Staking crypto is a passive way to earn coin rewards, in addition to having the right to validate transactions. You can stake your coins/tokens through staking platforms and cryptocurrency exchanges. However, if you choose to store your crypto funds in cold storage, not all hardware crypto wallets support cryptocurrency staking.
This article will list down the hardware cryptocurrency wallets that support crypto staking for earning rewards.
Which Hardware Wallets Support Crypto Staking?
These are the three (3) hardware wallets that support crypto staking.
|S/no||Hardware Wallet||Staking Support|
|1||Ledger Nano X||Support over 30+ coins/tokens. |
E.g. Ethereum (ETH), Tron (TRX), Cronos (CRO) & Algorand (ALGO)
|2||Ellipal Titan||Cardano (ADA), Polkadot (DOT), Tezos (XTZ), Cosmos (ATOM) and Kusama (KSM)|
|3||KeepKey||FOX and Ethereum (ETH)|
Designed as the premium model by Ledger and released in 2019, the Nano X is a Bluetooth-enabled hardware wallet that works securely with Android and iOS mobile devices.
The hardware wallet support over 5,500+ coins and tokens. It has a 100 mAh battery and can last a few months when left idling. The battery can be recharged quickly using the provided cables on any laptop.
To stake with the Ledger hardware wallet, you will need to enable the Ledger Live application (app) while connecting your wallet to your desktop computer or mobile device. Ledger Live works with the blockchain service Figment, which provides nodes for staking using the Ledger validator.
Ledger Live is a software app that allows users to buy crypto, stake their cryptos and manage NFTs.
The Ledger wallet currently supports over 30+ coins/tokens for staking, such as Ethereum (ETH) and Tron (TRX). You can check their latest coin/token staking support on their official website.
The Ellipal Titan hardware wallet is an entirely air-gapped cold wallet 100% isolated from the Internet. This means the wallet is fully protected from unauthorized access, cyber hacks, malware and any online threats.
This means it does not comes with any USB ports or Bluetooth connectivity. The only connectivity mode is via QR codes as they travel through light and cannot be hacked. Every Titan wallet has a camera to scan the QR codes for receiving and sending information.
To stake with the Ellipal hardware wallet, you will need to use their Ellipal mobile app. Staking is done within the app itself.
Ellipal support staking with five (5) cryptocurrencies, namely Cardano (ADA), Polkadot (DOT), Tezos (XTZ), Cosmos (ATOM) and Kusama (KSM).
You will start receiving rewards immediately after delegation with automatic payouts. Undelegation will take between 7-28 days, depending on the type of coins/tokens. You can check their staking support on their official webpage.
The KeepKey wallet was released in 2015 and subsequently bought over by ShapeShift, a Switzerland-based cryptocurrency exchange. The hardware wallet supports several coins, including BTC, BCH, ETH, LTC and many ERC-20 tokens.
Users access their wallet via a secure connection to the ShapeShift platform for sending, receiving, exchanging and performing crypto trading. The platform is also compatible with the Ledger and Trezor hardware wallets.
For staking, the hardware wallet has a built-in farming feature in its hardware wallet that allows users to add liquidity using their own FOX tokens or using Ethereum (ETH). You need to connect your KeepKey wallet to UniSwap to begin FOX/ETH farming.
Alternatively, when you use the Keepkey wallet, you can use ShapeShift’s Dapp, which has integrated with Yearn Finance to allow users to earn passive income by staking their crypto assets.
To start crypto staking, connect your KeepKey wallet to the Shapeshift Dapp. Select <DeFi> and <Earn>. Choose the crypto asset to stake and enter the amount for staking.