How to Stake Terra Luna Classic (LUNC): A Step-by-Step Guide

Introduction

Staking Terra Luna Classic can be a great option for those who want to hold LUNC 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 Classic (LUNC) Tokens

In order to stake Terra Luna Classic, you need to have it. To obtain Terra Luna Classic, you'll need to purchase it. You can choose from these popular exchanges.

Platform	Coin	Price
Binance	Terra Luna Classic (LUNC)	0.00004267
BTSE	Terra Luna Classic (LUNC)	0.00004267
OKX	Terra Luna Classic (LUNC)	0.0000599
Uphold	Terra Luna Classic (LUNC)	0.00006084
BingX	Terra Luna Classic (LUNC)	0.00004258
Bitget	Terra Luna Classic (LUNC)	0.00004265

See all 27 prices

2. Choose a Terra Luna Classic Wallet
Once you have LUNC, you'll need to choose a Terra Luna Classic wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitget Terra Luna Classic (LUNC) Up to 8% APY
Bitmart Terra Luna Classic (LUNC) Up to 0.3% APY
See all 5 staking rewards
3. Delegate Your LUNC
We recommend using a staking pool when staking LUNC. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUNC, 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 Luna Classic network. You'll be rewarded with LUNC for these validations.

Platform	Coin	Staking rewards
Bitget	Terra Luna Classic (LUNC)	Up to 8% APY
Bitmart	Terra Luna Classic (LUNC)	Up to 0.3% 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 Classic (LUNC) is currently priced at $8 with a 24-hour trading volume of $22.77M. The market cap of Terra Luna Classic stands at $563.82M, with 5.51T LUNC in circulation. For those looking to buy or trade Terra Luna Classic, Bitget offers avenues to do so securely and efficiently}

Market cap: $563.82M
24h volume: $22.77M
Circulating supply: 5.51T LUNC

See latest information

Frequently Asked Questions About Terra Luna Classic (LUNC) Staking

What are the staking rewards for Terra Luna Classic (LUNC)?: Staking rewards for Terra Luna Classic (LUNC) can vary depending on the platform you use. Currently, Bitget offers competitive staking rates for LUNC, but specific percentages may differ. Staking allows holders to contribute to network security and transaction verification while earning rewards in return. It is crucial to stay informed about the latest rates and developments to maximize your staking benefits. For real-time updates, consider utilizing Bitcompare's resources.