How to Stake Lumia (LUMIA)

Introduction

Staking Lumia can be an excellent choice for those looking to hold LUMIA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Lumia (LUMIA) Tokens

   To stake Lumia, you first need to acquire it. To obtain Lumia, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Binance	Lumia (LUMIA)	0,17 APY
   BingX	Lumia (LUMIA)	0,17 APY
   Bitget	Lumia (LUMIA)	0,17 APY
   Bitmart	Lumia (LUMIA)	0,17 APY
   Bitpanda	Lumia (LUMIA)	1,56 APY
   Bybit	Lumia (LUMIA)	0,17 APY

   View all 28 prices

2. 2. Select a Lumia Wallet

   Once you have LUMIA, you'll need to select a Lumia wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	Lumia (LUMIA)	Up to 6,9 % APY

3. 3. Delegate Your LUMIA

   We recommend using a staking pool when staking LUMIA. It's simpler and faster to get started. A staking pool is a collective of validators who pool their LUMIA, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Lumia network. For these validations, you will be rewarded with LUMIA.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.