Earn rewards while securing blockchain networks with the safety of your Ledger hardware wallet
Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. By locking up your crypto assets, you help secure the network and, in return, earn staking rewards.
Unlike mining which requires expensive hardware, staking allows anyone with the native cryptocurrency to participate in network operations and earn passive income.
With Ledger Live, you can stake directly from the security of your hardware wallet, keeping your private keys safe while earning rewards.
Staking Active
Estimated APY: 5.2%
Why stake your crypto assets through Ledger Live?
Your private keys never leave your Ledger device. Even while staking, you maintain full control of your assets with hardware-grade security.
Put your idle crypto assets to work and earn regular staking rewards without active trading or complex setups.
By staking, you contribute to the security and decentralization of blockchain networks, making them more resilient.
Ledger Live provides an intuitive staking interface with clear information about rewards, validators, and unstaking periods.
Follow these simple steps to start earning staking rewards
Ensure your Ledger hardware wallet is set up with the latest firmware and you have installed the necessary apps for the cryptocurrency you want to stake.
Make sure you have your recovery phrase securely stored, as this is essential for recovering your assets if needed.
Download and install Ledger Live on your computer. Connect your Ledger device and ensure it's properly recognized by the application.
Add accounts for the cryptocurrencies you wish to stake. Make sure you have a sufficient balance to meet the minimum staking requirements.
In Ledger Live, go to the "Earn" or "Staking" section in the main menu. Here you'll see a list of supported assets available for staking.
Select the cryptocurrency you want to stake to view details about rewards, validators, and requirements.
For some cryptocurrencies, you'll need to choose a validator. Ledger Live often provides a curated list of reliable validators.
Consider factors like commission rates, uptime, and reputation when selecting a validator to delegate your stake.
Note: Some networks have an unbonding period during which your funds are locked and cannot be transferred after unstaking.
Enter the amount you wish to stake and review the transaction details. Confirm the staking transaction on your Ledger device by physically pressing the buttons.
Once confirmed, your assets will be staked and you'll start earning rewards. You can monitor your staking balance and rewards directly in Ledger Live.
Ledger Live supports staking for various cryptocurrencies
Stake ETH to help secure the Ethereum network and earn rewards.
Participate in Polkadot's nominated proof-of-stake system.
Delegate ATOM to validators and earn staking rewards.
Stake LINK to support the Chainlink network.
Bake XTZ to participate in Tezos consensus.
Participate in Algorand's pure proof-of-stake protocol.
Common questions about staking with Ledger Live
Yes, staking with Ledger Live is extremely safe. Your private keys never leave your hardware wallet, and all transactions require physical confirmation on your device. This ensures that even if your computer is compromised, your assets remain secure.
While you can initiate unstaking at any time, most proof-of-stake networks have an "unbonding period" during which your assets remain locked and cannot be transferred. This period varies by cryptocurrency (e.g., 7-28 days) and is designed to maintain network security.
In most jurisdictions, staking rewards are considered taxable income. The tax treatment varies by country, so it's important to consult with a tax professional regarding your specific situation. Ledger Live provides transaction history that can help with tax reporting.
If a validator you've delegated to gets "slashed" (penalized for malicious behavior or downtime), you could lose a portion of your staked assets. Ledger Live carefully selects validators with good track records to minimize this risk, but it's important to understand that staking always carries some level of risk.
The minimum staking amount varies by cryptocurrency. For example, Ethereum requires 32 ETH to run a validator node, but through Ledger Live you can stake any amount by pooling with other users. Other cryptocurrencies may have different minimums, which are clearly displayed in the Ledger Live app.
Secure your crypto assets while earning passive income with Ledger Live staking