Cardano ADA Staking – Questions for beginners

What Cost per Epoch 340 ADA Fee?

This is the minimum fee that stake pools require. This amount was set by IOHK, one of the founding companies that created Cardano.

Don’t worry though, you don’t have to pay this fee from your wallet. This fee will be deducted from all the ada staking rewards. This means you don’t have to worry about anything, just stake your ADA and let us take care of the rest. 😉

Could Stake Pool Operators steal my funds?

Absolutely not. When you delegate your ADA, your funds never leave your wallet. They are still at your disposal. What cardano stake pool operators can do is change the fee from, let’s say, 0% to 50%.

This practice is mostly exercised by pools that set the margin to 0%, get a lot of delegates, and then change the margin as high as they want. But don’t worry, we have set our margin to 3%, and we promised we would never increase it.

How often are rewards paid out?

This really depends on the size of the pool. If you choose a pool that is near saturation, you will receive rewards for every epoch. But if you choose a smaller stake pool like us, you won’t receive your rewards, every epoch. BUT the rewards are often better than from bigger stake pools.

So, in the end, if you choose us as your stake pool, you may not receive the rewards every epoch, but you will receive more than at stake pool that is almost full.

So, it is up to you if you want to see your dashboard updated every 5 days and receive fewer rewards or if you don’t care about your dashboard but with bigger rewards.

Can you choose multiple pools for one wallet?

Unfortunately not at the moment. But IOHK’s CEO, Charles Hoskinson, said on one of his videos that it “will be available in the future.”

If I want to send my ADA to exchange, do I need to undelegate?

No. All you need to do is just send your ADA to your exchange address.

Do I need to keep Daedalus running to receive rewards?

No, once you stake your ADA, you can close the wallet.

How often do I have to log into my wallet to receive rewards?

You can log in as often as you want. If you want, you can check it every 5 days to check if you received rewards, or you can log in every 2 years, it’s really up to you.

Can I use Ledger or Trezor to stake my ADA?

Of course! There are many video tutorials on YouTube where you can check out how. 

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