After many years wondering if a hardware wallet would be useful, I've recently decided to give it a go.
I had looked about those devices for a really long time, but I wasn't really convinced until recently, as I'm not really a HODLer :)
First, there was no easy way with a hardware wallet to trade one token over another.
Next, blockchain fees are quite high when making small transactions.
If you compare this with the confort of a Centralized Exchange (CEX for short), like Binance, those fees and the lack of ease for swapping made things not worth it.
Back then, no Decentralized Exchanges (DEX for short) were available.
Although I'm still using trading bots (see my other blog for content about trading bots), running on CEX -- mostly Binance, I wanted to start using DEX and basically own my crypto (remember: if you don't own your keys, you don't own your crypto).
Finally, Binance killed Flexible Staking a few days ago and I wasn't really happy about it!
So instead of HODLing on a Binance account, I wondered if I should either lend this crypto or stake it. I decided to take the staking path and wondered if/how such staking could be done with a hardware wallet.
Okay, I lied a bit, I am partially a HODLer :)
So I bought a Ledger Backup Pack (made of a Nano X and and Nano S for backup).
If you want a coupon for a 20% rebate, send me a message :)
Through this blog I will explain what can be done either with DEX or for staking in a decentralized manner and how to put to good use your hardware wallet.
The first articles will be detailed tutorials about staking various crypto, as this can be quite complicated depending on the crypto.
I staked a few hours ago some XTZ (Tezos).
Ledger Live being rather easy to use and Leger having documented this process pretty well, I won't cover Tezos Staking :)
You can find Ledger's tutorial on how to do Tezos staking with your device.
I'll post soon the first tutorial for staking some other crypto.
