Did you know you can recover $SOL from token accounts you’re no longer using? Here’s how it works: whenever you buy a token or NFT on Solana, the system spins up a token account in your wallet to hold it. Each of those accounts locks up about 0.00163 SOL as “rent” so it can stay active. If you close the account, that SOL comes back to you. Now, you might wonder, what happens to the tokens in that account if you close it? The answer is simple: you can’t. A token account must be empty before it can be closed. That means you’d need to transfer or sell whatever is inside first. For example: Let’s say you picked up 50 $FARTCOIN. That purchase created a token account in your wallet specifically for those tokens. If you decide to close that account, you’ll first need to send all 50 $FARTCOIN somewhere else (either to another wallet you own or by selling them). Only once it’s empty can you shut down the account and reclaim the 0.00163 Solana. As for actually closing the accounts, there...

26.36K
9
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.