Binance, Exchanges

Can I Stake Luna on Binance?

The quick answer is no, but let’s elaborate a little bit more.

Binance currently offers staking for several major Proof of Stake (PoS) cryptocurrencies, including ATOM, TRX, and VTHO. However, they do not offer staking for LUNA at this time.

This is likely because Binance does not yet support the Terra blockchain, on which LUNA is built. In order to stake LUNA, you would need to have your tokens stored on a Terra wallet.

NOTE: Warning: Staking Luna on Binance is not currently available. We advise you to keep an eye out for any official announcements about the staking of Luna, but at this time, it is not possible to stake Luna on Binance.

There are several reasons why Binance may not yet support the Terra blockchain. It could be that they are still evaluating it, or it could be that they have not yet made the necessary technical preparations.

In any case, if you want to stake your LUNA tokens, you will need to find another platform that supports the Terra blockchain. The good news is that there are several major exchanges that do support Terra, including Kucoin and Upbit.

So if you want to stake your LUNA tokens, you have a few options. You can either wait for Binance to add support for the Terra blockchain, or you can move your tokens to another exchange that already supports it.

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