to 12% APY before expenses. However, operating costs include hardware, server hosting, and maintenance, which can reduce net earnings. If you're looking for options with a lower barrier of entry, programs like the BitDegree Missions can be a great way to earn while also gaining new skills and knowledge.

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