Beware of phishing attacks, Ledger will never ask for the 24 words of your recovery phrase. Never share them. Learn more

Staking Algorand (ALGO) with Ledger device

This article describes how to sign up for the Algorand Community Governance Program with your Ledger device and earn ALGO staking rewards.

Before you start

 Most importantly

  • Being a governor requires active participation in voting decisions.
  • Non-voting governors will not be able to collect ALGO staking reward at the end of a governance period.
  • As such it's strongly recommended to familiarize yourself with the duties of a governor before committing ALGOs. More on this here.

Ready? Let’s dive in.

Install the Algorand (ALGO) app on your Ledger device

  1. Connect and unlock your Ledger device.
  2. Open Ledger Live and navigate to My Ledger.
  3. If asked, allow access to My Ledger by pressing both buttons on your Ledger device simultaneously. 
  4. In My Ledger, select the App catalog, search for Algorand (ALGO), and click Install.
    You're done.
    mceclip0.png

Sign up to the governance program

  1. Connect your Ledger Algorand (ALGO) account to MyAlgo by following these steps.
  2. Next, open your browser and navigate to the Governance website.
  3. On the website, make sure an active governance period is selected.

    mceclip0.png
  4. Select Connect Wallet >  My Algo Wallet then unlock MyAlgo with your password and click Connect.

    mceclip1.png
  5. Select your Ledger account and click Connect.

    mceclip2.png
  6. Select Use.

    mceclip3.png
    Your Ledger Algorand (ALGO) account connects to the Governance website.
  7. Before you proceed to the next step, make sure your Ledger device is unlocked and the Algorand app is open on your device.
    Your Ledger device displays: Algorand Ready.
  8. Back to the website, select Commit ALGOs, choose how much ALGO you want to commit then click Commit Algos.

    mceclip4.png
  9. Select Continue > Connect.
    MyAlgo is now waiting for your to sign the transaction on your Ledger device.
    Your Ledger device displays: Review Transaction.

    mceclip6.png
  10. On your Ledger device, use the right button to review the transaction. If all looks good, navigate to APPROVE and press both buttons simultaneously to sign the transaction.
    A confirmation message will appear once the transaction is confirmed on the Algorand blockchain.

    mceclip7.png
  11. Click Close.
    You're done.

Was this article helpful?