How to Stake Terra (LUNA)

Introduction

Staking Terra can be an excellent choice for those looking to hold LUNA 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 Terra (LUNA) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	Terra (LUNA)	0,1 APY
   Binance	Terra (LUNA)	0,1 APY
   BTSE	Terra (LUNA)	0,1 APY
   Kraken	Terra (LUNA)	0,1 APY
   OKX	Terra (LUNA)	0,15 APY
   BingX	Terra (LUNA)	0,1 APY

   View all 39 prices

2. 2. Select a Terra Wallet

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

3. 3. Delegate Your LUNA

   We recommend using a staking pool when staking LUNA. It's simpler and faster to get started. A staking pool is a collective of validators who pool their LUNA, 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 Terra network. For these validations, you will be rewarded with LUNA.

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.