How to Stake Terra Luna Classic (LUNC) for optimal returns

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 overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Terra Luna Classic (LUNC) Tokens

   To stake Terra Luna Classic, you first need to acquire it. To obtain Terra Luna Classic, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Binance	Terra Luna Classic (LUNC)	0.00004065 APY
   BTSE	Terra Luna Classic (LUNC)	0.00004051 APY
   OKX	Terra Luna Classic (LUNC)	0.0000599 APY
   Uphold	Terra Luna Classic (LUNC)	0.00006084 APY
   BingX	Terra Luna Classic (LUNC)	0.00004064 APY
   Bitget	Terra Luna Classic (LUNC)	0.0000406 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 recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Bitget	Terra Luna Classic (LUNC)	Up to 8% APY
   Bitmart	Terra Luna Classic (LUNC)	Up to 0.3% APY

   Check out all 5 staking rewards available.

3. 3. Delegate Your LUNC in South Korea

   We recommend using a staking pool when staking LUNC. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their LUNC, increasing their chances of validating transactions and earning rewards. You can easily manage 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 Terra Luna Classic network. For these validations, you will be rewarded with LUNC.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.