#Ledger live stake update#
#Ledger live stake full#

As a result of locking up your coins, you get rewarded with new crypto’s(interest) and you also hope that your holdings have advanced in value during this locking period.Įarning crypto’s by just holding is a stable investment strategy, but can this be done without any risks? With anything in life, there are some risks involved when it comes to crypto staking.įor example, suppose the market suddenly drops 10 to 25% in value during your lock-up period then you aren’t able to sell until this period ends. In general, staking cryptocurrencies can be done by locking up your tokens in a wallet for a specific period of time. Popular coins(top 50 on Coinmarketcap) that can be staked on Ledgerįirst, let’s rewind a little here and explain what staking cryptocurrencies are all about. Algorand(ALGO can be staked at 5-6% APY).Cosmos(ATOM can be staked at 8-10% APY).Ethereum(ETH2 can be staked at 10% APY).Below is a list of the most popular crypto’s that can be staked with Ledger in just a few clicks. Ledger Nano is a famous hardware wallet and is offering staking solutions as well. Crypto Coins that can be Staked with Ledger

#Ledger live stake full#

What if you want to be in full control of your crypto’s / private keys? Is staking crypto’s from an offline wallet also possible? The answer is yes for sure, and this article will be explained 5 crypto coins that can be staked on Ledger without the need to go to an external platform first. For example, Binance, one of the biggest crypto trading platforms in the world, is offering options for customers to stake popular cryptocurrencies on their platform. Moreover, there is not just a single platform that you can use but there are numerous crypto services providers that are already ready to offer you some of the most advanced crypto staking solutions. You can stake different cryptocurrencies that would give you different yields and you would also have a passive income just by holding your favorite virtual currencies. Staking is one of the most innovative due to the large number of options available.

Additionally, the cryptocurrency market has enabled a wide range of financial solutions to users over the last few years. Then we were recommended to work with – a project like this is a JOINT effort, which started from the Ledger Developer Portal.7.7 What is the downside to staking crypto?Ĭryptocurrency staking is one of the main financial activities in the cryptocurrency market. We went through a proposal phase to present to the community why the integration was relevant. We went through a proposal phase to present to the community why the integration was relevant,” Dautriat said. At the moment, Ledger users can now add more than one Cardano account to their hardware wallet, and the service is available on smartphones and PCs. The announcement reiterates Ledger’s commitment to supporting the Cardano project.

#Ledger live stake update#

Ledger developers recently rolled out an update to the wallet that enables support for smart contract functionality. It is worth noting that Ledger has supported Cardano before its announcement. While Ledger is yet to fix a date for the full rollout of the initiative, the Cardano community is excited about the development because it would further bolster the widespread adoption of the cryptocurrency. We're looking at other features such as staking.' – Ledger June 14, 2022 We also want to support Cardano native tokens on the Nanos. 'So now you can send/receive ADA, and you can also buy ADA from the buy section from Ledger Live (coming very soon). We’re looking at other features such as staking,” Dautriat said. We also want to support Cardano native tokens on Nanos. “You can now send/receive ADA and you can also buy ADA from the buy section from Ledger Live (coming very soon). Ledger’s head of platform also noted that the popular cryptocurrency hardware wallet will also add support for digital currencies based on the Cardano blockchain. The team behind popular cryptocurrency hardware wallet Ledger has announced that it will be expanding Cardano’s support very soon.Īccording to a Twitter space held yesterday by the Ledger team, Fabrice Dautriat, the Head of Platform at Ledger disclosed that Cardano enthusiasts will soon be allowed to purchase ADA, the native crypto of Cardano, directly from the Ledger Live application.ĭautriat noted that the upcoming feature will be an expansion of the already existing offering of the Cardano project on Ledger, which also includes users’ ability to send and receive ADA.