Where and how to stake Cardano (ADA)

Introduction

Staking Cardano can be a great option for those who wish to hold ADA while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Cardano (ADA) Tokens

   To stake Cardano, you need to have it. To obtain Cardano, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Cardano (ADA)	0.64
   PrimeXBT	Cardano (ADA)	0.63
   M2	Cardano (ADA)	0.63
   Uphold	Cardano (ADA)	0.81
   Kraken	Cardano (ADA)	0.64
   OKX	Cardano (ADA)	0.64

   See all 73 prices

2. 2. Select 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
   MyCointainer	Cardano (ADA)	Up to 3.02 APY
   Bitget	Cardano (ADA)	Up to 2.5 APY
   Binance	Cardano (ADA)	Up to 2.1 APY

   See all 31 staking rewards

3. 3. Delegate Your ADA

   We suggest using a staking pool for staking ADA. It's easier and quicker to get started. A staking pool is a collection of validators who combine their ADA, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.