Storing on Trezor, already staked
Storing on Trezor, already staked
So I already have a little ADA staked on Yoroi and just got a trezor? Do I need to unstake my ADA then move it to my Trezor and re-stake it in order for it to be secured on my trezor?
I haven’t meet the time requirements to receive any rewards yet. So I assume it will reset when I do this right?
Thanks.
You need to send your ADA to your trezor wallet and have to wait the 20days~ before receiving stake rewards.
The wallet generated inside trezor is the most secure of the two due to the location of the file that holds the private key to your wallet, its stored behind a dedicated encrypted device whose only porpuse is to sign transactions with that private key.
So that’s why the tokens need to be in trezor wallet, because the device with the private key to that wallet was never exposed to the internet, reducing the attack vector.
But look up ADA Staking rewards and epochs, because if you complete the necessary epochs to earn rewards, when you send your ADA to another wallet and stake there, you will still earn rewards on your previous wallet for the following 2 epochs i believe. This way if your move your ADA to stake elsewhere you will always receive rewards.