Staking Cardano ($ADA): How to delegate Cardano with Yoroi wallet

Staking Cardano via Yoroi wallet with Anonstake pool

Anonstake

Published in

Anonstake.com

4 min readSep 25, 2020

Requirements to stake your Cardano ($ADA)

1. Install Yoroi wallet and hold $ADA on Yoroi wallet

Step 1: Access wallet with a hardware device or import/create a wallet

Option 1: Access with your hardware wallet

Make sure you have the Cardano app installed on your hardwallet like Ledger Nano S used in this tutorial. Navigate to Cardano App inside Ledger Nano.

Choose your preferred hardware wallet and “”Shelly-era” which is the current mainnet, if you have funds from incentivised testnet then use Byron-era

Follow the instructions and then confirm the export of your public key by pressing both buttons for the export and the right button for confirmation.

You can also check the video tutorial done for Ledger Nano S and Ledger Nano X: here 🔗 Ledger Nano usage with Yoroi Wallet — Full Tutorial 🔗

Option 2: Create/restore a wallet

Follow simple instructions where you will first (1) define the language you are using and (2) sign the terms of use. Then you have an option to choose the desired complexity of the wallet by (3) choosing “Simple” or “Advanced”. For the purposed of this tutorial, we choose “Advanced”.

(4) Proceed to (4) choose the currency and then an option to (5) create a normal wallet or a paper wallet. If you proceed to (6) choose “Create wallet”, then (7) pick a username and a strong password to create an account. After that prepare, a safe place to (8 )save your recovery phrases! After that, you are set to go!

1. Pick language | 2. Agree to terms of use | 3. Choose the desired complexity of the interface

4. Pick the currency | 5. Choose to create a normal or paper wallet | 6. When you create wallet, pick a username and password

Prepare to securely store and save your recovery phrases.

Step 2: Find Anonstake on your Yoroi dashboard by clicking “Delegation List”

1. Search for Anonstake in the search bar | 2. press “Delegate”

Step 3: Delegate your Cardano to the Anonstake pool

1. At the moment you can only choose one pool and whole balance will be staked with chosen pool.

2. Follow this process in order to confirm the staking transaction using Ledger.

Visit explorers to check your balance was captured correctly:

You can check if everything is as you expected on explorers and check balances, transaction history and more! Visit:

What is Cardano?

Cardano has been pioneered by a team of academics and engineers with peer review papers. It offers a unique approach to scaling and securing a blockchain network with native digital currency ADA which is used for direct value transfer with the capability of handling smart contracts.