How to Buy and Stake Your ADA

Updated: May 16

Cardano Explained Without Jargon & Within 199 words

By staking your ADA you will earn rewards passively.

Step 1: Buy some ADA You can buy ADA at crypto exchanges. Here are the biggest and how to use them to buy ADA: (can buy directly using Fiat) (will have to buy Bitcoin first then sell it for ADA)

Step 2: Send your ADA to your Cardano Wallet

To be able to stake your ADA, you first need to send your ADA from your Exchange wallet to a native Cardano wallet. It's not hard to install a Cardano wallet, but please make sure you follow all steps carefully and specially write down the recovery phrase! I prefer the "Yoroi"-wallet:

Download here: How to create a new ADA wallet:

How to send your ADA from to your new ADA wallet:

Step 3: Delegate your ADA

OK! Now that you got your ADA in your Yoroi wallet, its time to stake it. You do that by "delegating" your ADA to a Stake Pool of your choice.

If you would like to support us and our causes we appreciate you selecting our stake pool: ADA4Good. Ticker: A4G

Instructions to delegate your ADA using Yoroi Wallet:

And here using Daedalus Wallet:

If you have questions, feel free to contact me. Happy staking!

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