I’m researching hardware wallets that enable staking for various cryptocurrencies. My goal is to generate passive income through staking while ensuring my coins are safely stored in a hardware device instead of on exchange platforms.
I’ve come across some hardware wallets that purportedly allow staking for coins like Ethereum, Cardano, and Solana directly from the device. However, I’m uncertain which brands or models effectively support this functionality.
Has anyone had good experiences with hardware wallets that provide solid staking options? I’m especially interested in user-friendliness and the types of coins available for staking. Additionally, I’m curious about the staking rewards—are they comparable to those offered by other staking platforms?
I would appreciate any suggestions that help me find a good balance between security and earning staking rewards without needing to rely on multiple platforms.
i’ve been using a ledger nano s plus for ada staking for months - works great. rewards are the same as other methods and you dont need to keep it connected after initial setup. trezor model t is solid too, though the interface feels a bit outdated.
I’ve been using the Trezor Model T for a year now and can confirm it handles ETH and ADA staking without issues. Setup through Trezor Suite is pretty straightforward, and you’re right about the rewards - I’m getting around 4-5% APY on ADA delegation, same as anywhere else. The big win is your private keys never leave the device, even when staking. You sign everything on the hardware wallet, but the coins stay under your control. That’s huge compared to exchange staking where you’re trusting someone else with your crypto. Fair warning though - hardware wallet staking takes more steps than software wallets. Every action needs physical confirmation on the device, which can feel tedious. But honestly, given how much money we’re talking about with staking, I think the security trade-off is worth the extra hassle.
Oh I’ve been wondering about this too! Been hearing mixed things about hardware wallet staking. Have you checked if the rewards are actually worth the limitations?
Security’s obviously the main benefit, but what about trade-offs? Like flexibility or reward rates compared to native staking wallets? Can you easily switch validators or unstake quickly?
I’m curious about the user experience too - does staking feel intuitive through the hardware wallet, or does it get clunky confirming everything on the device? Seems like it’d slow things down vs software wallets.
One thing bugging me - do you need to keep the hardware wallet connected all the time for staking to work, or can you set it up and disconnect? That’d be huge for convenience.
Also wondering about firmware updates - do they mess with your staking positions? Anyone dealt with that before?