How to Stake Terra Luna Classic (LUNC)

Introduction

Staking Terra Luna Classic can be an excellent choice for those looking to hold LUNC 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 Classic (LUNC) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Terra Luna Classic (LUNC)	0,00004267 APY
   BTSE	Terra Luna Classic (LUNC)	0,00004267 APY
   OKX	Terra Luna Classic (LUNC)	0,0000599 APY
   Uphold	Terra Luna Classic (LUNC)	0,00006084 APY
   BingX	Terra Luna Classic (LUNC)	0,00004258 APY
   Bitget	Terra Luna Classic (LUNC)	0,00004265 APY

   Check out all 27 prices

2. 2. Select a Terra Luna Classic Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Bitget	Terra Luna Classic (LUNC)	Up to 8% APY
   Bitmart	Terra Luna Classic (LUNC)	Up to 0,3% APY

   Discover all 5 staking rewards available to you

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LUNC, 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 Luna Classic network. For these validations, you'll receive rewards in LUNC.

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.