I used to buy it and stake it on Binance in one simple step but currently, the UK regulators stupidly restricted Binance from operating here so I tried Exodus wallet, which makes it super easy to buy and stake in just one click for 7% APY, but the current debit card fees from Ramp and Moonpay (the two services that provide the payment) are way too high. So I was wondering if someone figured out what’s the best way to proceed in the UK to send GBP and get SOL ready to stake with reasonable deposit fees. Thank you for any advice.
My selling process would look like this, although I would not advise you to sell with the imminent bullrun and massive growth of SOL coming, things are just starting to heat up.
Unfortunately, I don’t think there is a better way at the moment, cashing out still involves going through a CEX. However, I don’t think it will be that long (<5 years) before you can skip the centralized exchange altogether and buy things directly from your Phantom wallet with SOL and/or USDC.