How to buy and stake Solana through Phantom Wallet - Easy Step by Step Guide
This video will show you how to buy Solana through Coinbase Pro, set up a new Phantom wallet, transfer your Solana to your Phantom Wallet and then stake your Solana through independent validators such as Laine and Cogent with zero risk.
Intro: 0:00
What is Solana?: 1:05
Why stake Solana?: 1:42
What are the risks of staking Solana?: 3:18
How are you paid?: 4:44
Buying Solana through Coinbase Pro: 5:05
Setting up a Phantom wallet: 7:43
Transferring Solana from Coinbase Pro to Phantom Wallet: 10:17
Deciding on a Solana staking validator: 13:48
Staking through Laine validator: 16:18
Staking through Cogent validator: 18:12
Unstaking: 19:07
Bloopers: 20:31
Staking Solano can achieve yields of approximately 6 to 7+ percent a year paid out in the form of Solana coins.
Staking helps validate and secure the Solana network for the future and tstaking is a great way to accumulate more Solana cryptocurrency.
Links used in this tutorial:
Coinbase Pro: https://pro.coinbase.com/
Coinbase: https://www.coinbase.com/join/samuel_nyc
Cogent Crypto: https://cogentcrypto.io
Laine: https://laine.co.za/solana
Phantom Wallet: https://phantom.app/
Stakewiz: https://stakewiz.com/
Stakeview: https://stakeview.app/
Solana Foundation: https://solana.com/
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Disclaimer: ** This video is for information purposes only. This information has been prepared without taking your objectives, financial situation, or needs into account and is not financial advice. You should consider its appropriateness for your circumstances. All investing carries risks. The opinions expressed are based on my own personal experiences. When you invest money, your capital is at risk. Please don't invest more than you can afford to lose. **
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