How to Stake Moonbeam (GLMR) in Australia

Introduction

Staking Moonbeam can be a great option for those who want to hold GLMR while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Moonbeam (GLMR) Tokens

   To stake Moonbeam, you need to own it. To obtain Moonbeam, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Uphold	Moonbeam (GLMR)	0.08
   Kraken	Moonbeam (GLMR)	0.07
   OKX	Moonbeam (GLMR)	0.07
   Binance	Moonbeam (GLMR)	0.07
   BTSE	Moonbeam (GLMR)	0.07
   BingX	Moonbeam (GLMR)	0.07

   See all 39 prices

2. 2. Choose a Moonbeam Wallet

   Once you have GLMR, you'll need to choose a Moonbeam wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Moonbeam (GLMR)	Up to 7.1% % p.a.
   Bitpanda	Moonbeam (GLMR)	Up to 5% % p.a.
   BTSE	Moonbeam (GLMR)	Up to 2.4% % p.a.

   View all 9 staking rewards

3. 3. Delegate Your GLMR

   We recommend using a staking pool when staking GLMR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GLMR, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.