Coinbase adds support for staking Solana


Crypto exchange firm Coinbase has expanded its staking reward offerings to include Solana. 

Track live crypto price of 10000+ coins!


The minimum starting balance a user needs to start staking Solana is $1. Payouts occur every seven days. 

Previously, tokens that could be staked on Coinbase included Ethereum, Algorand, Cosmos, Tezos, Dai and Cardano. Adding Solana means users can streamline how they stake their tokens and earn rewards using Coinbase’s platform, according to a Wednesday blog post. 

In order to stake Solana, a Coinbase user must have their identity validated on the platform and reside in a location in which staking is allowed, as stipulated in the firm’s support page. 

Related:  STEED Debuts Token Sale on the P2PB2B Exchange ⋆ MAXBIT

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP).


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: