Where and How to Stake Cardano (ADA)

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. 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)	0.36
   Wirex	Cardano (ADA)	0.35
   Uphold	Cardano (ADA)	0.36
   Klink	Cardano (ADA)	0.34
   Kraken	Cardano (ADA)	0.34

   See all 22 prices

2. 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 1.80 APY
   Bitpanda	Cardano (ADA)	Up to 3.00 APY
   Bitmart	Cardano (ADA)	Up to 1.00 APY
   Binance	Cardano (ADA)	Up to 2.19 APY

   See all 17 staking rewards

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 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.