Staking cryptocurrency allows you to earn rewards by locking up your assets, effectively letting your holdings generate passive income. Beyond potential price appreciation, staking provides an interest rate for participating in network validation—especially relevant in Proof-of-Stake (PoS) blockchains like Cardano, Avalanche, and Fantom. Unlike older Proof-of-Work (PoW) systems (e.g., Bitcoin), PoS protocols rely on staking to validate transactions, making it an eco-friendly alternative.
Staking Methods: Exchanges vs. Hardware Wallets
Exchange Staking: Platforms like Binance, Kraken, or Coinbase offer user-friendly staking but pose security risks (e.g., exchange hacks).
- Pro: Convenient.
- Con: "Not your keys, not your coins."
- Hardware Wallet Staking: Using devices like Trezor or Ledger provides enhanced security. While Trezor doesn’t natively support staking, workarounds exist via third-party wallets.
👉 Explore top hardware wallets for maximum asset protection.
Risks of Staking
Staking isn’t risk-free. Key considerations:
- Lockup Periods: Ranging from days to a year, preventing timely sales during market downturns.
- Security Threats: Exchange breaches or validator failures.
- Mitigation: Use non-custodial wallets (e.g., Trezor + Exodus or AdaLite) to retain control.
Staking with Trezor: Step-by-Step
Option 1: Exodus Wallet Integration
Connect Trezor Model T/One to Exodus to stake:
- Supported Assets: Solana (6.55% APY), Cardano (4.91%), Cosmos (9.67%), and more.
Process:
- Install Exodus and link Trezor.
- Navigate to "Earn" to start staking.
💡 APY reflects compounded returns—critical for long-term gains.
Option 2: AdaLite (Cardano Staking)
- Connect Trezor to AdaLite.
- Delegate ADA to a pool—keys remain offline.
Option 3: AllNodes/Simple Staking
- Use Trezor with AllNodes for multi-asset staking or Simple Staking for Tezos.
Top Staking Coins & Rewards
| Coin | APY | Lockup Period |
|------------|--------|---------------|
| Ontology | 21.43% | Variable |
| Cosmos | 9.67% | 21 days |
| Tezos | 5.66% | Flexible |
Data sourced from StakingRewards.
FAQ
Q: Can I stake Bitcoin with Trezor?
A: No—Bitcoin uses PoW. Staking is exclusive to PoS coins like ADA or SOL.
Q: Is Trezor Model T better for staking than Trezor One?
A: Both work similarly, but Model T’s touchscreen simplifies navigation.
Q: What’s the safest staking method?
A: Hardware wallets + non-custodial interfaces (e.g., AdaLite) minimize risks.
Final Thoughts
Staking transforms idle assets into income streams. While Trezor requires extra steps, combining it with Exodus or AdaLite balances security and profitability.
👉 Secure your crypto today with trusted hardware wallets.
Note: APYs fluctuate—always verify current rates before staking.
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