how to delegate

1. Buy ADA at an exchange

Buy ADA at a crypto currency exchange such as Crypto.com or Binance:

2. Create a wallet and transfer your ADA to it

Create a wallet from Daedalus or Yoroi and transfer your ADA to this wallet:

 

  • Daedalus is the official Cardano wallet developed by IOHK. It is a full node wallet, which means it stores a copy of the blockchain and it independently validates every transaction in its history. However, it is quite demanding in terms of its hardware requirements.
  • Yoroi is the official Cardano wallet developed by Emurgo and does not run a full Cardano node. This means you can get started faster and the wallet can be used as a browser extension or as a mobile application.
  • While there are more wallets available and in development, these are the two I would recommend at the moment. Whichever wallet you choose, make sure to safely store your recovery phrase!

3. Go to staking/delegation center and delegate

If you want to delegate to Mokum Stake Pool, you can look up the ticker MOKUM. In Yoroi, you will see the bicycle logo:

 

 

For more information on how to delegate in Deadalus, see this video.

4. Enjoy your staking rewards!

It takes 15-20 days to receive your first rewards, depending on the time of delegation. See the staking page for more information on the timeline.

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