Are you staking your Cardano on an exchange or on the Cardano Network?

Staking Cardano  ADA is a great way to earn passive income. You can view it as earning interest on your crypto holdings. With some assets, staking means you agree to lock up your tokens for a certain period.

If you are like most ADA hodlers, then you are probably staking your ADA. If not yet, here is a recommendation where you can stake your ADA for a much higher reward.

In case you did not know yet, Binance Staking has launched a new high-yield activity.

Where in you can Stake your ADA, to earn up to 24.79% APY.

How to do it?

You will need to have a Binance account. Deposit you ADA on the Binance exchange and start staking.

You may sign up here if you don’t have an account yet. https://www.binance.com/en/register?ref=13870310

After you sign up you can now deposit your ADA on the exchange.

Once it is deposited you can then start staking your ADA for a much higher yield.  One thing you need to consider is that your ADA will be locked up for 15 days.

Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.

Are you satisfied with the staking reward you are getting? No?

Set up a Binance account now.