If you want to stake those token in more safer place, you can use Ledger Live that linked with the above member.
If you want to stake those token in risky place where you only want to get high interest, also you're accept to lose all of your token due to hack or vulnerability, you can use Dapp.
thanks. why do you guys think staking isnt profitable? I guess because you cant sell whenever you want? I do intend to hold the coins for longer
Not really, in ledger Live you can unstake your token at any time as long as the blockchain protocols doesn't have strict rules or some requirement to unbouding period for unstacking.
You can unstake your crypto whenever you want in Ledger Live. However, some blockchain protocols require an unbounding period for unstacking and withdrawal, others do not. Do your own research before staking your crypto.
you're talking about a risk, could you elaborate? Whats the downside to staking coins? I mean I'm using a nano ledger device, there shouldnt be any risk in doing this, or? I do realize that it takes some time to unbound staked coins but I'm planing to hodl for at least a year or so, so there shouldnt be any risks, right?