You can earn incentives for assisting in network security by staking your Cosmos (ATOM). You can quickly and securely assign the Cosmos you want to stake to a Ledger validator node using Ledger Live. You will receive fair incentives, a reliable validator, and you will retain control of your currencies. Then, how to stake ATOM?
You may freely exchange assets and data on a variety of independent and decentralized blockchains thanks to ATOM, which bills itself as the Internet of blockchains. When you stake with Ledger, as opposed to using crypto exchanges, you have complete control of your funds. Thus, you have complete control.
Choosing a Ledger validator can result in incentives of up to 20% because of our low commission costs. You may be confident that you are entrusting your money to a reliable validator because our technology is cutting edge.
By taking part in the Cosmos network, you can use Ledger to passively increase your assets. You can get paid for assisting in network security by giving your ATOM to a validator like Ledger. Taking into account the validators' fees, the maximum annual yield on ATOM is 20%. On your account in Ledger Live, you can claim your rewards whenever you choose. You must wait 21 days before receiving your assets back if you want to discontinue delegating or transfer to new validators.
How to stake ATOM in a Few Steps
Get a hardware wallet from Ledger
The best method for safely storing your funds is with Ledger hardware wallets.
Install Ledger Live
It is your entry point for safely and quickly purchasing, managing, staking, and expanding your assets. a single app.
Configure your device
Create a Cosmos account by following the setup instructions.
Use Ledger Live to purchase Cosmos from our partners directly, or use it to move your existing Cosmos holdings from an exchange to your hardware wallet.
Begin staking
On your Cosmos account, click the Earn rewards option, and then select Ledger validator from the list. Choose the quantity, then confirm.
This is how you stake your ATOM with ease. Hope this helps!
