From bank to Tramplin: a beginner's guide

Cat In Chief

• 2 min read
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From bank to Tramplin: a beginner's guide

If you've never bought crypto before, this guide is for you.

How to go from a bank account to earning potential on Solana with Tramplin, explained as simply as possible.

First, why bother at all?

Your savings account is probably paying you somewhere between 2–3% interest right now. Inflation is running higher than that, so your money is losing value if it sits idle.Staking is like putting your crypto into a savings account - you lock it up to help secure the network, and in return, you earn rewards. On Solana, this is built right into the blockchain.

Tramplin lets you stake SOL, @solana's native token and compete for reward pools on top of your regular staking yield.

Of course, you're in full control. You can unstake whenever you want.

Sounds interesting? Let's get started!

Step 1: Get a wallet

A Solana wallet is where your SOL lives. Think of it like a bank account, except only you have the access.You can download @phantom, @solflare, @Backpack, @jup_mobile and others, as they are the simplest Solana wallets and work as browser extensions or mobile apps.

When you set it up, you'll be given a seed phrase, a list of 12 words. Write it down on paper, and store it somewhere safe.

Note: Never share it with anyone, ever. This is the only thing that gives access to your wallet.

Step 2: Buy SOL

Now, you need SOL to stake. The easiest way to get it is through a centralized exchange, think of these like a crypto broker.Binance, Coinbase, ByBit, MEXC, Kraken are the most beginner-friendly options. Create an account, verify your identity, deposit from your bank, and buy SOL.

Once you have SOL on the exchange, withdraw it to your Solana wallet address.

Your wallet address is a long string of letters and numbers, you'll find it at the top of the app.

One thing to know: Solana transactions require a small amount of SOL to cover fees. Make sure you have at least 0.01 SOL more than you plan to stake to cover this. Example: If you want to stake 1 SOL, make sure your wallet balance is at least 1.01-1.02 SOL.

Step 3: Stake on Tramplin

Now the easiest part:

  1. Go to tramplin.io
  2. Click Connect Wallet
  3. Enter the amount of SOL you want to stake (minimum 1 SOL)
  4. Click Stake and confirm the transaction (follow the prompt)
  5. Done! You are in!
From this point, you're automatically entered into small draws that happen frequently throughout the day and become eligible for the monthly big draw after 30 consecutive days staked. No further steps needed.

What happens next?

Your SOL is now delegated to Tramplin's validator. It's still yours; it never left your wallet in any meaningful sense. You can unstake at any time. Though keep in mind that SOL's market value can fluctuate, and that's something no platform can control.

Note: When you do, there's a ~2 day cooldown (a Solana network rule, not Tramplin's), after which you claim it back directly in your wallet.Every epoch (~2 days), your multiplier grows. The longer you stay staked, the more weight you carry in the draw.

Don't forget to check your dashboard to see your effective stake, your multiplier, and the next draw countdown.That's the whole journey 🟣

- Tramplin team.