How to Stake Terra (LUNA): A Step-by-Step Guide

Introduction

Staking Terra can be a great option for those who want to hold LUNA 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 Terra (LUNA) Tokens
In order to stake Terra, you need to have it. To obtain Terra, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Kraken Terra (LUNA) 0.43
OKX Terra (LUNA) 0.43
YouHodler Terra (LUNA) 0.69
Binance Terra (LUNA) 0.43
BTSE Terra (LUNA) 0.43
Bitget Terra (LUNA) 0.43
See all 21 prices
2. Choose a Terra Wallet
Once you have LUNA, you’ll need to choose a Terra wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Kucoin Terra (LUNA) Up to 12 APY
Stakin Terra (LUNA) Up to 20.79 APY
See all 4 staking rewards
3. Delegate Your LUNA
We recommend using a staking pool when staking LUNA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUNA, 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 Terra network. You’ll be rewarded with LUNA for these validations.

Platform	Coin	Price
Kraken	Terra (LUNA)	0.43
OKX	Terra (LUNA)	0.43
YouHodler	Terra (LUNA)	0.69
Binance	Terra (LUNA)	0.43
BTSE	Terra (LUNA)	0.43
Bitget	Terra (LUNA)	0.43

Platform	Coin	Staking rewards
Kucoin	Terra (LUNA)	Up to 12 APY
Stakin	Terra (LUNA)	Up to 20.79 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.

Latest Movements

Terra (LUNA) is currently priced at $12 with a 24-hour trading volume of $54.21M. The market cap of Terra stands at $292.38M, with $687.66M LUNA in circulation. For those looking to buy or trade Terra, Kucoin offers avenues to do so securely and efficiently}

Market cap: $292.38M
24h volume: $54.21M
Circulating supply: $687.66M

See latest information

Frequently Asked Questions About Staking Terra (LUNA)

What are Terra (LUNA) staking rewards?: Terra (LUNA) staking rewards are incentives for validators and delegators who help secure and maintain the Terra blockchain. By staking LUNA, you earn rewards in exchange for providing network stability. Ensure you stay updated on the latest rewards information through Bitcompare's tools for real-time price comparisons and sentiment analysis.
How can I stake my LUNA coins?: To stake LUNA, select a reputable validator and delegate your coins. Use Bitcompare to find trustworthy exchanges offering competitive rates. It’s crucial to monitor staking conditions regularly, using real-time comparisons and alerts to make informed decisions and stay ahead in the changing crypto market.
What is the typical staking reward rate for LUNA?: The staking reward rate for LUNA varies based on network conditions and validator performance. Use Bitcompare for the latest information on reward rates to ensure you are receiving optimal returns. Regularly checking this data helps in making timely adjustments and maximizing potential earnings.
Are LUNA staking rewards subject to changes?: Yes, LUNA staking rewards can change due to network dynamics and governance decisions. Stay informed on these fluctuations through Bitcompare's price alerts and news events. This proactive approach assists in maintaining up-to-date knowledge, which is essential for success in the volatile crypto landscape.
How do I choose a validator for staking LUNA?: Selecting a reliable validator involves assessing their performance, fees, and reputation. Use Bitcompare to explore comprehensive comparisons of validators. By leveraging these insights, you can choose validators that align with your criteria, ensuring a secure and profitable staking experience.
Can my staked LUNA be at risk?: While staking is generally considered secure, risks include validator misconduct or slashing events. Regularly using Bitcompare to evaluate validator reliability and pricing trends can minimize risks. Keeping informed lets you respond effectively to any vulnerabilities in the crypto environment.
What happens if I want to unstake my LUNA?: Unstaking LUNA initiates a bonding period, during which your coins are locked. Consult Bitcompare for updates on bonding durations and any related news. Being aware of these aspects can aid in planning your unstaking activities efficiently without unexpected surprises.