This guide shows you how to securely store and manage your Solana (SOL) using a Ledger hardware wallet and connect it to Phantom, a popular Solana wallet, for staking.
Adding Solana to Ledger:
- Open Ledger Live and go to “Manager.”
- Install the “Solana” app on your Ledger device.
- Add a new account in Ledger Live, selecting “Solana” as the asset.
- Open the Solana app on your Ledger and confirm the account creation.
Connecting Ledger to Phantom:
- Open Phantom and click “Add / Connect Wallet.”
- Choose “Connect Hardware Wallet” and select your Ledger device.
- Phantom will detect your Ledger accounts. Choose the Solana account you want to add.
- Confirm the connection on your Ledger device.
Staking your SOL:
- Explore staking options within Phantom using your connected Ledger account.
- Remember, staking involves risks. Research thoroughly before committing your SOL.
Benefits:
- Increased security for your SOL with hardware wallet protection.
- Convenient staking directly from Phantom using your secure Ledger account.
I hope this summary is helpful! Remember, always do your own research before making any investment decisions.
Disclaimer:
The information provided on this website is accurate as of the last edited date. However, please be aware that circumstances can change, and the content may no longer be accurate or up-to-date. None of the information presented here constitutes financial advice. Always consult with a qualified professional before making any financial decisions.