So I have ledger nano X, it’s my first coin SOL, how to stake in cold wallet without getting scammed?

  • Monkeyinchief@alien.topB
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    1 year ago

    Check validators and apy at stakeview.app Choose a validator. Return to your ledger and stake it at the validator of your choice. If you do it yourself and not hand over your token for some platform token your risk is minimal because I quote

    Staking on Solana is considered “non-custodial” because when you delegate your SOL to a validator, you never give up control or ownership. The validator has no access to your funds, they cannot take them or prevent you from unstaking in any way.