How to buy Cardano, stake & earn rewards
the following are quick guides as to how you can buy crypto with fiat, then buy Cardano, move it to an official wallet and start staking with FARM stakepool to start earning rewards in as soon as 15 days. Rewards are automatically compounded just sit back and let FARM do the work to grow your stake over time. Over a year all pools with average out to between 4-6% RoA, as long as the pools perform as expected. Fiat equivalents of your Cardano holdings will vary over time depending on how the market performs.
Set up an account with Crypto.com
We can make use of their $25 referal program where we both get rewarded if you sign up using this link.
You can buy Cardano (ADA) straight from the app and then send it to your Daedalus wallet (details below)
Crypto.com T&C’s apply
Set up an Account with Coinbase
Coinbase is probably the fastest way to turn your fiat into bitcoin. Simply send funds from the regular fiat bank account to your selected currency account on Coinbase. Coinbase will email you when they receive the funds, and then you can buy various Cryptos, I just use Bitcoin which I then send to Binance ready to buy some Cardano when the time is right.
Coinbase fees, T&C’s apply
Set up an account with Binance
Binance is one of the biggest crypto exchanges in the world. From the website or the app, you’ll see it’s possible to deposit Bitcoin (BTC). Once your Bitcoin deposit is confirmed, its possible to buy Cardano (ADA).
You can then send this to your Cardano wallet on Daedalus, Yoroi, ADALite or Ledger
Binance fees, T&C’s apply
Daedalus is the official desktop wallet
Yoroi wallet for staking $ADA on a mobile
If you prefer to stake your Cardano via a mobile device, the Yoroi is a great choice from Emurgo.
You will need to create a wallet first, and make sure your write the recovery phrase down, never give it to anyone and store it offline preferably handwritten, stored somewhere safe. I use fire & waterproof document holders for mine.