How to stake your ADA's with [ANEW] pool?

To get started with staking ADA tokens, the first thing users will need is to hold ADA tokens within a cryptocurrency wallet. 

 

Investors can use:

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• Yoroi - A simple Cardano specific wallet (recommended for its simplicity)

  • https://yoroi-wallet.com/#/

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• Daedalus - A full node Cardano specific wallet 

  • https://daedaluswallet.io

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• A multi-currency hardware wallet (Cold wallet), like Ledger, to add an extra layer of security.

  • https://www.ledger.com

 

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The staking process varies from one wallet to another and I would invite to use the provided links (above) to download and familiarise yourself with the wallet of your choice.

 

However the broad steps are as below:

 

Step 1. Download the wallet on your phone (for Yoroi) or your computer (for Daedalus or Exodus), or purchase a Ledger wallet.

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Step 2. Create a wallet in the application of your choice, and make sure you carefully note the recovery phrase (that’s your only way to retrieve your wallet if you need to reset it)

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Step 3. Buy some ADA from a cryptocurrency exchange like Binance, Coinbase, Huobi or Kraken. Transfer the ADA tokens into your wallet.

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Step 4. The next step is to delegate your ADA to a staking pool, select [ANEW] and start earning passive income while helping Women empowerment and education in Africa.

 

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Once you have delegated ADA to a staking pool you will begin accruing rewards. When first depositing coins, a user will need to wait 20 days to be approved by the Cardano network. This authentication delay prevents spammers from overloading the network.

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After this 20-day wait, stakers will begin earning rewards every 5 days. A user's first ADA staking reward will come 25 days after beginning to stake. The next reward will come after 30 days, and so forth.