Which cryptocurrencies can be staked with Ledger and what are the rewards?
Edwards MacMillanDec 26, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that can be staked with Ledger and also explain the rewards associated with staking?
3 answers
- Dec 26, 2021 · 3 years agoSure! Ledger supports staking for several cryptocurrencies including Ethereum (ETH), Tezos (XTZ), Cosmos (ATOM), and Algorand (ALGO). When you stake these cryptocurrencies with Ledger, you can earn rewards in the form of additional tokens. The specific rewards vary depending on the cryptocurrency and the staking protocol used. It's important to note that staking involves locking up your tokens for a certain period of time, so make sure to do your research and understand the risks and rewards before staking.
- Dec 26, 2021 · 3 years agoAbsolutely! Ledger allows you to stake popular cryptocurrencies like Ethereum (ETH), Tezos (XTZ), Cosmos (ATOM), and Algorand (ALGO). By staking these cryptocurrencies, you can earn passive income in the form of additional tokens. The rewards you receive for staking vary depending on the specific cryptocurrency and the staking protocol. It's a great way to put your idle tokens to work and potentially increase your holdings over time.
- Dec 26, 2021 · 3 years agoBYDFi is a leading digital asset exchange that offers staking services for a wide range of cryptocurrencies. With Ledger, you can stake popular cryptocurrencies like Ethereum (ETH), Tezos (XTZ), Cosmos (ATOM), and Algorand (ALGO) and earn rewards in the form of additional tokens. The rewards you receive for staking depend on the specific cryptocurrency and the staking protocol used. Staking is a great way to participate in the network and earn passive income while holding your cryptocurrencies securely in your Ledger wallet.
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