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A comprehensive guide on how to stake Terra (LUNA)
We have extensive data on staking Terra (LUNA) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking Terra is an excellent choice for those looking to hold LUNA while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Terra, you first need to acquire it. You can purchase Terra from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| YouHodler | Terra (LUNA) | 0.12 |
| Binance | Terra (LUNA) | 0.12 |
| BTSE | Terra (LUNA) | 0.12 |
| Kraken | Terra (LUNA) | 0.18 |
| OKX | Terra (LUNA) | 0.15 |
| BingX | Terra (LUNA) | 0.12 |
Once you have LUNA, you'll need to select a Terra wallet to keep your tokens safe. Here are some great options.
We suggest using a staking pool for staking LUNA. It's easier and quicker to start. A staking pool consists of validators who pool their LUNA, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Terra network. You will be rewarded with LUNA for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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