Introduction
Staking Moonbeam can be a great option for those who want to hold GLMR 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
- 1
Obtain Moonbeam (GLMR) tokens
In order to stake Moonbeam, you need to have it. To obtain Moonbeam, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Moonbeam wallet
Once you have GLMR, you’ll need to choose a Moonbeam wallet to store your tokens. Here are some good options.
- 3
Delegate your GLMR
We recommend using a staking pool when staking GLMR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GLMR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 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 Moonbeam network. You’ll be rewarded with GLMR 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.
Latest movements
Moonbeam (GLMR) is currently priced at $0.283, with a 24-hour trading volume of $8.82M. In the last 24 hours, Moonbeam has experienced a decrease to -2.08. The market cap of Moonbeam stands at $247.68M, with 859.17M in circulation. For those looking to buy or trade Moonbeam, reputable platforms like Binance, BTSE and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $247.68M
- Volume
- $8.82M
- Circulating supply
- $859.17M
