How to Stake Your Cardano To A Stake Pool

by | Nov 9, 2020 | Cardano Staking | 85 comments

If you Want To Support My Content Choose Stake Pool PAUL When Delegating. Thank You

How to Stake Your Cardano To A Stake Pool

The videos below show how to stake / delegate your ADA.

I will add more to this post over the next few days as this site is filled out with content

How to stake Cardano using the Daedulas Wallet

The Daedulas wallet is the offcial Cardano ADA wallet and it is a desktop wallet. As I wrte this post it doesn’t support hardware wallets but that functionality is coming soon so I will update this post and add a video showing it when it is done.

The video below shows how to use the Daedulus wallet to stake your ADA


How to stake Cardano using the Yoroi Wallet and a Ledger Nano hardware wallet

The video below goes through all the wallets for holding Cardano and shows how to stake in Daedalus and Yoroi


How to Stake Cardano on Adalite using a Ledger Nan

85 Comments

  1. Darragh Corrigan

    Hi Paul just came across your site. Good to see a fellow Irish lad in cardona. Is Daedalus a safe option to store Ada or would you recommend ledger?

    Have been staking on binance as of late but since the uplift now taking it off an exchange and moving it to a wallet. Be honest now is your stake pool worth a decent stake 😉

    Reply
    • Paul

      Thanks Darragh I’m finding more and more of us every day..

      Yes Daedalus is a safe place to store your coins once you keep your seed phrase safe. I am a fan of using a ledger (hardware wallet) whenever possible but if you don’t have one Daedalus is a solid wallet too.

      Of course my pool is the best its run by an Irish man 🙂 Been honest over the long run most pools will generate between 5% – 6% APY. Some will be slightly above that and some below. We crossed 4M in stake overnight and growing fast now so I am expecting us to go on a good run of rewards from now on.

      Any questions let me know. If your on Telegram our group is growing and there is a decent few Irish people in there too – https://www.cardanowithpaul.com/Telegram

      Reply
    • TJ

      Hey Paul, so I staked my ADA to your pool. I entered three days before epoch 250 finished, I was expecting I’d get rewards but there was none. Was it because I didn’t complete the full epoch? Hope to hear from you.

      Reply
      • Paul

        Thanks for joining. With Cardano staking your first pay-out takes 15 – 20 days and then after that it is every 5 days. I go through the timeline and the reasons here if your interested – https://youtu.be/umiv-YMmnaU

        Reply
  2. Rob

    Hi Paul,

    Pretty new to the whole staking process. Couldn’t find a better way to message you than on here… So I think I’m delegated to your stake pool on Daedalus, and I think I noticed there was a new block produced in the last day or 2, but I’m not noticing any rewards on my end. Am I missing something? Sorry I am not on Telegram.

    Reply
    • Paul

      Hey Rob, Payouts happen at the end of the epoch which is 5 days. The current epoch 241 will end tonight and rewards from epoch 240 will be paid out to delegators. The rewards then from epoch 241 are paid out at the end of epoch 242. When you start staking first there is an initial wait of 15-20 days to get your first payout and then after that it should be every 5 days, this video explains why – https://youtu.be/umiv-YMmnaU. You can also get me on paul@cardanowithpaul.com if you want any time. Thanks for supporting my pool

      Reply
  3. Ilya

    Hey Paul! Thanks for such a helpful website! What ROA are you offering on your pool?

    Reply
    • Paul

      Thanks Ilya, my pool has seen a big growth in stake lately which has pushed us to over 6.3M now which is great as that will give us blocks and rewards in every epoch. We should average out between 5% – 6% over the year which is the average for most pools that are producing blocks. Any questions just let me know here or on paul@cardanowithpaul.com

      Reply
    • Lydia Bebbington

      Hi! Dia dhuit 😊 what is the minimum amount of ADA needed to stake in your pool?

      Reply
      • Paul

        fáilte. There is no minimum for staking.
        go raibh maith agat as féachaint ar mo chuid físeáin

        Reply
  4. Jason

    Hi Paul, thank you for the great videos! My Daedalus wallet is syncing the block chain and once that is done I’ll stake with your pool. A couple questions that I have not found the answer too. When your wallet is staked/delegated to a pool can you spend/send your ADA from your wallet? Or is your wallet locked from sending until you remove it from the pool? When happens if your wallet receives ADA while staked/delegated to a pool? How do you stop staked/delegated to a pool? When you claim your rewards who are you claiming from? The pool owner? What if the pool owner goes offline before you claim? Hope that’s not too many questions 🙂

    Reply
    • Paul

      Hey Jason,

      Yes you can still move your funds at any point. Any new ADA added will be auto staked to the same pool. To stop you can just move your funds out at any time. You are just claiming themfrom a rewards address in your own wallet. The pool owner never has access to your funds or rewards. Think that all 🙂

      Reply
  5. Leandro

    Hello Paul. How many epochs do I have to delegate my Adas to see a reward?

    Reply
  6. Eric

    Hi Paul, Can you explain the fees in more detail please?

    Reply
  7. Radek Vojta

    Hi, I have question about amount I want to stake with. Is it good idea to stake for example with 400 ADA or is it useless and I should do more ? Thank you and good luck!

    Reply
    • Paul

      If you are planning on staking for the long term then you can still make profit. You would earn about 20 ADA a year

      Reply
  8. Rok

    Hi, Paul. I have been trying to redelegate from AdaLite Pool 9 to your Stake Pool for a few weeks already without success. I am using Mozilla Browser, Yoroi extension and Ledger Nano S. Everything is up to date but I get a very generic error which doesn’t help. When I should be confirming the transaction, I get “Something unexpected happened. Please retry.” I checked your videos and I didn’t find an answer to this problem. Any idea?

    Reply
    • Paul

      Is it a windows error message? When they pop up if you ignore them and wait for the prompt on your ledger it works. You could install Daedalus on your laptop and connect your ledger there. You can also use the adalite website since you are using a ledger. I show how to do it on the adalite site in this video as I got an error in Yoroi which I also show in this video – https://www.youtube.com/watch?v=48MngePqUQo

      If you are doing it through adalite and want to use my pool you will need the ID – 86a19d5418cd07294af7d71386cf14a84e0478fbfde5b89fe4d98a58

      Let me know how it goes

      Reply
      • Rok

        When I click on DELEGATE button (video https://youtu.be/48MngePqUQo?t=308), I don’t get redirected to emurgo.github.io. Browser tries the redirect but I come back to the same pop-up where I started and the message “Something unexpected happened. Please retry.” is added in red letters. So the error was different than in your video. It looks like it didn’t even contact my Ledger. I tried disabling all add-ons and still not OK. Gave up on Yoroi for staking.

        Then I tried with AdaLite and it went smoothly, just like in your video. Thanks for assistance and keep up the good work!

        Reply
  9. Mark Smith

    Hi Paul

    I’m trying to delegate my ADA to your pool using Yoroi and ledger nano. I follow the methd on you video but when I click on ‘delegate’ the message ‘something unexpected happened, please retry’. I think I might be missing something but can’t work out what: any ideas?
    Thanks, buddy,

    Mark

    Reply
    • Paul

      Is it a windows error message? When they pop up if you ignore them and wait for the prompt on your ledger it works. Sometimes Yoroi gets overloaded too. You could install Daedalus on your laptop and connect your ledger there or you can also use the https://adalite.io/ website since you are using a ledger. I show how to do it on the adalite site in this video as I got an error in Yoroi which I also show in this video – https://www.youtube.com/watch?v=48MngePqUQo

      If you are doing it through adalite and want to use my pool you will need the ID – 86a19d5418cd07294af7d71386cf14a84e0478fbfde5b89fe4d98a58

      Let me know how it goes

      Reply
      • Mark Smith

        Done, thanks for your help, you very lovely man.

        Reply
  10. John Tomas

    Hello Paul,

    Really appreciate all the info you put out .You have answered a lot of my questions with all your content. I am seriously thinking about staking my ADA.
    A question I have for you. When do you or how do you see your pool reaching an average 5% return?

    John

    Reply
    • Paul

      Our last epoch was 6% and this one is set to be over 6% so a few more like this will pull the average right up

      Reply
      • John Tomas

        Hey Paul,

        Thanks for your quick reply! 🙂
        While I was waiting for your answer , I had a good look at all the effort you put into this. The videos, website and incredible amount of information. I staked my 364K ADA with you this evening.
        Keep up the great work!

        Thanks! 🙂

        Reply
  11. Tasi

    Hi Paul,
    Firstly thanks for the great content and support. You’re doing Gods work!
    Today I delegated my ADA to your Pool. Do I qualify for rewards in the current EPOCH which ends tomorrow?
    Thanks again for your support.
    Tasi

    Reply
    • Paul

      Thanks Tasi. No your first earning epoch will be 250 which starts feb 24th and then your first payout will be March 6th. After that it will be every 5 days. I go through the timeline and why it works that way here – https://youtu.be/umiv-YMmnaU

      Reply
  12. Danny

    Hi Paul! I’m very new to investing. Just entered your stake pool 2 days ago. I only have 304 shares of ADA in there. Can I expect any rewards from that little ADA

    Reply
    • Paul

      Hey Danny, thanks for joining the pool. You will get about 1 ADA a month so over the long term they all add up

      Reply
      • Danny

        Thank you! I will keep adding to it.

        Reply
  13. Charles

    Hi Paul, ive got about 300 ADA to invest in pool, is it a good start to your pool? Or should i consider to stake more for any returns. Please tell what do you think and what amount is the best for start. Cheers.

    Reply
  14. New staker

    HI Paul, I just followed your tutorial and staked with your pool (its above the minimum amount) .
    On my dashboard and under upcoming rewards, it lists 4 epochs but all of them have a red triangle with an exclamation point beside it saying “Staking Key isn’t registered so you won’t get rewards” how do I fix that? the whole point of staking is to get the rewards lol, thankyou!

    Reply
    • Paul

      If you refresh it normally gets rid of the ! marks as they are just while it is updating

      Reply
      • S

        great thankyou, do you know to ‘log out’ of my wallet on yoroi I feel weird that its always logged in while I am using chrome to surf online…..if we can not log out, can I delete the wallet off yoroi without impacting the staking ? thankyou

        Reply
        • Paul

          There is no logout. You can remove the wallet but you will need your seed phrase to add it back in again, deleting it wont impact the staking it will still continue

          Reply
  15. Alexea

    Hi Paul,
    Is there a transaction fee if I am going to delegate/stake my ADA to your pool? If there is, do you have any idea how much it is? and is this a one time fee? or if ever I want to undelegate ada from your pool or any pool is there a transaction fee again for this? Sorry for all my questions and I do appreciate your feedback.. Thank you and more power ,

    Reply
    • Paul

      When you stake you pay a transaction fee (about 0.17 ADA) to sign your stake key and you pay a 2 ADA deposit which is returned when you stop staking. You can move your coins at any time you want and again its just a normal transaction fee

      Reply
  16. Paul

    Hey, Paul! I’ve been struggling with something that I’m hoping you can help me with. I want to start staking, but I’m having a problem. So I got the Yoroi wallet that’s connected with my Ledger Nano X. But the thing is, I got it in July, before the Shelley update, and I’ve kept the Byron wallet this whole time. I can’t find any helpful videos on how to upgrade the wallet to the Shelley version while still keeping the Yoroi account connected with the Ledger. How am I supposed to do this?
    If anything, am I able to create a new Cardano wallet with my same Ledger, whether on Yoroi or Exodus perhaps?
    Thanks in advance!

    Reply
    • Paul

      You can create a second wallet with your ledger and create it as a shelley wallet. Then you will send the funds from your bryon wallet to the shelley one and you will be able to stake then. Any questions on it let me know

      Reply
  17. Derek Frisby

    Hi Paul,

    Thanks for all the work. Going to delegate to your pool – is it the Paul or Paul 2 pool?

    Also wondering – I’m using the Yoroi wallet. I set it up on the chrome extension. Any idea how I can have it on my phone also? If I set it up on the phone as “restore wallet” maybe but wondering will that kill the browser extension?

    le meas!

    Reply
    • Paul

      Thanks Derek, if you search for Paul you will see 2 options and the new one is Cardano with Paul 2. Yes you can use the restore option on your phone and it won’t pact the browser at all. Thanks for joining the pool

      Reply
      • Derek

        Thanks a million Paul and thanks for all the content, loving it – especially as it’s Irish! …..any advice on tax implications in Ireland? Or videos maybe? As far as I can see it’s CGT only?

        Reply
        • Paul

          Thanks Derek, no I haven’t done anything on tax as its not fully clear and its not something I want to go on the record for telling people what to do due to it been uncertain. If you are getting into bigger numbers its always worth talking to a tax pro

          Reply
  18. Daniel Houck

    Hi Paul, I have been liking the Yoroi Wallet so far. What exchange would you recommend to someone in the USA with low rates for purchasing more ADA? I used crypto.com and they are decent, but if there is a better one I’d use it. Also, how long do you expect ADA to be allowed to be staked? Thank you in advance, cheers!

    Reply
    • Paul

      Hey Daniel, I like Kraken as well. You will always be allowed to stake as that is part of how the network works. The future rewards are the part were not fully sure of yet as they will be dependant on transactions on the network

      Reply
  19. robin

    hi paul,trying to stake my cardano with you but yoroi keeps telling me something unexpected happened,please retry,i am using a ledger nano ,my browser is firefox,i also have sophos web protection,do you have any ideas?

    Reply
    • robin

      no worries,ianswered my own question,i think it was an issue with firefox.

      Reply
  20. Michal

    Hello Paul I am absolutly new on this market i need help, expect about staking can you contact me via mail please. I want to know your opinion about this pool HRBR 178 position. is it worth to staking with small stack ? I want it for long term i will buy som crypto every month. Thank you and have nice day

    Reply
    • Paul

      If your stack is under 300 then you will need to stake for a few months to make it worth while. Basically any pool should average out with rewards to 5% – 5.5% over the year. That is what I would expect my own pool to hit too

      Reply
  21. Phillip Martin

    Hi Paul

    Great videos really well put together and enjoy the updates, very useful info. Always good to see another Irish man doing well of course 😉

    Trying to stake in your new stake pool 2 but I’m having problems using Yoroi.
    I can’t seem to enter anything in the amount field although it shows the amount there its greyed out likes its inactive, have you seen this happen before?

    Reply
    • Paul

      Thanks Phillip, Wit Cardano staking you dont need to put in an amount as when you delegate it stakes the full wallet. This means that anything new added is auto staked including rewards and as there is no lock with Cardano you can still move funds in and out of the wallet at any time. We also have a telegram chat if you want to join – https://www.cardanowithpaul.com/TelegramChat

      Reply
  22. Fabio

    Hi Paul, I delegated to your pool a few months ago. I see my rewards in the Yoroi Shelley Wallet, yet I am not sure why they are listed separately and not being reinvested automatically. Do I have to withdraw and stake every payout or is there a way for me to automatically reinvest my rewards in your stake pool? Thanks

    Reply
    • Paul

      Thanks for been in the pool. They are held ina separate part fo the wallet but they are auto restaked for you and you only need to claim them when you want to move them out of the wallet

      Reply
  23. Werner

    Hi Paul, thank you for your great work! I staked a small amount of ADA (100 or so) to your pool (Paul1), just to try. I tried to destake the amount a few days later, but it didn`t work. Do I have to wait for the next epoch or do I have to wait until the “embargo period” is over. If it works I`ll stake more :-). KR Werner

    Reply
    • Paul

      Hey Werner, thanks for joining the pool. You can move your funds out of your wallet at any time as there is no lock time with Cardano staking. To stop staking you can do it in Yoroi once you have rewards. When you go to claim your rewards you will have the option to de-register your stake key.

      Reply
      • Rick

        Hi Paul ! I have delegated my cardano with you for over a month now and I don’t know why it seems like still the same already charged the fees but no rewards.
        Please tell me what happened.
        Thanks

        Reply
        • Paul

          Hey Rick, if it has been a month you should have got rewards as the first rewards are are 15 – 20 days and then every 5 days. I go through the timeline here – https://youtu.be/QqzOS7W9APs

          Rewards dont show as a transaction in your wallet. In Daedlaus they are auto added to your balance and in Yoroi you will see in the top right a section showing what rewards you have to be claimed.

          Reply
          • Rick

            I’m using mobile wallet and I can see that rewards is 0.0000000. nothing. or did I pick the wrong pool?because I just have 670 coins.
            or should I switch to different pool?
            Thanks

          • Paul

            The first rewards from staking take 15 – 20 days and after that it is every 5 days. If you have been staking more than 20 days and the pool you picked is producing blocks you should be getting rewards

  24. Werner Portenkirchner

    Hi Paul, delegated 100 ADA to your pool for testing. I destaked before the 15-20 days just to see how it all works. Waited a few epoch`s but my ADA don`t show up in my Yoroi wallet. I can see the Amount I staked in an internal Address, but have no idea how to claim them? Shouldn`t I have destaked it before the 15-20 days? Are my ADA`s lost? Thank you for the good and hard work Paul, Werner

    Reply
    • Paul

      No you can destake any time, your ADA never leaves your wallet. Cardano uses multiple addresses in the wallet but they are all controlled by you and that one wallet so when you go to send you can send from all the addresses combined

      Reply
  25. Marlon

    Hi Paul, loving the content, thanks for all the knowledge you share much appreciated. I am currently staking on Daedalus to Paul1 and would like to add more ADA to it. when i select redelegate lets me go through the motions but then tells me to select a different pool and wont let me redelegate to the same pool. what am i doing wrong?

    Reply
    • Paul

      Once the wallet is already delegated any new ADA added to the wallet is auto staked to the same pool for you so you dont need to do anything. Thanks for supporting the pool

      Reply
      • Reid

        Hi Paul,

        I’m planning to join using Trezor Model T and Daedalus. Just curious though, how do you withdraw your rewards from Daedalus rewards wallet? I’m not planning to, but I can’t find anyway to do it after searching online. I’d feel more comfortable knowing this before I start staking, so I understand the process. Thank you!

        Reply
        • Paul

          Hey Reid, when you make a transaction from your daedalus wallet it claims the rewards for you then. Up to that point they still sit in your wallet are are auto staked for you they just sit in a different part of your wallet than the rest of your funds

          Reply
  26. Shaz

    Hello Paul you legend, Just a simple one for you mate, do I have to be delegated to a pool for the entire year to get that yearly reward? Can I use any of those ada’s or withdraw/transfer them etc whilst being staked in a pool? And when I stop staking, I stop getting rewards indefinitely? TIA

    Reply
    • Paul

      Hey Shaz, No you dont need to wait a year you will get rewards every 5 days (15-20 for the first and every 5 after that). The rewards you earn will add up to about 5% – 5.5% over the year, potentially slightly more with compounding if you leave your rewards in. With Cardano staking you can can withdraw or move your funds at any time as they are not locked

      Reply
  27. Simon Young

    Hi Paul, I’ve been staking in Paul1 for a while from my Daedalus wallet. I’ve just bought some more ADA and put it into Daedalus, will this be added to the Paul1 stake pool automatically or do i have to do something? Thanks

    Reply
    • Paul

      Thanks for being a part of the pool Simon. Yes anything new added will be auto staked for you

      Reply
  28. Eric

    Hello Paul. I am Eric. I am writing from Mongolian. Today I stake deadalus. and I have 380 ada in my yoroi wallet. Can I put it all together deadalus. Advise on this. Thank you.

    Reply
    • Paul

      Hey Eric, Yes you can put it all in the same wallet. When you delegate with Cardano it stakes your full wallet for you

      Reply
  29. Daniel

    Good day Paul. I want to ask what is the maximum and minimum amount of ADA tokens your pool can support ( Paul1 )

    Thanks.

    Reply
    • Paul

      The minimum is 10ADA and there is no maximum. Well the max that any pool should have is 64M ADA

      Reply
  30. Christopher Richard

    I will be looking for a pool to stake my 4500 ADA. Tell me why yours are better the say “XYZ” pools ?

    Reply
    • Paul

      Most pools that are producing blocks will give roughly 5% over the year so pick a pool you trust to run it right and one you want to support. If that’s me happy to have you but if not no problem

      Reply
  31. Andy

    Hi Paul,

    I was about to delegate my ADA to your pool. While trying to do so, I found that there are two of them – Cardano with Paul and Cardano with Paul 2. Got a little confused. Any suggestion as to which I should delegate to?

    Reply
    • Paul

      Hey Andy, both pools are mine. You can go with PAUL. Thanks for joining

      Reply
  32. Mark

    Hi Paul. I’m thinking of delegating to one of your pools & have a couple of questions. Currently I use atomic, do I need to claim my rewards from them before moving to your pool? Presumably I just change the address and that’s it? Also, is there any optimum timing to do it so as not to miss out on a reward? Thanks!

    Reply
    • Paul

      Hey Mark, Thanks for following and looking at my pool. If you are just switching pool in Atomic you wont need to claim as first. In Atomic you will need to create a custom pool with the pool ID. You can use a89b86373838360143aba3911eaae54bf9420868965d48d447e4510a . Thanks

      Reply
  33. Debbie Reynolds

    Hi Paul Im totally new to staking and I think I have successfully staked to your pool, but how do I know if this was successful. I did this on the mobile yoroi it still shows me my available funds at the top of the screen. The next line shows me the date that it was executed at as well as the fee being 0.174 and then at intrawallet it shows 0.00.
    Im not sure if i have done this correct, the delegation button is no longer highlighted on your pool. So am i good to go or have i done something wrong. I already put in my spending password. Thanks for all your help. Debbie

    Reply
    • Paul

      Hey Debbie, sorry I missed this. Sounds like it worked. If you check the dashboard you will be able to see if you are delegated. Thanks for joining

      Reply

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