Where and How to Stake Terra (LUNA)

Introduction

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

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

   Platform	Coin	Price
   YouHodler	Terra (LUNA)	0.16
   Kraken	Terra (LUNA)	0.16
   OKX	Terra (LUNA)	0.15
   Binance	Terra (LUNA)	0.16
   BTSE	Terra (LUNA)	0.16
   BingX	Terra (LUNA)	0.16

   See all 39 prices

2. 2. Choose a Terra Wallet

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

3. 3. Delegate Your LUNA

   We recommend using a staking pool when staking LUNA. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUNA, 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 Terra network. You'll be rewarded with LUNA 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.