What is the minimum ADA required to participate in a Cardano pool?

3 answers

• RiskmanJun 16, 2021 · 4 years ago
  To participate in a Cardano pool, there is no fixed minimum ADA requirement. However, it is recommended to have at least 1 ADA to cover transaction fees and ensure smooth participation. Keep in mind that the more ADA you delegate to a pool, the higher your potential rewards will be. It's important to research and choose a reliable pool with a good track record to maximize your returns.
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• mona gargJun 16, 2021 · 4 years ago
  Hey there! Joining a Cardano pool is a great way to earn passive income with your ADA holdings. While there is no strict minimum requirement, having a small amount of ADA, such as 10 ADA, should be sufficient to get started. Remember to consider factors like pool performance, fees, and reputation before making your decision. Happy staking!
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• SnapMar 17, 2024 · 2 years ago
  When it comes to participating in a Cardano pool, the minimum ADA requirement can vary. Some pools may have their own specific minimums, while others may not have any minimum requirement at all. It's important to do your research and find a pool that aligns with your investment goals. At BYDFi, we recommend a minimum of 10 ADA to ensure optimal participation and rewards. However, feel free to explore different pools and find the one that suits you best. Happy staking!
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