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:
Coinbase.com (can buy directly using Fiat)
Binance.com (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: yoroi-wallet.com How to create a new ADA wallet:
How to send your ADA from Binance.com 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.
Instructions to delegate your ADA using Yoroi Wallet:
And here for the Daedalus Wallet:
If you have more questions about Cardano or Staking Cardano, simply join our Discord server and ask me anything!
Please leave your comments below and let me know what other subjects you would want me to cover without Jargon & within 199 words.
