How to delegate?
To participate in the network as a delegate and support a stake pool, you must first have the network’s governance currency, which is the ADA. ADA currency can be obtained from a currency exchange provider. Most of these service providers exist online and some countries already have ATMs services for this purpose. Some of the most popular and considered safe currency-exchanges are Binance, Coinbase and Kraken.
After registering on one of these platforms, it is possible to purchase ADA and other cryptocurrencies provided by the platform.
Once you have the ADA in your possession, for example on one of the platforms mentioned, it is possible to proceed with your “withdrawal” from the platform to a personal and private portfolio, in order to guarantee full control over your funds.
At Cardano, the personal wallets that support the delegation of ADAs to a stake pool are Yoroi and Daedalus (mobile version and computer version, respectively).
After installing one of the applications, it is possible to create a free personal wallet that will consist of a digital address where you can download your ADA.
When creating the wallet (Yoroi or Daedalus) a unique password will be generated that will allow, at any time, through one of these applications, to recover access and control the same wallet and the respective funds existing there. Therefore, it is very important that this password is not lost because in case of a computer or mobile phone exchange, without having the password, there is no other way to access the funds!
The password consists of an automatically generated sequence of 24 or 15 words.
Delegate with Yoroi wallet