Who can use this feature?
Staking is currently only available to Luno customers in Malaysia, Nigeria and South Africa.
Want to earn with your crypto? Staking allows you to earn rewards by putting your crypto aside for a period of time. Let’s get you started.
How to stake your crypto to earn rewards
If you've funded your Luno account with money and crypto, follow these steps:
- Sign in to your Luno app
- Select either Earn if you’re in Nigeria or South Africa or Stake if you’re in Malaysia
- Choose an asset to stake. You'll be prompted to make a deposit or buy crypto if you don't have enough funds
- Enter the amount you’d like to stake and select NEXT
- Read the pop-up note and if you’re happy, select GOT IT
- Confirm you’ve read and understood the Staking Ts & Cs and risks, then select STAKE NOW
Success! You’ve just staked your crypto and will start earning staking rewards.
Frequently asked questions
Which cryptocurrencies can I stake?
You can stake ADA, ATOM, AVAX, DOT, ETH, NEAR, and SOL on Luno. Staking support varies per region, so if you don’t see the option to stake any of these crypto assets, it likely means that Luno hasn’t added staking support for it yet in your country.
Where can I find the crypto I staked?
You can find your Staking Wallet in the Portfolio section under Staked Assets.
How do I change the amount of crypto I've staked?
You can add more crypto with the TOP UP option or get your crypto back with the UNSTAKE option at the top of your Staking Wallet.
How do rewards work?
You will receive an Annual Rewards Percentage (ARP), which is the total percentage you could earn per year. The rewards will be made in regular intervals, every few days, which will be clearly laid out for you in the app.
The ARP will fluctuate depending on market conditions. We’ll always tell you what the latest rewards rate is within the app so please check this before committing funds.
There could be a waiting period before your stake is effective, which means you might need to wait a number of days before you start receiving your rewards. These timings will be made very clear during the staking process in the app.
Tip
Visit this article for more information about how your staking rewards work.
Are there any fees for staking?
Luno doesn’t charge a fee to stake or unstake your cryptocurrency, but we do take a staking service fee. Our service fee has already been deducted from the reward you receive, so the ARP you see is what you’re earning after this deduction.
Tip
Visit Luno's fees and limits page to view the staking service fee.
Can I transact with the crypto I've staked?
No. When your crypto is staked, you’re unable to use it until you unstake it.
How long does it take to unstake?
Under normal circumstances, you’ll have access to your unstaked crypto within a day. Blockchains have set staking protocols that range between 1 - 28 days, depending on the cryptocurrency. Luno has processes to get your crypto to you much more quickly than that, but if there’s high demand for unstaking, we revert to the blockchain protocols that take a number of days. Learn more about unstaking wait times.