Once you have your ADA in a Ada compatible wallet staking is very simple, and it never leaves your control. You are free to move or withdraw your ADA at anytime. It takes approximately 20 days, or 4 EPOCHS for you to begin earning rewards. ** Expect this time frame to be longer if you are staking to a growing pool** If you withdraw rewards during the middle of an EPOCH you do not earn your rewards for that EPOCH.
My eight year old explained staking this way. " its like if I take my piggy bank, and put it on a shelf at school. Each week I would get more coins in my piggy bank, but I can move my piggy bank to another shelf, take it home, or take some coins out without asking anyone's permission."
Cardanosimple's own Stake pool information:
Pool Fees: 345 Minimum Fixed Fee Per Epoch And 4.00% Variable Fee
Performance And Metrics: You can follow our performance here.
I had heard about crypto currency in the past and understood it primarily as a digital store of value. When I was first introduced to Cardano, what stood out to me, is there is so much more to it than a a digital store of value. The goals of Cardano are set in place to shake up the status quo, and opening up opportunities for people groups that might not otherwise have the chance to participate. Everyone at Cardanosimple have young kids, and its our goal to participate in a platform, that we believe will be fundamental to how our kids learn, complete contracts, build businesses, or fly to the moon.
This video is a bit long, but founder of Cardano, Charles Hoskinson does a brilliant Tedx talk explaining what he seeks to do and how technology can transform the way we do things.