Cryptocurrency Q&A
How to stake sui on Ledger?
How to stake sui on Ledger?
EchoWhisper
Wed Aug 21 2024
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6 answers
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Hello there, I'm curious about staking SUI on a Ledger device. Could you please elaborate on the process? What are the steps I need to follow to successfully stake Sui using my Ledger hardware wallet? I'm interested in understanding the security measures involved and any potential risks I should be aware of. Additionally, could you provide some insights into the benefits of staking Sui on a Ledger compared to other staking options? Thank you in advance for your detailed response.
6 answers
Margherita
Thu Aug 22 2024
Select the amount of SUI you wish to stake. Consider your risk tolerance and long-term goals when determining the optimal stake amount.
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Carolina
Thu Aug 22 2024
To activate "Blind Signing" within the SUI app on your Ledger, navigate to the settings section of the application. This feature ensures secure and private transactions.
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HallyuHeroLegendaryStarShine
Thu Aug 22 2024
After selecting the desired stake amount, click on "Stake Now" to initiate the staking process. This action commits your SUI tokens to the selected validator or staking pool.
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Sara
Thu Aug 22 2024
To finalize the transaction, confirm it from your Ledger device. This step adds an extra layer of security by requiring physical interaction with your hardware wallet.
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GangnamGlitzGlamourGloryDays
Thu Aug 22 2024
Once "Blind Signing" is enabled, proceed to your SUI wallet and locate the "Stake & Earn SUI" option. This feature allows you to earn rewards by staking your SUI tokens.
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