How to Purchase, Store, Trade & Stake Solana Using a Ledger Nano Hardware Wallet
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- Опубликовано: 26 июл 2024
- 00:00 - Intro
01:15 - Get Your Ledger Device Set up for Solana
03:42 - Buy some Solana on Coinbase Pro
05:37 - Set Up the Solflare Wallet Using the Ledger Nano Device
06:32 - Make sure You Enable Blind Signing in the Ledger Nano Settings
08:03 - Manage Multiple Ledger Nano Wallet Addresses in Solflare
09:51 - Transfer Solana from Coinbase Pro to the Wallet
12:04 - Swap Tokens on the Solana Blockchain within Solflare Wallet
14:09 - Staking Solana: Considerations and Risks
16:25 - How to get Detailed Information on Staking
16:52 - Choosing a Validator
19:53 - Staking with a Validator
24:36 - Un-staking from a Validator
25:22 - How to Transfer Solana Back to Coinbase for Liquidation
27:21 - Discussion of Solana’s Low Fees
27:41 - Verifying the Transfer in Coinbase Pro
28:02 - Overview
28:22 - Saturday Night Live Stream Promo
28:33 - Outro
Coin Gecko Page for Solana: www.coingecko.com/en/coins/so...
Solana Home Page: solana.com/
Ledger.com Solana support Page: support.ledger.com/hc/en-us/a...
SolFlare Web Wallet Page: edge.docs.solana.com/wallet-g...
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#solana #solflare #ledgernano
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you are the best. Thank you very much. Before this video tried to do this and I think I lost half Solana. LOL. Now, thanks to you, I found it. Much appreciation !!
Rex, you’re the best! thank you.🙏🏻
you’ve been my guide… im staking Solana! thank YUO!
Rex Thanks for being so transparent, and your guides are so easy to understand.
You are awesome~! Thank you so much for guiding me thru all these steps.
GREAT PRESENTATION..EDUCATIONAL !!! THANK YOU
Thanks CryptoDad, this video was very helpful, like many others from your channel. Hugs from Brazil!
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*+(¹)(³)(⁶)(⁰)(⁸)(⁶)(⁰)(³)(⁷)(⁴)(⁸)*
Extremely helpful video. You earned a sub!
Thanks Dad.. That's a big help..
Happy Holidays
Man you are the best crypto channel ever
This was soooo helpful. You are awesome. God bless 🙏🏽
Very good, well explained. Thank you.
You are one of the best "cryptoteachers" in the "youtube network" 🙂
Congratulations CryptoDad
Great job. Keep up the good work. Greetings from Brazil
Great video for beginners Thanks .
This was so helpful. Thank you.
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excellent stream Rex thanks
Rex does not talk in those words your just another scammer hijacking his stream
Very clear instructions! Thank you. No help from Ledger what so ever! :-( For this expensive hardware I expected it to host all mojor coins on their own platform. Now have to maintain a host of apps and never have a good overview. I am considering other options as wel
Very good tutorial.
what a great video! Hats off to you CryptoDad!
Thank you for posting this 'updated' video bc your May 2021 video didn't include the setting info and I was having a hard time. Now I am able to get it working. Thanks! I've watched several of your videos in the past and they are always very good. I appreciate all the helpful advice, as I learned everything about buying/trading/storing crypto from YT videos like yours.
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Another great video, Rex. You're a great teacher and have been invaluable to my crypto learning knowledge.
Thank you so much !
Very informative!
Thank you Cryptodad!
Great Video CryptoDad
Many thanks !!
🍀great Input 🤗 thx 🥰
Great job. Looks like SOL is now support directly support on the Nano X. In Canada there are a number of Dexes to buy SOL. Personally, I use NDAX. But Newton is good too.
best channel for crypto
great job
Thanks for the easy to follow video! Maybe this is a stupid question, but I didn't see anything about time duration of staking. Can I stake for long durations, say months at a time? Or is there a benefit to undelegating and then staking again?
Enjoying the chapter breaks, so I can quickly reference section
great, just found your channel, i subscribed immediately , just what i was looking for !!!! so much video's about ledger and staking!!! wow !!! could you please make a video on theta It seems so complicated for me and i think for many others, and your video is so well explained !!!! really great what you are doing !!!! very much appreciated : )
@The CryptoDad RUclips i did so gladly !!!
@@lieveessers That guy is a fake Cryptodad. just click his icon and see how may subscribers he has.
I'm the real deal. I would never ask you to contact me!
Best,
Rex
@@CryptoDad thank you for warning me dear Rex !!!! Best to you too : )
Best guide and clear explanation overall, enjoy your staking tutorial since Pancakeswap when it's like a dollar lmao.
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Thank you Crypto Dad!!!
I love this man 😄
@WhatsApp➕➊➌➊➐➋➒➏➐➏➏➏ Lol i report you bro
thx for the vid!!
+𝕀𝟿𝟶𝟿𝟸𝟽𝟽𝟽𝟶𝟸𝟹’ ; - D
Txt..
Great Video Sir, I have a couple of question.
1. How safe is it to Stake Solana i.e. do they stay in your wallet or the validators? If on validators, then I guess you have to be worried about rug pulls?
2. What if a validator mining rig collapses or he/she dies? Would that mean we would have then lost all our Solana for good?
perfect
Hey Cryptodad, this is Keystone hardware wallet, thanks for the great video. Our integration with Solflare will be finished in 2 weeks so our wallet can be used with solflare by then, just want to ask if you are interested in making another review for us?
Great video! I seem to be stuck though. I have a Nano S, updated to latest firmware version (1.6.0) and am using Ledger Live. I don't see Solana (SOL) as an option to install in my App catalog.
this is the exact same process for phantom if you wanted to use that instead of solflare?
I see at the end you describe it. But it would be much helpful if you could make a video solely based on sending back to Coinbase and cashing out
d Rex, do I need to log out from Solflare when I finish using it?
there is a log out option at the bottom of the page (Portfolio). But, i dont have a password to log in again. Im assuming access is regained through plugging the Ledger, correct?
thank you.🙏🏻
thx dad
Hi, Thank you for your video. Is there a way to change the currency. I bought my Solana with a different currency than USD and it would be easier to track the value of my portfolio with the same currency I used to make my purchase.
thanks! is it possible to stake other cryptos on ledger?
Good morning sir I had a question that I have ladger nano x can you tell whether it is better to import on phantom wallet or on solflare.Which is the most secure and which has the most features, can you tell a little bit?
Thanks for video. Question: can you use these same steps to store on your Ledger device, tokens which sit on the Solano Blockchain i.e. SERUM and SUNNY ?
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hello there , thanks for this info ... i tried to do it on my iphone and it didnt work .. is this because the ledger needs to be connected to the computer/laptop ? or the same steps apply ?i am at 7:55 on your video and it says "failed to connect to ledger device " hmm .. do we have to do it on the desk top or am i missing a step .. i would appreciate the answer so much :)
Will you be doing recent videos on Theta and t fuel ? storing it on nano ledger plus how to get it back to the theta wallet .. I’m reading comments on another video & there seems too be to be ppl having problems doing this since Mainet . Thanks 🙏
I just love your video's, have learned so much. I am having a Failed to connect Ledger device even tho my ledger nano x is connected. I have tried to follow the video closely. Just wondering what I am doing wrong. Very much appreciated.
i am having the same issue....
Yeah, me too..
Question, what if I have a wallet already created. And im staking my crypto. Can i restore that same wallet into my ledger?
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Solana is definitely kicking ass...wish I bought some earlier. Hope it holds its own during the coming dump. Always a pleasure Rex. 🇺🇸 Save America yo...and buy Solana.
Hello ! Once my SOL are being staked on Solflare, if I delete the app on the Ledger S in order to free up space for other apps, what happens to the staked SOL ? Do they keep staking and can I reinstall the app on the Ledger S at a later date, or can only coins with an actually installed app be actively staking ? Thanks in advance !
I already had sol app on ledger which was empty and followed the instructions you gave. When I downloaded the 2nd sol app it did not import my sol from solflare. I assumed it was because i had no sol in the original app so, bought one sol for the original app and tried again but, still doesn't show my Solflare holdings? any suggestions please, Rex?
If Solflare in future is not available, can we use another wallet to pair with our Ledger and send back the SOL to the exchange? Thanks!
Hi CryptoDad, thanks ever so much for Solana video, I don't think is their anything left to cover for Solana so thank you so much again, can you please do the same video for QNT as well I really want to stake QNT.
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I am having troubl swapping Solana toUSDC on SOLFLARE. The swap button is greyed out and SOL qty is defaulted to 0. Its not letting me change it. Any idea what went wrong?
What coin do you get back for the rewards, and is that SOL? Maybe this is obvious, but I can't find that detail. Thanks
Hey sorry. See I just tried to undelegate from solflare using ledger nano x like instructed on your video and it’s giving problems undelegating? I checked on Reddit and it seems a lot of people are having this issue.
Thanks Crypto Dad! You do such an amazing job explaining👏🏻 Keep up the good work. It does not go unnoticed ! Crypto Dad is the Best 😃
what do you think of SOL vs ETHv2?
I would like to shift from 1 ledger device to another 1. Do I need to delete the current SOL wallet account?
Thank you for all your helpful videos. Can you please do one like this for the D'cent wallet?
+𝕀𝟿𝟶𝟿𝟸𝟽𝟽𝟽𝟶𝟸𝟹’ ; - D
Txt”
Is ther a better hardware wallet than the Nano x for SOL. It seems a bit complicated given the fact that the Nano doesn't directly hold SOL
Crypto Dad can you please explain why it said unrecognized format on ledger device
Can I sync my existing solana wallet into the Ledger?
i am having problems moving my solana to coinbase exchange with my nana ledger x
The presentation is outstanding. Crypto Dad gets a thumbs up. However, I want someone to tell me, if I stake $500 @$8% apy = $44/year. WHY IN THE HELL WOULD I WANT TO GO THROUGH THAT HASSLE? If I stake $20,000 @ 8% = $1600/year. Then, I have to use more than one validator and have to constantly be monitoring my asset. The $1600 apy is under IDEAL conditions. I doubt I want anyone holding my $20K for a promise of receiving $1600 in a year or so. This is reminiscent of a bank. They use your solana, take a fee for using it and you can't take out the asset for entire year, then you have to wait two days. With $20,000 USD in Solana I'm guessing one would have to use at least five different validators. Hell with that. I'm into crypto so I don't have to deal with this nonsense. I think it would be easier to put the $20K in Celcius, get 8.8% compounded interest and you can remove your asset whenever you feel like it.
Hi, I cannot connect my solflare account to Nano X after restoring the recovery phrase and reinstalling the Solana Apps on Nano X as all my apps had been wiped out when restoring recovery phrase. could you please advise. Thank you
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When I stake sol on solflare, it shows "Failed to sign the transaction using ledger". How can I solve it, thank you!
Does ledger nano liquify the staked assets? Like StaFi that unlocks the staked assets?
I don't think so, liquid staking is provided by a limited number of protocols, StaFi as you mentioned is the 1st to find a liquidity solution.
Thanks for the video!. Can you send Solana tokens directly into a solana wallet?
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Great video , I noticed on your nano ledger x , some of your ERC 20 Tokens arent showing value just amount , i am having same issue , is it because the nano ledger doesnt support the small altcoins
That’s right. They can be seen in the interface, and you can see the amount, but ledger live doesn’t support pricing information for those particular tokens at this time. It’s simply a pricing issue
@@CryptoDad Thanks Buddy big thumbs up
hi,thanks for the video ! but i can't stake ( failed to sign transaction using ledger...) is there i minimum to stake ? i want to try with 0.1 but i can't. thanks
@WhatsApp➕➊➌➊➐➋➒➏➐➏➏➏ it's ok, now it's working. Thanks
Interesting:
The 1963 science fiction show, "The Outer Limits", had an episode called, "The Architects of Fear", where a scientist is transformed into a fake alien, a Thetan from the planet Theta!
hey CD, quick question - I have a Solflare mnemonic wallet and a Ledger X wallet attached/linked to Solflare - how do I move from the mnemonic account to the Ledger account? Do I just copy and paste from the 1st to the Ledger? Is it that easy?
You’ll just send from one to the other. Which ever one you decide to consolidate into, get the receiving address.
@@CryptoDad thanks man! I appreciate all your help/content - you've made my crypto journey so much easier!
Why not swap SOL for USDC then send that to COinbase so there is no recorded sell?
Hello
Could you please do a tutorial on how to store HBAR on my nano x?
Thank you
+𝕀𝟿𝟶𝟿𝟸𝟽𝟽𝟽𝟶𝟸𝟹’ ; - D
Txt”
i was following because I wanted to put solana on my ledger nano and did everything and you skipped the most important part! now all my solana is on solflare and I dont know how to store it on ledger. please help
SolFlare Web Wallet Page is a bad link now - "Page not found" and the procedure is out of date with regards to Solflare
What happens if you set up the wallet with ledger nano x but forgot to do the blind signing bit?
I think you would still be able to store it in the wallet and send it back out. But I don’t think staking would work. But it’s not a big deal you can enable it or disable it at any time
How can I find my Solana on Solana Beach?? I can't find it anywhere..
CryptoDad, every time you validate a transaction using your Ledger Nano X the following message [Unrecognized format] is displayed, why does that happen?
It’s basically a coding issue with the Solana Blockchain. The code is too complicated for the ledger to recognize and deal with. That is why we have to enable blind signing.
Are there any particular Reasons why the Latest LEDGER LIVE 2.33.1 will not update? Screen just says updating and its been like that for a VERY long time seems it has a lock or will not complete download? I have never had the issue before? Please Help
Depending on the version that you’re currently running, the in-app update will not work. You should quit Ledger live completely, and then go to the ledger.com website and download the latest installer.
www.ledger.com/ledger-live
Once you have downloaded the installer you can run it from your hard drive and it will allow you to update. After you’re done running the installer, just launch Ledger live and it should be running the latest version now.
Wow, I will let you know how this works thank you.
also what is blind signing mean? it sounds as if something can be signed without your permission? thanks again
www.reddit.com/r/solana/comments/p9mewq/what_does_it_mean_to_allow_blind_sign_on_ledger/
Great, now I want a steak SOL
My app is showing the words long, short and back. whitch one is the right choise?
+𝕀𝟿𝟶𝟿𝟸𝟽𝟽𝟽𝟶𝟸𝟹’ ; - D
Txt..”
Correct me if I'm misunderstanding but this just moves the SOL from his Coinbase wallet to the Solflare wallet. It doesn't move it to the Ledger / Blockchain
The Sol, it’s not “in” the Solflare wallet, it is stored on the Solana blockchain. The Solflare wallet is simply an interface which allows us to view the public information of the Solana address. However, the private key for the wallet is in fact stored on the ledger device. The private key of the wallet allows us access to the Solana that is stored at that blockchain address.
@@CryptoDad Ah ok - thank you!
9.9% for 60 days on Binance
that setting is important. thats why i couldnt make it work
I'm having a "FAILED TO CONNECT LEDGER DEVICE" smh, even though my Ledger nano x is connected. Please help thank you.
@The CryptoDad RUclips im already a subscriber, need help with my nano x not trying to connect with solflar
Disconnect, reconnect... try again. Re-launch the browser window... try again. make sure you are in the Solana app before you try again
@@CryptoDad I also did that and still giving me the same problem, is there any other wallet I can use? thanks again.
@@CryptoDad so I'm using a Mac air laptop with safari, I used the google chrome and it worked lol thank you again
@@reyes585 Oh ok. Browser issue. I forgot to mention... try a different browser :-)
Isn't Blind Signing Dangerous ?
My favorite boomer.
After seeing this. Nope not going even try and put my Solana in a ledger. For me with just a cellphone and no computer. This is a nightmare.
Don't have WhatsApp.
Guys, leave the bitcoins on the flirt investment platform and don't worry.
Lame ledger live doesn’t store
are you racist? I am a black guy, I like watching your videos
Thank you so much!