How to Stake Cardano (ADA): A Step-by-Step Guide

Introduction

Staking Cardano can be a great option for those who want to hold ADA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Cardano (ADA) Tokens
In order to stake Cardano, you need to have it. To obtain Cardano, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Cardano (ADA) 0,66
PrimeXBT Cardano (ADA) 0,66
Uphold Cardano (ADA) 0,66
YouHodler Cardano (ADA) 0,65
Kraken Cardano (ADA) 0,66
OKX Cardano (ADA) 0,66
See 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 good options.
Platform Coin Staking rewards
Uphold Cardano (ADA) Up to 1,4 APY
YouHodler Cardano (ADA) Up to 7 APY
Binance Cardano (ADA) Up to 2,1 APY
Bitget Cardano (ADA) Up to 2,5 APY
MyCointainer Cardano (ADA) Up to 3,02 APY
See all 31 staking rewards
3. Delegate Your ADA
We recommend using a staking pool when staking ADA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ADA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Cardano network. You’ll be rewarded with ADA for these validations.

Platform	Coin	Price
Nexo	Cardano (ADA)	0,66
PrimeXBT	Cardano (ADA)	0,66
Uphold	Cardano (ADA)	0,66
YouHodler	Cardano (ADA)	0,65
Kraken	Cardano (ADA)	0,66
OKX	Cardano (ADA)	0,66

Platform	Coin	Staking rewards
Uphold	Cardano (ADA)	Up to 1,4 APY
YouHodler	Cardano (ADA)	Up to 7 APY
Binance	Cardano (ADA)	Up to 2,1 APY
Bitget	Cardano (ADA)	Up to 2,5 APY
MyCointainer	Cardano (ADA)	Up to 3,02 APY

What to be Aware of

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

Latest Movements

Cardano (ADA) is currently priced at 0 with a 24-hour trading volume of US$1,27B. The market cap of Cardano stands at US$32,98B, with 35,86B ADA in circulation. For those looking to buy or trade Cardano, Uphold offers avenues to do so securely and efficiently}

Market cap: US$32,98B
24h volume: US$1,27B
Circulating supply: 35,86B ADA

See latest information

Frequently Asked Questions About Staking Cardano (ADA)

What are Cardano (ADA) staking rewards?: Cardano staking rewards are incentives for holders of ADA who participate in staking. By delegating your ADA to a staking pool, you assist in securing the network and earn rewards in return. Stay updated with real-time comparisons using Bitcompare to see how your rewards compare.
How often are ADA staking rewards paid out?: Cardano staking rewards are paid approximately every 5 days, known as an 'epoch'. It's important to regularly check tools like Bitcompare for real-time updates to ensure you understand when to expect your rewards.
What affects the amount of staking rewards I receive?: The amount of staking rewards depends on several factors including the amount of ADA staked, the performance of the staking pool, and network parameters. Use Bitcompare's tools to analyze these factors and stay informed.
Is there a minimum amount of ADA required to start staking?: There is no official minimum amount of ADA required to stake. However, some pools may have their own minimum amounts. Use Bitcompare to review different staking pools and find one that suits your needs.
Can I transfer my ADA while still earning staking rewards?: Yes, you can transfer your ADA without unstaking. Your ADA remains in your wallet while earning rewards. Always stay informed by using Bitcompare to track how transfers might impact your rewards.
How do I choose the best staking pool for ADA?: Consider factors like pool performance, fees, and saturation. Use Bitcompare tools for comprehensive analysis and real-time comparisons to make an informed choice.
Can staking rewards vary over time?: Yes, ADA staking rewards may vary due to pool performance and changes in network parameters. Stay informed with Bitcompare's real-time analysis tools to optimize your staking strategy.
Where can I find the latest updates on Cardano staking?: Stay informed with Bitcompare for news, alerts, and real-time comparisons. Bookmark their page to easily access updated information and stay ahead in the market.