How to Stake Luminous (LUM): A Comprehensive Guide for Italian Investors

Introduction

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

Step-by-Step Guide for Italian Investors

1. Acquire Luminous (LUM) Tokens
To stake Luminous, you must first acquire it. To obtain Luminous, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
CoinEx Luminous (LUM) 0,6 APY
MEXC Global Luminous (LUM) 0,53 APY
Check out all 4 prices
2. Select a Luminous Wallet
Once you have LUM, you'll need to select a Luminous wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
Stakewolle Luminous (LUM) Up to 35,19% APY
3. Delegate Your LUM
We recommend using a staking pool when staking LUM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LUM, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Begin the Validation Process
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Luminous network. For these validations, you'll receive rewards in LUM.

Piattaforma	Criptovaluta	Value
CoinEx	Luminous (LUM)	0,6 APY
MEXC Global	Luminous (LUM)	0,53 APY

Piattaforma	Criptovaluta	Staking rewards
Stakewolle	Luminous (LUM)	Up to 35,19% APY

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.