With this step by step Cosmos Guide with photos and important areas highlighted in yellow, we will learn to transfer, receive, delegate to a validator, obtain rewards, with the ATOM cryptocurrency from our mobile phone with Ledger Live app + Nano X
Add your ATOM Cosmos account in the ledger live from your device
Follow these steps after opening the application on your mobile device to add an ATOM account to your Ledger NANO X and operate with it
Receive ATOM in your Cosmos account in the Ledger
Send ATOM from the Ledger
Staking Delegates ATOM to a Validator or several
Congratulations now you are part of the world of Staking and the ecosystem of Cosmos, cheers!
Yes, for doing Staking you get an ATOM reward for your contribution to securing the network, this way your ATOM stake will be on the rise as long as your validator is not penalized.
The ATOMs you get as a reward are free to transfer them, leave them there, or put them into Staking, if that is the case you must make a new delegation with that amount and it will be added to your total Stake in the network. Easy
NOTE: Since melea offers the Validation service in Cosmos since its inception + 2 years and has not suffered any penalty affecting its nominators aka delegates.
It is the same case for other validators who have not suffered it either. The penalties are there, but few validators commit fouls and are penalized. You must choose your Validators well.
Remember that if you have a Ledger Nano S, you cannot make this Guide, but you can do it from a PC with Ledger Live, just have to make sure you are in the latest version of Ledger Live to see these new options.
Where can Buy Atoms?
Where to delegate ATOMs?
melea + 685K Atoms delegates and Validated in cosmos since its inception on testnet
Víctor | melea