Similarly, if you own some TRX, you can stake them to help secure the Tron blockchain. If you own some XTZ tokens, you can stake them through the Ledger Live app to help secure the Tezos blockchain. The first two cryptocurrencies that you can stake from your Ledger Live are Tezos (XTZ) and Tron (TRX). With staking, you earn rewards in return for locking up-or staking-your cryptocurrency in special contracts that help secure the blockchain network to which that cryptocurrency is native. For letting the bank hold your money, they pay you some interest on a regular basis. Staking cryptocurrency is similar to-but not exactly the same as-earning interest from your bank on your savings account. You can also stake certain cryptocurrencies through the Ledger Live app. What’s more, Ledger Live has a number of handy features that make it easy to view your cryptocurrency balances and transfer cryptocurrencies. The app’s user interface is very beginner-friendly. The Ledger Live app is designed to be as user-friendly as possible-something that crypto hardware wallets typically lack. The main purpose of the Ledger Live app is that it lets you securely access your cryptocurrency in a way that’s a lot more convenient compared to if you use the Ledger hardware wallets themselves. This is particularly useful for travellers. By using Ledger Live, you can send cryptocurrencies such as bitcoin to and from your Ledger hardware wallet.įor those who own a Bluetooth-enabled Ledger Nano X, you can pair it with the Ledger Live mobile app to securely manage your cryptocurrency when you’re on the go. The Ledger Live app is made by the same company that makes the Ledger crypto hardware wallet. Read: What Is A Cryptocurrency Wallet? What Is Ledger Live?Īs mentioned above, Ledger Live is a desktop and mobile app. After reading this, you’ll appreciate just how much easier it is to manage your Ledger Nano S or Ledger Nano X by using the Ledger Live app. In this resource, you’ll get an understanding of the Ledger Live software app. Think of Ledger Live as a bridge that connects you and your Ledger Nano S or Ledger Nano X crypto wallet. The Ledger Live software lets you safely interface with your Ledger hardware wallet device. We wish you profitable staking! Subscribe to Everstake on social media to receive up-to-date information on staking and updates on projects from the blockchain industry.Ledger Live is an application that you can download on your desktop or mobile phone. Therefore, Everstake produces numerous educational articles and guides that can be useful for any skill-level crypto enthusiasts. Moreover, one of our main goals is to educate and promote the growth of a unified and intelligent crypto community. With more than 330,000 unique users, the total value of various digital assets staked with Everstake is ~ $ 3,102,034,351 (according to Staking Rewards as of ). Founded by a team of experienced developers, financial experts, and blockchain enthusiasts, Everstake shows excellent performance with sustainable uptime of about 100% on leading PoS platforms. Why delegate MATIC with Everstake?Įverstake is a reliable staking provider and one of the top validators in the world. Your delegation will reflect in your wallet, and you’ll start earning rewards whenever a checkpoint is submitted. The MATIC tokens have been delegated, and you have completed the staking process. To install the Ledger-Live App go to the official Ledger website, click the Download the app button as it is shown on the screenshot, and choose the version you need. How to Install the Ledger Live App and Connect it to the Ledger Device Staking MATIC with a Ledger wallet is quite easy and intuitive. Let’s get started! How to Stake MATIC with a Ledger Wallet To know more about crypto security and how to protect your wallet and avoid becoming a victim of crypto scammers, read our article:Ĭrypto Security Guide: How Not To Lose Your Funds When Using Cryptocurrency The Ledger Nano S and Nano X devices support not only cold storage of cryptocurrencies but also staking directly in the Ledger Live app. Ledger is a wallet that offers cold offline storage. In this guide, we will show you how to stake MATIC tokens in the Polygon wallet via Metamask and Ledger.Ī hardware wallet has major advantages over hot wallets: it stores your private keys on the device, making it difficult for online hackers to access your accounts. Polygon Network Overview: Scaling the Ethereum Blockchain To learn more about how Polygon Network builds and connects Ethereum compatible blockchain networks, read our overview article:
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