Where To Stake Cardano: 10 Best ADA Staking Reward Platforms 2023 (2024)

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Throughout our article, we'll share ten of the best places to stake Cardano, exploring the yields, fees, and overall performance of each so our readers can decide which is best.

Where To Stake Cardano (ADA)

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

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

For a full comparison of the best ADA staking rates between the picks above, skip ahead.

Best Places To Stake ADA Reviewed

1. Binance

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. ByBit

Why we picked it

4.8/5

HedgewithCryptoScore

Next on our list of where to stake Cardano is Bybit. Outside of 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 not wishing to lock their tokens.

Visit ByBit

Trading Fees:

0% (spot), 0.06% / 0.01% (futures)

Currency:USD, EUR, GBP, AUD, CAD, +125 Others

Country:Global (USA not allowed)

Promotion:

0% trading fees for 30 days (spot only)

• Good rates for shorter lock-ups
• Specializes in shorter durations
• Higher yields than competitors

• High minimum pledge
• Limited pool size

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.

3. Kraken

You can pledge 16 supported assets, including Cardano. Although estimated APRs vary between assets, users can expect between 0.25% and 26%. For staking ADA, Kraken offers flexible durations exclusively and rewards of between 3% and 6%, 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.

4. eToro

Instead of locking your assets in a staking pool, eToro takes a snapshot of each user's eligible staking units daily at midnight. At the month's end, eToro calculates an average and pays out rewards. Rather than offering a fixed percentage, eToro bases its yield on the total amount of ADA it generates monthly divided by eligible users.

eToro takes some of your rewards based on the club level. Of the rewards, bronze users keep 75%, silver/gold/platinum members keep 85%, and diamond/platinum+ members receive 90%. Because eToro isn't up front with yields and takes a significant portion of its user's rewards, it’s best suited to novices wishing to earn rewards without manually staking ADA.

Read our full eToro crypto review.

5. Bitfinex

Why we picked it

3.8/5

HedgewithCryptoScore

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 its competitors, Bitfinex could be the perfect exchange for people looking for a simplistic staking platform offering great yields.

Visit Bitfinex

Trading Fees:

0.1% Maker / 0.2% Taker

Currency:USD, EUR, GBP, JPY, TRY, CNH

Country:Global (USA not allowed)

Promotion:

None available at this time

• Higher rewards than competitors
• Simplistic staking
• Massively flexible

• Fees not disclosed upfront
• Rewards subject to change

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 how much commission you pay. Therefore, it's difficult to recommend Bitfinex to investors who value control and transparency, but it's great for people valuing higher-than-average yields and massive flexibility.

6. Crypto.com

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.

7. CEX.IO

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.

8. KuCoin

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 KuCoin offering 3% rewards on flexible staking, it's far superior to Binance or Bybit for people not wishing 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.

9. Yoroi Wallet

Why we picked it

4.3/5

HedgewithCryptoScore

Yoroi is a lightweight software wallet that has been purpose-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.

Visit Yoroi Wallet

Trading Fees:

N/A

Currency:N/A

Country:Worldwide

Promotion:

None available at this time

• Lightweight wallet
• Lots of choices to stake
• Non-custodial wallet

• Not many additional features
• More input is required compared to an exchange

Rather than offering a set reward and handling delegation itself, Yoroi boasts a comprehensive delegation 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, meaning the wallet is great for people trying to earn staking rewards without downtime constantly. 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.

10. Daelalus Wallet

Why we picked it

4.2/5

HedgewithCryptoScore

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.

Visit Daedalus Wallet

Trading Fees:

N/A

Currency:N/A

Country:Worldwide

Promotion:

None available at this time

• Full-node wallet
• Unparalleled control
• Maintains a verifiable transaction record

• Unavailable on mobile
• Huge download size

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 and gives users complete control over their funds, making it the perfect option for experienced users who value customizability and control above all else.

Best Places To Stake Cardano Compared

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

Platform	Fixed Rate	Flexible Rate	Reward Frequency	Rating	Promotion	Website	Review
Binance	2.5%	0.37%	Daily	Rating 4.8 /5	Up to $100 welcome bonus	Visit Exchange	Binance Review
ByBit	3.3%	1.6%	Daily	Rating 4.8 /5	0% trading fees for 30 days (spot only)	Visit Exchange	ByBit Review
Kraken	None	3%	Weekly	Rating 4.8 /5	None available at this time	Visit Exchange	Kraken Review
eToro	None	Variable	Monthly	Rating 4.6 /5	None available at this time	Visit Exchange Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.	eToro Review
KuCoin	3%	None	Daily	Rating 4.6 /5	Up to 500 USDT in bonuses	Visit Exchange	KuCoin Review
Crypto.com	2.6%	None	Daily	Rating 4.2 /5	None available at this time	Visit Exchange	Crypto.com Review
Yoroi Wallet	Pool-dictated	Pool-dictated	5 Days	Rating 4.3 /5	None available at this time	Visit Exchange
CEX.IO	2.6%	None	Monthly	Rating 4.2 /5	None available at this time	Visit Exchange	CEX.IO Review
Daedalus Wallet	Pool-dictated	Pool-dictated	5 Days	Rating 4.2 /5	None available at this time	Visit Exchange
Bitfinex	4% - 5%	None	Weekly	Rating 3.8 /5	None available at this time	Visit Exchange	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

Final Verdict

Throughout our article on where to stake Cardano, we've explored ten of the most popular platforms, highlighting fees, reward rates, and overall usability. While each exchange we've highlighted has merit, Binance took the top spot due to its low fees, high yields, and variety of products. However, if you wish to stake directly from a wallet may prefer Daedalus or Yoroi Wallet.

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