Can You Stake Cardano on Coinbase?
Is Cardano Staking Supported by Coinbase? On Mar 24, 2022, Coinbase announced that Cardano staking is supposed. It is well-known that Cardano is a decentralized third-generation proof-of-stake blockchain platform, which developed through evidence-based methods. Although people may stake Cardano individually or by delegated staking service before Coinbase supports Cardano staking, it is a little bit complicated for beginners. However, staking Cardano on Coinbase is much easier and quite secure for retail investors. How does Cardano Staking on Coinbase Work? The protocol of Cardano offers the holders rewards via Proof of Stake, so you can earn rewards by holding ADA . So, you deposit the Ada token to your Coinbase account. Then Coinbase can stake on your behalf to get the staking rewards for you. As a matter of fact, Coinbase helps connect eligible customers to those platforms to earn rewards from those protocols. The number of rewards is related to th...