Staking Process

Cardano's staking process can be done with a few simple and easy steps.

Create Wallet

You need to create a Daedalus wallet, download the Create a Daedalus wallet from the official website. Install the wallet and start the application. The first startup should take some time as you are downloading the entire Cardano blockchain. Create a wallet and write down the keywords and store them in a safe location. Create a spending password as it used for sending ADA.

Transfer ADA

Now you need to transfer ADA from your existing exchange wallet to Daedalus wallet. In Daedalus wallet click on receive tab and copy the wallets receiving address. In the Crypto Exchange wallet click send/withdraw, paste Daedalus wallet address.

Delegate

Go to the delegation center section in Daedalus's wallet. Select the stake pool tab and search stake pool 'Pool 2021'. Select and click delegate. The process of delegation is done. You are officially participating in the Cardano network.

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