Cryptocurrency staking has become the talk of the town, promising passive income for holding your digital assets.

But with Luno, a leading crypto exchange, can you join the staking party?

The Big Reveal: Yes, Luno offers staking, but with a twist… ️ It depends on where you live and the crypto you want to stake!

Unfortunately, as of today, February 18, 2024, the Luno staking feature isn’t available to all African customers.

The good news is South African users can stake Ethereum or Cardano, and Malaysian users can stake Ethereum.

However,customers in other regions like Nigeria , Ghana currently can’t participate.

This doesn’t mean the door is closed forever, though! Luno is constantly expanding its services, and we hope to see the staking feature reach more African countries in the future.

In the meantime, keep an eye on Luno’s official channels for updates and announcements.

Sure, we’ve answered the big question: “Can you stake crypto on Luno?” But let’s face it, just knowing “yes” isn’t enough. You want the juicy details, the insider tips, the secret tips to maximizing your passive crypto income with Luno!

Scroll down and let’s get started!

In this post we will further dive into the following:

  • Step-by-step guide on how to stake on luno
  • Benefits & risks associated with Luno Staking
  • Luno vs other staking platforms
  • Pro tips & tricks to maximizing luno staking rewards

What is Crypto Staking?

According to Luno, Crypto staking is a way of verifying transactions by locking up your crypto in return you earn rewards.

Staking is only applicable to Proof of stake coins only.

Instead of just holding your crypto assets in a wallet, you can choose to stake them and earn rewards over time.

Staking rewards, often paid in the staked crypto itself, are calculated as an Annual Percentage Yield (APY).

For example, staking $5,000 worth of ETH on Luno at a 10% APY would net you approximately $500 in ETH rewards by the end of your staking period

Why is Crypto Staking Popular?

Almost everyone in the crypto space has dap into staking.

The staking market cap is over $200 billions

But why do many consider as a great option to earn extra income?

Here are the reasons:

Free Crypto, No Work

Imagine your crypto just sitting there, useless. Staking lets it work for you, earning you extra crypto (like free money!) while you relax.

Think of it as a bonus on your digital stuff, sometimes 5% to 20% more per year than your bank account pays.

 Be part of a Blockchain

Staking isn’t just about you; it helps the whole system.

By locking your crypto, you help keep things safe and running smoothly, making it harder for bad guys to mess it up.

It’s like being a guardian, making the whole thing stronger and more reliable. Pretty cool, huh?

 Ditch the Boring, Go Big

Tired of your investments giving you peanuts? Staking offers a way to potentially make more.

While there are risks (like anything), the chance for bigger gains is attracting a lot of people to this crypto staking.

Overview of Luno Exchange

Luno is a user-friendly cryptocurrency exchange that allows people to buy, sell, and store their digital assets.

With over 10 million users across 40+ countries, Luno aims to make it easy for anyone to get started with cryptocurrencies, whether you’re a seasoned investor or a newbie exploring the crypto space for the first time.

Luno’s Staking Offering

Luno offers a staking service that allows users to earn rewards on selected cryptocurrencies.

At the time of writing, Luno offers up to 4% annual rewards on staked Ethereum.

By staking your coins on Luno, you can participate in the network of supported cryptocurrencies and earn additional tokens as a reward.

Luno handles the technical complexities of staking for you, making it convenient for both experienced crypto enthusiasts and beginners.

Benefits and Risks of Staking Crypto on Luno

Benefits of Staking on Luno

Staking on Luno offers several benefits.

Focus and Expertise 

One of the advantages of luno is their focus on a limited number of coins (Eth and Cardano),

Luno can deepen their expertise in those specific blockchains and staking mechanisms.

This allows them to offer better support, higher security, and potentially more competitive APYs for those coins compared to exchanges spreading themselves thin across many options.

Small Stakes, sweet returns. 

Unlike some platforms, Luno allows you to stake smaller amounts of crypto.

This makes it accessible to a wider range of users, even those just starting their crypto journey.

One can start staking on Luno platform with as little as $10

Trust & Security

Awards speak volumes, and Luno’s trophy cabinet boasts the prestigious Ernst & Young Blockchain Trophy for security and compliance.

Additionally, being recognized as the “Best Crypto Exchange – Africa” by World Finance for two consecutive years speaks to their regional leadership and user trust.

With over 10 million users worldwide, their track record speaks for itself.

Risks of staking crypto on Luno

While staking crypto on luno can be a rewarding, it’s essential to be aware of potential risks.

Here are some key points to consider:

Market Volatility:

Cryptocurrencies are notoriously volatile, and their price fluctuations can significantly impact your staked assets.

Remember, the value of your rewards is tied to the value of your staked coin.

A 10% APY on Ethereum might sound great, but if the price of Ethereum drops by 20% during your staking period, you could end up with a net loss.

Consider the historical volatility of your chosen staking coin. Platforms like CoinMarketCap and CoinGecko provide volatility charts and statistics to help you assess potential price swings.

Technical risks

While Luno takes measures to mitigate technical risks,unexpected outages or platform issues could temporarily impact your access to staked assets or rewards.

How to Stake Crypto on Luno

Create a Luno Account

To stake crypto on Luno, you’ll first need to create an account on their platform.

Simply go to Luno’s website or download their app, follow the registration process, and complete the necessary verification steps.

Deposit Crypto on Luno

Once your account is set up, deposit the desired cryptocurrency into your Luno wallet.

You can do this by selecting the “Deposit” option on the platform and following the instructions provided.

Select the Staking Option

After depositing your crypto, navigate to the staking section on Luno’s platform.

Here, you’ll find a list of supported cryptocurrencies available for staking.

Choose the crypto you wish to stake and select the staking option.

Monitor and Manage Staked Assets

Once you have staked your crypto on Luno, you can monitor and manage your staked assets through your account dashboard.

Luno will handle the technical aspects of staking, so you can sit back, relax, and watch your rewards grow.

Staking crypto on Luno can be a great way to earn passive income and participate in the growth of the blockchain networks you believe in.

Luno Staking Return Rates and Lock-up Periods

Now, let’s talk numbers.

The return rates and lock-up periods for staking on Luno vary depending on the asset you choose.

At the time of writing this blog post, Ethereum offers a staking reward of about 4% Apy while cardano offer a staking reward of up to 8.5% on the Luno platform.

It’s important to note that staking involves locking up your crypto for a certain period in exchange for earning rewards.

So, before staking your hard-earned crypto, make sure to consider the returns and how long your funds will be locked up.

To find the specific return rates and lock-up periods, head over to Luno’s website or app, where you’ll find all the valid details.

Remember to compare the options and choose the one that aligns best with your investment goals and risk appetite.

Recommend read: How to stake crypto on Binance.

How to Maximize Crypto Staking Returns on luno

Choose the Right Staking Asset

Choosing the right staking asset is crucial for maximizing your returns. Take into consideration factors such as the projected returns, the stability of the asset, and its potential for growth.

Doing your research and staying informed will help you make an informed decision.

Stake only in bull market

While staking can be a profitable endeavor, it’s important to employ smart strategies and consider timing.

Staking during bear markets might not yield the best returns, as market conditions can impact the value of the staked asset.

Additionally, consider your own financial circumstances and investment goals before deciding on staking strategies.


As with any investment, managing risk is essential. Diversification is a key strategy to mitigate potential losses.

Instead of staking all your crypto in one asset, consider spreading it across multiple assets to reduce exposure to individual asset volatility.

This way, you’ll have a safety net even if one asset doesn’t perform as expected.

Recommend : Luno staking everything you need to know 

Frequently Asked Questions about Staking on Luno

Q: Is staking on Luno safe?

Luno takes security seriously and employs various measures to protect user funds. However, it’s important to remember that staking, like any investment, carries inherent risks.

Do your own research, understand the risks involved, and make informed decisions.

Q: Can I unstake my crypto before the lock-up period ends?

A: Unstaking before the lock-up period ends may not be possible or may come with penalties.

It’s crucial to familiarize yourself with the terms and conditions of the specific staking asset before committing your funds

Q: Will staking on Luno guarantee profits?

A: Staking does not guarantee profits. The returns on staking can vary depending on market conditions and other factors.

It’s important to have realistic expectations and consider staking as a long-term investment strategy.

Can I stake any cryptocurrency on Luno?

Currently, Luno supports the staking of specific cryptocurrencies, including Ethereum and cardano.

It’s important to check Luno’s website or platform for the most up-to-date information on the available staking assets.

How often are staking rewards distributed on Luno?

The distribution frequency of staking rewards may vary depending on the specific cryptocurrency being staked.

While some assets may offer daily rewards, others may distribute rewards on a weekly or monthly basis.

It’s advisable to review the staking details for each asset on Luno to determine the reward distribution frequency.

3. Are there any fees associated with staking on Luno?

Luno may charge a nominal fee for staking services, which is typically deducted from the staking rewards earned. It’s important to review Luno’s fee structure and terms before engaging in staking activities to understand any associated costs.

Can I unstake my assets at any time on Luno?

The process of unstaking and withdrawing your assets may vary depending on the specific cryptocurrency and its lock-up period.

Some assets may have a predetermined lock-up period, during which you may not be able to unstake your assets.
It’s recommended to familiarize yourself with the unstaking policies for each staking asset on Luno before making any commitments.

By John Adetiloye

I'm a pharmacist by profession, but my passion for cryptocurrency has led me down a different path. I've been staking crypto for years, and I'm always eager to learn more about this exciting and ever-changing field.

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