How to Stake Terra Classic (Wormhole) (LUNC) in Canada

Introduction to Cryptocurrency in Canada

Staking Terra Classic (Wormhole) can be an excellent choice for Canadians looking to hold LUNC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Terra Classic (Wormhole) (LUNC) Tokens in Canada

   To stake Terra Classic (Wormhole), you first need to acquire it. To obtain Terra Classic (Wormhole), you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00004041
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00004024
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.00004026
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00004019
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.00004024
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0.00004024

   See all 11 prices in Canada

2. 2. Select a Terra Classic (Wormhole) Wallet in Canada

   Once you have LUNC, you'll need to choose a Terra Classic (Wormhole) wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% APY in Canada

3. 3. Delegate Your LUNC in Canada

   We recommend using a staking pool when staking LUNC. It's simpler and faster to get started. A staking pool is a group of validators who combine their LUNC, which increases their chances 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 Classic (Wormhole) network. You'll be rewarded with LUNC for these validations.

What Canadians Should Be Aware Of

In Canada, it's important to consider 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.