How to Stake Moonriver (MOVR) in Australia

Introduction

Staking Moonriver can be a great option for those who want to hold MOVR 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 Moonriver (MOVR) Tokens

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

   Platform	Coin	Cost
   Binance	Moonriver (MOVR)	2.49
   Kraken	Moonriver (MOVR)	2.49
   OKX	Moonriver (MOVR)	6.45
   Uphold	Moonriver (MOVR)	6.57
   BingX	Moonriver (MOVR)	2.5
   Bitget	Moonriver (MOVR)	2.5

   See all 60 prices

2. 2. Choose a Moonriver Wallet

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

   Platform	Coin	Staking returns
   Binance	Moonriver (MOVR)	Up to 12.9% % p.a.

   View all 5 staking rewards

3. 3. Delegate Your MOVR

   We recommend using a staking pool when staking MOVR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their MOVR, 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 Moonriver network. You'll be rewarded with MOVR 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.