This is a step-by-step article on how you can start staking your Cardano ADA coins directly at NBX.
Staking Cardano (ADA) on a cryptocurrency exchange is a relatively simple process that involves the following steps:
1. Create an account with the exchange.
If you don't already have an account with NBX, you must create one. Go to https://app.nbx.com/login/signup and sign up with your preferred method.
2. Deposit ADA onto the exchange.
You can do this by buying ADA directly on the exchange using fiat currency (NOK, SEK, DKK, EUR) or by transferring ADA from another wallet that you own.
3. Enable staking.
Once you have deposited your ADA onto the exchange, you must enable staking. Click on the "Staking" section in the menu on the website or app and select the amount of ADA you want to stake.
4. Wait for rewards.
The staking pool of NBX has historically had an average yearly reward to delegators of over 4% in the last two years. The annual rewards will vary depending on many variables, such as how much ADA is delegated to the staking pool. Over time, rewards are likely to be somewhere around 4% annually.
Overall, staking Cardano on a cryptocurrency exchange is a convenient and straightforward way to earn a return on your ADA holdings by supporting the security and integrity of the Cardano. To read more about our staking services, visit https://nbx.com/en/staking.
This text is intended to inform and is not financial advice.