How to Stake Terra Classic (Wormhole) (LUNC) in the UK

Introduction

Staking Terra Classic (Wormhole) can be an excellent option for those who wish to hold LUNC 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 Terra Classic (Wormhole) (LUNC) Tokens

   To stake Terra Classic (Wormhole), you need to possess it. To obtain Terra Classic (Wormhole), you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00004275
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00004275
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.00004269
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00004265
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.00004266
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0.00004269

   View all 11 prices

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

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

   Platform	Coin	Staking rewards
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% AER

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUNC, 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 Terra Classic (Wormhole) network. You will be rewarded with LUNC 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.