Where To Stake Cardano

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Cardano can be staked using an exchange or wallet for free crypto rewards. Based on estimated annual yield, fees, and security, here are the top places to stake ADA tokens.

1. Binance (best overall way to stake ADA)
2. Kraken (best for ADA staking returns)
3. ByBit (best for flexible and fixed ADA staking
4. Bitfinex (best Cardano staking platform for ease of use)
5. Crypto.com (best for Cardano staking app)
6. CEX.IO (best place for UK investors to stake Cardano)
7. KuCoin (best for ADA fixed rates)
8. Yoroi Wallet (best ADA staking wallet)
9. Daedalus Wallet (best staking wallet for Cardano)

To compare the best ADA staking rates between the picks above, skip ahead.

Best Places To Stake ADA Reviewed

1. Binance

Binance is the world's largest exchange and a go-to destination for staking or buying Cardano. Binance has earned its spot on our list of where to stake Cardano (ADA) thanks to its offering options to cater to all kinds of investors, including its protected Simple Earn program and its more risky/rewarding Dual Investment system.

One of the best crypto-staking platforms, Binance supports multiple earning products. You can pledge their ADA using Simple Earn to attain rewards of 0.37% to 3.6% APR based on pledge time. Minimum requirements range from 0.01 ADA to 1 ADA, and maximums from 20,000 to 800,000 ADA.

With its range of products and excellent flexibility, Binance is the best place to stake Cardano. Moreover, the exchange boasts a trading fee of just 0.1%, meaning you can cheaply buy ADA to pledge. Furthermore, Binance.US has launched a staking program enabling US-based ADA holders to earn up to 1.30% in rewards for staking ADA.

Read our Binance and Binance.US review for more details.

2. Kraken

Kraken is a top exchange to sell Cardano. While the FinCEN-licensed platform offers staking, you must use Kraken Pro to access the feature. As such, beginners may prefer a simpler platform to stake their Cardano.

You can pledge 16 supported assets, including Cardano. Although estimated APRs vary between assets, users can expect between 0.25% and 26%. Kraken offers flexible durations exclusively and rewards of between 3% and 6% for staking ADA, making it highly rewarding for short-term staking.

Rewards are paid weekly, meaning you don't have to wait long to begin accruing rewards. While Kraken is one of the best choices for flexible ADA staking, US-based investors cannot use the service and must find an alternative, like the Binance.US exchange.

Read our full review on Kraken.

3. ByBit

Next on our list of where to stake Cardano is Bybit. In addition to providing access to spot and derivatives markets, Bybit offers many staking products customers can use to earn rewards. With APRs ranging from 1.14% to 126.09% based on duration, Bybit is the best option for people who prefer flexibility, as it offers larger rewards for users who do not wish to lock their tokens.

Bybit previously offered a 1.10% APR for flexible-term customers. However, the company has upped its rates significantly to 1.60%. Bybit doesn't offer fixed-term lock-ups longer than 30 days. However, Bybit offers 3.30% APR for 30-day delegation periods, far higher than Binance's 2.5%.

Although Bybit offers better rates than Binance for short-term staking, the exchange has a fixed pool size with around 350,000 ADA remaining. Furthermore, Bybit has a high minimum staking requirement of 60 ADA and a maximum of 500,000 per customer. While closely tied with Binance, its higher minimum pledge and lower pool size limit Bybit to the number two spot.

Read our Bybit review for details.

4. Bitfinex

Despite being less popular than industry titans like Binance and Bybit, Bitfinex remains an excellent all-around exchange offering many atypical features. Although fewer staking products are available than those of its competitors, Bitfinex could be the perfect exchange for people looking for a simplistic staking platform that offers great yields.

Bitfinex offers soft staking, meaning you can withdraw funds anytime or trade using staked assets as collateral. Including ADA, Bitfinex supports ten staking assets. While rewards are estimated and subject to change, Bitfinex offers around 4.5% per year for pledging ADA.

Bitfinex does not disclose the percentage of user rewards it takes, making it challenging to determine the commission you pay. Therefore, it's difficult to recommend Bitfinex to investors who value control and transparency, but it's great for people who value higher-than-average yields and massive flexibility.

5. Crypto.com

Crypto.com is a widely known global digital asset service provider. It is divided into an exchange and a mobile app, offering mostly different features. However, both versions of Crypto.com offer staking on the Cardano blockchain. Furthermore, Crypto.com offers one of the most intuitive mobile apps, making It perfect for on-the-go investors.

Despite being a world-renowned exchange, Crypto.com's staking features lack the control or accessibility of other platforms. You can stake seven different cryptos for rewards of 2.6% to 11.39%. However, ADA only has an estimated APR of 2.6%. Thankfully, however, Crypto.com does not impose a minimum duration or token requirements.

Although Crypto.com offers flexible staking, an unbonding period of roughly one day is expected when unstaking ADA. Furthermore, Crypto.com offers true on-chain staking, meaning tokens will be secured on the blockchain in a dedicated wallet. However, Crypto.com charges a 20% fee for ADA staking, meaning it best suits mobile-only investors looking for a secure staking app.

Read our full review on Crypto.com.

6. CEX.IO

CEX.IO is a UK cryptocurrency exchange allowing users to buy, sell, trade, and stake cryptocurrencies, including ADA. With an arm of the company being registered in the UK and exchanges like Bybit withdrawing their services from the region, CEX.IO is a strong choice for UK-based investors wishing to stake their ADA without facing issues in the future (apart from regulations).

CEX.IO supports 14 staking assets, including Cardano. The company offers a 2.5% yield for users who pledge ADA using flexible staking. The company also offers automated staking, with much lower rewards of 1%.

While CEX.IO previously offered only monthly payouts, users now receive daily rewards, meaning you can easily transfer your earnings to a hardware wallet. While the exchange is suitable for staking, it offers lower rewards than Binance or Bybit, meaning CEX.IO best suits people who value staking with a UK company above earnings.

Read our full review on CEX.IO.

7. KuCoin

Another leading cryptocurrency exchange offering Cardano staking is KuCoin. The platform is an all-in-one exchange offering many features outside of staking and trading. It offers many staking/earning products, including dual investment and savings, making KuCoin a good option for anyone who values choice.

Regarding Cardano staking, KuCoin offers six products, although only one is true on-chain staking. Rewards range from 1% to 4%, with traditional staking earning users 3% – the highest reward rate of any non-limited ADA product. Staking uses a flexible term, meaning users can easily access their funds.

With 3% rewards on flexible staking, KuCoin is far superior to Binance or Bybit for people who don't wish to be locked into any contract. However, KuCoin is an unregulated exchange that has faced issues in the past, including a $280 million hack. Therefore, if you value security, you may prefer another platform.

Read our full KuCoin review.

8. Yoroi Wallet

Yoroi is a lightweight software wallet that was created for strong, transferring, and staking Cardano. The beginner-friendly platform is available on mobile and desktop as a browser extension, meaning people staking ADA can monitor their investment anywhere in the world. Furthermore, Yoroi doesn't download the entire blockchain, making it great for people with poor internet access.

Rather than offering a set reward and handling delegation, Yoroi boasts a comprehensive list of various Cardano staking pools so users can browse available options, check costs/ROA, and select the best stake pool. During testing, we found returns were, on average, between 3% and 3.4%. However, tax varied greatly from 3.5% to 0%.

Yoroi requires a 20-day grace period for pools to approve a delegation to avoid network overloading, making the wallet great for people trying to earn staking rewards without constant downtime. Furthermore, the wallet is non-custodial, so users have total control over their private keys, meaning Yoroi is not susceptible to cryptocurrency exchange hacks, unlike platforms similar to Binance.

9. Daelalus Wallet

Rather than taking the approach of Yoroi Wallet and providing a streamlined service, Daedalus is a full-node wallet that maintains a copy of the entire Cardano blockchain to verify transactions independently. While this approach improves security and is a good option for advanced users, it's only available to desktop users with 100-200 GB of storage, as the whole blockchain must be downloaded.

Being a full Cardano wallet, Daedalus users are free to browse through every pool to find one offering the best mixture of rewards, low fees, and a reasonable lock-up period. Rather than staking ada on an exchange, Daedalus does not dictate rewards. It gives users complete control over their funds, making it the perfect option for experienced users who value customizability and control above all else.

Cardano Staking on Exchanges Compared

The table below compares the best places for Cardano staking in terms of fixed rates, flexible rates, and reward frequency. These figures are estimates only, and they do not take into account the network inflation metrics. Actual rewards can be lower than what is stated here.

PLATFORM	NUMBER OF COINS	STAKING FEE	RATING	PROMOTION	WEBSITE	REVIEW
Binance	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
ByBit	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review
Kraken	None	15%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
KuCoin	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.6 / 5	Up to 500 USDT in bonuses	Visit KuCoin	KuCoin Review
Crypto.com	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Crypto.com	Crypto.com Revie…
Yoroi Wallet	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.4 / 5	None available at this time	Visit Yoroi Wall…
CEX.IO	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit CEX.IO	CEX.IO Review
Daedalus Wallet	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Daedalus W…
Bitfinex	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 3.8 / 5	None available at this time	Visit Bitfinex	Bitfinex Review

How To Stake Cardano

You can stake Cardano (ADA) on a crypto exchange by following these steps:

• Create an account with a reputable crypto platform like Binance
• Purchase or transfer ADA tokens to a wallet
• Navigate to staking and select ‘Cardano'
• Choose a staking duration (e.g., 30, 60, or 90 days)
• Enter the amount of ADA tokens to stake
• Click on ‘Stake now' to finalize and begin earning Cardano rewards

Frequently Asked Questions