Understanding Solana Rent

Solana uses a concept called rent to manage account storage on the blockchain. Every account on Solana must maintain a minimum balance to remain active and store data. If an account’s balance falls below this threshold, it may be purged from the network.

The current rent-exempt minimum is approximately 0.00089 SOL (around $0.15-0.20 USD depending on SOL price). This means any Solana wallet must hold at least this amount to remain active on the network.

Fund Your Wallet Before Withdrawing

If you’re withdrawing to a new or empty Solana wallet, you must first fund it with enough SOL to cover the rent-exempt minimum. Without this initial funding, your withdrawal may fail.

How to fund a new wallet:

1. Purchase SOL from an exchange (Coinbase, Binance, Kraken, etc.)
2. Send at least 0.001 SOL to your new wallet address
3. Wait for the transaction to confirm
4. Your wallet is now ready to receive Bitping payouts

If your wallet has never held SOL before, it doesn’t exist on the Solana blockchain yet. The first transaction to your wallet creates it and requires the rent deposit.

Minimum Withdrawal Recommendations

Solana has very low transaction fees compared to other blockchains, but there are still costs involved. Each transaction costs approximately 0.000005 SOL (around $0.001 USD).

However, we recommend against withdrawing amounts less than $0.05 USD in SOL for the following reasons:

• Transaction fees, while small, eat into tiny withdrawals
• Network congestion can occasionally increase fees
• Very small amounts may not clear the rent-exempt threshold if sent to a new wallet

Our recommendation: Wait until you have at least $0.10 - $0.25 USD worth of SOL before requesting a withdrawal. This ensures your withdrawal is cost-effective and successful.

Estimating Transaction Fees

Solana transaction fees are predictable and typically very low:

Fee Type	Approximate Cost
Base transaction fee	0.000005 SOL (~$0.001)
Priority fee (optional)	0.00001 - 0.0001 SOL
Account creation (new wallet)	0.00089 SOL (~$0.15)

You can check current Solana network fees and status at Solana Beach or Solscan.

Common Payout Issues

“Insufficient funds” error

• Your Bitping balance may be too low after accounting for transaction fees
• Wait until you’ve accumulated more earnings before withdrawing

Transaction pending for a long time

• Solana network may be congested
• Transactions typically confirm within seconds, but can take minutes during high traffic
• Check transaction status on Solscan using your wallet address

Withdrawal succeeded but wallet shows 0 balance

• If this is a new wallet, ensure you funded it first
• The rent-exempt minimum may have been deducted from your balance
• Verify the transaction on Solscan

Need More Help?

If you’re still experiencing issues with Solana payouts, please contact our support team at [email protected] with:

• Your Bitping account email
• Your Solana wallet address
• The transaction ID (if available)
• A description of the issue