How to use Polkadot (and stake) with Ledger Live Print
Modified on: Tue, 4 Jan, 2022 at 12:06 PM
Before you begin staking, please pay close attention to these important points:
- Do not bond ALL your funds. Leave a small amount transferable in your account, so that you can pay transaction fees from that (changing validators, bonding more or unbonding your tokens are all transactions that will cost a small fee).
- Any changes you make will take affect in the next era (which lasts 24 hours on Polkadot), provided you made the changes at least 4 hours before the era ended (whether it's setting up staking for the first time, or changing your validators, bonding more funds, etc), and rewards are distributed after an era ends. So, when you first stake, your rewards will begin to come at the soonest after 1 day and 4 hours, and at the latest after 2 days.
The following video explains how to stake DOT with Ledger Live. You can also refer to the instructions on Ledger's website.
Did you find it helpful?Send feedback