Staking is really just holding your ADA coins and registering them in the network as being "staked".

You do this by delegating your stake to a stake pool like ours [TRADA] Pool.

This helps in securing the network from attacks.

In return, the network protocol pays out rewards to those who staked their ADA coins.

This is relative to how much you stake.

The annual returns provided by IO Global (the developers of Cardano) is somewhere between 5% to 10%.

After you have finished delegating your stake, it will become "live" right away but not yet "active".

It will become active after the current and the next epochs have ended.

An epoch is a period of 5 days in the Cardano network.

When your stake is active, you will be entitled to rewards for blocks produced by the stake pool.

Supposing the pool minted blocks in that first epoch when your stake became active, you will receive your rewards for that epoch after 1 more epoch has passed.

For example:

if you delegated in epoch 222, your stake becomes active in epoch 224. Supposing the pool minted blocks in epoch 224, you will receive your first rewards in epoch 226.

For blocks produced in epoch 225, you will receive rewards in epoch 227 and so on, every 5 days.

Yes.

The rewards you earn accrue with your original staked amount.

When rewards are received, the balance of your rewards account increases; and consequently, your delegated stake also increases.

It compounds automatically every epoch (5 days)!

First, you need to buy some BTC, ETH or USDT at crypto exchanges like Binance or Coinbase.

Second, when you already have USDT or BTC, you can use that to buy ADA at those same exchanges also.

Third, from there, you can then withdraw your ADA into your own wallet.

Make sure you use one of the supported wallets with staking functionality already available.

We recommend Daedalus or Yoroi.