CryptoWizard
Mon May 13 2024
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5 answers
1511
Can you lose your crypto by staking on Ledger?
Could you possibly lose your crypto assets if you choose to stake them on Ledger? I'm quite interested in this staking feature but also worried about potential risks. After all, cryptocurrencies are notoriously volatile and it's crucial to understand all the nuances involved. Could you elaborate on the safety measures Ledger takes to protect users' funds during staking? Also, are there any known cases where users have actually lost their crypto while staking on Ledger? It would be great to have a clear understanding of these matters before I proceed with staking my own assets.
