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

Introduction

Staking Terra Luna Classic can be an excellent choice for those looking to hold LUNC 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. Acquire Terra Luna Classic (LUNC) Tokens

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

Platform	Mint	Cost
Binance	Terra Luna Classic (LUNC)	0,00004045
BTSE	Terra Luna Classic (LUNC)	0,00004043
OKX	Terra Luna Classic (LUNC)	0,0000599
Uphold	Terra Luna Classic (LUNC)	0,00006084
BingX	Terra Luna Classic (LUNC)	0,00004052
Bitget	Terra Luna Classic (LUNC)	0,00004058

View all 27 prices

2. Select a Terra Luna Classic Wallet
Once you have LUNC, you'll need to choose a Terra Luna Classic wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Bitget Terra Luna Classic (LUNC) Up to 8% APY
Bitmart Terra Luna Classic (LUNC) Up to 0,3% APY
View all 5 staking rewards available
3. Delegate Your LUNC
We recommend using a staking pool when staking LUNC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LUNC, which increases their chances of validating transactions and earning rewards. You can manage 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	Mint	Staking rewards in South Africa
Bitget	Terra Luna Classic (LUNC)	Up to 8% APY
Bitmart	Terra Luna Classic (LUNC)	Up to 0,3% APY

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.