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[–]conraddit 580 points581 points  (74 children)

And imagine when you have local currencies running on it, with payments via NFC, QR code, via chat apps, etc., on mobile wallets, without users ever knowing that there is a blockchain behind the technology, fueled by Ada.

[–]butidfk 268 points269 points  (62 children)

This is my biggest reasoning for why ADA will succeed. Other coins claim they have the biggest dev and community but I ask “ok so what normal people are actually using it?” ADA is the one made to be used by normal folk without them even knowing they’re using it.

[–]Geltmascher 129 points130 points  (37 children)

I was impressed by how easy the wallet was to use and stake with.

[–]ZenoofElia 56 points57 points  (29 children)

Yes this is all easy. BUT choosing who to stake with has me lost.

[–]Aresoprimaltho 18 points19 points  (22 children)

why, what are you confused about?

[–]ZenoofElia 18 points19 points  (21 children)

Sorting out the highest yields. I had thought it was about pool margin % so I searched for the highest one I could find. Now I understand that saturation has a lot to do w it as well as associated fees.
Just learning all this and started staking 2 days ago and went with Eden w 5% pm. Now unsure if that's gtg based on saturation.

[–]modiggidy 87 points88 points  (9 children)

I pursued setting up a stake pool. I got it up and running but after doing the research I realized in order to really make it worthwhile I’d have to put a lot of work into promoting, marketing, etc. I closed it down but the silver lining is I got to really understanding staking and the advantages of one pool over another... and here it is: in the end, it all really balances out the same. A pool with 30m delegated will make you the same as a pool with 30k delegated. However, the pool with 30m delegated will earn you rewards daily, whereas you may go for months without earning one single ada with a 30k pool. However, when you do finally get a reward, it will be a substantial one. I guess the advantage of delegating to a large pool is that you earn rewards daily so you know the pool is up and properly running. The advantage of delegating to a smaller pool is you are supporting a small business. I’d suggest if you delegate to a smaller pool then it’s a benefit that you actually know the person running it so that you can be confident they know what they are doing. There are other minor variables like fees which the stake pool operator can adjust to reward themselves more ada for each block mined, but the amount turns out to be rather insignificant to the delegator unless you have delegated a massive amount of data. If you haven’t visited pooltool.io then that is a good resource with more info about stake pools.

[–]TheGeNi 10 points11 points  (2 children)

Wow, thanks for explaining this. I just started to deal with crypto and still need to learn a lot.

So does that mean the stats, running costs and saturation are completely irrelevant?

[–]the__itis 23 points24 points  (4 children)

Not exactly true. I ran a pool with 125k ADA for 10 weeks. I didn’t get a single block. Numerically, I should have gotten at least 1. When I did research, I found that nearly all pools with an active stake size under 1.4m had never gotten a block. The ones that had were in the first 100 eras, but not since.

You have to select a pool that has more than 1.4m to gain any return on staking.

[–]modiggidy 11 points12 points  (2 children)

Yes and I forgot to mention that there is also luck involved. I did see the community stating that they were not seeing adequate rewards for small pools. Something to the tune of “if you are running less than 1 million you’d have a hard time seeing any rewards”. So 1.4m would be about consistent with what I read.

[–]the__itis 14 points15 points  (1 child)

Yup, and when they say luck, in the 10 weeks (14 Eras) I saw 1 block go to a pool under 1.4m.

A single block

[–]thatguykeith 2 points3 points  (0 children)

That’s good info!

[–]ZenoofElia 4 points5 points  (0 children)

Thank you for this!

[–]E_Des 3 points4 points  (1 child)

I don’t know much about how it works, but I have tried 4 different pools. My strategy now is to stake in the top 75-150 stake pools that is around halfway saturated and just stick with it. I don’t wanna be thinking about it and don’t want to spend hours and hours finding “the best” one.

[–]TheGeNi 2 points3 points  (1 child)

Okay, I was in the same situation 3 days ago and did exactly what you did... :D I will have a look into this again tomorrow. Are you planning to change anything?

[–]ZenoofElia 2 points3 points  (0 children)

Not planning to change it as of now. I want more info and trajectory first.

[–]Syncopat3d 2 points3 points  (2 children)

A simple way is to do this: In Daedalus on your PC, go to staking and pick the wallet to stake, so that they update the slider with the staked amount. Wait for Daedalus to update the information and you will see stake pools ranked in descending order of expected reward together with the expected reward values. Stake pools that appear earlier have higher expected rewards but they also tend to be more saturated and thus have higher risk of becoming over-saturated and thus suboptimal for staking. Pick a stake pool that you think you can stick with for a while so that you don't need to keep switching when it becomes unfavorable, e.g. over-saturated. The main point is that you can refer to the expected reward without doing any complicated calculation on your own.

I don't know what staking UI features Yoroi offers.

[–]Locust094 3 points4 points  (0 children)

I've found that people tend to balance out the oversaturated pools themselves so it's not too big a deal to just pick a pool and stick to it. It'll say oversaturated from time to time but by the time it's locked in for the next epoch it's usually back in line. Plenty of people taking this serious enough to let casual stakers fire and forget.

[–]JDepinet 2 points3 points  (0 children)

don't stress so much about yields. much of the process has an element of randomness to it.

what you are looking for is a pool that has very high reliability, a moderate live stake, and low fees. anything under 5% total fees is fine.

pool pledge was intended to give some insight into the SPO's commitment to the pool, but that hasn't really worked out. overall history seems to be more useful.

just remember that you shouldn't just stake and forget, you should check your stake at least every 15 days, once a week is better. this lets you know how things are doing if your SPO has changed fees to rob you and if they are retiring the pool.

returns will vary around 4-6% normally, larger pools closer to saturation will be more consistent, but the long-term average will be the same for all pools.

[–]Adorable-Emu-9630 5 points6 points  (0 children)

I may not have chosen the best route but delegated to a local high school pool (307pool) hopefully it helps in their learning.

[–]libinpage 1 point2 points  (0 children)

It’s same as choosing the bank. Got to move some wrinkles

[–]NinjoeWarrior 63 points64 points  (2 children)

For how confusing crypto can be to people, cardano is one of if not the easiest to understand and use

[–]rimjob-chucklefuck 1 point2 points  (0 children)

Yoroi is great. I went from noob to staking in about 5 minutes, tops

[–]mcalr3 13 points14 points  (14 children)

What about NANO, though? Would it not win over ADA because its feeless?

[–]CJJ9512 23 points24 points  (7 children)

From my understanding, fees are actually an integral function of a blockchain. If there were no fees required on a blockchain, theoretically people could send transactions back and forth to each other, thus clogging up the network and causing the hash rate to decline. If that were scaled up, it could cause serious problems for transaction speed on the blockchain in question. Having fees encourages participants to be mindful of their transactions and not send their coins between wallets just for the sake of being malicious. If I am wrong about this please let me know. I'll have to reallocate some of my crypto...

[–]gotostaking 15 points16 points  (1 child)

You are somewhat mistaken about how Cardano and Nano work. First of all, Cardano is proof of stake, not proof of work, so there is no hashing involved. But, you are correct in the fact that no fees would clog the network as the pools will have to crunch potentially a ridiculous number of empty transactions.

Now, NANO is a completely different beast. It is built on a Directed Acyclic Graph (DAG) so there is no clogging. You can have as many transactions as you want. However, nothing is free and the blockchain and DAG have their strengths and shortcomings. DAGs can literally grind to a halt when there are no new transactions as they need new transactions to verify the old ones. So, pick your poison :)

[–]CJJ9512 4 points5 points  (0 children)

Thanks for the clarification and insight friend. Appreciate the knowledge!

[–]BrownBaggedLunch 3 points4 points  (2 children)

This is not exactly true. It has been under a spam attack but the next update will prioritize transactions such that it will no longer be vulnerable or worth it to spam the network.

[–]mitreddit 1 point2 points  (1 child)

this is my understanding as well, any nano fans have a response to this issue?

[–]MyAccountForTrees 6 points7 points  (3 children)

Other coins claim they have the biggest dev and community

I believe this is because other coins need a lot more development and support (ahem...er, hype). Cardano is already good enough, as is.

[–]minombreesari 1 point2 points  (1 child)

Can you elaborate? Would love to see some examples of consumer ready services on Cardano. What's the best app to use to pay with ADA? Also would you know which DEXs are accepting Cardano as collateral for loans?

[–]Gee10-83 4 points5 points  (1 child)

When you have local currencies running on blockchains you can be sure as hell there will be government

[–]conraddit 4 points5 points  (0 children)

No doubt in my mind that governments will be involved. This is when the fun stuff will actually start

[–]phyLoGG 67 points68 points  (5 children)

That's the power of CRYPTO. Not just Cardano. But I'm glad you did it with Cardano. :)

[–]herhusbandhans 15 points16 points  (3 children)

In principle, but have you tried using Bitcoin lately? Slow and very heavy = horrible user experience.

If ADA stays easy and nimble it has a big advantage over other big caps going forward.

[–]phyLoGG 5 points6 points  (0 children)

Nope. I've never transfered BTC actually. But I hear it's ridiculously slow. Lol

[–]Asafffff 5 points6 points  (0 children)

Bitcoin is not considered anymore as a method of payment, but as a store of value because of this. If you want to compare a crypto that is good for payments, you can try XLM or Nano with almost no fees.

[–]Effin_Kris 279 points280 points  (49 children)

I buy weed like this

[–]NevadaLancaster 85 points86 points  (2 children)

This is the way.

[–]Anxious-Ferret8437 14 points15 points  (1 child)

This is the way

[–]CryptoBehemoth 5 points6 points  (0 children)

This is the way

[–]ScucciMane 101 points102 points  (36 children)

You are probably going to end up paying 1000 bucks for a sack in the end

[–]MyAccountForTrees 101 points102 points  (6 children)

I spent 8 BTC on a gram of ketamine in 2012. We live some, we die some.

[–]roccnet 21 points22 points  (0 children)

Lol i did the same but for lsd. I think btc was like 20$ when i did it

[–]flippiebippie 8 points9 points  (2 children)

At least you’ve got a good story out of it!

[–]amak5_ 12 points13 points  (0 children)

A story worth half a million

[–]MyAccountForTrees 2 points3 points  (0 children)

It was esketamine so I’m a little less raw about it.

[–]dannypas00 109 points110 points  (1 child)

Nah, he spent $10 on ADA which he handed to the dealer.

When I go to the subway and buy me a sub, I'm paying 4 dollars or whatever it costs right? I'm not paying in 10x my forefathers' yearly salary.

[–]Nunthius 43 points44 points  (15 children)

Not really. If you instantly replenish your 'spending crypto' after a buy, price increase does not play a role.

[–]therealestx 18 points19 points  (13 children)

The best use case for ADA isn't as a currency, in my opinion. It should be used to pay for transactions for DAPPS running on the network, ala etherium, and BSC but much safer and faster. I would have the ability to stake ADA on a native DEX to earn other promising coins from great upcoming projects.

[–]Nunthius 39 points40 points  (11 children)

With ADA, I agree. But I dislike the general "don't use cryptocurrencies as currencies because you might end up being the one who paid 1k$ for a pizza" argument as this discourages people from getting any actual use out of crypto other than trading it. While crypto is superior to Fiat in so many ways.

[–]arty5ta 23 points24 points  (0 children)

The key is not Only to pay in crypto but also to get paid in crypto.

[–]fukuokaite 8 points9 points  (0 children)

I'm so glad to see someone make this point. Every Papa John's order made that day could have been spent on bitcoin instead.

If we're not going to spend crypto because it will be more valuable later, the same is true of any purchase that isn't crypto.

Which, I suppose, is kind of how I treat every purchase these days, but that's not my point.

[–]mosehalpert 6 points7 points  (0 children)

Just so you know man, at today's prices he spent $600,000,000 on pizza, and it was for two of them

[–]therealestx 5 points6 points  (6 children)

I see where you are coming from but right, crypto is way too volatile to be used as currency. Perhaps if we are talking about stable coins, yes.

[–]JesusSwag 11 points12 points  (1 child)

I think the general argument is that the more people use it as a currency, the more stable the price becomes long term

[–]Wildercard 8 points9 points  (3 children)

ngl I'd happily do my daily groceries with Tether

Which actually makes me wonder, what do all the people working in banking feel like right now? When big part if not entireity of their job can be replaced with a smart phone and a Twitter account?

[–]HughHarsher 2 points3 points  (0 children)

It’s becoming one of the obsolete jobs when machines take over. The smart thing nowadays is to learn coding, not book keeping!

[–]ScucciMane 1 point2 points  (0 children)

Crypto is superior, but like someones reply said to you, converting the ADA to stablecoin would've been waaay smarter I think

[–]trollhunterh3r3 2 points3 points  (0 children)

Bingo! It can not be a currency simply due to the fact it has high tx fees. Sending money should be free, I mean i send my fiat free of charge that should be the same for ancrylto currency or close to zero. Cardano is a Platform and ADA is its "currency" like what oil is to the engine.

[–]mitreddit 1 point2 points  (0 children)

what are the best crypto's with a stable coin pairing that allow you to instantly and cheaply transfer part of your investment coin into it's stable coin pairing for payment?

[–][deleted] 15 points16 points  (3 children)

I haven’t called weed a ‘sack’ in so long.

I really miss those high school scores. You had to get in some weirdo’s parents’ car and chit chat about god knows what. Then you inevitably smoke a bowl together and eventually the conversation veers off into territory you were unprepared for and you give them a high five and fucking bolt before it gets more awkward.

I’d always go to a friend’s house after and pretend I didn’t score. Then I would pull out the sandwich bag and say ‘Daddy Fatsack!’ real creepy like and slap it down on the tray.

Now I just buy little cartridges and get blasted out of my shoes at red lights . . . legally.

I love this country.

[–]veRGe1421 6 points7 points  (1 child)

I don't think you're supposed to get blasted while driving lol

[–]twahl1887 1 point2 points  (0 children)

👏 Amen! 🥳

[–]Effin_Kris 2 points3 points  (4 children)

No. That’s not how using crypto works. Inflation isn’t a factor once you buy with it.

[–]ScucciMane 7 points8 points  (3 children)

it's not inflation it's the fact you will have incurred a type of unrealized gains where that 50 ada or whatever you used to cop an 8th could've ended up worth a lot more in the future, thus you retroactively paid 1000 dolars or whatever for something that cost you 50 now

[–]Danimal8374 1 point2 points  (1 child)

Right. And that is a negative only if you never get paid in crypto for a good or service.

[–]Kart06ka 1 point2 points  (0 children)

But it cost him $1

[–]Shaw0xKey 14 points15 points  (0 children)

You get weed from your brother and him not asking anything in return? Noice :D

[–]fverdeja 1 point2 points  (0 children)

Now that's a real use case

[–]Shaw0xKey 140 points141 points  (25 children)

Years from now, let's just hope we're all going to remember this event as the new pizza day. The ADA old laptop day. :)

[–]snekCaseUser[S] 56 points57 points  (24 children)

I volunteer as tribute! I'd honestly be so happy, love my brother he deserves it. It's his to hodl now!

[–]Shaw0xKey 14 points15 points  (22 children)

Thank you for your sacrifice. And now we wait... :D

Also, don't forget to help your brother stake the ADA if he decides to keep them.

[–]igettop 3 points4 points  (21 children)

Where do you stake it? Been wanting to but get conflicting information

[–]Shaw0xKey 9 points10 points  (20 children)

You can use either Daedalus desktop wallet or Yoroi mobile/browser wallet. Staking in your own wallet makes the network more decentralized than staking with the exchange.

To learn more, visit the official page: https://cardano.org/stake-pool-delegation/

[–]reyemh 7 points8 points  (12 children)

Hey I've got a pretty specific staking question! If I stake my ada in yoroi, will it remain staked if I move the ada back to coinbase? I like it in coinbase because I like looking at the charts lol

[–]Shaw0xKey 5 points6 points  (8 children)

Yes and no. Although you do stake your wallet and not the ADA it contains (it never moves from your wallet), at the beginning of every new epoch a snapshot is taken with all the delegated coins. This snapshot is then used for calculating the rewards after the epoch is finished five days later. The calculation takes time, which is why you have to wait 15-20 days for your first reward to arrive (and any change in your wallet balance to take effect).

So, if I am not mistaken, yes, it will remain staked until the end of the current epoch, but after that it will get unstaked and you will receive only the reward for that one epoch.

Take note that each staking (or redelegation) costs transaction fees. You do get back your deposit (2 ADA), though.

[–]reyemh 1 point2 points  (2 children)

Thanks so much! I've got about 10k ada and I've been trying to figure out whether or not it's worth staking. Taking into consideration reporting taxes and such for gains, not sure if it's enough to be worth it! Appreciate your take!

[–]VLHLA-CardanoPool 3 points4 points  (0 children)

It's always worth staking in my opinion. You will Contribute much for Cardano network.

[–]ritty44 4 points5 points  (0 children)

Worth it! You should be getting around 500 ADA per year from staking.

[–]Jolly_JuiceXXIIV 1 point2 points  (2 children)

I buy ADA on Voyager during the dips, once I get to my set number of coins, I transfer to my wallet, leaving one coin on Voyager to keep it in my profile, to watch the price.

[–]igettop 1 point2 points  (6 children)

I really appreciate you!

[–]Shaw0xKey 4 points5 points  (4 children)

No problem.

Once you choose a wallet, make sure to download via the official website. There are a lot of scams. There is no Daedalus mobile wallet. And there are no ADA giveaways. If you're unsure, ask away.

Stay safe!

[–]AheronamedHawk 2 points3 points  (3 children)

Thanks, i allready downloaded my wallet and think it was the official one (googled yoroi) Now i have the app in my browser. How do i check its a proper yoroi wallet? Thank You for your guidance🙏🏻

[–]Myrothas 1 point2 points  (1 child)

If you got the Download from https://yoroi-wallet.com/#/ - you should be fine. Otherwise, download from there. Its the official Website.

[–]ppc-hero 2 points3 points  (0 children)

Hes gonna sell it for two pizzas and a taco dinner.

[–]ridingRabbi 32 points33 points  (9 children)

With all the technology we have the fact that it takes three whole days to withdrawal money from a bank is freaking ridiculous. It's like airlines still using propellers.

[–]carutsu 4 points5 points  (5 children)

The US is particularly outrageous, i have an account there and everything is slow and painful. In Mexico is pretty much instant and the apps are pretty decent (bbva is awesome). But yeah i can see international wires being way better.

[–]ridingRabbi 4 points5 points  (2 children)

I have a business partner in Germany who often tells me just how behind the U.S. is with fintech.

[–]carutsu 2 points3 points  (0 children)

It's mind-boggling. I have to call print and sign and scan 2 documents then wait for them to call me just to do a single wire.

[–]Tylo_Ren_69 90 points91 points  (19 children)

I just bought my first 100 ADA yesterday

[–]VLHLA-CardanoPool 9 points10 points  (7 children)

Congratulations, now remember to Stake it ;)

[–]PopCultureNerd 3 points4 points  (3 children)

What is the best way to stake it?

Note: My laptop is getting pretty old so I'm hesitant to to download anything extra.

[–]VLHLA-CardanoPool 4 points5 points  (1 child)

You can try Yoroi wallet, it's a light wallet so you don't need to download much data.

[–]Soopsmojo 1 point2 points  (2 children)

Why stake? The rewards seem pretty low

[–]vermaelen 1 point2 points  (0 children)

There's no reason not to do it if you are holding it long-term.

[–]VLHLA-CardanoPool 1 point2 points  (0 children)

Well it depends on how many ADA you have. The 5-7% RoA is pretty good in my opinion.

[–]Danimal8374 9 points10 points  (5 children)

Be careful, it’s addicting. I started w/ 100. Now I’m up to 3k and putting everything I can think of on CL and OfferUp to buy more.

[–]omegatek 11 points12 points  (0 children)

I mean... Long term, it's not a bad idea.

So much upswing and we're still super early to crypto.

Mainstream is probably 5 years out still... and by that I mean, 25%+ of the US population actually using it. We're in a time where the internet just came out and a few website companies are barely releasing working products, like Paypal in 2000, Myspace, Yahoo, etc... we have a long way to go before the Netflixs, Reddits, Twitters, Youtubes of the crypto world are actually used by people and generating tons of revenue.

[–]bern_trees 2 points3 points  (1 child)

I picked up my first ADA at .90 and let’s just say that nice up tick in price has me buying even more. First project I actually believe in.

[–]Tylo_Ren_69 2 points3 points  (0 children)

After the silly Doge i bought as a fun joke last year made me some money this past week, i started gettimg more interested in cryptos. I didnt understand them or what a bitcoin was, and was super intimidated. Bit after a week of reading people's comments, something about the sentiment around it just made me feel really good about Cardano. I still need someone to sit down with me and explain what i even bought because thats the only way more smooth brain wrinkles. But i am picking up little bits of understanding here and there. My next task i believe is to transfer from my coinbase pro to my yoroi wallet. And then "stake" it. Then i'll consider myself a full fledged member of the Cardano family.

[–]therealestx 14 points15 points  (1 child)

Sending and receiving payments is cool, but I want to see ADA do way more than that. It will with the release of smart contact soon. I want to a DEX, NFTs, elections, Identification, and many more things run on ADA. The possibilities are endless.

[–]snekCaseUser[S] 2 points3 points  (0 children)

I can't wait I just want to fast forward and see what the future is like. Saying that, I don't think we're very far away.

[–]GettingBySWE 13 points14 points  (1 child)

I paid my last tennis lesson in ADA.

Next weekend, Im going to see if i can buy groceries at the farmers market with it.

[–]wpeironnet 9 points10 points  (10 children)

Hows the fees sending ADA

[–]snekCaseUser[S] 11 points12 points  (3 children)

Currently 0.17 ADA - I believe that will be changed in the future as the value of ADA increases.

[–]mezum 3 points4 points  (0 children)

Wow seriously? I keep looking at both Algorand and Cardano, and I still have a lot to learn on Cardano, but I'll say if the transaction fees are 0.17, I really hope that changes down the line. I mean that's certainly not bad, but Algo currently has a flat transfer rate of 0.001 Algo, which at current cost is around $0.0016. Not even one fourth of penny yet. Seriously not trying to bash Cardano, but do give Algo a look. Mobile app wallet, staking works natively in just about any wallet without the need for selecting a staking pool, fast transactions.

[–]Icmedia 7 points8 points  (4 children)

Last time I sent from Coinbase to my wallet (2 days ago), it was a flat fee of 0.1 ADA regardless of amount sent

[–]wpeironnet 6 points7 points  (3 children)

How that’s so cheap awesome

[–]National-Stranger-50 7 points8 points  (0 children)

Its even cheaper using your own wallet that supports ADA

[–]Doom_elf 8 points9 points  (11 children)

Tell him to stake it!

[–]snekCaseUser[S] 9 points10 points  (2 children)

Done! 5% p.a. here we come! Better than any savings account in the UK right now

[–]Guerillatradefare 8 points9 points  (0 children)

Dont forget the compoud effect of the price of the coin 3-4x

[–]roccnet 2 points3 points  (0 children)

It's so much better than any danish savings now. When i was a kid there was like 10%ish interest now there's like 0.60% negative interest. I'm losing money holding it in a bank, both to negative interest and inflation, it's fucking stupid and going to cost banks big time

[–]lianagolucky 3 points4 points  (7 children)

How do you stake it ? I thought that meant you might lose it because they’re lending it out ?

[–]Doom_elf 2 points3 points  (1 child)

You can’t lose it, it stays in your wallet. The fee is like 2 Ada + network fees. If you unstake it you will get your 2 Ada back

[–]I_knows_nothing 1 point2 points  (0 children)

When I first staked that 2 ADA freaked me out. Had a random send transaction for 2 ADA and was sure I was hacked.

Wasn't easy to figure out about that fee so I was pretty uncomfortable for quite some time. That part should be mentioned more

[–]Jewishbabyducks 7 points8 points  (7 children)

Forgive me for my ignorance but how is what you described different from a different coin? I’m a noob

[–]snekCaseUser[S] 3 points4 points  (5 children)

I, too, am a noob. This is my first crypto transaction, that's all! I guess it's like someone using Google for the first time and being impressed by it, and saying "I just Googled something for the first time!" rather than "I just used an internet based search algorithm for the first time!"

[–]troposfer 5 points6 points  (4 children)

Cardano is cool but how is this different then any other crypto

[–]Catlike-Manatee 14 points15 points  (19 children)

I need to get my ADA on a wallet. It's on eToro now and all I can do is treat it like a stock.

[–]TangoWithTheRango_ 12 points13 points  (10 children)

Buy on Coinbase Pro and transfer to your wallet for ease of use.

[–]Catlike-Manatee 3 points4 points  (1 child)

I don't think it was on there when I bought but good to know it is now. I have to change everything up. 90% of my ETH is on rh 🤦🏻‍♂️

[–]Catlike-Manatee 1 point2 points  (7 children)

How do I move it to a wallet?

[–]TangoWithTheRango_ 4 points5 points  (4 children)

I bought a Trezor. Connect your cold wallet to a computer, go to Adalite.io (many scam sites, be sure to favorite this page). Once connected, enter PIN on hardware wallet directly and click withdraw on Coinbase Pro app. Adalite.io will provide wallet address to send to. Simple process once you have the hang of it, but a bit involved the first time or two you go into it.

[–]Catlike-Manatee 1 point2 points  (3 children)

Thanks

[–]TangoWithTheRango_ 3 points4 points  (2 children)

👍 funny enough, I learned this from Reddit myself. The internet is undefeated, paid it forward

[–]SirensofTTown 5 points6 points  (4 children)

Download Yoroi or Daedulus and Stake that SHit!

[–]Catlike-Manatee 4 points5 points  (1 child)

NVM, I got it. I just can't send it yet because I haven't held on that app long enough.

[–]Catlike-Manatee 2 points3 points  (1 child)

I got yoroi, just not sure how to get the coins from coinbase pro to yoroi.

[–]thebuttdemon 1 point2 points  (0 children)

In Yoroi go to receive and copy the address. Go into Coinbase Pro, tap your ADA holding in your portfolio and then withdraw. Paste in the receive address from Yoroi and the other details and send!

[–]Ok_Tomorrow3281 1 point2 points  (1 child)

lol dont buy crypto in etoro, it's not coin, it's CFD, u cant transfer ur coin-asset from etoro

u wont be able to use as transaction like in the thread

[–]Catlike-Manatee 2 points3 points  (0 children)

You can once it's supported on their wallet but ADA isn't yet. At the time I couldn't get verified on any other app. Still happy I did it though. I'm just going to move to coinbase pro like someone suggested if I can get verified.

[–]TeamNuanceTeamNuance 4 points5 points  (0 children)

It’s also cool there is a present and smart leader who communicates.

[–]manginahunter1970 5 points6 points  (0 children)

The Ethereum fanbois are the only thing slowing down the price. It won't matter in the long run. Smart contracts should be very interesting in August...

I'm in it for good!

[–]ohheyitschris 18 points19 points  (0 children)

HODL

[–]lurkerenabled 2 points3 points  (0 children)

Quite frankly this isnt the only power of Cardano. There is so much more...look into project Catalyst.

[–]bseoan 4 points5 points  (2 children)

I didnt know that wallet... it is better than trust or exodus?

[–]snekCaseUser[S] 1 point2 points  (0 children)

I don't know to be honest. It's the only wallet I've used for anything so far. I'm pretty dumb and even I can use it ok so I guess it must be good! It doesn't copy down a ton of data from the blockchain which means it's very fast to set up, and the interface allows for sending, receiving and staking easily.

[–]Boris_TheManskinner 4 points5 points  (0 children)

Had a similar aha moment when a buddy of mine, who lives about 800 miles away, picked up some ammo for me and I sent him 150 ADA in exchange. Told him to download Daedalus and boom, in a matter of seconds we were all set.

[–]mstrkit 3 points4 points  (1 child)

You ain't seen nothing yet....

[–]Scolexis 3 points4 points  (0 children)

Yeah, that's cool and all and you can do this with many other coins. But, sending crypto to a completely new person, and them just having a wallet doesn't mean they know how to actually get cash for it. They'll need to create an account on a crypto exchange, and then transfer coin to the exchange and then sell it and then transfer the USD balance back over to their traditional bank if they want to actually use said cash.

Until Crypto is more easily accessible I don't see this being a good selling point.

Most people won't know how to do this easily, unless they are already in the space.

[–]Mgc_rabbit_Hat 3 points4 points  (0 children)

This is literally just crypto as a whole.. nothing to do with cardano.

Welcome aboard

[–]SteaminglyCold 3 points4 points  (0 children)

Its not just Cardano. Blockchain is amazing eh?

[–]Bru_Boy8 7 points8 points  (0 children)

This reminds me of the story of a pizza being sold for like 10k btc haha

[–]yeeyeesuckinteets 2 points3 points  (0 children)

That's awesome! But you can do that with litterally any crypto. I could pay someone in ATOM if I really wanted. The true power of ADA has still yet to come. Buckle up!

[–]fugitivuserrans 2 points3 points  (0 children)

That's just so heart warming!

[–]bcyc 2 points3 points  (1 child)

How is that different to the 9000 other coins out there?

[–]Marl_l 2 points3 points  (1 child)

That is why I am pleased that I invested in ada, as soon as I found out what cryptocurrency is all about. And this was quite recently

In fact, I'm really looking forward to when Ada will be used as a platform for new projects, but as far as I understand, it is still necessary to wait until this moment.

At least so far I have seen one token already built on Ada

I hope that the development will continue further and much faster

[–]HyenaCalm7738 5 points6 points  (0 children)

Like Stellar?

[–]Crap911 4 points5 points  (0 children)

Nice I did the same with algo, atom

[–]stinkypoppit 3 points4 points  (4 children)

Hopefully this is like that pizza/bitcoin story one day. "Back in 2021 this dude bought a piece of junk laptop for ONE HUNDRED ADA. Can you believe that thats like 750,000 for a used laptop... unbelievable".

[–][deleted] 1 point2 points  (1 child)

I don’t get the power but I keep buying anyways

[–]Mtballer09 1 point2 points  (0 children)

Love it, the future is here!

[–]Henry_TG 1 point2 points  (0 children)

Welcome to the club

[–]henkdebatser2 1 point2 points  (0 children)

Yes! This is exactly what made me very enthousiastic!

[–]Wishy_washy_Though 1 point2 points  (4 children)

Greetings all!

Ok, so I'm in Mexico, my cousin Juan is in the states and just sent 200 ADA coins to my wallet, I want to cash out 100 to fix my roof. How can I do this? What's the easiest process? I have a bank account but no online banking.

Thanks in advance.

[–]carutsu 2 points3 points  (2 children)

Mexican here. México is very restrictive with foreign currency unless you live near the border. Easiest is to find a fiat offramp. Binance i think is the most widely used. Then there's taurus and another one whose name escapes me. These last two only support usdc, eth, btc or link i think.

Long story short try binance but be aware you'll need to complete kyc procedures.

[–]WiseCapitalOrg 1 point2 points  (0 children)

remember to keep this thing clean, there have been scammers using remote access and keylogers to steal money. keep that thing without any cracked software and safe.

congrats

[–]Fitzchozzie 1 point2 points  (0 children)

It’s very cool, when you break it down the system is profoundly powerful.

[–]Starscreen_pplkush 1 point2 points  (0 children)

Sweet right, I sent myself some btc and it took 30 mins 😢

[–]FavcolorisREDdit 1 point2 points  (0 children)

Cardano will have a mass migration in the future because of the structure of it but now

[–]cipher-zer0 1 point2 points  (1 child)

I did the same to a friend. Created a wallet for her and told her, take this as an Incentive to study how it all works.

[–]Parallelism09191989 1 point2 points  (1 child)

I got an ex coworker into Ada and told him to make a wallet and I’d send him 10 ADA (I’m a cheap ass)

A few months later he opens it up “ITS WORTH $40 NOW! HOW IS THAT POSSIBLE!?”

😂

[–]alexiswithoutthes 1 point2 points  (0 children)

So many lessons here. That’s dope of you regardless of the amount.

The worldwide and low barriers to entry in this whole ecosystem are a net positive

[–]dopebeatsbrant 1 point2 points  (0 children)

I know! I can’t believe what he did to Billy Joe Saunders last night

*shit, sorry wrong subreddit

[–]highboulevard 1 point2 points  (1 child)

How did you purchase the ADA then?

[–]cryptonoobert 1 point2 points  (0 children)

So like any crypto... Cool

[–]jeaj 1 point2 points  (0 children)

I feel the same, I just sold an mavic mini to my uncle and he paid me $115 in cash and 90 ADA to complete the purchase! ADA!

[–]AlexCardano 4 points5 points  (0 children)

You are describing the power of pretty much any crypto, not just Cardano

[–]Dazzling-Smell-1630 3 points4 points  (0 children)

Any other crypto coins does exactly the same, XLM, Tezos, Algo to name a few...Just saying...BTW, I hold all those including ADA.

[–]adesol 4 points5 points  (1 child)

This is so fucking cringe when zoomers discover how blockchain work in 2021

[–]slavik0329 3 points4 points  (1 child)

Welcome to 2009

[–]snekCaseUser[S] 11 points12 points  (0 children)

Ha ha, yeah I am a dinosaur. New to crypto and every day I understand a little bit more and it blows my puny mind.

[–]direfinder 1 point2 points  (0 children)

I think cardano real power is publishing papers about how to publish good papers