Staking is an important part of the Cosmos ecosystem and involves holding and supporting the network by locking up your ATOM tokens with a validator. By doing so, you participate in the network consensus and can earn rewards for your participation.

Staking Cosmos (ATOM) is not only a great way to earn passive income, but it’s also an important aspect of the Cosmos network. By staking your ATOM tokens with a validator, you are actively participating in the network consensus and helping to secure the network.

Additionally, staking your ATOM on a hardware wallet like Ledger provides an added layer of security to your funds, ensuring that they are safe from potential hacks or cyber attacks.

So, whether you’re a long-term holder of ATOM or just getting started in the world of crypto, staking your ATOM tokens can provide you with a reliable and secure way to earn rewards while contributing to the growth and development of the Cosmos ecosystem.

Overview: 

Let’s dive deeper into the steps involved in staking your ATOM on Ledger.

Step 1: Set up your Ledger hardware wallet and install the Cosmos app.

Step 2: Send your ATOM to your Ledger wallet.

Step 3: Select a Validator.

Step 4: Stake your ATOM.

How To Stake Cosmos ATOM On Ledger

Key Assumptions: 

First, before we transfer Cosmos (ATOM) from Binance into our Ledger hardware wallet, I’m going to assume the following:

1. You already have a Ledger hardware wallet. If you don’t, click here to order directly from the manufacturer. 

• 🛍️Shop Ledger Wallet

2. You’ve set up your Ledger wallet. If you haven’t, checkout this step-by-step tutorial on how to set up your Ledger hardware wallet.

• 🛠 How To Set Up Ledger Wallet: Step-by-step tutorial

3. You’ve already transferred Cosmos (ATOM) to your Ledger wallet. If you haven’t, you can refer to the step-by-step tutorial below on how to transfer Cosmos ATOM to your Ledger wallet. 

• ➡️ How To Transfer Cosmos (ATOM) From Binance To Ledger

Now, let’s proceed with transferring Cosmos (ATOM) from Binance to your Ledger hardware wallet.

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Stake Cosmos (ATOM) On Ledger: Step-By-Step Tutorial

💻 On Desktop/Laptop

If you’ve successfully transferred Cosmos (ATOM) coins into your Ledger hardware wallet, you can now start staking your ATOM with a Ledger validator to earn rewards while keeping the network secure. Follow these step-by-step instructions:

1. Log into Ledger Live and click on the Cosmos app on the dashboard.
2. Click on the “Earn rewards” button on your Cosmos account page.
3. Click on “Continue to delegate your ATOM.”
   • An educational slide is displayed explaining that you earn rewards by delegating your ATOM coins to a validator, preferably a Ledger validator.
   • You keep ownership of the delegated assets, and
   • Assets will be available 21 days after undelegation.
   • Choose your delegation wisely because part of your delegated assets may be irrevocably lost if the validator does not behave appropriately.
4. Click “Continue,” and the Ledger validator is selected by default.
   • Choosing a Ledger Validator is recommended because
     • You get competitive rewards,
     • A trustworthy validator, and
     • You keep ownership of your coins.
     • You can earn rewards of up to 20% when choosing a Ledger validator, thanks to their low commission fees.
5. Enter the amount of ATOM to delegate. By delegating a higher amount, you can potentially earn more rewards.
   • You may choose up to five validators in a single delegation operation.
   • Only the validators who are in the top 125 can distribute rewards.
   • If a validator drops out of the top 125, they will no longer validate blocks, thus they no longer have rewards to distribute.
6. Click “Continue.”
7. Verify and confirm the delegation operation on your Ledger device by pressing the right button to review all operation details: resource, amount, validator information.
8. Press both buttons to accept and send the operation.
9. The delegation operation is then confirmed.
10. That’s it! You have successfully staked your ATOM with a Ledger validator and can now sit back and earn rewards for supporting the Cosmos network.

It’s important to note that when you delegate your ATOMs, they will remain locked. After ending a delegation, your ATOMs cannot be used for the 21 days that follow.

To learn more about how to claim your ATOM rewards and undelegate your ATOM coins, watch the step-by-step video tutorial or click on the link provided.

WATCH: How To Claim ATOM Rewards & Undelegate ATOM

✅  Did My Tutorial Help You? Drop a Comment Below!😊

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🛠️ Other Useful Tips & Tutorials

• 🔐 SHOP Ledger Wallet, click here.
• ⚙️ How To Set Up Your Ledger Wallet
• 📚 How To Stake Cardano On  LEDGER

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