How To Register For Swicheo Exchange

How to stake Switcheo (SWTH) with Ledger

Demex added the ability to integrate Ledger hardware wallets. Now all device owners tin register a TradeHub account using the Switcheo blockchain, substitution NEP-5 and ERC-xx tokens for Demex DEX, add crypto assets to liquidity pools and delegate tokens to validators, receiving passive income.

In today's simple beginner'due south guide, you'll learn how to stake SWTH using a Ledger device.

Connect the Ledger to your estimator and install the Creation App

For security reasons, make sure you are using the latest Ledger Live software. If non, update the software to the latest version before employ, then connect the device to a PC and enter the PIN code to qualify.

Then go to the " Director " tab located in the left menu of the Ledger Live screen.

The application catalog volition open. Select the Cosmos app from the list, or merely kickoff typing its proper name in the search bar on the director folio and so install it in Ledger Alive.

Connect Ledger to Demex Exchange

Get to Demex crypto commutation and click " Connect Wallet " in the upper right corner.

Select Ledger from the list of wallets.

Important : do not refresh the Demex page until you take completed the platform wallet top-up process.

The Switcheo platform runs on the Cosmos blockchain (ATOM), and then information technology interacts with its awarding when connected. If you replenish the wallet through another network, for example NEP-five (NEO) or ERC-20 (Ethereum), then launch the corresponding application.

Make sure the Cosmos app is running in Ledger Live and says " Cosmos Ready ". After that click the " Connect " push.

Demex volition ask for permission to connect to the HID device. To grant access to the crypto substitution, click " Connect ".

Top up your Switcheo wallet

To get the SWTH wallet address, click on the profile with the DEX exchange residuum located in the upper right corner, and then click on " Re-create address ". Transfer SWTH cryptocurrency to this address. If y'all don't have SWTH tokens, you can exchange Ethereum (ETH) for them direct on the Demex exchange site using Ledger hardware wallet.

Embed SWTH

The last step is token delegation. Once you lot take funded your wallet, get to the " Staking " tab on the top console of the Demex interface.

You will be taken to TradeHub. Click on " Start Staking " to continue.

Select the validator to whom y'all are going to delegate SWTH. To speed upwardly the search process, start typing the name of the preferred validator in the search box, then click " Stake ". Cull just reliable validators, one of which is Everstake .

Enter the amount of coins you want to delegate manually or use the " Max " selection to stake the entire amount at one time, then click " Stake ".

Delight note:

The minimum delegation corporeality is ane SWTH. This amount is required to pay the network commission;
Staking rewards are calculated based on historical data and are subject area to alter;
During staking, tokens are frozen by validators, and y'all cannot trade them.

Ostend the transaction on Demex. The crypto exchange informs that the tokens will be reserved for xxx days. Until this period expires, the tokens will be frozen and you will not be able to receive them in your wallet. Click " Ok " if you desire to continue.

Now confirm the transaction on the physical Ledger device by clicking the " Approve " button.

If everything works out, the message "Staking Successful" appears on the browser screen. You have staked SWTH tokens and at present you will receive rewards!

You lot can check the condition of delegated coins and accrued rewards on " My Staked SWTH " page in your account.

In the department called " My Staked SWTH ", you can withdraw tokens or transfer them to another pool. To bank check the tokens accrued as rewards for staking, open the " My Rewards " section on TradeHub.