How to Stake Terra (LUNA)

Introduction

Staking Terra can be an excellent choice for those looking to hold LUNA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Terra (LUNA) Tokens

   To stake Terra, you first need to acquire it. To obtain Terra, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   YouHodler	Terra (LUNA)	0,08
   Binance	Terra (LUNA)	0,08
   BTSE	Terra (LUNA)	0,08
   Kraken	Terra (LUNA)	0,08
   OKX	Terra (LUNA)	0,15
   BingX	Terra (LUNA)	0,08

   View all 39 prices

2. 2. Select a Terra Wallet

   Once you have LUNA, you'll need to choose a Terra wallet to store your tokens securely. Here are some solid options to consider.

3. 3. Delegate Your LUNA

   We recommend using a staking pool when staking LUNA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LUNA, which increases their chances of validating transactions and earning rewards. You can manage 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 Terra network. You'll be rewarded with LUNA for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.