How to Stake Terra Luna Classic (LUNC): A Comprehensive Guide for Australians

Introduction

Staking Terra Luna Classic can be a great option for those who want to hold LUNC while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. Obtain Terra Luna Classic (LUNC) Tokens

To stake Terra Luna Classic, you need to own it. To obtain Terra Luna Classic, you'll need to buy it. You can choose from these popular exchanges.

Platform	Coin	Cost
Binance	Terra Luna Classic (LUNC)	0.00004045
BTSE	Terra Luna Classic (LUNC)	0.00004043
OKX	Terra Luna Classic (LUNC)	0.0000599
Uphold	Terra Luna Classic (LUNC)	0.00006084
BingX	Terra Luna Classic (LUNC)	0.00004052
Bitget	Terra Luna Classic (LUNC)	0.00004058

See all 27 prices

2. Choose a Terra Luna Classic Wallet
Once you have LUNC, you'll need to choose a Terra Luna Classic wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Bitget Terra Luna Classic (LUNC) Up to 8% % p.a.
Bitmart Terra Luna Classic (LUNC) Up to 0.3% % p.a.
View all 5 staking rewards
3. Delegate Your LUNC
We recommend using a staking pool when staking LUNC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUNC, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Terra Luna Classic network. You'll be rewarded with LUNC for these validations.

Platform	Coin	Staking returns
Bitget	Terra Luna Classic (LUNC)	Up to 8% % p.a.
Bitmart	Terra Luna Classic (LUNC)	Up to 0.3% % p.a.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.