How to Stake Lumia (LUMIA) in the UK

Introduction

Staking Lumia can be an excellent option for those who wish to hold LUMIA while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Lumia (LUMIA) Tokens

   To stake Lumia, you need to possess it. To obtain Lumia, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Lumia (LUMIA)	0.34
   BingX	Lumia (LUMIA)	0.34
   Bitget	Lumia (LUMIA)	0.34
   Bitmart	Lumia (LUMIA)	0.34
   Bitpanda	Lumia (LUMIA)	1.56
   Bybit	Lumia (LUMIA)	0.34

   View all 28 prices

2. 2. Choose a Lumia Wallet

   Once you have LUMIA, you'll need to choose a Lumia wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Binance	Lumia (LUMIA)	Up to 6.9% AER

3. 3. Delegate Your LUMIA

   We recommend using a staking pool when staking LUMIA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUMIA, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Lumia network. You will be rewarded with LUMIA for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.