How to Stake Cardano (ADA) in Canada

Staking your cryptocurrency on Coinsquare has never been easier! With our straightforward interface and user-friendly tools, you can start earning rewards from your Cardano (ADA) in just a few steps. Follow this step-by-step guide to stake your Cardano (ADA) on Coinsquare.

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Step 1: Navigate to the Staking Dashboard

‍From the main screen of your Coinsquare account, click on the 'Staking' tab located at the bottom menu.  

Step 2: Select Your Asset‍

Choose the asset you already own and want to stake - in this case, Cardano (ADA). If you don't currently own Cardano (ADA), navigate back to the 'Trading' tab to purchase some.  

Step 3: Choose Your Stake Amount  

Decide how much Cardano (ADA) you'd like to stake. You can manually input the amount or use the quick buttons to stake 25%, 50%, 75%, or 100% of your available Cardano (ADA) balance.  

Step 4: Confirm Your Staking Transaction

‍Take a moment to review and understand the staking terms, including the Estimated Rewards Rate, Bonding Period, Payout Frequency, Unbonding Period, and whether the rewards are Auto-compounded or not. Once you're comfortable with the terms, confirm your staking transaction.

Step 5: Enjoy Your Staked Cardano (ADA)!

‍Congratulations! Your Cardano (ADA) is now being staked on Coinsquare. Remember to check back on the staking dashboard regularly to see the rewards you've earned.  

With these simple steps, you can easily stake your Cardano (ADA) and start earning rewards!