How to Stake Luminous (LUM) in India

Introduction

Staking Luminous can be an excellent choice for those looking to hold LUM while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Luminous (LUM) Tokens in India

   To stake Luminous, you first need to acquire it. To obtain Luminous, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   CoinEx	Luminous (LUM)	1.11
   MEXC Global	Luminous (LUM)	1.2

   See all 4 rates

2. 2. Choose a Luminous Wallet in India

   Once you have LUM, you'll need to choose a Luminous wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Stakewolle	Luminous (LUM)	Up to 35.19% APY

3. 3. Delegate Your LUM in India

   We recommend using a staking pool when staking LUM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LUM, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Luminous network. For these validations, you will be rewarded with LUM.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.