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How to Setup Cold Staking With Ledger Hardware Wallet

palmtree

Administrator
Staff member
QuickNote:
  • For Ledger Only
  • Don't use Trezor addresses for cold staking, as PET4L cannot spend P2CS utxos yet
  • This guide used wallet version 4.0.2 and confirmed to work the same with version 5.0.1
Prerequisites:
A Ledger with PIVX app installed​
Latest PIVX wallet from https://pivx.org
Download and install PET4L from https://github.com/PIVX-Project/PET4L/releases

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Using image above as a reference, do the following:
1. Unlock PIVX Wallet, choose "Unlock Wallet" from small drop down menu​
2. Wait until wallet is connected and fully synchronized with PIVX blockchain​
3. Press “Snowflake” icon to enable "Cold Staking" tab​
4. Press “Cold Staking” tab​
5. Press “Staker“​
6. Press “Create Cold Staking Address”​

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Using image above as a reference, continue with the following steps:
7. Enter an easy to identify Label​
8. Press “Generate”​

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Using image above as reference, Continue with the following:
9. Press “My Cold Staking Addresses“​
10. Press the new cold stake address​
11. Press “Copy” from small pop-up menu​

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Almost done! Using the image above as a reference, finish with just a few more steps:
12. Press “Delegation“ tab​
13. Paste the address you copied in step 11​
14. Enter amount of PIV you wish to stake​
15. Enter an easy to identify label if you wish​
16. Paste an unused hardware wallet address (see below if you don’t know how)
17. And finally, press “Delegate“​

Recommended Final Steps

Lock PIVX wallet (see step 1 above)
Unlock PIVX Wallet (see step 1 above) choosing for Staking Only
You are now Cold Staking with your PIV safely stored on your hardware wallet

Additional Information

1. To spend your rewards, you will need to use the PET4L program.

2. Your hardware wallet will probably NOT show Cold Staking balance, however, you can see it on the official PIVX block explorer
3. You can also create a desktop shortcut for faster access, just modify this url with your own address:
4. Adding more PIV to your cold stake, using image above as reference:
13. Drop down and select existing cold staking address​
14. Enter amount of PIV you want to add to your cold stake​
15. Skip this step, (will fill in automatically in step 14 above)​
16. Drop down and select the address with the label you used in step 7 above​
17. Press "Delegate"​

Getting Hardware Wallet Address for Cold Staking

Open PET4L program and unlock hardware wallet with PIVX app

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Using image above as a reference, follow the steps below:
1. Verify PIVX Server is connected​
2. Connect to Hardware device​
3. Load / Refresh addresses from hardware wallet​
4. Dropdown addresses list and select an unused address​
5. Click “Copy“ icon to copy address​
6. Close PET4L​
7. Paste address in PIVX wallet (step 16 above)​
 
Last edited:

palmtree

Administrator
Staff member
Currently, you cannot use this method for Trezor. The developer said in a past post "Don't use trezor addresses for cold staking, as PET4L cannot spend P2CS utxos yet." I've updated the main post to clarify.

2020/08/25 - Updated link to pet4l binaries instead of source code
 
Last edited:

palmtree

Administrator
Staff member
@MarVelloZ , Simply send staked coin balance back to your main wallet (any address you own/control) using the PET4L tool.

If you have a lot of coins, you might want to send just a small amount first to make sure you do it right.
 

palmtree

Administrator
Staff member
I don't think that balance is on the ledger, try send > coin control

Screenshot_2020-10-28_07-32-27.png


Do you see your balance there? It should have a snowflake icon!
 

Jeffrey

Administrator
Staff member
Thanks for your help with this. I have followed the steps listed above and I do not see any entries prefixed with a "snowflake" icon.
Now this has me really worried.

I can see my cold staked amount (2,032 PIV) under the "Cold Staking" area of the wallet, but I do not see any entries prefixed with a "snowflake" icon in the "Coin Control" area under "Send". Do you know why is my cold staked amount not showing up under "Send"?
Could my wallet have been corrupted? Is there a way to refresh/restore the Cold Staking amount?
What should I do to remedy this issues?
It will show as snowflakes in the transaction history but in coin control you should see it added in pairs of 2 piv to your total. Or are you using the ledger to receive cold staking rewards?
 

Dannyboy

New Pivian
Hello everyone,
I accidently put a used wallet address (from my Ledger Live account) in step 16 (owner address). In the PET4L I can't find this. Is there a way to retransfer my coins or is there any other solution?
Thanks for help.
BR
Daniel
 

palmtree

Administrator
Staff member
Hello everyone,
I accidently put a used wallet address (from my Ledger Live account) in step 16 (owner address). In the PET4L I can't find this. Is there a way to retransfer my coins or is there any other solution?
Thanks for help.
BR
Daniel
Daniel, While it's recommended to use a new unused address, It's OK to use an old address.

In pet4l try changing spath from and spath to. the default is 0 to 20, which only finds the first 20 addresses, but you can change it to 0 to 100 or 21-50 for example.
 
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