How to Stake Lumia (LUMIA): A Step-by-Step Guide

Introduction

Staking Lumia can be a great option for those who want to hold LUMIA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Lumia (LUMIA) Tokens
In order to stake Lumia, you need to have it. To obtain Lumia, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance Lumia (LUMIA) 0.13
BingX Lumia (LUMIA) 0.13
Bitget Lumia (LUMIA) 0.13
Bitmart Lumia (LUMIA) 0.13
Bitpanda Lumia (LUMIA) 1.56
Bybit Lumia (LUMIA) 0.13
See all 28 prices
2. Choose a Lumia Wallet
Once you have LUMIA, you’ll need to choose a Lumia wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Lumia (LUMIA) Up to 6.9% APY
3. Delegate Your LUMIA
We recommend using a staking pool when staking LUMIA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUMIA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Lumia network. You’ll be rewarded with LUMIA for these validations.

Platform	Coin	Price
Binance	Lumia (LUMIA)	0.13
BingX	Lumia (LUMIA)	0.13
Bitget	Lumia (LUMIA)	0.13
Bitmart	Lumia (LUMIA)	0.13
Bitpanda	Lumia (LUMIA)	1.56
Bybit	Lumia (LUMIA)	0.13

Platform	Coin	Staking rewards
Binance	Lumia (LUMIA)	Up to 6.9% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.