How to Stake Solana (SOL) on MyNearWallet

MyNearWallet may not directly support SOL staking, but you can still use MyNearWallet to buy SOL and transfer it for staking.

Current APY

5.8%

Price

$83.61

Platform Fee

Platform Type

wallet

Start Staking SOL on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake SOL on MyNearWallet →

Step-by-Step: Stake SOL on MyNearWallet

Install MyNearWallet

Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

Fund the wallet with SOL

Buy SOL on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.

Open the staking section

In MyNearWallet, navigate to the staking or earn tab for Solana. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

Delegate and confirm

Enter the amount of SOL to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

MyNearWallet for SOL Staking: Pros & Cons

Pros

+ Browser-based — no install required
+ Direct delegation to any NEAR validator
+ Compatible with Ledger hardware wallets
+ Open-source codebase

Cons

- NEAR-only; no multi-chain support
- Web wallets carry phishing risk — bookmark the real URL
- Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated

Other Platforms for SOL Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

🟡Binance Staking

Exchange · Fees built into displayed APY

⭕OKX

Exchange · 10–20% commission

🔵Bybit

Exchange · Built into rates

🥩Marinade Finance

Liquid Staking · 6% of staking rewards

⚡Jito

Liquid Staking · 4% of staking rewards

🏛️Figment

validator · Varies (institutional pricing)

🌲Everstake

validator · 5–10% commission

🎵Chorus One

validator · 5–10% commission

🔐Ledger

wallet · No platform fee — only network/validator commission

👻Phantom

wallet · No platform fee — validator commission (5–10%)

🔥Solflare

wallet · No platform fee — validator commission only

🛡️Trust Wallet

wallet · No platform fee — validator commission only

🌅Exodus

wallet · No platform fee — validator commission only (note: Exodus's swap feature charges spread)

FAQ: SOL Staking on MyNearWallet

What APY can I earn staking SOL on MyNearWallet?

The current estimated APY for SOL staking is around 5.8%. Actual rates vary based on network conditions, validator performance, and MyNearWallet's fee structure (No platform fee — validator commission (typically 1–10%)).

Is staking SOL on MyNearWallet safe?

MyNearWallet is a non-custodial protocol with a low risk profile for SOL staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.

How long does it take to unstake SOL from MyNearWallet?

Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your SOL won't earn rewards.

What fees does MyNearWallet charge for SOL staking?

MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.

Can I stake SOL on other platforms?

Yes! You can compare all available platforms for SOL staking on our How to Stake Solana guide. Different platforms offer different APY rates, fees, and custody models.