 Welcome to Digital Asset News. Take a top stories in crypto and bring down to bite-sized pieces. Today we're doing a little bit something different. We're going to do a follow-up story about Cardano and why to stake it and why not to stake it and everything in between. So first of all, we're going to talk about ADA, why to stake it and maybe a reason why not to stake it. We're going to talk about exchanges and how they relate to stake service providers and what it is as far as like the pros and cons. We're going to talk about how to download the Daedalus wallet. There's three different wallets you can use. You can use Daedalus, Yoroi, or AdaLite, but in this one we're going to talk about Daedalus to make it super simple. Next to last we're going to talk about ADA transfer, how to get it off exchanges if you want to, into your Daedalus wallet. And the last one is how it just, I think personally, how bring it easy it is to actually delegate to any stake pool service provider that you actually want to. So let's just break it down real quick and just talk about why to stake ADA or why not. Well, first of all, my thing is this, why not stake it? I mean, if you have your Cardano and it's just sitting there or anywhere, whether that be in a cold storage wallet like a ledger or some other type of cold storage device or on any of your wallets on your phone or maybe in exchanges, why not stake it? Because right now, and as it's going for quite some time, you can earn rewards up to four to six percent for doing absolutely nothing for your Cardano. Now, today it is July 6th, 2021. So the price of Cardano is about $1.40. But what if it goes up to like $3 or $4 or $10 or $20? Why wouldn't you start staking it now just to get those rewards? Because unlike Ethereum 2.0, Cardano doesn't never leaves your wallet. You can delegate it to any different service providers or stake pool operators that you want to. You can undeligate, delegate. There is no lockup periods. There's no slashing rewards, nothing like that. It's so simple. And to me, I'm just like, I think you're just leaving money on the table. Now, this is just, this is not investment advice. This is investment opinion. And to me, when I look at these things, I'm always thinking about what have I left on the table to actually make this work out for me? So my big thing is, why not? Now, on the flip side of that, people might be just saying, you know what, Rob, I'm too busy. I don't have time to do all this stuff. I'm just going to keep it where it's at. And that's it. And that is fine. You can do whatever you want to. But if you're willing to invest three to five minutes, let me show you something. All right. So let's talk about the other part here, which is exchanges versus a stake pool operator. So some people will say, well, why even send it off an exchange like a Voyager, like a, I don't know, Celsius, actually, no, Celsius doesn't do it yet. Any other type of exchange, centralized exchange, where I'm actually gaining yield on it right now for doing absolutely nothing. And again, you can do just leave it there. But the thing is I always think about is this. First of all, are they actually staking it? Or are they doing some kind of rehypothecation? Are they giving away to these other types of individuals or institutions to allow them to play with your cryptocurrency? And if they are, they're not, they're not. Remember, you're not in control of your private keys. So if something happens to that crypto, you don't have the private keys, adios, unotos, adios, your crypto is gone. And how many times have we seen these centralized exchanges just up and lose cryptocurrency? So that is just one of the things that I think of. And on another flip side, I always think to myself, I'm never going to leave all my crypto on one exchange or one cold storage device or one warm device. I'm going to try to spread those around. And for the ones that I think are the safest and go from there. So I'm not saying to dump everything into a stake pull operator or to dump it all into one exchange, whatever else. Maybe this is just what I do is just kind of spread things around. So maybe you have like 100 ADA in one exchange, and then maybe 100 ADA for to actually stake it. And just depends on what you want to do. But that's just how I see it. Again, you're not in control. If it's not your private keys, it is not your crypto. And then, of course, if something happens to that exchange, off goes your cryptocurrency, whatever that is, Cardano, Bitcoin, Ethereum, and that's it. And then what I really want to get into now is how to download the actual Daedalus wallet. And that's pretty simple, really, because all we got to do is I'll link this in the description in this video. And you just go to Daedalus wallet.io is part of IOHK and Cardano. And you just click on download, pretty simple. And then they have different versions for Mac or for PC, whatever else, and then you just follow the directions along there. So I'm not going to go over that because that's super simple to do. And again, for this one, you can stake your Cardano in different wallets. Ones that we are usually used to is Daedalus wallet where you have to download the entire blockchain. So it takes a little bit longer, but it's very secure. And it's very easy to use. I like that part. ADA Lite and Yoroi, which is created by a Mergo. So you can do those things. And in the video that I'm going to link to at the very end where we get into the details about DNews and about non-slash awards, how everything stays in the wallet, how we compared everything else, how to actually stake and everything in between, we talk about how to stake with those other wallets. But for this one, just to make it very simple, we're just going to stick with Daedalus wallet, download it, and off we go. So let's do that, shall we? Let's take some Cardano off an exchange. Maybe let's take a look at Coinbase. I think a lot of people have that. Maybe we'll also use Voyager and see how we can transfer it off into our Daedalus wallet and then how to actually stake it. So let me pop over here real quick. And here we have my Daedalus wallet. And on the very top here, or on the right hand side, this is my Daedalus wallet. And it's got my Dan new wallet with 105 whopping Cardano. Fantastic. On the left hand side here is my phone. And I'm going to show you how easy this is to transfer ADA, Cardano, over to your Daedalus wallet. So super simple. So let's start upper left hand corner here. We've got Coinbase. I'm going to click on Coinbase first, then we'll do Voyager and you'll see what I'm talking about. So Coinbase. And I've got my portfolio here. See what it says Cardano right there? I'm going to click on Cardano. And it's going to tell me you own 96 bucks with a Cardano. Watch out. So see where it says trade and then ADA wallet. I'm going to click on the ADA wallet. And in the upper right hand corner, there's two options here. I can click on this barcode, the QR code, or that little arrow that looks like to the right in the upper right hand corner. So really to make this super simple, I'm just going to click on the arrow here. And this is my actual, how much do I want to send? Okay, so let's say I want to send $50 worth of Cardano. That seems pretty realistic. I'm going to click on continue. Then it's going to ask me, okay, well, where do you want to send this to? Which mobile email or address? Coinbase has that functionality, but to show you how this really works and everywhere else. When I go to my Daedalus wallet, I'm in my Dan new wallet. I'm going to receive. I want to send anything. I want to receive Sameda. And there's a bunch of different addresses and based upon, and this is just for security, because once you share this, you can use, you can just say, okay, I don't want to use any different addresses that I've already used before. And it's just a safety measure. So for me, I'm just going to use a new one. I'm going to click on share. And then I can do two things to that QR code. I can put that in my phone and scan it, or I can copy the address. So I'm going to copy the address on this one. And then I'm going to go back to my phone and I'm going to paste it in pasty. And I'm going to take a look just to make sure a seven K and look over here, but a seven K. Okay, so that looks pretty good. Note, I'm going to say, uh, well, coinbase to deadless, whoops, coinbase to deadless. And I'm going to preview the send. And it's going to ask me, is this what you want to do? Do you want to send this to a seven K pay with my wallet? How much are my network fees? Watch out 0.18. So it's going to cost me 24 cents to do that. Okay. And I can click on send now, but just for giggles, let me show you something. Remember that part over here, where we said 50 bucks and I can continue. And then I had two options here. I can put a mobile email or address. If I click on that little QR code right there, I can scan the QR code. So remember that address over here around, I shared it and I can just do this, whoop, scan sucker. And then same thing. Now it's either way you want to do it, either with the, uh, with the long one or the QR code or else, uh, note coinbase to deadless. And that's two ways you can do it. Pretty simple, right? I'm going to click on preview, send. Same thing. Hey, 21 cents. I saved myself three cents baller. And then I'm going to send now. And, uh, and then of course on mine, I have what's a two step verification. I highly recommend that. That is for, let's see here, for the authenticator. So on this one in the very middle right here in between coin stats and voyager, definitely get those. That is, uh, another method of safety. So I'm just going to blur this out and grab this. And I got the code and I pasted in and I submit and success $50 and a penny. This transaction usually takes less than five minutes, which is true. And I'm going to click done. What I'm really curious about is how fast this actually takes because, uh, usually it takes like seconds. So let's see. Oh shoot. I think I got it. So then now I'm on my Dan new wallet. I'm in the receive. I don't really send anything. Summary. Look at that. Wow. Look at that. I received 35 ADA just like that. Just what a time I was talking to you. That's pretty cool. So, okay. So now we have our ADA here, right? I mean, we've already had some ADA here. I just wanted to show you how it's done. Also, that was a coin base. Let's real quick before we delegate, let's take a look at, uh, how to do that in, uh, Voyager. So Voyager, I'm here in my crypto stuff. I'm going to click on Voyager and then you're going to go to where you have your Cardano. Like this is my Cardano. I've got a whopping 15 ADA. Watch out. $20. So see where it says like, you know, it's got a little graphs here. You can do this. I don't know if that says you own 15.9 ADA and it says transfer. All right. I'm going to transfer. I'm going to, I'm not going to deposit. I'm going to withdraw and I'm going to send them where the same place that is sending other stuff. So again, I can click on that button in the upper right hand corner, that QR code, and it would be all over the place. Uh, but on this one to make it simple, I'm just going to, oh man, look at that. And I'm going to paste this in, paste. A7K. Great. And I'm going to send, let's send, uh, 12 ADA. What? No. 12 ADA. 16 bucks. Okay. And then I can slide to withdraw. The fee though is 2 ADA. Just so you know, it's like, uh, like three bucks by math. Well, 280, whatever. And I'm going to slide it. And again, with this, with the, uh, codes, because I don't want to be ripped off. Confirm. Great. Year withdrawal of 12 ADA was initiated. I'm just going to check your check your email to verify your request. So now I have to go back to my email and actually verify that this is just me. I had this set up because I'm crazy and I don't like to lose any crypto. So I have to go to my email and just click on, yes, I agree to this. So let me do that real quick. Stop the video. And here we are in the email and it says confirm or blockchain withdrawal. 12 ADA. It's actually going to be kind of 2 ADA for that. And then confirm the draw. I click on that and that should be it. And withdrawal confirmed. So great. We got it all done. Fantastic. And then we will come over here and check our wallet. And maybe at some point we get the 12 ADA, but that's not the point. The point is just to show you exactly how different, uh, exchanges or different brokerage or different apps are able to transfer to Daedalus. It's all about sending and receiving. And that's really the big thing. So now that we have it, let's go to, let's, let's delegate some of this 148 to a stake pool operator. So on the left hand side right here, we've got our wallet. We've got this little box looking thing. And over here, actually I'm going to show you this real quick. When you click on this voting apparatus, you can actually, this is one of the great things about Daedalus. You can start to vote on the different projects that are coming up. There's a catalyst voting app where she can download on the app store on Google Play. I would scan those and then go from there. But this is how you actually do those things. And of course down here is all the different settings. And that's it. So let's go over here. Let's delegate right quick to some place that we could do it. Ah, look at this. Okay. So here we are. And it looks like we've got, oh, look at that. Dan new wallet was already delegated to hashoshi's stake pool. So let's go over here to stake pools where it says delegation center up here, stake pools at the very top. And I'm delegating to three state pools right now, my own hash hashoshi and meld, which we talked about previous videos. So how to do this real quick. Let's search. First of all, let's go to hashes and let's find a stake pool. I don't know how many of these things. Let's find D news. That sounds pretty good. And then there's D news and then it's ranked and everything else. You can go here. And I'm going to, first of all, I want to make sure I'm getting the right one. So it says D news, official staking pool, digital asset news, powered by Microsoft reserve. Okay. So that's it. And then it gives the website where you can go there to find all the information on how we compared all the different stake pool operators. So I'm going to delegate to this pool right here. Delegate wallet. Follow these steps. Wallet selection, stake pool, delegation. So I'm going to press continue, select wallets. Again, Dan new wallet, continue. And it's going to ask you, look, you've currently selected D news. Choose one of your recent stake pool choices. D news. Okay. And then or select a stake. And it's going to ask you again, do you really want to do this? I'm going to click continue. And then confirm your delegation choice to D new stake pool, staple ID, there's the fees spending password, put that in. Great. And now the stake from your wallet is now delegated to the digital asset new stake pool and blah, blah, blah, blah. So just so you know, when you delegate to these different stake pools, it's going to take a little bit of time to actually get your actual rewards. So in the video that we talked about, make over here in the video that we talked about for the actual staking, which I'm going to link at the very end of this video, we talk about the timeframe, how many epics or epochs, everybody says it differently, and how you do these things, how we compare, how it is with the Yoroi, a light wall and everything in between for staking your Cardano. So that is essentially it the basics. And now we're going to a little bit more intermediate stuff. Again, I will link that at the very end. So that's it for today's video on that if you liked the video and found a little value, give it a thumbs up, that would be great. Also consider subscribing. I think we talked about our time sensitive, like mostly new stories for the day we did some more things just on on Cardano staking. And that is it. So thanks so much for watching. I appreciate it. And we'll see you on the next one.