Where and How to Stake Lumia (LUMIA)

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. 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
   Bitpanda	Lumia (LUMIA)	1.02
   Binance	Lumia (LUMIA)	1.08
   MEXC Global	Lumia (LUMIA)	1.06
   BingX	Lumia (LUMIA)	1.02
   Bitget	Lumia (LUMIA)	1.02
   Gate.io	Lumia (LUMIA)	1.06

   See all 9 prices

2. 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 19.90 APY

3. 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. 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.

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.