Yoroi wallet explained

Yoroi is designed as an accessible and user friendly wallet for holding and staking your Cardano ADA. It’s an Emurgo product, engineered by IOHK to be simple, fast and secure.

Turn your sound on and watch this 30 second overview video from Yoroi:

built for convenient staking and storage

Yoroi wallet makes it much more convenient to dive in and start using the app to store and stake your ADA. Unlike the Daedalus wallet, you don’t have to download and sync the entire Cardano blockchain to open your wallet. This one difference makes Yoroi the ideal wallet for the casual Cardano user.

Once you have followed the necessary steps on the Yoroi app and safely secured your seed phrase, your wallet will be live and you can transfer your ADA into your new wallet.

Watch the 3 minute Upstream video guide on how to stake your ADA with Yoroi:

Security

The guys at Emurgo explain a security feature of Yoroi really well.

“Private keys are encrypted and never shared with our servers or third party providers. In order to preserve your privacy, Yoroi wallet does not even implement analytics.”

This gives you real confidence that your ADA is being stored and kept safe in the best possible way.

be part of something bigger

Staking ADA with Yoroi enables users to be part of something bigger, the Cardano network. Since the release of the Shelley wallet, staking your ADA to a staking pool has become available. This means you can earn on average 5% APY on your delegated ADA but also truly support the decentralised Cardano mission by delegating your ADA to help process transactions, blocks and expand the network in a sustainable, decentralised way.

If you need any support using the wallet please feel free to reach out to us on our twitter or visit the Yoroi support page for direct support from their customer team.

Thanks for reading this post and if you found it useful feel free to follow us on twitter, subscribe to our youtube channel and if you really want to light out fire, stake your ADA in our pool! Our ticker is UPSTR.