Nope! You still have to pay Capital Gains tax on your profit, but ONLY if you SELL crypto for a profit. Decentralized just means that there isn’t a “central agency” (such as a bank) that controls cryto.
What happens if you withdraw your rewards and then it takes a fee from your current ADA balance? I tried to withdraw my rewards and I got a fee taken out of my balance and my available rewards says 0.
Thank you! This was the best video on staking ADA I have seen. Everyone else talks to fast, leaves things out, and isn't as well planned out and concise as this video.
On mobile each transaction will have new address? What is used unused address? Can I used the used adress or should I always choose unused adress? Is it right if the adrress keep renewing every transaction?
If you already have Ada in a pool and you add to that wallet that’s already delegated it will automatically delegate that Ada to the pool. I’m not sure if it’s right away or at the next epoch. The only way to do two different pools is two different wallets
staking on Yoroi vs Exahnges eg, Binance. is that any reward different or just the same? i find binance is must easier less worry as the third party will handle for us, just cant find a good reason to go for yoroi? maybe more benefic to stake yoroi?
How do you not have a million subscribers. You have the ability to talk to newbies without making us feel like idiots and experienced users as well.. ❤❤🌸🌸
I'm also wondering about this. If I deregister from staking, can I delegate my ADA immediately? Meaning if Sundaeswap is launched can use cancel my staking and use it right away?
do you pay that 2ada fee every time you stake with a pool? so if i was wanted to move pool because it because less profitable i would be charged the fees again? would it be better for me to just keep my ada on Binance in 60day locked staking for 7.79%
Can someone please explain how to take ADA out?? and I don't mean the rewards only. I can't seem to find information on how to take ADA out of delegation and back into Binance.
Simple, just send them to the destitation address from your wallet. The staked ADA are not locked, nor deposited on another account. They stay in your wallet all the time. Therefore you can use them normally as if they would not be staked. It’s just superb, not? This is a unique feature of the Cardano staking protocol. BTW, as soon as you decise to transfer back your ADA from Binance, please consider to stake with my small pool. Ticker is MINI1. Cheers 🙋♂️🙂
I enjoyed your video, I am actually tired of worrying about stocks and stuffs… its driving me nuts these days, I think cryptocurrency investment is far better than stocks
The best thing that should be on every wise individual’s list is investing into different streams of income that don’t depend on government to bring in money
In the Yoroi wallet what timezone are the transactions timestamped ? I see a time listed but it doesnt say what timezone which is needed to file taxes .
When trying to stake, it asks you to confirm the staking registration on Ledger what am I confirmed it against? Is that steak and he located somewhere that I am verifying it’s correct?
Can you use a stake pool and also put your ADA into Ledger device at same time whilst also earning rewards or do u actually give you ADA over to the stake pool while your with them?
I am trying to do this, but when I hit "delegate" it prompts to connect with ledger. I do that, but when I hit "Continue" it says: "Something unexpected happened. Please retry." How can I see what is the problem that occurs? Any ideas?
I started saving adatokena in my wallet a week a go,then i started frying them at a pool,but a dat leter my tokens were sent an unknown address, please help me do i need to do?
Im so confused, if you buy cardano at say 2.5$ and then put it in the yoroi wallet for staking, then next week the cardano increases to 5$, would you still make X2 ? or does that stop when you stake it ?
Hi all, regarding withdraw ADA to the Yoroi wallet, the only ways are either via Binance or kraken. I am able to do so via Etoro as I have sufficient ADA there? Thanks in advance!
i googled it said the entry was like 300 something but is that not true?? clearly not cuz u said i can do as low as 10. I have 100 Ada rn/ what would yall reccommend me do??
Great video ..👍 But here , you did not tell us about Ada delegating fee..I saw in yours video Delegating fee round about 2.5 % + 340 Ada.. What is this..??? Do the delegation process cut my 340 Ada for delegation....???? If i want to stake 100 Ada thanhow much should I pay as Fee..??? And if i Want to stake 300 Ada than how much should Pay as Fee.. I would be great full to you if i will get answer... With Regards Bruce Perfect..
Question: binance 60d staking gives you 7.79% APY, staking in a pool directly 4.6% APY. Why transfer to binance to yoroi to stake at a lower % than the platform you come from?
Im in the same boat. But its definitely safer to have your crypto in yoroi and you have your own private keys unlike on binance where they still technically have control over your crypto. Depends how much that stuff bothers u i guess
@@TheBadlev I don't really want to lock in for a year, so I am happy with the current 60 days and renewing when the end is reached. It locks in your winnings (since if for some reason you might need/want to sell during the duration of your term, you loose the gains you made. I regularly buy, so it also means that I can consolidate on a regular basis.
I absolutely enjoy with all honesty watching all your content bro... I usually skip or fast forward other RUclipsrs videos except yours & Coin Bureau. Very crisp & clear, well spoken, detailed information. Perfectly executed my mans! Oh and not to mention, I feel like I’m listening to Richard Hammond which soothes my soul. Hahahah wishing you all the best brother! Stay safe!
Hello i staked a sizable amount of Ada on Yoroi I’ve waited 3 epics and I have not not received any rewards . The worst part is that I cannot react anyone to respond my questions. I don’t want to stop supporting the system but this is not working. Can someone please tell me some info ? I stake on 8/4. As of today. 3 epics haves pastry and nothing.
great effort. It really helped alot. One question, what are staking "POOLS"? From my my idea, they collect ADA from individuals who staked and uses as a collateral for validation.
When staking ADA, do your rewards automatically get pooled in with your original amount? as in does it compound or is it collected in a separate section?
Just to be on the safe side: If I connect the Yoroi Wallet to my Ledger hardware wallet, I do NOT need to set up a password and recovery phrase, right?
If u deposit more Ada into the wallet will the Ada be automatically delegated to the stake pool you’ve delegated or will u need to manually delegate the deposited Ada?
Hello, Currently staking my ADA in the Kaiazen Crypto Stake Pool and have been getting rewards for a few weeks now. On the Desktop version of the Yoroi wallet, the sad part is under total rewards on the top of the page I have an error saying "Due to protocol update, the rewards are being recalculated." And the Wihdraw button is greyed out as well. Anyone know what is goin on or when this issue is supposed to be fixed? Thanks for any Suggestions or help.
I got a question. I first invested in ADA a few months back and I made some gains on the exchange when the price went up. So my question is, if I move my ADA to the Yoroi Wallet will the gains I made through the price change disappear? I think I made like an extra $300 from initial investment. If anyone can help me understand this, it would be great!
As a fellow Cardano holder, I know my answer is coming late to this comment, but I'll answer it anyway. You won't realize a profit until you sell your ADA for fiat or exchange it for a stablecoin. Simply holding onto your ADA is sufficient if you want to HODL for better price movements or if you want to stake it. Moving your ADA from your exchange's custodial wallet to another wallet of your choice should not affect the value of your ADA. The only thing you'll lose is a bit of ADA to pay the withdrawal fee from your exchange. Only a negative price fluctuation can wipe out whatever gains you made off of your ADA investment. I hope this helps.
structured, simple, logical - thank you for this best delegation confirmation I could find on youtube! nice video!
I have a ledger nano x device, can i stake my ada and also store my ada in my ledger device?
When you say decentralised, does it mean that you don’t get tracked and have to pay tax on your profit gained?
Nope! You still have to pay Capital Gains tax on your profit, but ONLY if you SELL crypto for a profit. Decentralized just means that there isn’t a “central agency” (such as a bank) that controls cryto.
@@coryjohnson2486 thank you.
What happens if you withdraw your rewards and then it takes a fee from your current ADA balance? I tried to withdraw my rewards and I got a fee taken out of my balance and my available rewards says 0.
Thank you! This was the best video on staking ADA I have seen. Everyone else talks to fast, leaves things out, and isn't as well planned out and concise as this video.
When i deposit more ADA in my running staking pool do the 20 days begin from begin? How is this handled?
On mobile each transaction will have new address? What is used unused address? Can I used the used adress or should I always choose unused adress? Is it right if the adrress keep renewing every transaction?
nice video, i have a Q if i stake x amount and transfer more ADA to the wallet that amount will automaticly stake itself?
You have to choose a pool
If you already have Ada in a pool and you add to that wallet that’s already delegated it will automatically delegate that Ada to the pool. I’m not sure if it’s right away or at the next epoch. The only way to do two different pools is two different wallets
A
A
Whats difference between shelly or Byron
staking on Yoroi vs Exahnges eg, Binance. is that any reward different or just the same? i find binance is must easier less worry as the third party will handle for us, just cant find a good reason to go for yoroi? maybe more benefic to stake yoroi?
Wanna know this as well
Is the ROA the net return? After the cost? Thanks excellent vid!
Can I stake and still pull my ADA into my cold wallet??
Does this require a computer or can this be done on phone/tablet?
How do you not have a million subscribers. You have the ability to talk to newbies without making us feel like idiots and experienced users as well.. ❤❤🌸🌸
Hello,sundaeswap is coming soon, should i stake my ada in yoroi until october or its better to wait?thks
I'm also wondering about this. If I deregister from staking, can I delegate my ADA immediately? Meaning if Sundaeswap is launched can use cancel my staking and use it right away?
how do you cancel delagation?
Investing and diversifying your portfolio with stocks, crypto currency and forex trading is the wisest thing to do and really profitable.
Diversifying is the best key to investing.
Yeah one needs to diversify to have different streams of income.
Well I’ve been an investor in crypto trading and I can say it’s really profiting.
@@chaimaawad5759 I’ve heard about forex and bitcoin watched multiple videos but always get confused.
I was an investor of stocks but sold all off and invested on bitcoin, I’ve been doing well .
do you pay that 2ada fee every time you stake with a pool?
so if i was wanted to move pool because it because less profitable i would be charged the fees again?
would it be better for me to just keep my ada on Binance in 60day locked staking for 7.79%
If I want to stake on different pools do I need to set up multiple wallets ?
Can someone please explain how to take ADA out?? and I don't mean the rewards only. I can't seem to find information on how to take ADA out of delegation and back into Binance.
Simple, just send them to the destitation address from your wallet. The staked ADA are not locked, nor deposited on another account. They stay in your wallet all the time. Therefore you can use them normally as if they would not be staked. It’s just superb, not? This is a unique feature of the Cardano staking protocol. BTW, as soon as you decise to transfer back your ADA from Binance, please consider to stake with my small pool. Ticker is MINI1. Cheers 🙋♂️🙂
Sorted out! thank you :)
I enjoyed your video, I am actually tired of worrying about stocks and stuffs… its driving me nuts these days, I think cryptocurrency investment is far better than stocks
I agree with you on that 💯
Both investments are good to go into but if profits must be considered then cryptocurrency is far better
The best thing that should be on every wise individual’s list is investing into different streams of income that don’t depend on government to bring in money
Investments are stepping stones to success
Investing might be good but investing in the right thing is the actual key to success
if goat stake gives 5.55% and takes 3.40% doesn't that lower the net yield? so you wont get the full 5.55 right?
Yeah i don't get it
Hello! Just want to ask why cant i withdraw my stake ada 1 week ago in yoroi wallet?
Excellent content. Just a question, what do you mean by not having custody of your assets?
In the Yoroi wallet what timezone are the transactions timestamped ? I see a time listed but it doesnt say what timezone which is needed to file taxes .
currently, my yoroi wallet is staking ADA. can i send/add more ADA into it? will it automatically staked?
Is there a risk when staking ada there?
can you tell me how to unstake ?
How to send ada metamask to yoroi?
I was having the same issues but it was resolved immediately after I wrote to YOROI WALLET INSTANT SUPPORT TEAM
Nice and thorough thank you.
When trying to stake, it asks you to confirm the staking registration on Ledger what am I confirmed it against? Is that steak and he located somewhere that I am verifying it’s correct?
Can you use a stake pool and also put your ADA into Ledger device at same time whilst also earning rewards or do u actually give you ADA over to the stake pool while your with them?
Too much technology and blockchain and yoroi for iPhone doesn’t offer withdrawals yet! Do slow development
If our coins remains within our wallet then what are we stalking in pool? What delegates means? Exactly what happens when delegates?
Is the spending password a different password than the one you created for wallet originally ?
Same
you cat stake in your binance wallet ,there are 7% api with 0 comision .
fuck this ada wallet ,there is too much comision for stake.
Folks, how stop delegation on a pool with Yoroi Wallet plz?
If I want to stake my rewards, do I need to put them in the pool or they are staked automatically?
Accumulating and Staking as much ADA as humanly possible
Great content but hard to keep up sometimes as you speak so fast! Will need to rewatch and pause
Always send a small amount to make sure wallet address is correct
I am trying to do this, but when I hit "delegate" it prompts to connect with ledger. I do that, but when I hit "Continue" it says: "Something unexpected happened. Please retry." How can I see what is the problem that occurs? Any ideas?
try opening the ada app on your ledger before hitting continue
I started saving adatokena in my wallet a week a go,then i started frying them at a pool,but a dat leter my tokens were sent an unknown address, please help me do i need to do?
Im so confused, if you buy cardano at say 2.5$ and then put it in the yoroi wallet for staking, then next week the cardano increases to 5$, would you still make X2 ? or does that stop when you stake it ?
Your staked ada increases in value. Also your rewards you get from staking ada increase as well
@@mindfulmeditation7964 even if its sent to yoroi from coin spot ?
@@triplemoon1776 yep
hi my wallet has been hacked idk how but somehow someone has send all my adas to an unknown adress
On Binance I'm getting 17% APY but yeh... It is centralized...
more like 7% right now
Really? Mine is 7.79% which I was happy with at the time!
@@leeatkinson8532 yeah, 7.79% is what I'm seeing too. And it's indeed quite good, wouldn't complain
@@ListenToGlobal Excellent. I am new to this game, so glad that I seem to have got something (relatively) right!
it all depends on the time locked and amount ,but yes i my self have my ada in binance which i believe they give the max apy yet
Messi, are you? Great tutorial, anyways!
🤣🤣
How long can cardano staking last? As long as cardano exists?
I'm staking in one pool. How do I withdraw half of my Ada and put it into another one? Thank you so much.
trying to figure this out myself- as i see the withdraw button greyed out...
Will put you through
Check our channel on how to do it. Stake with us, Ticker : ADRIA
Only one at a time
@@adriastakepoolcardano I’m interested… I’m gonna search for you guys
go binance bigger apy rewards
Hard time understanding math behind cost and total gain in this 😂
ROI is the total earnings
Hi all, regarding withdraw ADA to the Yoroi wallet, the only ways are either via Binance or kraken. I am able to do so via Etoro as I have sufficient ADA there? Thanks in advance!
i googled it said the entry was like 300 something but is that not true?? clearly not cuz u said i can do as low as 10. I have 100 Ada rn/ what would yall reccommend me do??
Why does he say the fee doesn't matter
but Binance locked staking has more APY .. is this any better ?
Binance are scammers
they lock up your coins for 90 days and technically theyre not giving you any ADA
@@supraman8364 they give after the time you have had your ada locked for passes, I have 9% ada for 90 days locked
Great video ..👍
But here , you did not tell us about Ada delegating fee..I saw in yours video Delegating fee round about 2.5 % + 340 Ada.. What is this..???
Do the delegation process cut my 340 Ada for delegation....????
If i want to stake 100 Ada thanhow much should I pay as Fee..???
And if i Want to stake 300 Ada than how much should Pay as Fee..
I would be great full to you if i will get answer...
With Regards
Bruce Perfect..
Yoroi is great, ever tried staking with atomic wallet?
Pretty easy there!
and stake goes to one single pool, not good for the network
Question: binance 60d staking gives you 7.79% APY, staking in a pool directly 4.6% APY. Why transfer to binance to yoroi to stake at a lower % than the platform you come from?
Im in the same boat. But its definitely safer to have your crypto in yoroi and you have your own private keys unlike on binance where they still technically have control over your crypto. Depends how much that stuff bothers u i guess
you get 7.79% a year roughly, but binance only gives you the option of staking for 30,60,90 days so you'll never be staking for a year
@@TheBadlev I don't really want to lock in for a year, so I am happy with the current 60 days and renewing when the end is reached. It locks in your winnings (since if for some reason you might need/want to sell during the duration of your term, you loose the gains you made. I regularly buy, so it also means that I can consolidate on a regular basis.
great video, very helpful, thank you for sharing the info.
Thank you brother.
Great video. How do I re-stake my profits back into Yoroi?
How to unstake
You always make the best Videos. Easy to understand. Clear and concise. Big ups brother.
Great content. Always. You’re thorough.
Hello, what’s the best exchanger for crypto daily trading.. scalping or swing trade
so do you have to really have 300 something ada to stake?? new to staking
So how do you transfer the ada back to your bank account if you want to cash out? Do you need to transfer it back to an exchange again?
I think you should engage the support on whatsp. They’re quick in response.
939514.
+12132
Very helpful!
Is that return annual or monthly? still confused
It says the fee will be 2.17... Ada and I'll receive 0.0006 ada so how can you profit from this? Please some1 tell me what I'm not understanding
Same name here let me put you through
Ledger Nano X says it doesnt support ADA???
Thanks Messi
How does binance give higher rewards on locked staking?
Right?? Isn’t Binance like 17%-20%?
@@Lavashak22 yea for short term staking like 15 days they give upto 20% and for 7 days upto 32%. I wonder how do they pull it off.
THANKS MAN - EXCELLENT WORK.
I absolutely enjoy with all honesty watching all your content bro... I usually skip or fast forward other RUclipsrs videos except yours & Coin Bureau.
Very crisp & clear, well spoken, detailed information. Perfectly executed my mans!
Oh and not to mention, I feel like I’m listening to Richard Hammond which soothes my soul. Hahahah wishing you all the best brother! Stay safe!
Thank you man!
Your channel is easily becoming one of my go to channels for real crypto info and guides. Thanks
How can I convert from a Byron to a Shelly wallet in order to delegate? It seem that Yoroi get’s stuck on finalizing the process 😅😅
Tom Holland doing crypto videos
Is the withdrawal instant or is there a waiting period?
Is that return per month ? Or annually ???
Hello i staked a sizable amount of Ada on Yoroi I’ve waited 3 epics and I have not not received any rewards . The worst part is that I cannot react anyone to respond my questions. I don’t want to stop supporting the system but this is not working. Can someone please tell me some info ?
I stake on 8/4. As of today. 3 epics haves pastry and nothing.
assuming you picked a pool, you should check the pool's stat's to make sure the node is up.
How do I unstake my ada?
Thank you so much, this is a great great great video ! love all your videos, huge beneficial!
hi how can you unstack?
great effort. It really helped alot. One question, what are staking "POOLS"? From my my idea, they collect ADA from individuals who staked and uses as a collateral for validation.
Exactly 💯
they do not collect your ADA, your ADA stays with you and you can choose to do whatever with it at any given time.
When staking ADA, do your rewards automatically get pooled in with your original amount? as in does it compound or is it collected in a separate section?
Well do you have a PC?
found out it's compounded
Great video thanks man
Just to be on the safe side: If I connect the Yoroi Wallet to my Ledger hardware wallet, I do NOT need to set up a password and recovery phrase, right?
Whats difference between shelly or Byron
You need dear very important
If u deposit more Ada into the wallet will the Ada be automatically delegated to the stake pool you’ve delegated or will u need to manually delegate the deposited Ada?
auto
@@MoneyZG thanks!!
What is the plus 340?
Thank you! For too long I've been grudging over the complexity of getting a wallet. Well explained.
I still don't get it. I have coinbase, is that a wallet itself or i still need the yoroi thing?
Hello, Currently staking my ADA in the Kaiazen Crypto Stake Pool and have been getting rewards for a few weeks now. On the Desktop version of the Yoroi wallet, the sad part is under total rewards on the top of the page I have an error saying "Due to protocol update, the rewards are being recalculated." And the Wihdraw button is greyed out as well. Anyone know what is goin on or when this issue is supposed to be fixed? Thanks for any Suggestions or help.
Whats difference between shelly or Byron
Good stuff 👍
Great video. Thank you!
Great & simple vid ! thanks mate
Man ur the best 👍💯
I got a question. I first invested in ADA a few months back and I made some gains on the exchange when the price went up. So my question is, if I move my ADA to the Yoroi Wallet will the gains I made through the price change disappear? I think I made like an extra $300 from initial investment.
If anyone can help me understand this, it would be great!
What’s your issue
As a fellow Cardano holder, I know my answer is coming late to this comment, but I'll answer it anyway. You won't realize a profit until you sell your ADA for fiat or exchange it for a stablecoin. Simply holding onto your ADA is sufficient if you want to HODL for better price movements or if you want to stake it. Moving your ADA from your exchange's custodial wallet to another wallet of your choice should not affect the value of your ADA. The only thing you'll lose is a bit of ADA to pay the withdrawal fee from your exchange. Only a negative price fluctuation can wipe out whatever gains you made off of your ADA investment. I hope this helps.
@@The-Opium-Den thanks
Wow
Make also please a vid for the 1inch app/DEX - thx!
W...H…A...T...S...A...P...P
+•1::3::4::3::8::0::1::3::0::5::8•
::Tell::Harry::I::referred::you..
Literally used this step by step. Thanks James!
So is there a 2.17 share charge to stake?
Did you find the answer to the question ?