How to Stake Terra Luna Classic (LUNC) in Australia

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. 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)	0.00003929
   BTSE	Terra Luna Classic (LUNC)	0.00003931
   OKX	Terra Luna Classic (LUNC)	0.0000599
   Uphold	Terra Luna Classic (LUNC)	0.00006084
   BingX	Terra Luna Classic (LUNC)	0.00003956
   Bitget	Terra Luna Classic (LUNC)	0.00003934

   See all 27 prices

2. 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. 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. 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.

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.