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A comprehensive guide on how to stake Cardano (ADA)
We have extensive data on staking Cardano (ADA) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking Cardano is an excellent choice for those looking to hold ADA while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Cardano, you first need to acquire it. You can purchase Cardano from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Cardano (ADA) | 0.37 |
| PrimeXBT | Cardano (ADA) | 0.37 |
| YouHodler | Cardano (ADA) | 0.37 |
| Binance | Cardano (ADA) | 0.37 |
| BTSE | Cardano (ADA) | 0.37 |
| Coinbase | Cardano (ADA) | 0.37 |
Once you have ADA, you'll need to select a Cardano wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | Cardano (ADA) | Earn up to 7% APY |
| Uphold | Cardano (ADA) | Earn up to 1.48% APY |
| Atomic Wallet | Cardano (ADA) | Earn up to 5% APY |
| Bake | Cardano (ADA) | Earn up to 2.5% APY |
| Binance | Cardano (ADA) | Earn up to 2.1% APY |
We suggest using a staking pool for staking ADA. It's easier and quicker to start. A staking pool consists of validators who pool their ADA, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Cardano network. You will be rewarded with ADA for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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