AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Solana ledger live8/2/2023 ![]() ![]() Note that each stake account can only be used to delegate to one validator at a time. Step 4: Click ‘STAKE’ and ‘CONFIRM’ to finalize the transaction. Check our FAQ on how to choose a validator if you are unsure who to delegate to. Step 3: Input the amount of SOL tokens you would like to stake and choose a validator from the drop-down menu to delegate to. Step 2: After you enter your wallet interface, click on ‘START STAKING’, choose “Native SOL Staking” and click on ‘START STAKING’ again. Open the wallet and click on ‘ACCESS WALLET’ at the top right corner. Step 1: Make sure you already have SOL tokens in a supported wallet, such as Solfare Wallet. To delegate your tokens, you should ensure they are stored on your Ledger or another compatible wallet such as Solfare Wallet, and then follow these steps: What’s more, with hardware wallet, you don’t need to rely on third party custodians.There are several ways to earn a return on your SOL, including lending them out to custodial providers or through decentralized lending protocols, running your own validator, or delegating your tokens to validators of your choosing.įor the best security and control over your funds, we recommend using a Ledger Hardware Wallet. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. The safer choice are specialized hardware wallets that store private keys offline. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. To safeguard and keep track of your keys, you can use online or offline wallets. If it gets compromised or lost, you won’t be able to access your cold wallet to spend, withdraw, or transfer your tokens.
0 Comments
Read More
Leave a Reply. |