How to buy ADA

Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees.

setup your ADA wallet

A cryptocurrency wallet is a software program that contains public and private keys that are unique to the owner of the particular wallet.

transfer ADA

“Not your keys, not your coins” is a popular expression in the world of cryptocurrencies – and a very important one at that. Without owning your keys, you wouldn’t really be in control of your coins.

delegate to a stake pool

Once you have ADA in your wallet you can now delegate to a stake pool!!

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Delegating
in Daedalus
Find your account address

Wallets have their address in different place you will need to find where the wallet keeps the address.

1

Copy or generate an address

You will use this address to send your purchased ADA to your wallet.

2

Transfer the ADA to your wallet

Once you have copied your wallet address then you can use it to transfer the ADA. Transfers are very fast and should be registered within under a minute.

3

Choose Delegate in your wallet

Find the stake pool you wish to delegate to. Type in ticker you desire and you will get the results for the pools with that ticker. Then you need to choose which pool that you want to delegate to.

4

Delegate!!!

To delegate you just click on the Delegate button. from there you will be asked to choose how much you want to delegate to that pool. Select the amount and click on the Delegate button and you're done!

5

Follow up on the Cardano stake pools

You can use any of the tools below to follow up on each of the different stake pools.

6

The Delegation Cycle

When will I receive my rewards?

If you delegate your ada during the first epoch, the pool which you delegate to can produce blocks two epochs later. Two epochs after that, you will begin receiving rewards. This is the case in any epoch you begin delegating your stake in.

We know that each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 20 days. Therefore, there is no need to panic if staking rewards do not appear in your Daedalus wallet during this time — this is completely normal.

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