How to earn money with Solana

Solana is one of the most promising cryptocurrencies out there and one of Ethereum’s biggest competitors. Its higher scalability, faster transaction speed and lower fees made me decide to invest in this cryptocurrency. 

You can just hold and wait for Solana’s value to rise. But as we all know, in the world of cryptocurrencies we have many options to make money passively. 

Once you download the extension, enter a password and save your 12 words in a safe place. 

Deposit Solana 

After you have created your wallet, search for Solana and click on deposit. Copy the address and send your Solana from wherever you have it. 

Stake Solana 

When you have your Solana in your wallet you can start generating passive income. Yo need to go to Solana in the wallet and click on “Start earning SOL”. 

Earning Option in the Solana wallet 

Choose a validator and click on Stake. When you refresh and log back into your wallet you will see that the process is being activated. This process can take about 3 days. It depends on the Solana network. 

Earnings 

To see your earnings you can go into your Stake and see the rewards. In this process it will automatically generate compound interest and you can unstake it whenever you want at no cost.