How to Stake Terra Classic (Wormhole) (LUNC)

Introduction

Staking Terra Classic (Wormhole) can be an excellent choice for those looking to hold LUNC 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 Classic (Wormhole) (LUNC) Tokens

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

   Plattform	Kryptowährung	Price
   Kraken	Terra Classic (Wormhole) (LUNC)	0,00004275 APY
   CoinEx	Terra Classic (Wormhole) (LUNC)	0,00004275 APY
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0,00004269 APY
   Kucoin	Terra Classic (Wormhole) (LUNC)	0,00004265 APY
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0,00004266 APY
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0,00004269 APY

   View all 11 prices

2. 2. Select a Terra Classic (Wormhole) Wallet

   Once you have LUNC, you'll need to select a Terra Classic (Wormhole) wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3 % APY

3. 3. Delegate Your LUNC

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

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.