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DAD Stakes

How to Setup Daedalus

2021 May 19th

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Installing Daedalus

First you need to download the Daedalus installer. Only download Daedalus from daedaluswallet.io. This is the only place we would recommend.

Download the Binaries

They also provide the checksum to verify the authenticity of the downloaded files. As well as instructions on how to perform the checksum verification. (We recommend you do this for security purposes)

You can verify with a checksum

Create your Wallet

You will now need to create a wallet inside of the Daedalus application.

  1. Select the “Add wallet” plus sign

  2. Select “Create”

This is where you will name your wallet and create a password for that wallet. We would recommend documenting that password and wallet name on paper, do not save this information on your PC.

Create your Wallet

At the Recovery Phrase screen, read the instructions thoroughly and follow the directions. You will need the 24 words in the next step, this is part of a verification process to make sure the user has documented the 24 words.

“Using your recovery phrase is the only way to recover your wallet if your computer is lost, broken, stolen, or stops working.”

Check the “I understand that the simplest way to keep my wallet recovery phrase secure is to never store it digitally or online. If I decide to use an online service, such as a password manager with an encrypted database, it is my responsibility to make sure that I use it correctly.”

Check the “I understand that the only way to recover my wallet if my computer is lost, broken, stolen, or stops working is the use my wallet recovery phrase.”

Then select Continue.

The wallet will now sync with the blockchain.

Sending ADA to your wallet

Select the “Receive” tab to gain access to multiple receive address for your wallet.

Receive ADA

You will provide one of these address to the exchange you have your ADA during the transfer process. Once you have your coins in your wallet, Staking is the easy part.

That wasn't so bad, right?

You've got your Daedalus wallet setup and funded. You've password protected your wallet, and you have a recovery phrase written down and stored safely in case your computer crashes or you lose access to your computer. This is awesome right? Oh, one more thing. Don't forget to stake your funds preferrably with DAD pool.

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