You can also backup in case of an unexpected temporary outage of Ledger Live. E.g., Komodo currency can be managed in Ledger Live, but for claiming rewards, you'd need to use a third-party wallet. If you are interested in any of the coins not listed above, you can review the available staking options and wallet compatibility here.īy connecting your Ledger with the supported third-party wallet, you can also get extra features not yet supported with Ledger Live. Staking your cryptocurrencies can bring you an annual return between 5% to 14%.īesides the listed above, you can stake many more using third-wallets that you can connect to your Ledger device. Take the iconic Ledger Nano S, then make it DeFi and NFT-friendly. With Ledger Live, you can currently stake 11 cryptocurrencies: MATIC, SOL, ALGO, EGLD, ATOM, CRO, TRX, ADA, XTZ, DOT, and ETH. Ledger Nano S Plus Matte Black Secure your assets and explore Web3 with the new Ledger Nano S Plus. Which cryptocurrencies can be staked with Ledger? That's it you are ready to start earning by receiving staking rewards. Add funds to your device and start staking.Choose the third-party wallet you wish to stake. Here are some of the supported wallets: Electrum, M圜rypto, MyEtherWallet, XRP Toolkit, Electron Cash, Polkadot-JS, Binance, Fairy-wallet Galleon, Stellar Account Viewer, Stellarterm, Yoroi wallet, AdaLite, Tronscan, GUI Wallet, Neo Wallet, chain desktop wallet, Nem Wallet, Firefly, Lunie, Cosmostation, NNS dapp, Glif wallet, OWallet, Elrond Wallet, MyAlgoWallet, VeChain Sync, MyHbarWallet, etc. Bitcoin is a cryptocurrency that operates on its own blockchain and is considered a coin because. Coins are primarily utilized as a means of payment, exchange, or as a store of value within a specific network. Select the amount you want to stake, and start staking and earning rewards. Coin is a digital asset that operates independently on its own blockchain and does not rely on the blockchain of other cryptocurrencies.Click the Earn rewards button on the coin you want to stake.Buy crypto through the app and transfer funds to your device,.Select the app you want to install on your device for staking,.Install your Ledger Live to your computer and create the account,.Let's check step-by-step how the staking process goes using both ways: Staking with Ledger Live: 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. Hundreds of currencies currently operate on Proof of Stake (PoS). 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. How to stake with Ledger Hardware 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. In addition, you can stake multiple currencies simultaneously, which enables you to earn rewards with various coins in one wallet. They offer two models, Nano X and Nano S, and you can stake your cryptos using both. You can read our detailed comparison between these two hardware wallets here: Trezor vs Ledger. The Ledger Hardware wallet is, besides Trezor, one of the most known players in the hardware wallet industry.
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