How to Stake Cardano (ADA): A Comprehensive Guide for the UK

Introduction

Staking Cardano can be an excellent option for those who wish to hold ADA while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Cardano (ADA) Tokens
To stake Cardano, you need to possess it. To obtain Cardano, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Cardano (ADA) 0.36
PrimeXBT Cardano (ADA) 0.36
YouHodler Cardano (ADA) 0.36
Binance Cardano (ADA) 0.36
BTSE Cardano (ADA) 0.36
Coinbase Cardano (ADA) 0.36
View all 73 prices
2. Choose a Cardano Wallet
Once you have ADA, you'll need to choose a Cardano wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
YouHodler Cardano (ADA) Up to 7% AER
Uphold Cardano (ADA) Up to 1.48% AER
Atomic Wallet Cardano (ADA) Up to 5% AER
Bake Cardano (ADA) Up to 2.5% AER
Binance Cardano (ADA) Up to 2.1% AER
View all 31 staking rewards
3. Delegate Your ADA
We recommend using a staking pool when staking ADA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ADA, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Cardano network. You will be rewarded with ADA for these validations.

Platform	Coin	Price
Nexo	Cardano (ADA)	0.36
PrimeXBT	Cardano (ADA)	0.36
YouHodler	Cardano (ADA)	0.36
Binance	Cardano (ADA)	0.36
BTSE	Cardano (ADA)	0.36
Coinbase	Cardano (ADA)	0.36

Platform	Coin	Staking rewards
YouHodler	Cardano (ADA)	Up to 7% AER
Uphold	Cardano (ADA)	Up to 1.48% AER
Atomic Wallet	Cardano (ADA)	Up to 5% AER
Bake	Cardano (ADA)	Up to 2.5% AER
Binance	Cardano (ADA)	Up to 2.1% AER

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.