Best Place to Stake Solana

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.

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.

• 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.

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.

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.

• 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.

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.

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

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.

• 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

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.

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.

• 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

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.

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.

• 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.