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What is the minimum ADA requirement to join a staking pool?

avatarjackson mandelaDec 26, 2021 · 3 years ago3 answers

I want to join a staking pool for ADA, but I'm not sure what the minimum requirement is. Can someone please tell me what is the minimum ADA amount needed to join a staking pool?

What is the minimum ADA requirement to join a staking pool?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To join a staking pool for ADA, the minimum requirement is usually around 10 ADA. However, this can vary depending on the specific staking pool you choose. It's always a good idea to check the requirements of the staking pool you're interested in before joining.
  • avatarDec 26, 2021 · 3 years ago
    The minimum ADA requirement to join a staking pool can vary from pool to pool. Some pools may require as little as 5 ADA, while others may have a higher minimum requirement of 50 ADA or more. It's important to research and compare different staking pools to find one that suits your needs and budget.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, the minimum ADA requirement to join a staking pool is 20 ADA. This ensures that participants have a sufficient stake in the pool to earn rewards. However, it's worth noting that the minimum requirement can change over time, so it's always a good idea to check the latest requirements on the BYDFi website or contact their support team for the most up-to-date information.