How to Stake Terra (LUNA)

Introduction

Staking Terra can be an excellent choice for those looking to hold LUNA 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. 1. Acquire Terra (LUNA) Tokens

   To stake Terra, you must first acquire it. To obtain Terra, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   YouHodler	Terra (LUNA)	0,1 APY
   Binance	Terra (LUNA)	0,1 APY
   BTSE	Terra (LUNA)	0,1 APY
   Kraken	Terra (LUNA)	0,1 APY
   OKX	Terra (LUNA)	0,15 APY
   BingX	Terra (LUNA)	0,1 APY

   Check out all 39 prices

2. 2. Select a Terra Wallet

   Once you have LUNA, you'll need to select a Terra wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

3. 3. Delegate Your LUNA

   We recommend using a staking pool when staking LUNA. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LUNA, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Terra network. For these validations, you'll receive rewards in LUNA.

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.