How to Purchase & Stake Polkadot On Ledger Live Using Your Ledger Nano Hardware Wallet

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4 years ago
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Upgrade Ledger Live : 0:23
Prepare Ledger Nano Hardware Device for DOT storage: 1:12
Install the Polkadot (DOT) App on your Ledger Device: 2:26
Add a Dot Account in Ledger Live: 2:50
Purchase Some Dot & Fund Your Wallet account: 5:11
(You can use Binance.com or Crypto.com or Kraken.com)
Create a Staking Compatible Account (If Necessary): 13:42
Staking Dot Using Ledger Live: 16:08

THERE IS RISK IN STAKING DOT! Some validators may fail or be "slashed". You will lose the DOT you have staked in these nodes! This is why you distribute your DOT across multiple validators, to distribute the risk.
Ledger Help page on Staking DOT: https://www.ledger.com/staking-polkadot
(NOTE MINIMUM AMOUNT SHOULD BE AROUNG 100 DOT IN ORDER TO RECIEVE STAKING REWARDS!)

Polkadot Website: https://polkadot.network/
CoinGecko Polkadot page: https://www.coingecko.com/en/coins/polkadot

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CHECK OUT THESE GREAT LEDGER VIDEOS FROM CRYPTODAD!
My most popular Ledger Nano S Video:
Using Ledger Live with Your Ledger Nano S https://youtu.be/XVSTZ7DwB8Q

Great Video for Restoring Ledger Nano S:
Restore Ledger Nano S Using Ledger Live https://youtu.be/modccBd0Jds

Ledger Nano X Videos:
How to Buy Bitcoin and Store it on a Ledger Nano X https://youtu.be/c_T-9XardEQ
How Restore to Ledger Nano X from the 24 Word Recovery Phrase of Your previous Ledger Nano S https://youtu.be/Bg-eEaRp1r4
How to Transfer All of Your Cryptocurrency Assets from Ledger Nano S to Ledger Nano X https://youtu.be/707_RpVa6x4
How Buy Bitcoin Using the Cash App & Store it on Ledger Nano X https://youtu.be/NbnX3p9Jew0
How to Buy Monero on Shapeshift & Store in a Ledger Nano X https://youtu.be/CVtlFOM9Q5Y
How to Purchase Stellar Lumens and Store on a Ledger Nano X https://youtu.be/aZWQtTR99H8
Ledger Live Now Supports ERC20 Tokens and Native Segwit Bitcoin Addresses https://youtu.be/tb9XhEVFnWM
Using Ledger Live to Send ERC20 (BAT) Tokens to Your Ledger Nano Device https://youtu.be/f7eB8vc1BQc

Social Media links!
Twitter: https://twitter.com/The_CryptoDad

#polkadot #dot #ledgernanox #ledgernanos

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