How to buy Marinade staked SOL (MSOL) in Australia

Learn how to buy Marinade staked SOL (MSOL) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Marinade staked SOL

1. Compare crypto exchanges

The easiest way to buy Marinade staked SOL is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – credit card, wire transfer, silvergate exchange network (sen) and signature signet payments are widely accepted.

4. Buy Marinade staked SOL

You can now exchange your funds for Marinade staked SOL. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Marinade staked SOL to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Marinade staked SOL in Australia

Find an exchange to buy, sell and trade MSOL by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET


Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers. Cryptocurrency Exchange


Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.

Compare up to 4 providers

Steps on how to buy Marinade staked SOL

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Marinade staked SOL.

  1. Compare cryptocurrency exchanges that support MSOL.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Marinade staked SOL.
  4. Buy Marinade staked SOL.
    Complete your Marinade staked SOL purchase and then find the best wallet to store MSOL.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Marinade staked SOL

mSOL is a cryptocurrency native to the Marinade Finance ecosystem and, much like the rest of the market, is subject to a high degree of volatility. Here are a few key aspects to consider before investing in mSOL:

  • Unique incentive-driven design: mSOL is designed to function as a "frictionless token". After the expiry of each epoch, its value is recalculated and recalibrated depending on the conditions surrounding the market. The total staking rewards that an investor can accrue via their staked SOL is calculated using the following formula: mSOL value = total_staked / tokens_minted.
  • Security oriented:Since its market debut, the Marinade protocol has been audited by several blockchain security firms. While the project’s source code is not yet fully open source, its roadmap clearly states that, in the near future, the project’s entire codebase will be made available for public utilisation.
  • Amplifying liquidity: In addition to receiving SOL staking rewards, mSOL can be used for a wide array of features within the Marinade ecosystem, including borrowing/lending, liquidity provision, single-asset staking and DEX trading.
  • Solid dev foundation:mSOL operates within the Solana ecosystem, a decentralised blockchain that has been built to enable a high degree of scalability. According to Solana’s website, it is able to facilitate more than 1,000 transactions per second while offering extremely low gas fees. If the Solana ecosystem continues to grow, the demand for mSOL and the Marinade protocol may grow with it.

How to sell Marinade staked SOL

You can cash out your MSOL with the same exchange you bought it through:

  1. Sign in to the exchange you have MSOL on.
    If you store your Marinade staked SOL in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of MSOL you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Marinade staked SOL.

Disclaimer: Cryptocurrencies, including Marinade staked SOL, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MSOL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Marinade staked SOL or any other cryptocurrency discussed.

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