How to Stake Cardano ADA (Yoroi Wallet Cardano Staking Tutorial)
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- čas přidán 8. 07. 2024
- How to stake Cardano ADA - Yoroi Wallet Cardano staking tutorial. Staking Cardano ADA in Yoroi is a simple process, first you need to set up your Yoroi wallet, deposit ADA into the wallet, the simple choose a ADA stake pool and stake ADA in Yoroi Wallet
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TIMESTAMPS:
0:00 Intro
0:30 Cardano ADA staking facts
2:31 How to use Yoroi Wallet
4:49 How to get ADA
5:31 How to deposit ADA to Yoroi Wallet
6:48 How to stake ADA in Yoroi Wallet
8:24 How to find a Cardano stake pool
9:31 Delegating ADA to a stake pool
10:54 Withdraw from a stake pool
11:25 ADA exchange staking
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structured, simple, logical - thank you for this best delegation confirmation I could find on youtube! nice video!
Thank you! This was the best video on staking ADA I have seen. Everyone else talks to fast, leaves things out, and isn't as well planned out and concise as this video.
Nice and thorough thank you.
You always make the best Videos. Easy to understand. Clear and concise. Big ups brother.
Great content. Always. You’re thorough.
Thank you! For too long I've been grudging over the complexity of getting a wallet. Well explained.
I still don't get it. I have coinbase, is that a wallet itself or i still need the yoroi thing?
THANKS MAN - EXCELLENT WORK.
How do you not have a million subscribers. You have the ability to talk to newbies without making us feel like idiots and experienced users as well.. ❤❤🌸🌸
Literally used this step by step. Thanks James!
Great & simple vid ! thanks mate
Thank you so much, this is a great great great video ! love all your videos, huge beneficial!
Great video. Thank you!
I absolutely enjoy with all honesty watching all your content bro... I usually skip or fast forward other CZcamsrs videos except yours & Coin Bureau.
Very crisp & clear, well spoken, detailed information. Perfectly executed my mans!
Oh and not to mention, I feel like I’m listening to Richard Hammond which soothes my soul. Hahahah wishing you all the best brother! Stay safe!
Thank you man!
Great video thanks man
Thank you brother.
Very helpful!
great video, very helpful, thank you for sharing the info.
Thanks so much!
Well done tutorial
Your channel is easily becoming one of my go to channels for real crypto info and guides. Thanks
Excellent video
When trying to stake, it asks you to confirm the staking registration on Ledger what am I confirmed it against? Is that steak and he located somewhere that I am verifying it’s correct?
Man ur the best 👍💯
Excellent content. Just a question, what do you mean by not having custody of your assets?
do you pay that 2ada fee every time you stake with a pool?
so if i was wanted to move pool because it because less profitable i would be charged the fees again?
would it be better for me to just keep my ada on Binance in 60day locked staking for 7.79%
Is the ROA the net return? After the cost? Thanks excellent vid!
Good stuff 👍
Hello, what’s the best exchanger for crypto daily trading.. scalping or swing trade
If I want to stake on different pools do I need to set up multiple wallets ?
Excellent. Thank you.
Thank you
When i deposit more ADA in my running staking pool do the 20 days begin from begin? How is this handled?
Can you use a stake pool and also put your ADA into Ledger device at same time whilst also earning rewards or do u actually give you ADA over to the stake pool while your with them?
Yoroi is great, ever tried staking with atomic wallet?
Pretty easy there!
and stake goes to one single pool, not good for the network
If I want to stake my rewards, do I need to put them in the pool or they are staked automatically?
How can I convert from a Byron to a Shelly wallet in order to delegate? It seem that Yoroi get’s stuck on finalizing the process 😅😅
Accumulating and Staking as much ADA as humanly possible
currently, my yoroi wallet is staking ADA. can i send/add more ADA into it? will it automatically staked?
In the Yoroi wallet what timezone are the transactions timestamped ? I see a time listed but it doesnt say what timezone which is needed to file taxes .
Thanks
I have a ledger nano x device, can i stake my ada and also store my ada in my ledger device?
Hi all, regarding withdraw ADA to the Yoroi wallet, the only ways are either via Binance or kraken. I am able to do so via Etoro as I have sufficient ADA there? Thanks in advance!
AWESOME!
Thanks for watching.
For more tips on how to grow your portfolio. Send a direct message right away on what's app....•+1^^2^^0^^1^^3^3^^8^^^0^^^4^^0^^^1,,
On mobile each transaction will have new address? What is used unused address? Can I used the used adress or should I always choose unused adress? Is it right if the adrress keep renewing every transaction?
Thank you!
Have you heard about crypto investment?
@@bethanyquin4694 I did. 👍✌️
@@Ladida386 how long have you been investing in crypto?
Great video. How do I re-stake my profits back into Yoroi?
how do you cancel delagation?
How long can cardano staking last? As long as cardano exists?
Hello! Just want to ask why cant i withdraw my stake ada 1 week ago in yoroi wallet?
great effort. It really helped alot. One question, what are staking "POOLS"? From my my idea, they collect ADA from individuals who staked and uses as a collateral for validation.
Exactly 💯
they do not collect your ADA, your ADA stays with you and you can choose to do whatever with it at any given time.
Folks, how stop delegation on a pool with Yoroi Wallet plz?
I started saving adatokena in my wallet a week a go,then i started frying them at a pool,but a dat leter my tokens were sent an unknown address, please help me do i need to do?
so do you have to really have 300 something ada to stake?? new to staking
staking on Yoroi vs Exahnges eg, Binance. is that any reward different or just the same? i find binance is must easier less worry as the third party will handle for us, just cant find a good reason to go for yoroi? maybe more benefic to stake yoroi?
Wanna know this as well
Always send a small amount to make sure wallet address is correct
Does this require a computer or can this be done on phone/tablet?
nice video, i have a Q if i stake x amount and transfer more ADA to the wallet that amount will automaticly stake itself?
You have to choose a pool
If you already have Ada in a pool and you add to that wallet that’s already delegated it will automatically delegate that Ada to the pool. I’m not sure if it’s right away or at the next epoch. The only way to do two different pools is two different wallets
A
A
Whats difference between shelly or Byron
Messi, are you? Great tutorial, anyways!
🤣🤣
Is there a risk when staking ada there?
i googled it said the entry was like 300 something but is that not true?? clearly not cuz u said i can do as low as 10. I have 100 Ada rn/ what would yall reccommend me do??
Good video….
Is that return per month ? Or annually ???
What is the plus 340?
Can I stake and still pull my ADA into my cold wallet??
can you tell me how to unstake ?
Is that return annual or monthly? still confused
If our coins remains within our wallet then what are we stalking in pool? What delegates means? Exactly what happens when delegates?
Make also please a vid for the 1inch app/DEX - thx!
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Is the withdrawal instant or is there a waiting period?
if goat stake gives 5.55% and takes 3.40% doesn't that lower the net yield? so you wont get the full 5.55 right?
Yeah i don't get it
Great video ..👍
But here , you did not tell us about Ada delegating fee..I saw in yours video Delegating fee round about 2.5 % + 340 Ada.. What is this..???
Do the delegation process cut my 340 Ada for delegation....????
If i want to stake 100 Ada thanhow much should I pay as Fee..???
And if i Want to stake 300 Ada than how much should Pay as Fee..
I would be great full to you if i will get answer...
With Regards
Bruce Perfect..
Thanks Messi
Ledger Nano X says it doesnt support ADA???
I am trying to do this, but when I hit "delegate" it prompts to connect with ledger. I do that, but when I hit "Continue" it says: "Something unexpected happened. Please retry." How can I see what is the problem that occurs? Any ideas?
try opening the ada app on your ledger before hitting continue
Hello,sundaeswap is coming soon, should i stake my ada in yoroi until october or its better to wait?thks
I'm also wondering about this. If I deregister from staking, can I delegate my ADA immediately? Meaning if Sundaeswap is launched can use cancel my staking and use it right away?
hi how can you unstack?
How to unstake
I got a question. I first invested in ADA a few months back and I made some gains on the exchange when the price went up. So my question is, if I move my ADA to the Yoroi Wallet will the gains I made through the price change disappear? I think I made like an extra $300 from initial investment.
If anyone can help me understand this, it would be great!
What’s your issue
As a fellow Cardano holder, I know my answer is coming late to this comment, but I'll answer it anyway. You won't realize a profit until you sell your ADA for fiat or exchange it for a stablecoin. Simply holding onto your ADA is sufficient if you want to HODL for better price movements or if you want to stake it. Moving your ADA from your exchange's custodial wallet to another wallet of your choice should not affect the value of your ADA. The only thing you'll lose is a bit of ADA to pay the withdrawal fee from your exchange. Only a negative price fluctuation can wipe out whatever gains you made off of your ADA investment. I hope this helps.
@@The-Opium-Den thanks
Question: binance 60d staking gives you 7.79% APY, staking in a pool directly 4.6% APY. Why transfer to binance to yoroi to stake at a lower % than the platform you come from?
Im in the same boat. But its definitely safer to have your crypto in yoroi and you have your own private keys unlike on binance where they still technically have control over your crypto. Depends how much that stuff bothers u i guess
you get 7.79% a year roughly, but binance only gives you the option of staking for 30,60,90 days so you'll never be staking for a year
@@TheBadlev I don't really want to lock in for a year, so I am happy with the current 60 days and renewing when the end is reached. It locks in your winnings (since if for some reason you might need/want to sell during the duration of your term, you loose the gains you made. I regularly buy, so it also means that I can consolidate on a regular basis.
Is the spending password a different password than the one you created for wallet originally ?
Same
Im so confused, if you buy cardano at say 2.5$ and then put it in the yoroi wallet for staking, then next week the cardano increases to 5$, would you still make X2 ? or does that stop when you stake it ?
Your staked ada increases in value. Also your rewards you get from staking ada increase as well
@@mindfulmeditation7964 even if its sent to yoroi from coin spot ?
@@triplemoon1776 yep
Can someone please explain how to take ADA out?? and I don't mean the rewards only. I can't seem to find information on how to take ADA out of delegation and back into Binance.
Simple, just send them to the destitation address from your wallet. The staked ADA are not locked, nor deposited on another account. They stay in your wallet all the time. Therefore you can use them normally as if they would not be staked. It’s just superb, not? This is a unique feature of the Cardano staking protocol. BTW, as soon as you decise to transfer back your ADA from Binance, please consider to stake with my small pool. Ticker is MINI1. Cheers 🙋♂️🙂
Sorted out! thank you :)
Investing and diversifying your portfolio with stocks, crypto currency and forex trading is the wisest thing to do and really profitable.
Diversifying is the best key to investing.
Yeah one needs to diversify to have different streams of income.
Well I’ve been an investor in crypto trading and I can say it’s really profiting.
@@chaimaawad5759 I’ve heard about forex and bitcoin watched multiple videos but always get confused.
I was an investor of stocks but sold all off and invested on bitcoin, I’ve been doing well .
When staking ADA, do your rewards automatically get pooled in with your original amount? as in does it compound or is it collected in a separate section?
Well do you have a PC?
found out it's compounded
How does binance give higher rewards on locked staking?
Right?? Isn’t Binance like 17%-20%?
@@benastaraki2845 yea for short term staking like 15 days they give upto 20% and for 7 days upto 32%. I wonder how do they pull it off.
🔥🔥🔥🔥🔥
So how do you transfer the ada back to your bank account if you want to cash out? Do you need to transfer it back to an exchange again?
I think you should engage the support on whatsp. They’re quick in response.
939514.
+12132
How long is an epoch? Thanks!
5 days
How do I unstake my ada?
Using Yoroi wallet, how do you determine cost basis of rewards for tax purposes?
Here just in case someone answers
That's the fun part, you don't!
@@mattg5229 so what does that mean?
Just to be on the safe side: If I connect the Yoroi Wallet to my Ledger hardware wallet, I do NOT need to set up a password and recovery phrase, right?
Whats difference between shelly or Byron
You need dear very important
Hello i staked a sizable amount of Ada on Yoroi I’ve waited 3 epics and I have not not received any rewards . The worst part is that I cannot react anyone to respond my questions. I don’t want to stop supporting the system but this is not working. Can someone please tell me some info ?
I stake on 8/4. As of today. 3 epics haves pastry and nothing.
assuming you picked a pool, you should check the pool's stat's to make sure the node is up.
If u deposit more Ada into the wallet will the Ada be automatically delegated to the stake pool you’ve delegated or will u need to manually delegate the deposited Ada?
auto
@@MoneyZG thanks!!
When you say decentralised, does it mean that you don’t get tracked and have to pay tax on your profit gained?
Nope! You still have to pay Capital Gains tax on your profit, but ONLY if you SELL crypto for a profit. Decentralized just means that there isn’t a “central agency” (such as a bank) that controls cryto.
@@coryjohnson2486 thank you.
How long does it normally take for rewards to appear after epoch?
Not long
It doesn't take time
How do you add ADA to an existing stake?
Simple, just send them on the same wallet address and they will be added automatically. If you’re looking for a pool to stake, I would appreciate if you could stake with my small pool. The ticker is MINI1. Cheers 🙋♂️🙂
@@terrj Thank you! I figured it'd be simple.
Binance giving high APY comparatively. which one is the safest and more profitable option
Yoroi by far.
Make sure you stake with ADARockPool too
but Binance locked staking has more APY .. is this any better ?
Binance are scammers
they lock up your coins for 90 days and technically theyre not giving you any ADA
@@supraman8364 they give after the time you have had your ada locked for passes, I have 9% ada for 90 days locked
I'm staking in one pool. How do I withdraw half of my Ada and put it into another one? Thank you so much.
trying to figure this out myself- as i see the withdraw button greyed out...
Will put you through
Check our channel on how to do it. Stake with us, Ticker : ADRIA
Only one at a time
@@adriastakepoolcardano I’m interested… I’m gonna search for you guys
Is USA ablyto do so
Thanks for watching.
For more tips on how to grow your portfolio. Send a direct message right away on what's app....•+1^^2^^0^^1^^3^3^^8^^^0^^^4^^0^^^1,,