1/3/2024 0 Comments Ledger live stakeThe only difference will be in this case that you will need to confirm the transaction on your Ledger. Detailed instructions on unstaking are available in our dedicated guide. The unstaking process is quite similar to the delegation with minor differences. Check our article on how to track SOL staking rewards. Sometimes, wallets might not display stake account details clearly, and SOL holders may suffer from misleading information regarding their funds (like total balance, total received staking rewards, etc.), thus using Solana explorers helps to re-check the credibility of the information and make sure that the rewards have been paid out to you. You can track the epoch progress in the SolanaBeach explorer. Please note that your stake is now activating, and you will start earning staking rewards in the next epoch. Wait until the transaction has been validated by the Solana network. Follow all steps one by one (pressing the right key on your Ledger) and click Approve to finalize the transaction.Ħ. Make sure that your Ledger is unlocked and the Solana app is opened. Note: before staking, make sure to keep at least 0.05 SOL in your wallet to pay for transactions! If you stake the maximum possible sum, you won’t be able to unstake SOL coins further on.Ĥ. The commission may vary from 0 to 100%, depending on a validator. You will see how many coins are staked with the validator already, as well as the validator’s fee. We are staking with the Everstake validator in this guide since it’s a major validator with low fees ensuring nearly 100% uptime, but you can choose another one from the list. Choose a validator or start typing its name for a quick search. Once you have coins available in your wallet, click on the Solana asset in your wallet and then the Start earning SOL button. If you don’t see the coins in your Phantom app, wait a bit, then close and re-open the extension. Use this address to send SOL coins to your Ledger account.Īs soon as the network validates the transaction, the tokens will appear on the balance of your crypto wallet. You can also copy the wallet address in the app header.ģ. Transfer yourself funds from FTX or click on Solana to generate a QR code and share it with the sender. Click the Deposit button to transfer SOL to your wallet.Ģ. Note: if your account is not displayed in the list of addresses, feel free to go back one step and try another derivation path. Congratulations! Your Ledger SOL account is now connected to Phantom. Choose a derivation path (44'/501'/0' by default) and one of your Solana accounts available in the drop-down menu. Select the device and confirm the connection.ĥ. Launch the Phantom extension, go to the main menu (the “burger” icon in the top left corner), and select Add/Connect Wallet.ģ. Connect your Ledger device and open the Solana (SOL) app on your device.Ģ. Once done, launch the Phantom extension in your browser.ġ. Note: Phantom wallet recovery phrase does not relate to your Ledger recovery phrase and doesn’t replace it.Ĥ. While creating an account, make sure to save your 12-word Phantom recovery phrase in a secure place. We have described all steps in great detail in this Guide. Open your browser and install the Phantom extension. use Chrome or Brave browsers (Phantom on Firefox doesn't support Ledger).ġ.you might need to close Ledger Live if it conflicts with the Phantom extension.make sure you run the latest version of the Solana app on your Ledger device. In the Ledger Live Manager/App catalog, find Solana in the list of apps and install it. Plug the Ledger device into your computer, and confirm the connection. In case you need to update the app, download the latest version from the official website and re-install it again. Make sure to update your Ledger Live app to the latest version (check if you’ve got a warning highlighted in orange). Launch the Ledger Live app and open the Manager tab located on the left-hand side panel of the app. Visit Ledger’s official website to download the app. Hackers will not be able to steal coins without access to your hardware wallet. Use Ledger devices to access your wallet to prevent theft of funds and make staking safe. Web wallets can be vulnerable to online attacks like phishing or data interception. If you are using LedgerLive already, simply proceed to the staking section of this guide. We will cover all steps from setting up the Ledger Live app and creating an account to actual staking. Let’s learn how to set up and use the Phantom browser extension to work with Ledger Solana (SOL) account.
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