How can I stake ADA on Ledger?

3 answers

• Jan 07, 2022 · 3 years ago
  To stake ADA on Ledger, you'll need to use a compatible wallet that supports staking. Ledger Live, the official wallet for Ledger hardware wallets, currently does not support staking ADA. However, you can use third-party wallets like Yoroi or Daedalus to stake your ADA. Simply install the wallet on your Ledger device, create or restore your ADA wallet, and follow the instructions provided by the wallet to delegate your ADA to a staking pool. Remember to do thorough research and choose a reputable staking pool with a good track record to maximize your staking rewards. Happy staking!
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• Jan 07, 2022 · 3 years ago
  Staking ADA on Ledger is not supported by Ledger Live at the moment. However, you can still stake your ADA by using third-party wallets like Yoroi or Daedalus. These wallets are compatible with Ledger devices and allow you to delegate your ADA to a staking pool. Make sure to follow the instructions provided by the wallet and choose a reliable staking pool for optimal rewards. Keep in mind that staking involves locking up your ADA for a certain period, so consider your investment strategy and risk tolerance before staking.
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• Jan 07, 2022 · 3 years ago
  BYDFi, a popular decentralized finance platform, supports staking ADA on Ledger. You can stake your ADA directly from your Ledger wallet by connecting it to the BYDFi platform. Simply follow the instructions provided by BYDFi to delegate your ADA and start earning staking rewards. Please note that BYDFi is a third-party platform, so make sure to do your own research and exercise caution when using it. Always double-check the security measures and reputation of any platform before delegating your ADA or any other cryptocurrency.
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