{"id":246,"date":"2026-05-13T15:14:40","date_gmt":"2026-05-13T15:14:40","guid":{"rendered":"https:\/\/bonjourgeorge.org\/?p=246"},"modified":"2026-06-17T15:16:40","modified_gmt":"2026-06-17T15:16:40","slug":"earning-1m-through-crypto-3-ways-to-earn-with-sol","status":"publish","type":"post","link":"https:\/\/bonjourgeorge.org\/?p=246","title":{"rendered":"Earning \u00a31M Through Crypto: 3 Ways to Earn With SOL"},"content":{"rendered":"

I was chatting with a p0x friend<\/a> about SOL the other day, after it pumped over 10% in a week.<\/p>\n

I hold a lot of SOL as part of my Banking because it meets my requirements<\/a>, plus it’s still low in price. I mean, if Bitcoin goes to a million dollars for 1 BTC, that’s still only a 12x gain or something. SOL only needs to hit $1,200 for that. Bigger gains from smaller moves.<\/p>\n

The Basics<\/h2>\n

For the uninitiated, SOL staking works through “validators”, who usually take a small cut of your earnings.<\/p>\n

Basic interest is around 6% per year.<\/p>\n

It’s “cold” staking: you click a button, lock up your SOL, and can close your wallet. The validators do the actual staking so you don’t need a machine running 24\/7 like many PoS coins. That’s good.<\/p>\n

Unstaking, however, takes days. I mean literally<\/em> days. Staking works in “epochs”, which are about 2.5 days long, so you\u00a0might<\/em> get unstaked SOL back in minutes if you happen to hit the end of an epoch, but you might have to wait days for it.<\/p>\n

Anyway, we were chatting about how it’s good for Banking, so I looked into the best ways to earn from SOL.<\/p>\n

1. Staking on an Exchange<\/h2>\n

Most exchanges offer on-site staking.<\/p>\n

The minimum stake is usually 0.1 SOL.<\/p>\n

You don’t get to choose a validator, so you can’t choose one with 0% fees.<\/p>\n

Interest rates vary wildly:\u00a0MEXC does 6.61% for on-chain staking and CoinEx offers 4.37% (right now; those rates are flexible). That’s about 30% difference in interest rates, so shop around.<\/p>\n

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Some exchanges do a weird swap thing where they give you a token representing your SOL while your coins stake – MEXC does this with MXSOL. The advantage is that you can trade staked<\/em> SOL as if it were in your exchange wallet as normal. The downside is that MEXC takes 5 days to unstake and convert the MXSOL back to SOL, so think long-term savings.<\/p>\n

Of course, you’re putting your money in someone else’s wallet, thus losing control and privacy (if you do KYC, which neither of those exchanges requires for basic staking).<\/p>\n

2. Staking it Yourself<\/h2>\n

Thankfully, as I mentioned above, SOL stakes cold. You don’t have to run a wallet 24\/7 to earn, which means staking it yourself is surprisingly simple.<\/p>\n

The minimum stake is usually the same 0.1 SOL, depending on which wallet you use.<\/p>\n

Phantom wallet (web3, which I trust less) allows you to choose your own validator, so you can find a good, cheap one.<\/p>\n

Exodus (desktop) does not allow you to choose, so you’ll lose about 7% of your earnings (last time I checked, that may have changed).<\/p>\n

In either case (and presumably in other wallets), staking is a one-click proposition. Very easy, which is great<\/em> when compared to a lot of staking coins.<\/p>\n

\"giphy.gif\"<\/p>\n

Interest rates are the usual ~6% from the chain’s basic PoS setup.<\/p>\n

Unstaking takes the usual minutes-to-days, as outlined above.<\/p>\n

The big advantage is that you never lose control of your coins<\/em>: they’re in YOUR wallet, with YOUR private keys.<\/p>\n

If your validator goes offline, stops running, or gets abducted by aliens, your coins stop staking but they’re still your coins in your wallet. You just re-stake them!<\/p>\n

3. Earning Interest on an Exchange<\/h2>\n

A third – and honestly unexpected – option is to earn interest on an exchange.<\/p>\n

Both MEXC and CoinEx offer this, though MEXC demands KYC to access the option.<\/p>\n

Instead of staking on-chain, you assign (and perhaps lock) your SOL in the same way you do to earn interest on other coins.<\/p>\n

MEXC currently offers 8% interest on this method, CoinEx offers 5.09% (again, those are flexible and will change).<\/p>\n

The big advantage is that you don’t actually stake your coins, so there is no delay to unstake them<\/em>!<\/p>\n

\"giphy.gif\"<\/p>\n

For people who want to start small and build up their banking, CoinEx comes out the winner here:<\/p>\n

    \n
  • no KYC<\/li>\n
  • 5% interest<\/li>\n
  • instant subscription and redemption<\/li>\n
  • minimum 0.05 SOL (less than $5)<\/li>\n<\/ul>\n

    That means you can save your SOL, get daily interest and, when you want to add $1 of earnings (for example), you simply unsubscribe instantly and resubscribe with the new amount. For 1% less per year, that seems a decent trade-off… though putting your SOL in someone else’s wallet is, as always, a risk.<\/p>\n

    MEXC’s interest is better, but requires KYC. Same deal otherwise, with instant access and everything.<\/p>\n

    If you’re banking 40+ SOL and don’t mind KYC, MEXC does a 7-day fixed lock-up option that gives you 20% interest (per year, not per week).<\/p>\n

    Which is Best?<\/h2>\n

    As I always say, “best” is relative.<\/p>\n

    If you’re paranoid about rug-pulls, dodgy exchanges, privacy, and ownership, stake SOL yourself. It’s surprisingly easy.<\/p>\n

    If you trust exchanges, I’d go for the interest option. It generally pays more than staking and gives you instant access.<\/p>\n

    If you’re staking small amounts and building, CoinEx looks great for no KYC.<\/p>\n

    If you’re staking a lot of SOL, that 20% MEXC option is very tempting.<\/p>\n

    Do you bank SOL somewhere? Stake it? Have another strategy that’s better than these? I’d love your input!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    I was chatting with a p0x friend about SOL the other day, after it pumped over 10% in a week. I hold a lot of SOL as part of my…<\/p>\n","protected":false},"author":3,"featured_media":247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[13],"class_list":["post-246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-midweeks","tag-banking"],"_links":{"self":[{"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/posts\/246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246"}],"version-history":[{"count":1,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/posts\/246\/revisions"}],"predecessor-version":[{"id":248,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/posts\/246\/revisions\/248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=\/wp\/v2\/media\/247"}],"wp:attachment":[{"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bonjourgeorge.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}