Staking via hardware crypto wallet: Ledger exec explains how it works

Did you know you could stake crypto on a hardware wallet? A Ledger exec breaks it down right here:

Staking coins through a hardware wallet has a number of peculiarities compared to staking via software wallets or crypto exchanges, Alex Zinder, head of Ledger Enterprise, told Cointelegraph.

“When staking with a software wallet, you own your coins, as you own your private keys, but the security of your coins is dependent on an external source of security,” Zinder stated. The security of coins staked on software wallets depends on the security of the user’s computer or smartphone, the exec added.

At the same time, storing crypto on a hardware wallet doesn’t mean that crypto itself is offline, Zinder pointed out, stating:

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