Introduction
Staking Terra can be an excellent option for those who wish to hold LUNA 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. Obtain Terra (LUNA) Tokens
To stake Terra, you need to possess it. To obtain Terra, you'll need to purchase it. You can choose from these popular exchanges.
View all 39 pricesPlatform Coin Price YouHodler Terra (LUNA) 0.14 Binance Terra (LUNA) 0.14 BTSE Terra (LUNA) 0.14 Kraken Terra (LUNA) 0.14 OKX Terra (LUNA) 0.15 BingX Terra (LUNA) 0.14 2. Choose a Terra Wallet
Once you have LUNA, you'll need to choose a Terra wallet to store your tokens. Here are some suitable options.
3. Delegate Your LUNA
We recommend using a staking pool when staking LUNA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUNA, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Terra network. You will be rewarded with LUNA 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.
Latest Movements in the UK
Terra (LUNA) is currently priced at US$15.08 with a 24-hour trading volume of US$36.53M. The market cap of Terra stands at US$283.98M, with 687.66M LUNA in circulation. For those looking to purchase or trade Terra, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$283.98M
- 24-hour volume
- US$36.53M
- Circulating supply
- 687.66M LUNA
LUNA
ADA
AVAX
BNB
BTC
DOGE
ETH
HYPE
LINK
SOL
STETH
SUI
TRX