Where and How to Stake Binance-Peg Cardano (ADA)

Introduction

Staking Binance-Peg 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. 1. Obtain Binance-Peg Cardano (ADA) Tokens

   In order to stake Binance-Peg Cardano, you need to have it. To obtain Binance-Peg Cardano, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kucoin	Binance-Peg Cardano (ADA)	0.65
   Azbit	Binance-Peg Cardano (ADA)	0.65

   See all 4 prices

2. 2. Choose a Binance-Peg Cardano Wallet

   Once you have ADA, you'll need to choose a Binance-Peg Cardano wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Kucoin	Binance-Peg Cardano (ADA)	Up to 3% APY

3. 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. 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 Binance-Peg Cardano network. You'll be rewarded with ADA for these validations.

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.