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CARDANO A1 STEAK

There are a few options to start staking ADA on mobile easily, but by far, the quicker and easiest is to do so via the official Yoroi app for iOS or Android. It allows you to move ADA from an exchange to your wallet and start staking ADA on mobile to earn rewards.

Staking ADA with Cardano A1Steak on Yoroi Wallet

  1. Table Of Contents

  2. Staking ADA on Mobile Yoroi Wallet in under 10 Minutes

  3. Downloading the Yoroi Mobile App

  4. Create a New Wallet

  5. Save Your Recovery Seed Phrase

  6. Transfer ADA to Your New Wallet

  7. Choosing a Stake Pool to Delegate ADA

  8. Delegate & Staking ADA on Mobile Yoroi App

  9. Calculate Your Potential Rewards

  10. Understanding When You Will Receive Your Rewards

 
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START STAKING ADA ON MOBILE YOROI APP EASILY AND EARN REWARDS IN 10 MINUTES

There are a few options to start staking ADA on mobile easily, but by far, the quicker and easiest is to do so via the official Yoroi app for iOS or Android. It allows you to move ADA from an exchange to your wallet and start staking ADA on mobile to earn rewards.

If you don't like reading, follow the tutorial video. (Coming Soon). We create a new wallet and move ADA from the exchange to our new ADA wallet. If you ever wanted an easy how to stake ADA on mobile guide, this is it.
How to Stake ADA on Mobile Using the Yoroi Mobile Wallet App
This tutorial will go through all the steps you need to take to start staking ADA on mobile. You will learn how to download the Yoroi mobile application, create a wallet, transfer ADA to your mobile Yoroi wallet and start staking ADA on mobile to earn rewards.
To note, this guide will go through the process on an iOS device, but the process should be the same on any Android device.
Total time: 10 minutes

 

DOWNLOADING THE YOROI MOBILE APP

Download the official Yoroi app from the App store. Ensure that you're downloading the correct and real application. It is created by EMURGO, the commercial arm of the Cardano project. You should see the company name when downloading and installing the app, along with all the reviews it has received.

If in doubt, go to the official Yoroi website, https://yoroi-wallet.com/, and follow their links to download the app.

 
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CREATE A NEW WALLET

Once you open the app, you will be given the option to add a new wallet.

Choose ADD WALLET. 


 Byron is the previous era wallet format and is only available for users that created wallets back then and now need to upgrade it to the new format.

 
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CHOOSE CREATE WALLET

 
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Give your wallet a name and create a secure sending password. This password is used anytime you transfer funds or delegate to a pool.

 
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SAVE YOUR RECOVERY SEED PHRASE

The next step will require you to create and store your wallet's seed phrase. This seed phrase allows you to recover your wallet if your device gets destroyed or stolen.
This seed phrase will also allow you to set up your wallet on your computer on any browser that allows for installing the Yoroi extension.
1) Click I UNDERSTAND after reading the details about the wallet recovery phrase.

 
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2) Write down your 15-word recovery phrase in a secure location. Anyone with this seed phrase will be able to access your wallet.

 
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3) Click the next progress screen and accept the terms. Be sure that you understand what you're doing at this point.

 
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4) Reproduce the seed phrase in the Recovery Phrase screen and click continue.


Once this step is complete, you are now in control of your wallet and financial future. You are technically now your own bank. Losing this phrase will mean losing access to your wallet and all funds within it.

 
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DELEGATE & STAKING ADA ON MOBILE YOROI APP

Now that you have your ADA on your Yoroi mobile wallet, you can start delegating and staking your ADA on the Yoroi mobile app.
1) Open Yoroi and click on the DELEGATE menu option.
2) Search for a pool. In the example here, we are searching for our pool A1STK.
3) Click DELEGATE. Please note that there is a small transaction fee at this point to delegate to a pool. If it is your first time delegating with a new wallet, you will be charged a wallet registration fee and the transaction fee. The wallet registration is a 2 ADA deposit. You can learn more about fees on the Cardano network.
4) The next screen will show you the wallet amount that is going to be delegated. Enter your sending password and press DELEGATE.
5) Success! You've now delegated to the A1STK pool. You can check your delegation on the DASHBOARD menu option of the app.

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CALCULATE YOUR POTENTIAL REWARDS

On average, over a year, your return should be about 5% per annum. That is, it will average out to 5% or close to it when staking ADA on mobile over the course of a year. Your rewards are calculated and paid out every 5 days after your stake becomes active and the pool mints a block.

Try out our online Cardano rewards calculator. It will give you an idea of how much you will be earning per epoch and year so you can set yourself a goal and target.

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UNDERSTANDING WHEN YOU WILL RECEIVE YOUR REWARDS

When your staking ADA on mobile to a pool, you will not receive rewards for a few epochs (5 day periods). Your delegation needs to become active and be active when a pool mints a block for you to be counted towards rewards and then have rewards distributed to you.

Check out our podcast about delegation and the rewards cycle for Cardano. Please read over the show notes to get an excellent idea and understanding of how it all works.

Consider Delegating to Our Pool


We're a small, independent single stake pool operator. We've got a long way to go before we are completely self-sufficient and continuously producing blocks for the community. Our stake pool infrastructure costs money and time to support.

Search for us with ticker: A1STK.

Learn how to delegate to us using Daedalus or delegate with the Yoroi wallets.

 

There are no plans available.