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Author: Admin | 2025-04-28
In this quick guide, I'll introduce everything you need to know about Ledger staking.Staking, validating transactions on the blockchain, allows you to further participate in blockchain ecosystems and earn staking rewards and yield.Staking is not risk-free, as usually, you have a lockup period during which you can't sell your investment if markets are crashing, exchanges can get hacked, etc.There are some ways and steps you can take to lower the risk. You can move away from staking your digital assets on crypto exchanges, like Binance, Nexo, or Kraken, and use a hardware crypto wallet instead, known as cold staking. There are more and more (cold) hardware wallets on the market, so you have plenty of different options.Today we will look at how staking is done with Ledger Wallet.Image credit: ledger.comThe Ledger Hardware wallet is, besides Trezor, one of the most known players in the hardware wallet industry.You can read our detailed comparison between these two hardware wallets here: Trezor vs Ledger.They offer two models, Nano X and Nano S, and you can stake your cryptos using both. In addition, you can stake multiple currencies simultaneously, which enables you to earn rewards with various coins in one wallet.Ledger is a highly secured and trusted hardware wallet, and you can buy, swap and stake your assets in one place as they support third-party apps, which makes staking very convenient and easy.How to stake with Ledger Hardware wallet?You can stake your cryptocurrencies in two ways - with their Ledger Live app for managing your assets or a third-party wallet that offers support for Ledger's hardware devices.Hundreds of currencies currently operate on Proof of Stake (PoS). And while you can stake a limited number of them with Ledger live app, you can conveniently connect to a third-party app to expand your crypto staking possibilities.Let's check step-by-step how the staking process goes using both ways:Staking with Ledger Live:Install your Ledger Live to your computer and create the account,Select the app you want to install on your device for staking,Buy crypto through the app and transfer funds to your device,Click the Earn rewards button on the coin you want to stake.Select the amount you want to stake, and start staking and earning rewards.Stake with a third-party wallet:Here are some of the supported wallets: Electrum, MyCrypto, MyEtherWallet, XRP Toolkit, Electron Cash, Polkadot-JS, Binance, Fairy-wallet Galleon, Stellar Account Viewer, Stellarterm, Yoroi wallet, AdaLite, Tronscan, GUI Wallet, Neo Wallet,
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