Earn Rewards
To earn through Binance's SOL staking program, stake your SOL to receive BNSOL (a tokenized representation of your staked SOL) and earn SOL staking rewards by holding BNSOL, which can be redeemed back for SOL.
Here's a more detailed breakdown:
1. Get Started:
Buy SOL: You can purchase SOL on Binance's spot market or through the "Buy Crypto" page using various payment methods like credit/debit cards, Apple Pay, Google Pay, or bank transfers.
Deposit SOL: Alternatively, you can deposit SOL into your Binance account.
2. Stake SOL:
Navigate to Earn: Go to the "Earn" section on Binance and search for "SOL Staking".
Subscribe: Click on "[Subscribe]" next to "[SOL Staking]".
Stake SOL: Click "[Stake SOL]" and enter the amount you want to stake.
Confirm: Read and agree to the terms, then click "[Confirm]" to receive BNSOL in your Spot Wallet.
3. Earn Rewards:
BNSOL Representation: BNSOL represents your staked SOL and the accumulated SOL staking rewards.
Accumulating Rewards: BNSOL's value increases relative to SOL as staking rewards accumulate.
Redeem for SOL: You can redeem BNSOL back for SOL at any time.
Flexibility: BNSOL allows you to keep your funds liquid while earning staking rewards. $SOL
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