What is staking in Cardano network ?
Staking is very similar to crypto mining in that it helps in transaction validation. Staking is the easiest and simplest way in which users can earn passive income, allowing investors to generate a yield from their tokens. Furthermore, delegation will contribute to the decentralization and security of the Cardano network. Staking in Cardano is widely considered to be 100% safe with zero possibility of losing your ADA coins.
How can i stake my ada ?
We have created a video to show you process of withdrawing Ada coins from Binance. In this video we are also showing creation of personal Yoroi wallet and chosing stake pool to delegate your coins. This is the simplest and easiest way in which you can have full control of your funds and also stake it with your favourite pool.
Is staking Ada safe ?
Staking Cardano is widely considered to be 100% safe with zero risk of losing ADA tokens when using a reputable wallet such as Daedalus or Yoroi. This is because your ADA never leaves your wallet. And also you dont have to lock it up. You are always free to do what you want with your coins.
When I will receive rewards ?
Rewards are payed every 5 days. Keep in mind when you delegate your coins for first time, you need to wait 3 epoch until you receive your first rewards. It means at least 20 days before you could see rewards from staking. It can be earlier also but to make you have some real time frame we say wait for 20 days at least. After that its every 5 days. Rewards are payed in ADA coins so depends on ADA price your rewards can be much higher than 5%.
How much Cardano do you need for staking?
Of course the more you have the better it is. The required minimum is only 5 ADA!
What are the good pools for staking ?
There are many pools, we could recomend our Adria Stake Pool. It has very low marging 0.9%, which means more rewards for you.