![emoney](https://ubik.capital/wordpress/wp-content/uploads/2022/10/emoney-1.png)
Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S.
Anyone can stake NGM the native utility asset of the e-Money Network in a few simple steps.
Learn how to stake NGM, the native token of the e-Money Network, in this step-by-step guide. We are using the official wallet together with Ledger Nano S in this guide.
We highly suggest using hardware wallets for your staking operations especially if you are holding a decent amount of tokens.
Staking your NGM via the e-Money Wallet with Ledger Nano S involves three main steps:
1. Installing the Cosmos App on Ledger Nano S
2. Accessing your wallet in e-Money Wallet
3. Staking
Step 1: Installing the Cosmos App on Ledger Nano S
Make sure to install the Ledger Live before you get started. You can download the application in their website.
- Once you’ve successfully installed the application, open it. Input your password and go to “Manager”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 1 e-Money | Secure Digital Payments | Ubik.capital](https://cdn-images-1.medium.com/max/800/1*NhlvC5ltb_EOKaDrGMx4RQ.jpeg)
2. Once you’re in Manager, search “Cosmos” in the search bar.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 2 1*ve8YQVmwqlR3pKBQRRF hQ](https://cdn-images-1.medium.com/max/800/1*ve8YQVmwqlR3pKBQRRF_hQ.jpeg)
3. You should see Cosmos below then click “Install.”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 3 1*Pe ywvzveHs0ghYds8w7Q](https://cdn-images-1.medium.com/max/800/1*Pe--ywvzveHs0ghYds8w7Q.png)
4. Once it’s done installing, you should see “Installed.” If you see it, then you are ready for the next step.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 4](https://cdn-images-1.medium.com/max/800/1*zlV5KxVbSbSCC2SkLHuaCA.png)
At the moment of writing the latest version of Cosmos application is v2.16.3. If you have an older version make sure to update it to the latest version.
Step 2: Accessing your wallet in e-Money Wallet
Once you are done with Step 1, go to https://wallet.e-money.com/welcome
- Before we start, select “Cosmos” in your Ledger Nano S by clicking both buttons simultaneously. It should say “Cosmos ready.”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 5 1*DehW5zZ J1tXJCZ8da0v8w](https://cdn-images-1.medium.com/max/800/1*DehW5zZ_J1tXJCZ8da0v8w.png)
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 6 1*kh sqT1XmtLkZ 21sOu9Qg](https://cdn-images-1.medium.com/max/800/1*kh_sqT1XmtLkZ-21sOu9Qg.png)
2. Click on “Ledger Nano” on the choices.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 7 1*5W4gNCWPHiwfs8e5bKp2Ng](https://cdn-images-1.medium.com/max/800/1*5W4gNCWPHiwfs8e5bKp2Ng.png)
3. A pop-up will come and select “Nano S” then select “Connect.”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 8 1*EqT mXiYgtMzinLArdPdKA](https://cdn-images-1.medium.com/max/800/1*EqT-mXiYgtMzinLArdPdKA.png)
4. It should show your account details and you can copy your e-Money address to fund your account so you can start staking.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 9](https://cdn-images-1.medium.com/max/800/1*mjOtS0Jt6FLJlOQeIZJWxQ.png)
Step 3: Staking
Once you have your wallet address funded, then you are ready to stake.
- Click on “Earn” in the Menu. Here you can view stats like voting power, tokens staked, commission, uptime and performance and you can also access delegation options.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 10 1*2 e5O41l6FFPMtfyZXX 4Q](https://cdn-images-1.medium.com/max/800/1*2-e5O41l6FFPMtfyZXX_4Q.png)
2. Search and select your validator of choice
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 11](https://cdn-images-1.medium.com/max/800/1*0Fz5iLuw7SZDFfoxlfdUFA.png)
3. You will see more info on validator details of your selected validator. Click on “Stake” to start staking.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 12](https://cdn-images-1.medium.com/max/800/1*Qx1NJ1srsRqQthzZnopR2A.png)
4. Input the amount of NGM you want to stake then click “Next.”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 13 1*ZgabMOwB7Ckw 5Wq9tg Lg](https://cdn-images-1.medium.com/max/800/1*ZgabMOwB7Ckw-5Wq9tg-Lg.png)
5. NGM will be chosen by default for fees, change it if you prefer. Then select “Next.”
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 14 1*k1eNCvBAfNKe0MQkwbBJcg](https://cdn-images-1.medium.com/max/800/1*k1eNCvBAfNKe0MQkwbBJcg.png)
6. Click on “Send” and approve your transaction in Ledger
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 15 1*t 0NNgw910nwYZaU3pBe0w](https://cdn-images-1.medium.com/max/800/1*t_0NNgw910nwYZaU3pBe0w.png)
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 16](https://cdn-images-1.medium.com/max/800/1*D8JGEIHrfIoW8y0xeWMipg.png)
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 17 1*v X2rz3vSYedEcd4MQBhPw](https://cdn-images-1.medium.com/max/800/1*v-X2rz3vSYedEcd4MQBhPw.png)
7. Wait for a few seconds to confirm the transaction in the blockchain. Then you’re done. You can view more details on the transaction by selecting “See your transaction” or you can close it by selecting on the X icon.
![Step-by-step guide on how to stake NGM on the e-Money Network using your Ledger Nano S. 18 1*wfm 8shaD00kF9l tApfgg](https://cdn-images-1.medium.com/max/800/1*wfm-8shaD00kF9l_tApfgg.png)
Staking is complete. At the time we are writing this, you can enjoy your NGM rewards with an inflation of up to 16% per year.
Bonus Info: Staking multiple accounts to different validators is a step towards stake decentralization and further increase the network security.