Choosing the best Cardano staking pool can be difficult since there are thousands of staking pools to choose from.
There are many factors to consider when choosing which stake pool is best for you, including what rewards they offer and the track record of the pool.
In this blog post, we will explore the 7 best staking pools for Cardano (ADA) in 2022 based on:
- Low Fees: Pools with low fees are preferable, as they will allow you to keep more of your rewards.
- Low Server Uptime: It’s best for a staking pool to have high server uptime, as this will ensure that your transactions are processed in a timely manner and you don’t miss out on any rewards.
- High Pledge: You should consider joining pools with high pledge rates, which ensures the best possible returns from your ADA staking.
After reading this article, you will better understand which ADA stake pool is right for you and how you can make passive income from it.
Let’s get started.
What is an ADA staking pool?
A staking pool is a collective of ADA cryptocurrency holders who combine their resources in order to validate new blocks (transactions) on the network.
This is an easy way to earn passive income and support the stability of the Cardano network. By staking your ADA in a pool, you are essentially lending your resources to the network and receiving rewards in return.
Staking in blockchain finance uses your money to validate new blocks (transactions) on the network and contribute to its governance and security. In turn, you receive rewards as passive income for sharing your resources with the staking pool.
How to stake your ADA?
To stake your ADA you first must purchase it from a reputable exchange, such as Coinbase, Binance, or Kraken. Set up a safe wallet like Yoroi or Daedalus once you’ve purchased the cryptocurrency.
With you’re secure wallet setup, send the ADA to your wallet. The best practice for sending crypto to a wallet is to do a test transfer first before sending the full amount.
Now that your ADA is in a secure wallet, you can choose a pool to stake it, pledge a certain amount to the pool, and earn rewards on your ADA holdings.
What Are The Best ADA staking pools?
Based on my findings, the following are the best ADA staking pools in the industry.
Cardanode.io is a low-fee staking pool that has a proven track record of 100% uptime and offers 0% fees as well as high pledge rates.
The best thing about Cardanode is that it is easy to set up and you can enjoy joining a trusted network with no fees.
You can join Cardanode and start pledging your ADA immediately.
- No KYC/ID verification needed
- 0% fees
- High pledge rate
Join Cardanode here: Cardanode.io
ADAvault is a trusted, low-fee staking pool with a track record of reliable rewards. The pool offers low fees and a high pledge rate, making it one of the best options for stakers.
The pool also has high server uptime, ensuring that your transactions are processed in a timely manner.
You can join the ADAvault pool by visiting their website and staking your ADA.
- Low 0.99% fees
- High pledge rate
- High server uptime
Join ADAVault here: adavault.com
Staking247 is a low-fee staking pool where you can monitor real-time node status on their advanced dashboard.
The best thing about Staking247 is the fact that they offer staking 24 hours a day, 7 days a week.
You can join Staking 247 by visiting their website and staking your ADA.
- Low fees
- Stake anytime (24/7)
Join Staking247 here: staking247.com
Flowr is a safe and reliable pool that runs on new, state-of-the-art hardware 24 hours a day, 7 days a week.
The best thing about Flowr is the fact that it has a simple dashboard where you can track your rewards in real-time.
You can join Flowr by visiting their website and staking your ADA.
- 24/7 monitoring
- High pledge rate
- Easy-to-use dashboard
Join Flowr here: flowrpool.com
AzureADA has consistently ranked in the top 3% of best performing pools.
The best thing about AzureADA is their professional team of network professionals available to answer your questions anytime.
You can join AzureADA by visiting their website and staking your ADA.
- Runs on a fast and secure cloud computing ecosystem
- Have over 4.4 Million of their own ADA pledged
- Professional development team at your service
Join AzureADA here: azureada.com
Binance is a large and well-known staking pool with generous staking rates. The robust platform gives you the ability to maximize your rewards with the various financial services it offers.
The best thing about Binance is the robustness of its platform. You can choose lock-in periods or flexible options that allow you to withdraw ADA coins at any time.
Visit Binance’s website and begin staking your ADA right away.
- Competitive staking rewards
- Other financial products and services avaialble
- Flexible and lock-in options avaialble
Join Binance here: binance.com
Daedalus is an open-source wallet for ADA coins that supports staking and is best suited for advanced users.
The best thing about Daedalus is the fact that you can increase your rewards by bringing additional nodes online and choosing a shorter lock-in period to maximize compounding effects.
You can stake your ADA and become a member of Daedalus via their website.
- Open source, easy to use platform with many features available
- Provides full control and operations
- Increase returns by adding more nodes/staking from multiple devices at once
Join Daedalus here: daedeluswallet.io
FAQs (Frequently Asked Questions)
How much can you make staking Cardano?
Staking ADA is a great way to increase your returns and there are no fees involved. The best thing about staking with Cardano is that it’s highly secure, thanks to the decentralization of their network. In general, you can expect anywhere from 0% – 20% returns per year depending on how much ADA you have invested as well as the pool you choose to stake with.
What percentage of Cardano is staked?
At the moment, it’s estimated that around 70% of ADA is staked on Cardano. This number fluctuates daily and will continue to increase as more people start buying and staking their ADA coins.
Is staking safe?
Yes, staking is a very safe way to earn passive income and support the security of the Cardano network. By staking your coins in a pool, you’re essentially helping to validate new blocks (transactions) on the network and contributing to its governance and security. In turn, you receive rewards as passive income.
Why should I stake?
Staking is a great way to earn passive income and support the stability of the network. It’s also an easy way to get started in blockchain finance, as you don’t need to have any technical knowledge or be an experienced miner. All you need is some ADA and a wallet that supports staking.
Conclusion: Best staking pools for Cardano (ADA)
Staking is a great way to support the stability of the Cardano network and earn passive income. The best thing about staking is the fact that it’s easy to get started and doesn’t require any technical knowledge. All you need is some ADA and a wallet that supports staking.
Based on my findings, if you’re looking for a reliable, low-fee staking pool with high pledge rates, then I recommend joining Cardanode or ADAvault. If you’re looking for a staking pool that offers 24/7 stake availability, then I recommend joining Staking247 or Flowr.
Whichever pool you choose, be sure to do your own research and read the terms and conditions before pledging your ADA.