3 Ways to Stake Cardano (ADA) — Crypto Passive Income

There’s a great option for every experience level.

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Edit #2: Sequel article here.

Edit: My YouTube video for this article is here.

Cardano is regarded as the forefront Smart Contract blockchain challenging Ethereum’s market dominance.

With a market cap of $60 billion, Cardano’s native token ADA is one of the largest cryptocurrencies, held by millions worldwide.

The majority of ADA — more than 70% of the circulating supply — are currently sitting in staking pools earning passive income for their holders. With an average return of 4–6% and a capital growth rate that far exceeds fiat currencies, some look to Cardano as a viable solution for retirement income.

If you’re holding ADA, I’m excited to tell you that it has never been easier to stake ADA.

You can stake ADA directly by delegating your tokens to a staking pool from a Web 3.0 wallet like Daedalus or Yoroi. If DeFi sounds too scary, you can also indirectly stake your ADA in CeFi on a brokerage (like eToro) or exchange (like Binance or Kraken).

Finally, you can lend out your ADA on Nexo for a comparable return to staking.