How to Stake Moonbeam (GLMR) in Canada

Introduction to Cryptocurrency in Canada

Staking Moonbeam can be an excellent choice for Canadians looking to hold GLMR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Moonbeam (GLMR) Tokens in Canada

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Binance	Moonbeam (GLMR)	0.02
   BTSE	Moonbeam (GLMR)	0.02
   Kraken	Moonbeam (GLMR)	0.02
   OKX	Moonbeam (GLMR)	0.09
   Uphold	Moonbeam (GLMR)	0.08
   BingX	Moonbeam (GLMR)	0.02

   See all 39 prices in Canada

2. 2. Select a Moonbeam Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	Moonbeam (GLMR)	Up to 7.1% APY in Canada
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY in Canada
   BTSE	Moonbeam (GLMR)	Up to 2.4% APY in Canada

   See all 9 staking rewards in Canada

3. 3. Delegate Your GLMR in Canada

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

4. 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 Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.