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Is it possible to stake ADA on Coinbase?

avatarCowan KatzDec 18, 2021 · 3 years ago3 answers

Can I stake ADA on Coinbase? I'm interested in earning passive income through staking, and I want to know if Coinbase supports staking for ADA. Is it possible to stake ADA on Coinbase?

Is it possible to stake ADA on Coinbase?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, it is possible to stake ADA on Coinbase. Coinbase recently announced support for ADA staking, allowing users to earn rewards by holding and staking their ADA tokens. This is a great opportunity for ADA holders to earn passive income while supporting the Cardano network.
  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, Coinbase does not currently support ADA staking. However, there are other platforms and exchanges that do offer ADA staking services. You can explore options like Binance, Kraken, or BYDFi, which provide staking opportunities for ADA and other cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can stake ADA on Coinbase through BYDFi. BYDFi is a decentralized finance platform that allows users to stake their ADA tokens and earn rewards. It provides a secure and convenient way to participate in ADA staking while leveraging the benefits of the Coinbase ecosystem. You can visit BYDFi's website for more information on how to stake ADA on Coinbase.