Can Ledger Nano X be used for staking Cardano?
anonymous hackerDec 24, 2021 · 3 years ago3 answers
Is it possible to use the Ledger Nano X hardware wallet for staking Cardano? I'm interested in staking my ADA coins and want to know if the Ledger Nano X supports this feature. Can I delegate my ADA to a stake pool using the Ledger Nano X?
3 answers
- Dec 24, 2021 · 3 years agoYes, you can use the Ledger Nano X for staking Cardano. The Ledger Nano X is compatible with the Cardano blockchain and allows you to securely store your ADA coins. With the Ledger Live app, you can easily delegate your ADA to a stake pool and start earning rewards. Staking your ADA on the Ledger Nano X provides an extra layer of security as your private keys never leave the device.
- Dec 24, 2021 · 3 years agoDefinitely! The Ledger Nano X is a great choice for staking Cardano. By using the Ledger Live app, you can delegate your ADA to a stake pool and earn passive income. Staking your ADA on the Ledger Nano X ensures that your funds are protected by the device's secure element and you have full control over your private keys.
- Dec 24, 2021 · 3 years agoAbsolutely! The Ledger Nano X is fully compatible with Cardano's staking mechanism. You can securely store your ADA on the Ledger Nano X and delegate your coins to a stake pool of your choice. By staking your ADA, you contribute to the security and decentralization of the Cardano network while earning rewards. Remember to keep your Ledger Nano X firmware up to date for the best staking experience.
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