Setup Cold Staking With A Ledger Hardware Wallet
NOTE - The following guide is for Ledger hardware wallets ONLY. Do NOT use Trezor addresses for cold staking as PET4L software cannot currently spend P2CS utxos.
Prerequisites:
- A Ledger wallet with the PIVX app installed
- The latest PIVX wallet from https://pivx.org/downloads
- Download and install PET4L (PIVX Emergency Tool For Ledger) from https://github.com/PIVX-Project/PET4L/releases
Using the image above as a reference, follow these steps:
- Unlock the PIVX core wallet, choose "Unlock Wallet" from small drop down menu
- Wait until the wallet is connected and fully synchronized with PIVX blockchain
- Press “Snowflake” icon to enable the "Cold Staking" tab
- Press “Cold Staking” tab
- Press “Staker“
- Press “Create Cold Staking Address”
Using the image above as a reference, continue with the following steps:
- Enter an easy to identify Label
- Press “Generate”
Using the image above as a reference, continue with the following steps:
- Press “My Cold Staking Addresses“
- Press the new cold stake address
- Press “Copy” from small pop-up menu
Almost done! Using the image above as a reference, finish with just a few more steps:
- Press “Delegation“ tab
- Paste the address you copied in step 11
- Enter amount of PIV you wish to stake
- Enter an easy to identify label if you wish
- Paste an unused hardware wallet address (see below if you don’t know how)
- And finally, press “Delegate“
Recommended Final Steps
Lock your PIVX wallet then unlock choosing for Staking Only (see step 1 above). You are now Cold Staking with your PIV safely stored on your hardware wallet.
Additional Information
- To spend your rewards, you will need to use the PET4L software.
- Your hardware wallet may not show your Cold Staking balance, however, you can see it on a block explorer like https://zkbitcoin.com
- You can create a desktop shortcut for faster access, just modify this URL with your address:
https://zkbitcoin.com/address/Replace-With-Address-From-Step-16
- Adding more PIV to your cold stake (see image above for reference):
- Drop down and select existing cold staking address
- Enter amount of PIV you want to add to your cold stake
- Skip this step, (will fill in automatically in step 14 above)
- Drop down and select the address with the label you used in step 7 above
- Press "Delegate"
Getting A Hardware Wallet Address for Cold Staking
Open the PET4L program and unlock your hardware wallet then select the PIVX app
Using the image above as a reference, follow these steps:
- Verify that the PIVX Server is connected
- Connect to the Hardware device
- Load / Refresh addresses from the hardware wallet
- Dropdown addresses list and select an unused address
- Click “Copy“ icon to copy the address
- Close PET4L
- Paste the address in PIVX wallet (see step 16 above)