Reclaiming SOL From Rent
Last updated
Last updated
Every time you receive a Memecoin, Token, or NFT in your wallet, a specific SPL token account is automatically created to store that asset.
When you sell or send the asset, the token account becomes empty but remains in your wallet without any utility.
Each of these token accounts costs ~0.002 SOL in rent, which is withheld by the Solana Network for storage and maintenance.
These residual accounts take up space and represent lost funds, but they can be closed to reclaim the SOL used to create them.
To reclaim the SOL for your OdinBot wallet, first you would need to export Odin's private key into a Solana wallet.
How can I export my Private Key?We have partnered with Santos Labs to provide our users with seamless access to their platform.
Head over to the claimyoursol platform by following this link (https://claimyoursol.com/odinbot)
Hit the Select Wallet button and connect your wallet.
After you have successfully connected your wallet, you will be able to see how many accounts will be closed and how many SOL will be reclaimed.
To proceed, press the CLAIM ALL button.
Approve the transactions in the wallet:
Note: Be careful when closing the accounts. Always confirm if those are the Tokens that you want the accounts to be closed for so you don't end up closing an account you didn't want to close.
That's it! After approving the transaction the SOL has been recovered to your wallet!
OdinBot is not responsible for the Tokens and NFTs you close the accounts for. Always be careful when using tools like these.
The Solana Network charges a 2-year rent fee for every account created. This fee is used to:
Store account data.
Maintain the account.
Process transactions related to the account.
You can find more information in the official Solana Documentation here:
