Lédger® Live Staking: Guide to Earning Passive Income
Lédger® Live Staking: Guide to Earning Passive Income
Staking is one of the most accessible ways to earn passive income from your cryptocurrency holdings, and Lédger® Live (now rebranded as Ledger Wallet™) provides a secure, self-custodial platform to participate in this opportunity. By staking directly through your Ledger device, you can earn rewards while maintaining full control of your private keys . This guide explores everything you need to know about staking with Ledger Wallet.
Staking is a method of earning rewards using your crypto assets by participating in the validation process of Proof-of-Stake (PoS) blockchains . When you stake your tokens, you delegate them to network validators who help secure the blockchain. In return for locking up your assets and contributing to network security, you receive staking rewards.
Self-Custody: You retain complete control over your private keys and funds throughout the staking process
No Exchange Risk: Unlike staking on centralized exchanges, you are not exposed to platform insolvency risks
Secure Interface: All transactions are confirmed using your Ledger hardware device with Clear Signing, ensuring transaction details are human-readable and verifiable
Ledger Wallet supports a wide range of cryptocurrencies for staking. According to official Ledger documentation, the currently supported assets include :
Cardano (ADA)
Celo (CELO)
Cosmos (ATOM)
Ethereum (ETH) – multiple staking options available
Hedera (HBAR)
Injective (INJ)
MultiversX (EGLD)
NEAR Protocol (NEAR)
Onomy (NOM)
Osmosis (OSMO)
Persistence (XPRT)
Polkadot (DOT)
Polygon (POL)
Quicksilver (QCK)
Solana (SOL)
Tezos (XTZ)
Tron (TRX)
Ethereum offers the most diverse staking options within the Ledger ecosystem. Users can choose from the following approaches :
Staking Type
Provider
Minimum Requirement
Dedicated Staking
Figment
32 ETH
Dedicated Staking
Kiln
32 ETH
Liquid Staking
Lido
No minimum
Liquid Staking
Stader
No minimum
Pooled Staking
Kiln
0.05 ETH
Liquid staking is particularly attractive for those with smaller amounts. In this model, you receive Liquid Staking Tokens (LSTs) like stETH in return for your staked assets. These tokens can be used in DeFi applications while your underlying assets continue earning rewards .
The Earn section in Ledger Wallet is your dedicated hub for staking activities. It consists of two main tabs :
This tab allows you to track rewards on assets you are currently staking. You can monitor accumulated rewards, current deposits, and estimated yearly returns across all your positions .
This tab displays your eligible assets for staking along with estimated rewards. From here, you can purchase more assets, click Stake, and begin earning rewards .
The Earn section currently provides data for staking positions and validators for Solana (SOL), Tezos (XTZ), NEAR (NEAR), Cosmos (ATOM), Ethereum (ETH), and Lido Staked ETH (STETH) .
While the exact process may vary slightly depending on the asset, the general approach follows these steps :
Ensure you have the latest version of Ledger Wallet installed
Verify your Ledger device is running the most recent firmware
Have the specific blockchain app (e.g., Solana, Cosmos) installed on your Ledger device
Ensure you have sufficient balance of the asset you wish to stake, leaving some for transaction fees
Connect your Ledger device to your computer
Open the Ledger Wallet application
Navigate to "Accounts" and select your asset's account
Click "Stake" or "Earn" (button location varies by asset)
Enter the amount you want to stake (avoid clicking "Max" to reserve funds for fees)
Select a validator – you can choose the default option or search for another
Review transaction details on your computer screen
Confirm the transaction on your Ledger device by reviewing details and pressing both buttons
Wait for the transaction to be processed and your delegation to become active
Lock-up Periods: When you unstake, your funds may be locked for a period determined by the network. For example, Onomy (NOM) requires a 21-day lock period , while Solana's cooldown period is approximately 2-3 days (one epoch)
Rewards Depend on Network Performance: Staking rewards depend on various factors, including network performance and validator uptime
Rewards Are Not Guaranteed: Ledger does not provide financial advice or guarantee specific returns
Rewards Do Not Appear in Transaction History: They are automatically credited to your delegated balance
You can claim your staking rewards by navigating to the Stake page and clicking "Claim Rewards." You have two options :
Cash In: The reward amount is added to your available balance
Compound: The reward amount is redelegated to the same validator
To withdraw your staked assets :
Navigate to Accounts and select your asset
Go to the Delegations section
Click Manage → Undelegate
Enter the amount to undelegate
Wait for the network's lock period to complete
If you wish to change validators, you can redelegate without waiting for the lock period to end. Your pending rewards are automatically cashed in when you redelegate .
The Ledger Wallet 4.0 update introduced a Smart Portfolio Scan feature in the Earn tab. Instead of showing a generic list of staking options, it scans your actual holdings and surfaces opportunities relevant to your portfolio. If you hold assets eligible for staking that are currently idle, the tab shows you those assets specifically and what they could be earning .
Staking with Lédger® Live offers a secure, user-friendly way to generate passive income from your cryptocurrency holdings. With support for 15+ assets, multiple staking options for Ethereum, and the security of self-custody, Ledger Wallet provides a comprehensive staking solution for both beginners and experienced crypto users. By leveraging the Earn section's intuitive interface and the Smart Portfolio Scan feature, you can easily identify and manage staking opportunities—all while keeping your private keys safe and under your control .
This response is AI-generated, for reference only.